1. Price form a strong double bottom (just missed!!!!) 2. Price break previous hourly structure high created a new high 3. Wait for the price come back and re-test the resistance as support with wicks rejections will be good opportunities to go long *** It is Friday which might not be a good idea to get in to a trade ***
As you can see, Gold price has broken historical resistant, pass a cup pattern and has a pullback. The next level where we expect it to reach is 2200 in first step (2.618 FE and channel middle line)
On the higher timeframes (4h downwards rally) On the 1hour consolidating. On 15/30min waiting for entry point on the retest from te previous resistance + trend bounce. This is my thought proces of what could happen. (the arrows are rough estimation)
Can anyone convince me why an indicator other than price should be used? I mean when CLEAR support/resistance is broken and retested, it just works very often. And if risk is being strictly controlled then how simple can it really be?
Looking for price action. Whether it be a buy or sell, as long as it follows the confirmations Break the zone 1-hour time frame Retest the zone on 1hr time frame 30min candle in the confirmed direction Potential Buy Entry EP 0.90267 SL 0.89604 TP1 0.90920 TP2 0.91643 Potential Sell Entry EP 0.88264 SL 0.88819 TP1 0.87736 TP2 0.87314
Confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or...
But signal is marked as nuetral TPS are marked in Green. Waiting for Break and retest on the 1 hour time frame. SL should be 50 pips from entry at least
Several confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of...
Confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or...
confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or...
Several confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of...
Several confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of...