FrdsismailFX

FrdsismailFX Updated 

HEY GUYS. HERE IS MY SIMPLE VIEW ON GOLD. PLEASE BE CAREFUL WHEN TRADING. MAKE USE OF SMALLEST SL.

FrdsismailFX

HEY GUYS. TODAY I MAKE NEW ANALYSIS. ONLY ON TECHNICAL FACTOR ONLY. MY MAIN STRATEGY IS IDENTIFYING THE DIRECTION AND USING SUPPORT AND RESISTANCE. ON H4 TF. THE MOVEMENT IS FROM HIGHER HIGH --> LOWER LOW (LL) --> THEN MAKING NEW LOWER HIGH --> THEN NEW LOWER LOW (LL). BASED ON THE MOVEMENT, I CONCLUDE THAT THE CURRENT DIRECTION IS DOWNTREND. THE DOWNTREND IS...

FrdsismailFX

This is continuation of chart i made on 10Dec, and Updated 20Dec. Last night i was so surprised to see movement of gold plunge 450pips because i didn't aware of the news. Fortunately, the price didnt make a breakout on 1873 on H4 timeframe which i was using to analyse. So, since no breakout happen yesterday, my view still bullish. For those who set BE yesterday...

FrdsismailFX Updated 

Blue horizontal line is monthly resistance level. From my view, to break monthly resistance, the pair need more momentum such as news or stimulus. Thus since this week no news about AUD pair, i will short this pair with SL 70pips if entry now. Green is H4 structure and it a good point to retest before the momentum to break monthly structure. That's all for...

FrdsismailFX Updated 

From my point of view, the pattern complete 5 wave of elliot. There is a high chance for retracement according to fibonacci. I prepare 3 Take profit point as a guide. Stop Loss for this setup only 50-60 pips depending on your account risk management. P/S: Forex is highly volatile so please remember to manage your risk all the time.

FrdsismailFX

this post is banned before. but it follow my direction and analysis. wait for the retest before entry. i suggest entry at black line with open SL about 100pips.

FrdsismailFX

its all described in the chart itself.

FrdsismailFX

SIMPLE HEAD AND SHOULDER PATTERN WHICH INDICATE REVERSAL IN TREND. THERE IS ALSO SPINNING TOP(CORRECT ME IF I'M WRONG ABOUT CANDLE NAME) AT THE HEAD OF THE FORMATION. IN MY OPINION, I'M LOOKING FOR OPPORTUNITY FOR A LONG SELL. THERE IS A FRESH SNR ZONE IN THE DAILY TIMEFRAME. PRICE WILL TEST THE ZONE SOONER. BY LOOKING AT H4 ZONE. THE PRICE FAIL TO BREAK THE PREVIOUS HH.

FrdsismailFX

From my point of view, in H4 timeframes, the price is making Higher High, Lower High, Higher Low and continuosly making that pattern. In order for the price to go downward anymore than the lowest, it need the momentum to break the current Lower Low. There is also trendline to support my view, which is downtrend trendline. It need to go down first before making...