Madtradex

Madtradex

Yo Traders, Pretty basic strategy here to gain some pips. As you can see Support and Resistance on 4HR TF Price has broken through the support and retesting. Looking for price to move down to the next level of support to take profits. Please like, support and comment Thanks Madtradex

Madtradex

YO TRADERS, Gold has formed a symmetrical triangle on the 4H TF and broken through it. With the US dollar being weak it is expected that Gold will move up. Looking for retest and then enter long in this trade and see if we can break the top. Please like, comment and share your thoughts. Any feedback is welcome Thanks Madtradex

Madtradex

YO Traders, Gold is forming a triangle pattern on the 4HR TF. Expecting the price to move upside to touch the trend line and then move towards the downward direction to break the triangle pattern. If the price breaks trend line at top and retest then we will see upward movement. But from the outlook it seems that gold is in a corrective pattern and hence will...

Madtradex

Yo traders, AUD/ JPY has moved perfectly rejecting resistance as expected and moving lower as predicted on Aug 16 chart posted here. I am presently expecting it to break the support and move lower next week. As you can see on daily TF and 4HR as marked on the chart it has formed an Elliot wave pattern (ascending bottom rising). Has already moved past the...

Madtradex Updated 

Yo traders, AJ has been in a good uptrend and in need of a correction. Presently expecting it to retest the resistance and then move down towards support . Lets wait and watch Please like and support. Share and comment as any feedback is welcome Thanks Madtradex

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Madtradex

YO TRADERS, This is just an educational post. Just thought of sharing how this HnS pattern formed and moved in the direction as expected. The video recorded is self explanatory on the formation of the pattern (Left shoulder - Head - Right Shoulder) formed between 3rd June 2020 and 11th June 2020. As you can see in the video this is perfect HnS pattern forming...

Madtradex

Yo traders, We saw a drop in gold yesterday. Gold presently forming a inverted cup and handle. The setup is still not complete. Looking for clear breakout before taking my position. Please like share and comment for any feedback Thanks Madtradex

Madtradex

YO Traders, GA has been in a corrective wave moving between support and resistance. Expecting price to now move towards support and then Up again going long. Hope to catch the swing and expect to break the resistance level on 4Hr TF. Lets wait and watch Please like and support and comment and share your ideas. Thanks Madtradex

Madtradex

Yo traders, EN looks bullish at the moment after forming a double bottom and presently in good upmove. Expecting to move slightly more till resistance and if the resistance holds will look for corrective down wave. Lets wait and watch how this turns out. Please like and support and comment and share your ideas. Thanks Madtradex

Madtradex

Yo Traders, For AN its been a good upmove. Presently the RSI looks in the overbought region and divergence has formed twice as seen in the indicator but price did not break through trend line to reverse or make a correction. Expecting the price to make a correction to the support and then continue to move up again continuing the momentum Please like and support...

Madtradex

YO Traders, EJ looks for a move towards support line. Might have a small upmove testing resistance again and then expecting to move down. Alternatively, if it breaks the top there may be a retest before reaching next level of resistance. Please like and comment if you have similar ideas. Any feedback is welcome.

Madtradex

Hey Guys, Presently expecting GJ to move down as its touching a strong resistance zone going all the way back till Oct 2019 and more recent highs too. Expecting to make a small correction before moving back to support.

Madtradex

Hey Guys, Gold looks to be correcting at the moment after sharp downmove last week. Need to wait and watch how this is moving. Presently has touched the 50% Fib retracement and still correcting. Possible upmove for short term before moving down again if it continues last week trend with support at 1815. Lets wait and watch for this Please share your thoughts...

Madtradex

Hey Guys, UJ seems to respecting the support marked in the chart and moving towards the resistance. Expecting markets to go long till resistance and then back down again correctively to move up more. Please share your thoughts and like and support if you agree.

Madtradex

Hey Guys, Expecting a small upmove before it moves downward. There is a resistance at 0.7182 and expecting to move downward if it holds else price would find resistance 0.72373 to then move down. Lets see how this moves in order to get into the trade. Please share your thoughts and like and support if you agree.