Gold prices maintained gradual gains, supported by data PMI that was lower than estimates. In Europe, gold continued to increase from $2,119 to $2,140 and then decreased again and is at the $2,128 version. Precious metals continue to be supported by recent US economic data, but the market is still waiting for the JOLTS jobs report and Fed Chairman Powell's hearing...
Options / breakdown for planned ahead buy trade based on London volume and extension of HTF current directional session bias.
LTF Targetability left as max session targets.
Further details for improvements can be seen on 5m chart as explained in diagram.
GBPCAD Update: Price broke support @ 1.69770 and made a beautiful retest and is now breaking Target 1 @ 1.69197 (53pips) from support. Price is now on its way to Target 2 @ 1.68428 (129pips) from Support. boolscript.com
GBPCAD Bearish Crab formation after a Bullish Deep Crab on a H4 chart with Type II retracement. We would want price to close below Support @ 1.69770 before opening a bullish position.
GBPJPY Live trade taken during our session. As explained on chart.
Full theory / breakdown recorded live during our session on YT
As explained on chart.
FX:GBPJPY
4 HOUR
Lot Size .05
Entry: 147.662
Stop Loss: 147.943
Target: 146.646
Entered this trade around 7:30am and price has been ranging since. Seems like it waiting for news to come out which is due in around 1 hour and 20 minutes.
Undecided about closing position because I have a small lot size and price has never really substaintly broken and...
Short FX:AUDCAD based on rejection of 1 hour resistance zone and what looks like a possible pull back off the hour hour market structure.
Details:
Short Entry @ 0.95119
Stop @ 0.95269 (15 Pips) Also have a 15 Pip Trailing Stop Set.
Initial Take Profit @ 0.94808
Lot Size: 10k
Opening Account Value $165.00
4 Hour
1 Hour
30 Min
Just a newbie trader whos...
