I'm being reacting on this pair but either way I see a great Risk to Reward ratio so GU is definitely on my watchlist this week.
I will be entering once I get a break outside of this consolidation zone.
Patience will lead to wins on this pair this week.
If you have questions or want more details on how I will be taking my entry, feel free to comment below and...
EURUSD has reached a prominent key level at the 1.20500 midfigure which is also the demand zone
We have seen price consolidate in this area 3 times last month (February)
After the consolidation we saw price return to the supply zone
We are looking for the same move here. Stop loss was placed below the zone and we will be waiting for price to return to the supply...
I found an entry after price rose above thursdays equal lows and took a small entry for the buy.
A second entry was made when price broke through the key level we previously identified earlier in the week.
The trade was closed when price reached another key level.
Classic Supply and Demand play.
1st entry: +231 pips
2nd entry: +138 pips
Stay tuned for future...
We've reached a key level on 1H timeframe & we are looking for a reversal to the upside
Wait until we get confirmation after bouncing off the key level
Waiting on the RSI to retest the oversold level before entering
We are looking for price to return to fridays highs around the 3935 area
GJ has reached the $144-145 price level
It hasnt been at this level since Feburary 2020
Last time we reached this level price rejected and fell to create an all time low
From the 1H perspective we can see there is a liquidity void that could be filled & that is the move I'll be looking for.
Buyers are finding resistance at this zone & price is now...
We are currently in our indecision zone on NAS and we are waiting to see what it decides it wants to do.
*React dont Predict!*
Even as an index, it still follows market stucture very well. We have identified a key level in the demand area.
We can can see for the last 3 days or so, price being respected in this zone.
Now that price has left the demand area, into...
Gold broke a weekly structure yesterday and is retesting previous lows before returning to the downside toward our demand area.
The doji candle at 1am indicated the retracement may be ending and we're expecting price to break yesterdays low at 1877.9 and continue down to the 1865 area.
According to the stochastic RSI we are overbought which means we will see...
Looking for GU to compete the move to the downside and take profit at the next resistance zone.
Afer the move completes, we will wait for the break and retest of the zone for a buy back up to the supply zone
Following market structure we have been marking up daily highs and lows and watching price action to find our trade ideas.
Yesterday's analysis ended in a Loss because we traded against the trend. We entered a sell when price is clearly showing bullish strength.
Currently we see price resisting previous highs from last week. We drew our Fibonacci from the daily...