Been away from trading due to holidays (Thank you Isreal you were amazing!!)
So here we are in a long term descending channel from a higher timeframe. Price will most certainly reach the top and re-test it.
And during this long term channel, we have a shorter ascending channel with a perfect place to enter.
If it was only that easy ever retail trader...
this is the daily time frame now looking just at price action alone looks very interesting right seen in this picture 2 price bars pulled out the charts and would you agree they look the same ? now on the higher time frames show more direction with price but this doesn't mean that this cant just go straight through current price but adding with breaking this...
Good morning all,
Gold is currently bouncing around the 1557, 1558 price mark. Hoping the analysis shown can predict a possible outbreak before a possible re-adjustment to the price once the breakout has began to slow down/finish. The Blue zones show the area of which a breakout would cross & the highlighted rectangle shows frequent consolidation around that...
So people were expecting a Bullish breakout today, even though this hasn't happened we're still slowly creepy away from the Bull trap around $8500. If you've been waiting for an opportunity then you may be waiting a few more days. Be patient! I'm hoping for a breakout from $8700 on the weekly chart, I will be looking for volume to extend my confidence. Good luck.
Hey Guys... All well??
Price has rejected the 100MA on the daily time frame and currently rejecting the bottom trendline...
This is a risk defining area for most traders in my opinion, so stops below the bottom trendline and 100MA.
TP 1 - 200MA
TP 2 - Recent highs (If price breaks 200MA)
What do you think?
AUD is one of the weakest currencies today, with the JPY being the strongest. This makes the pair ideal to sell today.
As we speak the 4HR 200MA is being broken confirming the downtrend... 100MA is sloped and heading downwards.. These are all good signs of a bearish trend!
Execute a trade here and target either the 50% retracement or the daily 100MA (blue...
Gold Corrections on H4 seems to be forming symmetry triangle pattern. It could break out as bear or bull. If as bear, then the correction structure will change
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades