shibunacci - "The more you examine it, the more it begins to make sense and truly astonishes you. 🧐 This observation underscores that the concepts of support and resistance are not static; they evolve dynamically, influenced by various factors, time being a primary one. ⏳ Understanding this can significantly enhance our strategic approach, as it reminds us of the...
Greetings Traders,
Our spotlight is on XAUUSD, where we are actively eyeing a potential buying opportunity around the 2015 zone. As gold trades in an uptrend, it currently finds itself in a correction phase, steadily approaching the trend at the critical 2015 support area. This numerical level carries historical significance, serving as a vital juncture where the...
My trading plan is to buy XAU/USD at the H4 timeframe based on the bullish sequence, with a risk-reward ratio of 1:3.
I'll use a stop-loss order at FE 1.618 + 10 Pips (Spread) and set a take-profit order three times further away from my entry point.
I'll monitor the market for any changes in the bullish sequence or external factors that may affect the price of...
11. 19. 22 This is part 2 of the ES. I think it's very easy to start a trade I'll be on the wrong side of the market if you're not very careful. On Friday, the market had already had its low for the day and the high for the day with many hours left when I found an opportunity to go long when the market was just above its opening price after it has already move...
9.26.21 When markets give you clues...will you see the clue? Dogecoin; Copper Part 1 Part 2 will show a chart of someone who must be following me; there are some things I believe he might be overlooking.
