XAUUSD has been a pretty downtrend, since the break out at 1305.00.
Structure has not indicate a reversal, and is coming into contact with a weekly inside bar break out supply zone. I would hunt for short entries with stop loss at 1219.00. I would enter with a reversal candle, at least at a H4 time frame. There are a lot of selling pressure for XAUUSD, 1226.00,...
110.000 has present itself as a sentimental support level. Price has a good rebound, and I would love to position long setups. However, as a professional trader, the correct step to take is to wait for retracement, and buy at a lower price. Don't chase the price now. Why buy now when you can buy cheaper, right?
How to know when is the right time to go in? Look...
Who's like me who's confused of the current direction of EURUSD.
As a trend trader, I am interested into shorting the EURUSD because in weekly time frame, EURUSD has been a pretty decent downtrend. Current pullback is strong, however after Jerome Powell's speech on Friday, price couldn't go any higher than 1.16400. I see an opportunity to sell, and put my stop...
Since breaking out from the triangle wedge form at a weekly support, traders have chosen the direction for USDJPY.
I would only be interested in positioning buy trades at the zones I've mapped out above.
Trade with smaller lots as trades go higher to reach 112.200, as it goes to challenge the daily supply area.
USDJPY has reached a important demand level, where it breaks out from a weekly triangle.
A lot of traders would see this as a buy opportunity, it is the same for me as well.
However, what makes a good entry, and what is a good place to put stop loss?
Last week's momentum tells us that sellers are still in control, current price level does not seem to be a good...
GBPUSD There're buy orders coming from the H4 demand area. I would take a low buy action for GBPUSD until TP1 and TP2.
TP2 is a supply area coming from weekly time frame. Suggest to go in with decreasing lot size as it approaches TP2.
Price is showing rejections after hitting a monthly resistance zone.
Expect to see strong buy orders at 93.50 - 94.00 due to it still being an uptrend.
I would expect to buy at 93.50 - 94.00 if sellers momentum turns weak, and buyers orders start to show at the lower time frame.
I would expect to sell if sellers momentum continues to become strong. It will...
Short term form supply zone, Sell! Long term, Buy.
Weekly candle closed extremely bearish.
It is not a smart move to enter any positions right now until Daily candle closed with a bullish reversal candle. A pin bar at 110.900 area would be ideal. I am inclined to do buy because of its Daily uptrend structure.
Current sell orders are from a monthly zones. It...
A 1000 points pull back from a major down leg since July 9.
My trading plan is to wait for a chance to sell XAUUSD at a high price, possibly 1242.00.
H1 has an uptrend structure. When H1 has broke its structure, it's a good sign to enter sell and hold for a longer term because D1 is a downtrend.
In the short term, it is good to find opportunity to buy in...
Looking for buying opportunities, preferably at 1246.74, but current price 1252.24 seems like a strong support for XAUUSD. Would enter if price shows buying signal.
Disclaimer: Would enter XAUUSD in real time. My analysis is based on XAUUSD has broken 4h downtrend structure. DXY is looking bearish, which proves a weaken USD. Drawn support levels,...
W: Shows rejection at 95.00, 95.50. Undergo retracement.
D: Closed bearish with momentum to the downside. Challenge 93.00
H4: Broke neckline. Interested to do short USD pairs if price retrace back to 94.20. TP1 at 93.40
Not recommended to enter at current closing price, 93.96.
Depending on momentum of a candle stick, we can see that 94.50 neckline has been...
I would be interested to enter a long position if price retrace back to 0.73625-0.73493 zones.
SL will be under W1 pin bar. (0.73105)
Disclaimer:- am not predicting the market. The zones drawn are areas where I am interested to place my positions. Zones are drawn based on my understanding of supply and demand, trend lines from higher time frame with...
- D1 maintains downtrend structure.
- If price break 1.33000, it means sell positions at 1.33000 are closed. It means a retracement at a H4 structure, and will test 1.34000.
- Current retracement wave at 1.31000 can be read as big players taking profits.
- Challenging resistance 1.32221
- Challenging resistance 1.33000
- Watch out price action at 1.33000 and...
Look for sell signals at 1259.91.
Current bullish retracement can be treated as Bank players taking some profits off their sell trades.
Would choose to enter sell position at 1259.91 instead of buy position at the moment.
Price shows rejection, nearing Monthly demand zone.
Price again shows rejection at Daily 0.618.
H4 closed with buyers coming in.
Would look for opportunity to buy.
Would be interested to do sell when price reached 129.400, because its a H4 supply area.
Mo:- Ranging. At high price. Closed bearish with buy wick