best entry 100 % correction low risk R:R=1:6 Trade in the direction of the market Godd luck.
With gold selling off it's always worth taking a look at DXY. DXY is good for a reference on possible signs of strength/weakness so we can plan ahead with gold. So taking that into account, it's clear there is enough strength in DXY for the 103.66 level which I had mentioned on July the 24th (Linked idea) after creating support in the 90's
Looking at the 15m and 5m gold timeframe we can see potential scalps going both ways here. Looking to scalp gold on the 5m timeframe, sells are looking a lot more probable for me but I wouldn't shy away from buys if we can see a break of the 1917.653 level, followed by a liquidity grab towards 1915.874.
Curently looking at buys on the 1h timeframe for a scalp, and then further buys should we see gold close above 1920 on the 1h time frame with anticipation of the 4h candle flipping after a bottom wick forming.
4h candle has closed bullish above a key level of support turned resistance, now on the lower timeframes we can look for entries based on price action for liquidity to sweep recent lows and move up above 1932+
Similar to yesterdays trade, we're looking to take another trade testing out this strategy I am working on. If gold 1h candle can close above the purple line 1921.738 then I will have a buy limit set at 1920.259 It is a very circumstantial trade, but that is why I am currently live testing it and keeping journal of them in the form of these posts so that...
Price reacted from our level and we are currently 10 pips in profit so we can move stops to break even and take partial profits here. As mentioned earlier, this was a sample trade as I live test a new strategy I'm currently looking at.
Looking at previous price action, buy limits are set at very key areas of rejection By anticipating price to come and tap these levels we are aiming for very quick 10 pip scalps. Break out of the range to the downside, grab liquidity and ride it back up. Tight risk management is key! This is not a trade I am taking on my personal account, only for live-testing...
Just entered some Gold Buys Reason for buys : Highly oversold Divergence Support formed at 1944 (Detailed Analysis to be added.) Entry Point 1944.28 Stop loss: 1939.99 (50 pips) Take Profit 1 & Stops to entry Point: 1949 (50 pips) 1:1 RR Take Profit 2: 1954 (100 pips) 1:2 RR
Gold is still at all time highs at the moment, so I am still not sure if it will go higher and break the previous month high (PMH)/the monthly high from 3/1/22 again OR break and retest this weekly (W) zone that it is currently playing in and go bearish again. I do know that there is a M liquidity zone + a W B (buy) FVG (fair value gap) right under where price is...
Gold could make a new higher high today, will wait for confirmation of a break, also might see this trade through to NY session. All about patience...
Looking for more potential buys at 1954.68 - normal trading approach. Rejection at 1939.14 caused price to reverse holding support around that area. London preparing to have enough volume for us to breakthrough past over 1954.68. I believe price will have enough momentum to break resistance at 1953.98.
8 pips SL 24 pips TP 1:3 This is short term position, based in the first fvg of the asia range, I would like to see the price looking for the buyside liquidity before doing lower lows in m5/m15 timeframe and looking for bigger buys again in london session.
Gold is currently at all times high on the charts that we have access to, so I do not know if price will continue higher. Looking for price to either continue bullish from where it is OR actually close inside the current D FVG and then continue bullish to take out the previous week high. However the FVG is fully mitigated, so we shall have to wait and see what the...
Looking for price to sell down into the 5/15/30m B FVG (fair value gap) and then buy back up to a minimum of Friday's High (2022.60). Will have to see what price does at market open tomorrow
Currently pair is located in between support and resistance zone. it will not hold for too long and will break as a long trade in future. currency fundamentally also in buying sentiment take your profit at 136.5. Good luck traders FX:USDJPY
Gold has created a 4H sell FVG that price could buy back up to OR break thru. So I will enter a buy into the FVG + for those who know The STRAT see that a failed 2d was created followed by a 2u, which is a double confirmation that price should at least go to the 50% of the FVG.
This is my view on AUDUSD i will look for buys from the flip zone and also eyes on the extreme zone if ii get a 5min choch when mitigated