Silver gave me another L. GOLD - SHORT: Risk Entry; 3rd on a descending channel and about to break out of the correction.
After hours of correction, the price finally breaks out of the descending channel with very high momentum.
My second time trading silver, the first one was an L. Lol 😆 Let's see how it goes. A simple trendline Breakout Strategy. Entry after break of the correction. On the higher Time frame (1H) this whole movement is a Correction/bearish flag.
Clean 200+ pips, what a way to start the month of October. Always catch the impulsive moves and you're good to go. Did you take that trade ?
GJ broke out of an ascending channel inside an ascending channel which is a Correction on the 4H TF
Risk - Entry: Price formed a falling wedge (reversal) pattern on the 1h Timeframe is after retesting a descending channel (reversal pattern.) Entry: a morning star candlestick setup.
Previous trade hit my SL due it being tight and price deciding to form another structure. But we go again at the break of this bearish flag.
Price broke out of an ascending channel and stucked in one place for 6-8 hours after the drop. If price breaks the correction, I'm anticipating it to continue dropping.
GBPJPY SELL STOP: Symmetrical triangle: I'm anticipating the price to break the triangle/correction and continue dropping.
A very Risky Entry 🚫 : Price formed an expanding triangle angle while correcting. Which is a continuation pattern. I'm expecting price to continue dropping
I'm adding a second trade to my last week's trade. The price just broke out of a correction/expanding triangle on the 4H Timeframe. More confluence that the price is going to drop.
I added Entry, Take Profit, and Stop loss for this post. Refer to previous post for More on this. It is a very simple strategy, you just need to practice.
Simple: You wait for the break of trendline/channel signalling a reversal, then wait for the price to make a correctional move and you enter at the break of the correction. Simple! Go and practice it.
Loose the first Trade, but I'm still anticipating the Market to fall. Price formed a double Top pattern and been correcting for a very long time, I'm now anticipating a drop. #riskentry
Gold 🥇 Price continue to drop and made a 3rd touch on a descending trendline and breaks out of a correctional move with high momentum. I'm expecting the price to continue dropping.
After hours of correction, the price breaks out of the correction with high momentum. I'm now expecting the price to drop down to our next dynamic support.
The price is forming a head and shoulder pattern After breaking out of an expanding triangle/ascending channel. A break of correction on the lower Timeframe (15mins) gives me confirmation to enter this trade.
Gold breaks out of a 15mins bearish flag after consolidating/correcting for a very long time