sherifmesseha

sherifmesseha

wait until the price breach the support line and retested it then i will take a short trade and my target at 0.6650. with reward ratio 3. i have tried to take chance form powerful of USD currency.

sherifmesseha

as we see the price breached the support zone and it will reach the second support zone at 11880. i will take long trade and the target at 12200. with 4 reward ratio.

sherifmesseha

we are waiting for the FED's coming meeting on 02/11/2022 and my analysis depending on hike interest rate for 75 base points and I think the market started to pricing. so from the 6H timeframe the price reached to the demand zone level despite of broken uptrend. so the USD is starting to get its power back.

sherifmesseha

please noted that the first BOJ's intervention was on 22/9/2000 and the next was 21/10/2022 it is a month without any intervention from BOJ and they announced that they are keeping ease Monterey policy for a while at least on month as mentioned. so according to main uptrend the price expected to reach level 155. RRR 1:4.

sherifmesseha

the main trend is downtrend and it has formed many of supply zones but i have concentrated on fresh and good supply zones so, in 6 hours time frame i found this supply zone and i hope it works to make good reward with small risk. just following main trend and fundamental analysis. it is expected the market priced before announce of interest rate by the Fed.

sherifmesseha

the gold would be going to 4H demand zone at price 1585 after sideways movements on 1H time frame.

sherifmesseha

4H supply zone overlapping with daily supply zone, the main trend is downtrend

sherifmesseha

Just wait the price move to reach monthly demand zone that is overlapping with weekly and daily demand zone at the price that mentioned on the chart 67.36 and 64.90 so I will put Buy-limit position with RRR1:3. it just need you to be patience

sherifmesseha

the mean trend is uptrend and the market in sideways so, the probability the price rise is good.

sherifmesseha

the price moving in sideways waiting for the FED's decision about interest rate.

sherifmesseha

note that the price is running through side ways and the main trend is downtrend so the opportunity to break the demand zone is big.

sherifmesseha

in case the price will go back to level 1730 I think it will be good opportunity to take a sell position. * advice ( keep watching with no act until the market come to your trap )

sherifmesseha

according to main downtrend there is good trade at 1H supply zone with good risk reward. it just need a patience

sherifmesseha Updated 

short trade according to 1H supply zone and the target at 0.9915

sherifmesseha

4H Demand Zone that is overlapping with Weekly Demand Zone. it will take long time to get the target. just teach yourself to be patience

sherifmesseha

4H Supply Zone but just wait for take a sell limit with small risk and huge reward

sherifmesseha Updated 

wait to price reach the supply zone of 12H time frame and the target is demand zone of weekly time frame. the trade is swing trade with RRR 1:9

sherifmesseha

short position according weekly downtrend and daily supply zone.