NDOUOLO

NDOUOLO

- 1W we have a double bottom in formation as we fail to complete the faillure swing pattern (Bullish); - 1D We still waiting for the pullback to complete for this time frame to be align with 1W; - 4H We have a triangle pattern formation: the price can break either high or low. If the price break the trendline of the triangle we Buy at the close of the candle. If...

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- On the weekly and daily time frame, price has rejected a stong support level which is a psychological level $33 000; - Price did break and retest the 4H trendline; - We have a probable inverted Head and Shoulders forming (4H); - Price did reject a 1H support which was the previous resistance level; - Waiting for the break and retest of the HS neckline to go long...

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- The price has broken the $33,250 support level; - We are waiting for the price to retest it or break it; - This level is the previous Lower Low; - Will this level be considered as resistance? - 61.8% of Fibo Retracement is aligned with this zone; - We can consider a probable 3rd touch of the 4H trendline; - This is a psychological level of $33,250. Tomorrow's...

NDOUOLO

We're currently awaiting the complete formation of this inverted head and shoulders. If it does, it's the start of the uptrend on the last support to bring the price into a bearish zone. Patience and risk management.

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As mentioned in the previous trade idea, the price has perfectly rejected the $34,400 zone (hypothesis 2). For the time being, my probabilities on the bullish scenario have increased to 75%-80%. I'm waiting for the price to give me a pullback to my entry point around $34,520, which has a perfect 4H and 15min OB. If not, my next entry point will be in the $34,750...

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Trading is a game of probabilities and patience. My two hypotheses on the US30: 1- If price breaks and retests the $34,400 area to complete the double top, we'll probably see price target $33,800 in the short term and $33,500 in the medium term ; 2- If price bounces back or fails to break the $34,400 level, then the double top will be false and we'll probably...

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Firstly I see similarities between the 2 oranges boxes: fake double top before reversing. If price tank to 34 400 and give sign of bullish momentum BUY Above 35 000 BUY FOMC will be the catalyst. If Fed hold interest rate rate Buy, if hike stay aside of the maket.

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On the weekly timeframe, we can see a faillure then a swing or a Break of Structure (BoS). Everything below the trendline is Sell and above is BUY. Now we waiting for the resistance to confirm (weekly candle to close). Then if everything are alignend No MORE BUY but SELL for the rest of Q2. Adding what happen in Ukraine and between BRICS and G7. See you next week.

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After the brake of the neckline of the head and shoulders pattern, WE CAN SEE A RETEST OF THIS NECKLINE WITH A DOUBLE TOP. This level is also the 0.786 Fibo Retracement. Confluences: - Head and Shoulders - Resistance level - 0.786 Fibo Retracement - 8 EMA - Double Top Enough to call...

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Nice descending triangle tested 3 times. Wating for the break and retest of the next erea to short the market. NB: Must have confirmation before entering the market (double top, engulfing, evenig star,...)

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Due to Ukraine Crisis I see the Gold price going up. As we recently broke the previous high, the idea here is to have a medium pullback at this level; But before the retest, I want to see a bullish induction then grap some liquidity. Multiple wicks rejection will give the buy signal.

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The structure have been violated and now we are on a downtrend. As price is created equal high, I'm waiting for some liquidy grap and the retest at the previous support (already resistance). This level is also the 50% Fibo retracement. Then Short the market.

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In tis pink box we have a clear downtrend: What i'm expecting is the re-test of the previous support marked; Shift down to 15 minutes for entry; Then wait for price action to execute. TP: Must be over the next key level in blue.

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Those two massive monthly candles give us a nice INVERTED HAMMER at a Monthly Resistance; Now we are at a monthly support an Trendline: if the price broke these levels then wait for retest on your entry time frame and Hold.

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Break of the continuation pattern now waiting for the retest of the key area and then find the way to get in. There's always a correction after an impulse move. The best place to enter a trade is at the beginning or in the middle of the impulse.

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Let's plan our week and trade our plan if it goes according to what we see.

NDOUOLO

Inverted head and shoulders on Daily, 4H and 1H timeframe. Find the proper entry that suite you.

NDOUOLO

What the next move? When keep things simple, trading become easy. Enjoy upcoming week.