The price did fill our buy-stop order in the previous trade setup. Now, the analysis has been refined, and we can see that the price is trying to pull back after hitting the trendline. If this current candle closes and forms a bullish bar, then it's the right time we make a trade decision. Analysis: the price has been respecting the trend line for some time now,...
Looking at the chart above, the price has shown the break of structure out of the range to the upside and went back to retest it. The bullish arrow marker Is pointing at the pin bar candle showing weakness in the bears, and it's engulfed by a bullish engulfing candle, showing strength in the bulls. Note: that trade setup is showing two confluence: 1. The price...
Hello, the GU has reached an extreme point in the market after manipulation has been done. The institutional candle has formed in H1, and the bearish momentum has now surfaced because a bearish engulfing candle has been painted by the market, showing us that there is weakness raging with the bulls. My Bias: strong sell. You can sell now or wait for the H4 candle...
Hello there, now that the price has broken the recent low to the upside (BOS), what will happen next? That is a good question. As you know, the major trendline has been broken to the downside, and the pullback has also occurred. COOL. NOTE : [ b]If you take a look at the H4 timeframe, you will notice that the current candlestick could probably end up forming a...
Hello, I hope you all enjoyed the sweet ride to the downside yesterday. Fine! Today, what next? Will the XAUUSD go up or down? I know most of us are contemplating currently the pair's next direction. Note: no trade for now. Why? It's only because the pair is in an indecision state for now. I mean the accumulation phase. I believe that you know the meaning of...
Hello there again, this is a fresh update on the EU and GU pairs: look at the EU chart above, and you will see that the price is currently at the 50% Fibonacci retracement level and also the psych level, showing rejections. What do you think will happen next? It's a sell. Those small tailed bars are a signal telling you that the bulls will soon be out of this...
Hello, I'm here again. Have you the essence of patience now? NZDUSD has broken out of the trendline. What next? It's a sell trade. Sell it as displayed in the chart above. Put your stop above the resistance and target the next support area. First TP: 0.6156 Second TP: 0.6099
As you can see, the gold is down. But, the warning is that if you have not sold it before, and you want to sell it now, wait patiently, as that breakout could end up being a false breakout. You just have to wait for the price to close below it, then you can take a sell trade decision to join the trend with the big boys in the market. Wait to avoid the bear trap.
Hello traders, I have just placed a trade this morning on the GU, but I'm stopped out, my stop was hit. Maybe you copy the trade, and you have been stopped out too,. Don't worry, you will make your money back soon. This is inevitable in the forex business. Not only in the forex but also in any business. There will be a time for loss, and there will be a time for...
Now, finally, we have seen what we are looking for: break and retest, and a strong bearish tail bar has formed. What next? The market is finally heading back down. Entry: Market Stop Loss: 1.2262 Take Profit: 1. 2191
As said yesterday, we are in the decision market condition, and the price is like preparing for a strong breakout to the upside. There is an 85% probability for this to happen because the GU has already shown this. The major pairs are moving up. Buy it now or wait for the break and retest.
It's a strong buy. But, unh, if you are buying the GU, you have to be very careful about the resistance above, as that is a barrier point where there could be trouble for the market moving smoothly to the upside. Beware of manipulation of the smart money.
Hello there, this is a quick update on the GU. IF YOU REMEMBER, you are warned to wait until the price shows you the next direction. Now, there is a nice bullish pin bar formed in the H1 timeframe, showing the bullish directional movement. What next now? It's a buy.
There is a break of structure in the weekly timeframe showing the downward momentum. A doji candlestick has formed at the key level area, showing an indecision.
Hello traders, I'm here again! What's happening in the world of GOLD now? Currently, the market is down, and the USD is stronger. I hope you see how I mapped out the chart and marked the higher-highs and higher-lows. Now, a change of structure has occurred. Lower-lower has been formed while Lower-higher is yet to be formed, which willreverse after the price...
There is already the break of structure and the price is making lower high and lower low.
Hello there again, USDCAD has shown enough strength by breaking the resistance level to the upside and retesting it. What do you think? It's a buy.
Hello there again, what is happening in the AU market? Unh, technically, the AU is showing weakness against the USD. HOW AND WHY? First, In the chart above, if you open your eyes wide, you will see that the market has started forming the lower high and lower low structure, signaling the downward movement. Second, the break of structure has already taken place....