costalui

costalui Updated 

Weekly Structure - Uptrend Daily Structure - Uptrend After gold achieve 1.689,00 we have seen a small correction this tuesday 25th February. The price moved lower creating a small downtrend. If we go to small time frames (15 minutes) we saw that it create a support around 1.633 and have now been broken and re-tested and the last 4 candles on this time frame the...

costalui Updated 

Weekly Structure - Downtrend (The price has been moving lower since 11th Septembver 2017) Daily Structure - Downtrend (We have a clear downtrend until the price reached 0.72500 and then we saw some correction until the price has been rejected (re-test) on 0.74400 after the 1st one on January 22nd. On the 4 hour chart we saw a small uptrend (the correction on the...

costalui Updated 

Weekly Structure - Downtrend Daily Structure - Downtrend You may ask I want to go long when the price is moving lower since the past. Well, After the price hits 1.42750 all the body candles didn't close below this price. If you go to H1 chart, you can see a initial reverse trend and the price starting to go up and forming Higher Highs and Higher Lows. At this...

costalui Updated 

Weekly Structure - Downtrend (The price is moving lower since 01st January 2018) Daily Structure - Uptrend (However Daily trendline has been broken and it's now being re-tested together with another touch on the weekly down trendline (Orange line). On the 4 hour chart we can also see that price has been constantly rejected on 84.500 (8 candles in a row without...

costalui Updated 

Weekly Structure - Uptrend Daily Structure - Uptrend The uptrend on the 4 hour chart is being strong. After a 4 rejection candle on 1.04350 I believe the price will still go up and could reach different targets : TP1 - 1.04750 TP2 - 1.05000 SL - 17 Pips (Few pips below the last week on the Higher low and confluence of 2 trendlines.