Just realized I did not include my set up from yesterday Here is a recap, Caught TP1 for 40 pips, Second position got closed at 40 pips as well being that gold whipsawed back to entry and SL. Could have got back in and ate another 200 pips but the trading plan said no.
Never have i ever though id trade Gold so here we are! After analyzing the previous week for Gold, Gold was still in a strong bullish market. With this information, heading into the first day of the week, would be the beginning of a good one! Gold formed a new higher high indicating a continuation of a strong bullish market, then later retracing to form a...
broken trend line market structure bullish created HH and HL. looking for a nice push london session
the price is moving in a down trendline making a decent waves. after watching the DXY we can say that this pair will continue to the downside. right now we are in a middle of a retracement preparing the price to go down back again. we will measure the current wave with our Fibonacci tool and be ready around ( 61%, 71%, 78% ) fib levels with any good bearish price...
Gold sell idea. Entry: 2046.30 Stop loss: 2052.50 Take profit: 2020.00 Explanation: Given the outcomes of the Wednesday's Fed and Friday's NFP, Dollar set the bullish sentiment for the month of February. I'll be looking for shorts for the whole month ahead, starting with Monday 2046.30 sell limit. Reason for entry: Retracement from Friday to create a new...
the price has broken the weekly uptrend on the daily time frame, using the fib tool we can see the possible sell trade at the 71%,78% fib level
DXY H8 DXY is currently maintaining its position at the key resistance level of 104, demonstrating resilience at this significant whole number price point. Despite hitting this zone yesterday, we observe a relatively subdued level of market activity. It appears that the markets are in a wait-and-see mode, anticipating a potential surge in trading volume driven...
DXY D1 The dollar has sold off a healthy amount from swing lows to swing highs here, but we are now sitting on a key point of pivot. We could look to trade higher in line with a break of trend as indicated, or lower with a continuation of trend. Sitting on the sideline for the moment until we can see some sort of confirmation confirming either of the above.
DXY D1 We continue to navigate to the southside here with the dollar index. During recent trade and events over the past few weeks. Should we breach the significant 103.000 threshold, our sights are set on the next target at 101.500. Additionally, anticipate a continued upward trajectory for XAUUSD, with all-time highs on the horizon.
AUDUSD has successfully executed an upward breakout, skillfully navigating a retest after surmounting the significant 0.65 threshold—a resistant range that has steadfastly held its ground for a considerable duration. Anticipating a pullback, seizing a buying opportunity within that zone seems prudent. A substantial upside potential beckons from 0.65, stretching...
EURUSD H8 We might not have highlighted this particular trade yesterday, as our attention was primarily on AUD/USD and GBP/USD. It's worth noting that EUR/USD tends to exhibit a pattern more closely aligned with GBP/USD than with AUD/USD. Despite this, we've observed a significant upward spike, and we've identified a promising setup for a new long order. Today's...
Little shy here on US30, and slight adjustments to the zone here, but we are into our sell region, lets see if we can see a bit of a dollar relief rally here.
Drawing from our analysis of this pair in the past few weeks, we have seen this pair show considerable movement in both directions: bullish and bearish, especially on the 1 hour and 4 hour timeframes. With the spike across all USD crosses last Friday, this pair, like all other USD crosses, lost its bearishness and u-turned bullish on the 1 hour and 4 hour...
From our analysis of this pair in the previous weeks, we saw a good amount of bearishness. With the close of last week, this pair witnessed a bullish reversal on the 1 hour and 4 hour timeframes, invalidating our bearish zones and PBs and going all the way into the north. Today, we are beginning to see another round of bearishness. On the 1-hour, the market has...
As we can see, the Aussie dollar has been shorting for quite some time, along with respecting our Technical analysis. Our downtrend has been respecting our resistance trend line and our support structure zone as well, keeping the trend within zone. The prediction here is that we will continue to see sellers in control and to respect our downtrend. Our Stop loss...
HUGE EXHAUSTION CANDLE, BUYERS ARE BACK BABY. This was an amazing trade boys lets keep the good luck rolling.
So yesterday i took a trade on EURUSD,and as every trader took a loss,so lets try to explain why did a loss happen,as said i took a sell because i saw 0.5 fib being respected and rejected,and my entry was good,but as u see i didnt draw a blue line that hold my price from going down I should wait for a better confirmation and BOS-Break of structure or some kind of...
Here we have a great trade with 60+ pips and 30 pips stop loss ! Work on it