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Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Swing Trade: Daily double top. 3 pin rejection of 1.75 zone 1hr/4hr trendline broken
In this screencast I show some of my positions which are mirrored on my live account. I say that blowing up Tradingview paper accounts is a good thing. The present account has not been blown up for about a year, which is much better than before. I used to blow up an paper account every 3 to 6 months before. It's a very safe space to gain experience, to fail...
A doji was formed around a strong resistance line on the 4hr time frame. I am comfortable that a drop will occur and will I hold unto this position until it reaches the 50% Fibonacci line. In which I will conclude if this position has potential to move further down. My stop loss is above the resistance line.
A hammer candle has formed on the Orange trend line (Resistance) which is big indication for it to go down but keep note that Teresa May will be talking about brexit on a Tuesday which will cause this pair to be volatile in either position but for Monday, I can clearly see it go all the way to the purple trend line (Support) if the resistance line does not get...
The trend line (Purple) has been tested twice and and the resistance (Green) that was formed on the the 14th of December was tested and caused a drop on the downside and nearing the trend line. If it breaks through that expect it to hit the 1137.33 levels and if it doesn't breakthrough that and respects the trend line. I will hold the position till it hits the...
Its been in a consolidation for about a week (Due to the holidays), if it breaks on the downside prepare for a sell but keep an eye for any fake breakouts. When I activate my trade. I will hold unto this position till around the 78.6% (0.9396) Fibonacci mark and leave my SL around a few pips above the consolidation pattern.
It had been bearish for more then a week and I witnessed a short term resistance trend line (Orange) forming since yesterday and if it breaks through that expect a rally on the upside and maybe hit last weeks high in the long term. Text in green is my take profit area.
Buying Opportunity - It broke through the 23.6% Fibonacci Line and its heading towards a Long term trend line and if it doesn't breakthrough set up an order for a buy. Take note - Due to the whole situation with the US election, keep an eye on it with great focus.
Selling/Buying Potential - I have left an alert to asses the quality of the previous resistance line (Dotted line), I want to check if it tests it and gets back on the upside or break on the down side to set an entry. P.S - Keep an eye if its breaks or tests in either the 0.50%/0.618% Fibonacci line for a close or to still hold unto the move.
Selling Potential - Its been struggling to break through the 23.6 Fibonacci levels for more then a month. If that level gets tested and broken I can expect it to rally & hit the trend line. Keep a good look at it to check if the breakout is not fake when alert occurs.