hello fellow traders. Are you still confused about the price action of gold, curiosity of what is going to happen next let me give you two possible scenarios i have marked on the chart currently price action is moving sideways in a range and alot of new traders will panic here , worlds best traders love to play in sideways market by placing pending orders...
previous movements : Eur/usd was perfectly playing bearish parallel channel and printing lower highs and lower lows befpre that we can see a minor double top with weak divergence within range lows and range highs.which is actually distribution phase after that we can see beautiful potienial lower highs and lower lows current movement: my fellow traders can see...
all the details are written on chart strong divergence on 4h time frame and rising wedge reversal pattren indicates the price wo down as of now we can see resistance area 14570 to 14600 nasdaq will be bearish
long position entry 1944 stop loss 1934 tp 1954 short positions i have placed sell limits at 1958 1957 1956 1955 sl 1968 tp 1928- 1927- 1926
eurusd tested its support level bullish divergence at 4h timeframe daily timeframe is bullush descending channel because of divergence tp and sl is defined on chart
sell stop 1.09707 tp1 tp 2 defined TECHNICAL ANALYSIS divergence spotted at the top indicates possible trend reversal right now and projections were made because of previous bulish rally formed a long rising wedge and RSI backed up reversal pattren with clear divergence above 70 level PLUS THERE IS A CLEAR DOUBLE TOP ALSO :)
analysis on weekly closing of gold lets see it can be wrong if there is any news involved on monday
entry price - sell stop @ 1.23899 sl @ 1.25248 tp@ 1.22607
entry price buy stop @ 253.22 stop loss @ 276.12 tp 1@ 240.50 tp 2 @ 228.20
technical analysis 1-DIVERGENCE FOUND O NZD/AUD 2-i am not going trade at this price using sell stop pending order to maximize wiining chances 3-rising wedge idicates their will be bearish trend reversal 4-waiting for rising wedge to breakout TRADE PLAN-SELL (SELL STOP) ENTRY PRICE 0.93147 SL .93669 TP 0.92606
TRADE PLAN (short) SELL STOP @ 1.60618 SL :1.62495 TP:1.58802 waiting for support to breakout pending order will be executed
I OPENED THIS TRADE FOR 2 HOURS ONLY AND CLOSED IT BECAUSE IT RETESTED ITS 3RD SUPPORT LEVEL risk was higher because i knew it after its new hh of bullish trend their will be price drop for new HLand i opened short trade. after waiting for two hurs almost gbp/jpy re-rested its support 3 level - 162.139 and bounced back and booked 76 dollars profit SO, WHATS...
CAUTION :ITS NOT AN FINANCIAL ADVICE ( NEWS ) FROM ADAM CHOCHRAN TWITTER ACCOUNT good comparable for DIC recovery process -entity got 62% of balances paid out right away under FDIC advanced dividend process and final payment had recovered 94% usdc also got stable on its 1 dollar peg LONG TERM ANALYSIS btc broke its r1 and moving...
LONG: MARKET EXECUTION ENTRY :1.05561 SL :1.05374 TP :1.05761 RISK :1% PROFIT:96$ technical analysis : green candle retested 1.05482 (fib retracement level -( 0.618) and closed at 1.0557 and another green candle with a wick formed after tp hit as a new hh after declining phase euro/usd priting hh and hl movement for a time being according to my analysis its...
TRADE 1 LONG: MARKET EXECUTION ENTRY 1 @ 0.90945 SL : 0.90640 RISK :0.5 ORDER CLOSED : 0.91192 PROFIT : 89.50$ TRADE 2 LONG: BUY LIMIT ENTRY 2: 0.91100 SL:0.90842 TP: 0.91369 RISK:0.5% ESTIMATED PROFIT: 110 USD technical analysis aud cad BULLISH TREND REVERSAL MIGHT BE AT 0.91751 but its a situation for trades meanwhile bulls are in the market after...
LONG POSITION 2 TRADES WITH NO TP LONG TIME TRADE ENTRY 1,18648 & 1.18517 SL 1.18300 RISK 2% & 1% if you are wondering why i took the trade at a wrong entry level because it will be the trend reverseal just i have be patient its along term trade for more than 1 week so lets see how market reacts in december 2022 and january 6 friday gbp usd brokeits...
todays analysis on euro/usd trend reversal : bearish to bullish bullish candle sticks chart pattrens 1: tweezers bottom 2:bullish counter attack/ three white soilders entered: 1.05873 SL; breakeven risk: 2% lot size : 0.31 trade plan without tp
trade strategy LOT SIZE : 0.10 BUY LIMIT : 1.20250 SL: 1.19180 TP: 1.21250 RISK : 1% on next projected hl i will enter in rally