RoyalDiamonds

RoyalDiamonds

The market is in a downtrend. Hence looking forward to sell at the horizontal orange line if a bearish 15M candlestick pattern is formed there. However a break above these area is possible, I will only be looking for a buy at the break and retest of the Blue rectangle.

RoyalDiamonds

on the M15. I see a bearish trend a symetrical triangle. and when price returns to the circle of the symmetry and gives a bearish candlestick, which turns to be my hird confluence, itake a short.to the target however, a symmetric triangle can break to the up or down side, hence a more confirmative trade will be to wait to break the triangle and take the...

RoyalDiamonds

Hi, Why do most traders shy away from some good currencies and concetrate on gold despite how volatile and devastating can be? However, EURJPY Confluence 1: bullish trend (HH/HL on D1 and H4) Confluence 2: Divergence on H1 Confluence 3: Bulllish candlestick on H1, and Pin bar on H4 Confluence 4: 50SMA supports bullish momentum on D1. and if it doesnt workout, its...

RoyalDiamonds Updated 

Its been awhile. Here is just my perspective. Not a Financial advice. BUY ENTRY between 1861 to 1865 Confluence 1: D1 bullish pin bar candle stick Confluence 2: Divergence on H4 timeframe Confluence 3: Not yet fully confirmed a short buy First TP: 1885 to 1889 Second TP: 1910 to 1916 SL: 1842

RoyalDiamonds

Note Not a financial advise. just a personal perspective XAUUSD is in a bearish channel, at a significant resistance area. if price breaks below the support and the bullish trendline, a retest of the support now resistance as well as the bullish trendline will be needed, preferably the 61.8% fibonacci level.

RoyalDiamonds

My simple and humble view TREND/STRUCTURE: Downtrend FIBONACCI LEVEL: 50% BEASH CANDLESTICK ON H1 PRICET KEY TRENDLINE RESISTANCE ZONE/AREA TP A1,2, 3 AND SL ON CHART

RoyalDiamonds

Hi everyone, its been awhile here. here are the probable setup to expect from XAUUSD. Pure price action. XAUUSD in a downtrend channel, hence we just wanna be looking for sells. However if price breaks above upper channel trendline, we wait for confirmations that it wont break back in and confirmation for continuation to the upside. using supply and demand...

RoyalDiamonds

Hi traders As we all know, NFP comes up later today. trade safely Here is how I arrive at my signal to buy or to sell. Add yours, help improve first, on the H4 time frame, I look for my trend. once I'm able to identify the trend on H4, i draw my trend line as well as a channel that works with it. if no channel is found then I concentrate 0n my trend and trend...

RoyalDiamonds

Ok, trading with technical analysis could be stressful, but sometimesits beautiful and fun. At least in most cases you have an idea of where the market is going and where your stop loss most likely should be. However, that isn't the case with fundamental analysis. And thats where i need some help. i do not intend to trade fundamentally, but i do need help on how...

RoyalDiamonds

Some profits made, from tagged ideas Pointers: always breakeven at H1 resistence or support level when price are in profits in case it needs to retrace or change directions. Remember, trading is about probabilities, patience and discipline. We can only get better from here on

RoyalDiamonds

as stated in the tagged published idea. however I'm expecting price to reach the h4 Fibonacci level, combined with a H4 bearish candle pattern (pin bar, bearish engulfing, tweezer top, doji etc, tp take my sell

RoyalDiamonds

Here is the position i'll be looking out for between Monday and Tuesday. Except if fundamentals say otherwise as there are too many high impact news for this week, and only Tuesday is safe for a technical trader. trade safely.

RoyalDiamonds Updated 

I'm sorry about the initialy published idea today i missed on checking on mydaily time frame for reversals of trend which was what happend, confluence 1: bullish trend confluence 2: 78.6% fib retracement on h1 confluence 3: bullish inside bar on h1 however, GDP growth QoQ, jobless claim and other news to be released in 1h 25mins from now. hence all trades shold...

RoyalDiamonds

All cofluence in the in tagged link. however confluence 2 is 61.8% fib level

RoyalDiamonds

Here is the idea confluence 1: bearish Confluence 2: 50.0% Fib retracement level confluence3: bearcandlevto confirm continuation of bearish

RoyalDiamonds

Price at a suppoer trendline previous day candlestic bullish Pin bar on h4 bullish pin bar on h1 as well 61.8% fib level retracement what more do we need. target 1782 SL 1766

RoyalDiamonds

From my perspective and observation from D1 TF, we are in an uptrend. Hence we patiently wait for a retracement to alittle below 61.8% fib level before taking our buys., Happy trading.

RoyalDiamonds Updated 

I am an intraday trader. hence i always break even atH1 or H4 support or resistance level, because certainty that trades will reach target isnt certain. a break above the vertical line will confirm our bull run.