Gold analysis. For me im looking or QM pattern and there is a few setup i have to wait before i engage in a trade.
wait for engulfing pattern. make sure order of demand has been fullfilled. if it isnt my advice just let it go. cause when you want to short but you see the demand is building but didnt taken by price .
This is analysis on EURGBP. im biased to short. im using
1. TRENDLINE
2. IDENTIFY BREAKOUT
3. WAIT FOR PRICE RETRACE
4. REACT FOR PRICE ACTION
5. FIND ENTRY, STOP LOSS, TAKEPROFIT
This is analysis using SnR strategy as they say, we wait for a breakout in higher timeframe and wait for a retracement or retest or correction pattern. Then when candlestick close we entry. But, Take care of your money management and make sure you make a tight risk to reward management.
For take profit you can use fibo and mark 0.50 area or half the fibo area,...
This is from my analysis. There is a flag limit pattern and from my observation most flag limit is the change key from
DROP BASE DROP to
RALLY BASE DROP
Here is gold analysis for intraday trading or swing. please make sure you wait until candle close.
Please make sure Supply zone dont break the high. if the price reject and break high then price is invalid for short selling.
make sure you follow me on instagram @zufarfawwazz
This drawing is to help me identify area that i will be traded for my short position. im sharing this just for fun. disclaimer , this is for education purpose only any trade you take is at your own risk. make sure you watch your capital and make your analysis very carefull. thank you mwah xoxo
