Just a quick update. We got the retest of the trend line! Silver went slightly beyond my target price and has formed a Dragonfly/Hammer Doji. I'm no longer in the short trade. Look to see how often on the daily the long tailed Doji candles play out to the upside. Price action candle types helping us anticipate changes. I'm still short inclined and I will wait to...
as we can see, gold has formed our Heikin-Ashi system, the doji formed a few days earlier however a long now is still a good
trade. this looks like a turning point after a long daily downtrend.
I advise risking 2 % of your capital on this trade
the price has broken major support levels meaning that a big move down is likely. however a retrace is also showing on the Heikin-Ashi which means there is a quick long opportunity before the short. the stochastic is still oversold and will potentially reach the overbought area before the price starts to move down. this is an ideal situation to increase your...
Study of MACD (Source: HI, CL, LO) when Histogram <0 1st Rule=When all 3 rising. 2nd Rule=When rally just a retrace from previous high. 3rd Rule=belief this rally just a retrace. NOT ADVICE. DYOR.
WAIT FOR A CONFIRMATION BEFORE ENTRY, PRICE STILL IMPULSIVE.
As we can see price is forming a series of higher highs and higher lows, we are also respecting this ascending TL which is currently being tested as support along with the 78.6 fib level. If these two confluences holdout I am waiting for a confirmation to go long (e.g a candlestick that closes above the...
Potential to trade the bullish AUDUSD major pair should price break the indecision doji candle positioned on the 50% Fibonacci area of value following a recent period of retracement. Possible 1:3 risk to reward ratio should price reach the 100% Fibonacci extension level.
Nice little rising wedge forming with resistance around 1.28477, also candles are weakening at the top of the wedge.
Would wait to see if it breaks the resistance although I think it will.
