In Monthly Chart, Price has already printed the Strong Bearish Engulfing Candle on Jan 2019 after reacting to the 2017 May's Supply.Feds Dovish Tone and Impulsive move of Gold and Price of USD?CAD reacting to the Origin of supply just don't seem to be the co incidence. As you can see ,Price in Daily , weekly and monthly timeframe ,are perfectly reacting to their...
eventually ,Price has taken out the strong daily and weekly supply area (8100-8499) by the daily Continuation demand pattern (CP) 7882- 7436 which u can spot on my chart.as this level took out the Daily strong supply level,Supply and Demand Rules allows to put buy trade from this CP demand area. most importantly price has certainly consolidated as it neared the...
Price in Monthly Chart had tested the Monthly Demand area printing the long-tailed Hammer which aligns with the trendline from 2016 and 2018 Demand zone. This alone give the strong conviction for Bull run Like wise , Weekly chart perfectly re-aligns being tested the Demand zones which printed the Doji Last week.I expect the weekly112-114 area to be easily...
Price has finally tested the strong untested Weekly and Daily Supply Zone. Percfect setup for counter trade with very small lot.Engulfing bearish candle at the Daily Supply zone indicates the significant imbalance. however, theres still a trendline holding the price supported by the Daily CP demand but it failed to take out the Supply zones .Hence it is more...
Price has finally tested the strong untested Weekly and Daily Supply Zone. Percfect setup for counter trade with very small lot.Engulfing bearish candle at the Daily Supply zone indicates the significant imbalance. however, theres still a trendline holding the price supported by the Daily CP demand but it failed to take out the Supply zones .Hence it is more...
Classic Sell for Gold Now what we see here is COMPRESSION INTO DEMAND. So we see buyers keep buying until price reaches too high for buyers to buy and sellers come into the market. On the 28th of Feb, we saw Gold begin its decline and that is where price is heading to now before it meets its demise and fall once again. Risk to Reward ~6 In my humble opinion,...
As you can see from the chart, the market is in a clear bearish trend and our goal is to look for short entry. Considering that the price has already successfully tested a very good confluence area and made ABC correction, we can enter short position after the break of the counter trend line.
this trade was taken off of the daily TF. Market came back into weekly Supply and pushed back down. Created a lower high shown with the yellow eclipse. This LH pushed hard off resistance creating a bullish engulfing pattern. This is where i waited for the market to retest @ 113.077 With stops above previous high and Take profi at the next daily demand zone @ 110.482
TRADE ENTRY TRIGGERED ON FRIDAY ....PRICE RETRACED TO LEVEL OF ENTRY...... NOW WE WAIT AND SEE WHAT PRICE TELLS US - LOOKING FOR A STRONG NEW HIGH TO ENABLE SL MOVE