CURRENTLY RUNNING +3.8% BASED ON 1% RISK USING THE STRATEGY ON THE 30M TIME FRAME.
OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you...
Please remain patient, we need this pair to give us a clear direction of where it would like to go. I have labelled the levels I am interested in, I will be waiting for breaks followed by re-tests and rejections before considering positions.
ERROR - bottom one should be hold BELOW
According to COT data - 55% long
After a fake breakout of the 4hr trend line (manipulation?), I expect this pair to re-test line before continuing higher.
I would take this trade, via a buy limit order which would be placed in a confluence area with a 4hr trend line, market structure support and 50% fib level.
I entered my second long on gold at 1915, looking like buyers are gaining momentum for the second impulse on the weekly chart. Gold will likely remain bullish for at least till the end of the year in my eyes.
EUR/USD succeeded to break the major resistance (highlighted) 1.1595 - 1.1640 on Daily Time Frame. The question here is if the EUR/USD will manage to continue it is upward movement towards the 1.1720?
Answer: The Euro is in a sharp upward movement, but we should wait until Monday to see how the price will open and react, and based on that we can decide whether...
we have confrimed that usdcad is overall in upward trend. but we shall see price have a steep retracement after a long run up. based the the fib level on the daily we shall se price retrace to about 61.8% which is 1.3610
On the h4 and h1 we follow the counter trend line for a downward trend and we see break of structure and now retracing about 32.8% fib level...
Looking for a bearish trend across most NZD pairs today, with a nice TDI cross to the downside on H1, a spike and bounce off R1 Daily and broke through short term support. MA Cross on shorter time frames confirmed.