Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 After the simpe monthly break and retest and also a retest of the 0.382 monthly fibonacci retracement Gold perfectly created the bullish continuation towards the upside and I do expect new all time highs on Gold in...
Aim for 5-8%. It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. Take trade if all...
I Only Risk 1% On Each Trade What Lot Size You Use Matters And Where Your SL Is Matters Too. Here Is The Link To My Position Size Calculator www.myfxbook.com
Part 3 I Go Into Why I Use The 1000 Ma For My Strategy As Well With All My Confluences.
Hello everyone, here is the top-down analysis for CHFJPY, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
on DAILY: NZDUSD is sitting around our upper brown rejection trendline and supply zone in green so we will be looking for objective sell setups on lower timeframes. on H1: NZDUSD is forming a channel in red but it is not valid yet so we are waiting for a third swing to form around our lower red trendline to consider it valid and enter sell on its break...
on DAILY: EURCHF is sitting around support so we will be looking for objective buy setups on lower timeframes. on H1: EURCHF is forming a channel in red but it is not valid yet, so we are waiting for a third swing to form around our upper red trendline to consider it our last swing and then enter on its break upward. we also have a regular bullish divergence...
on DAILY: USDCZK is sitting around a strong support zone so we will be looking for objective buy setups on lower timeframes. on H1: USDCZK is currently forming a wedge pattern (not valid yet) so we are waiting for a new swing to form around our upper trendline to consider it valid and then enter on its break upward. we also have a regular bullish divergence...
on WEEKLY: NZDCAD is currently sitting inside a resistance zone so we will be looking for objective sell setups on lower timeframes. on M30: NZDCAD is forming a head and shoulders pattern (still an idea) so we are waiting for the right shoulder to form and then enter on the neckline break downward. meanwhile, NZDCAD would be overall bullish and can still test...