Morning all,
Price has broken below the upwards trends line and seems there is a strong signal for a potential short lining up on this pair.
- As you can see from the annotated chart I will be waiting for price to retrace to the old trend line and bounce back down before I enter a short position
- Patience is key here as you dont want to get caught in a...
Use proper risk management,
TP 25 to 30 pips from entry
SL 20 to 30 pips from entry
Once either zones are broken wait for the return to the zone and continuation to enter.
Just my analysis do with it what you please.
I see the testing of a falling wedge pattern appearing. Hopefully, I'm right with this one and will be proved correct by the end of the week.
IG: Benjackson.fx
Seems like Gold has revisited the previous downtrend line and has seen strong rejection and a push up.
I entered at 1699. Feel free to enter close to my entry.
Please use appropriate risk management.
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Seen a continuation of a downtrend. Seems to have broken a support level. We will wait for a rise back and a retest before entering short. FREE SIGNALS message me via telegram @mbdtrading leave a like also :)
Afternoon all,
So here it is! A hedge on XAUUSD as I am in buys! and now it has retraced back to the outer trendline with an indesion candlestick which to me seems like a good
idea to short this now!!
Hedging is risky!!
But I have small SL in place to make sure I dont over board my hedging!"!"
Gold remains subdued in a tight short-term trading range as...
The H4 Rejection Wick confirms this uptrend. Pure Price Action Trade - no indicators...
Stop Loss set below previous wick although could be lower below Key Level (0.656) for insurance.
TP is set at a 1 to 1 (Risk to Reward), although if we can continue upwards. I will use a trailing stop.
Caution ! - we are near extreme highs and any positive fundamentals for...
As you can see here eurusd is following a simple break and retest of a previous support level that was broken. markets are closed right now and always tend to wacky things on re open, if it follows my analysis we may see anywhere from 1 or more pushes to the up side, before continuing the final push to the downside.
I am expecting the US Dollar to gain some strength this week, taking out previous highs, potentially retouch the broken trendline. We can see that the -27% Fibonacci lines up with previous highs well with these previous highs and then the next Fibonacci with the back of the trendline. This will give us a good insight into all USD pairs which are looking very good...
100% PRICE ACTION
Hey guys, one more forecast for the week. Here we can that price is moving in an uptrend for a long time. Price couldnt break above the high it created and so began its move down. Price then began to create a correction (bearish flag). Price created a key structure at the 50% retracement area of the fibonacci, indicating a strong structure. as...
simple setup on EG broke the channel now looking for a retest of the horizontal red line to make the 3rd touch the reject off that line to the downside . let's see how it plays .
strong support line been broken on 4h and has came back up for the retest to then continue to the downside .very simple break and retest analysis , should see a nice drop .
