Hello guys, so previous EURUSD has hit 150pip take profit level. Will be now looking for a retracement to trend line and then go for another long position. It is possible to catch a sell now towards that level but patience is most important. If you'd be interested in following my trades message me via telegram @mbdtrading and leave a like.
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If you look back at my first XAUUSD analysis you can see we have been running around 330 pips as well as many other trades running in profit. Couple stop losses. If you'd be interested in following my trades message me via telegram @mbdtrading and leave a like.
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LONG - the reason as to why we may be looking for a long is that we have broken through a resistance, we are looking for a pullback to retest the resistance and look for a bigger push up.
SHORT - the reason as to why we are looking for a short is a possible plain and simple head and shoulder pattern that could potentially be forming which would give a huge push...
I am looking for buys on this pair.
Firstly I am looking for it to come back test the 50% Retracement level with it to test the 4hr trendline as well!. X marks the spot!
Also I wont enter on a candle that is still open I be looking to enter on a close for a bullish hammer or a reversal candlestick to have a better entry with better RR 1:9
Looking at the 4h chart for the last months and every time RSI has been close to 30 or below a new uptrend had started. Price has come back to the main trend and using the 200 MA as a support. So my guess is that the downtrend is done, we shall wait and see.
Clear and Simple!
Cup and Handle pattern spotted on a Daily chart. We place a stop buy order slightly above the upper trendline of the handle.
Always keep in mind that it is a game of probabilities.
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Will be going in long on XAUUSD. Nearly at a key level of support, will be looking for a big push up or a form of re-tracement. Currently sitting on the line of a W pattern as well as a previous inverted head and shoulders pattern. Will be entering now.
Please leave a like and comment - would love to hear your thoughts.
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Here we have EURJPY and here's what I see.
I see a brilliant opportunity to ride the impulsive wave on their to the upside.
The pair has broken the 0.382 fibonacci level and is now making moves to the upside.
I will be looking to long this pair.
Please like and comment on this chart, any questions please do not hesitate to message me on here or...
I'm Bullish on DXY due to the previous break of the downtrend. The market stop hunted and respected the previous low.
Bullish outlook still valid. Market held above 99.20
We will are shorting EURUSD in confluence to the bullish move on DXY as well as a weak EURO . More pips more tricks.
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Following on from my last analysis on bitcoin, I am still expecting a move up to around 8K and that will complete a 3 wave correction on H4. On a lower timeframe you will see a possible 5 wave correction. However, the market currently stuck at a major resistance level and I will not be surprised if we don't end up breaking that resistance at 7K but the structure...
as you can see from my previous upload i had entered around .300 currently sitting at 70 pips profit. Looking for more upwards momentum.
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If you look back at my previous XAUUSD chart, i had entered at 1700. Currently sitting at around 1720-1724. Will be looking for a break in trend and push to the upside.
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