AgoMercy

AgoMercy Updated 

The pair is now trading at a supply area and it can be convenient to sell. Trade small and protect your capital.

AgoMercy Updated 

(I am posting this only today but the trade setup is from last night) GBPNZD has been trading in a range for the last month and globally is now trading at a historically high price (last time it was in this area was during covid 19 - general market turmoil) There was a good opportunity to sell at market open with a Risk Reward Ration of 1:3.3. You can either...

AgoMercy Updated 

GOLD SELL at PRICE 1955 - STOP LOSS at 1965 - TAKE PROFIT at 1928 For this trade I am applying Wyckoff model. Indeed, we are now in a distribution area after a market mark-up. A distribution is followed by a mark-down. That's why I am short. Thank you

AgoMercy Updated 

The market is Bearish. Price could be rejected at level 0.236 of Fibonacci where is trading now. Good opportunity to Sell. Risk Reward Ratio: 2.4 Trade wisely! Thank you

AgoMercy Updated 

A retracement is a minor pullback or change in the direction of a financial instrument or Retracement happens when the price reverses near the pivot points of support and resistance levels. Indeed I am going against the Daily bullish trend. Stop loss obviously placed slightly above the resistance, and take profit slightly before the support. Thank you #agofx #gbpusd

AgoMercy

As per our strategy Gold is still bullish. We are now at support area (purple rectangle). BUY GOLD NOW (1987.00) STOP LOSS (1980.00) TAKE PROFIT (2004.00) Trade wisely at your own risk! Thank you.

AgoMercy

The Daily Chart is Bullish. Gold now touching the ascending Trend Line (orange color), good opportunity to buy. Signal invalid if price penetrates the blue triangle structure OR you can either choose to re-enter market a second time when price touches the lower triangle side(in this case place stop loss accordingly to the price). Take profit at 2030 (higher high)...

AgoMercy Updated 

The break of the triangle structure will give us the opportunity for a buy or a sell trade, depending on the direction of the break. Price will continue to bounce on the sides until this will happen. With the easing of the market conditions after the past weeks storm created by SVB bank situation, Credit Suisse, etc, and the fact that we are at a very high price,...

AgoMercy

XAUUSD touch MA20 level in a BEARISH MARKET. This gives us a short entry opportunity. Thank you.

AgoMercy Updated 

The pair is about to reach an important Resistance area (purple rectangle) that indeed was previously a Support. On this level bears already showed powers on Wed 22 February (rejection of price at 1.95407). For these reasons we can set a Sell Limit order at 1.95300 with Stop Loss at 1.962 (too often tight stop losses and quick false breakouts of resistances...

AgoMercy

Double top formation in a established bearish market gives us an opportunity around price 1827.5. Wait for confirmation after the penetration of the yellow dotted line. The purple rectangle is a previous area of Support that is now our Resistance. Take profit on the pink descending Trend line. Thank You. XAUUSD SELL: 1827.5 STOP LOSS: 1830.5 TAKE PROFIT: 1822.0...

AgoMercy Updated 

Being bearish on the daily chart I have identified the resistance area that is a previous support (purple rectangle). That is why I can enter the market now with a short position.

AgoMercy

After a breakout in one direction of a flag formation, the return to the opposite end can be used as a signal of a price reversal, and by implications for placing stops. Trading opportunity NOW! Sell Gold at Market 1855.75 Stop Loss: 1874 Take Profit: Let profit run Risk Management based on your account balance. This is not financial advice and I’m not...

AgoMercy

I have identified a triangle structure on the pair that is now getting closer to the last corner. The key consideration is the direction of the breakout from the triangle that will allow us to have a trade opportunity soon (maximum waiting time: 5 trading days). If it breaks the upper side we can enter the market with a BUY TRADE, while if it breaks the lower side...