Opening long entry from the position where the ABCD pattern is forming. So TP is placed near the projection of BC.
Opening short position from a lower high at the trendline support where a bearish candle is formed indicating the continuous bearish trend.
Bullish breakout : Entry price 1772.37 Take Profit 1847.76 Stop Loss 1734.27 Bearish breakout : Entry price 1684.56 Take Profit 1587.28 Stop Loss 1727.02
Possible drop to at least 1742.627 , cancellation if break of support 1755.099 . This does not constitute a solicitation to trade.
The chart is very bearish and to conform with the current momentum, I will try to sell XAUEUR if it pulls back to the purple resistance and ride it down to support trend line. Risk = 1.2% RRR = 1.5 to 1.6
Bullish breakout : Entry price 1733.05 Take Profit 1735.38 Stop Loss 1730.89 Bearish breakout : Entry price 1726.19 Take Profit 1721.53 Stop Loss 1729.06
Hi I am glad I put some of my money from crypto to silver few months ago for days like these. Now situation is not how to make money but how to safe current wealth. In the chart we can see that DXY is rising and Gold is rising, when usualy DXY up, gold is down, but this time is different because of inflation, not because of healthy economic factors. GOLD is not...
XAUEUR is Looking To Move Downfall From here. Also this ORDER BLOCK is Looking Strong So that The Market has the Major Chnances of Dropping From here.
XAUEUR Will Came Down From this Refind ORDER BLOCK , After Grabbing Liquidity of these Small highs .
XAUEUR has broken the support level of 1780 during the NY session last night. The Asian session saw a pull back and would have a good chance of continuing to the downside. I have shorted already. SL and TP as on chart.
price got to the pd array now we waiting to buy discount prices for the next move up. you can get in at the area highlighted limits and stops are your friend dont buy at market price.
Because the third sub-wave of the third wave is prolonged, the fifth sub-wave is no longer prolonged, the third wave has ended, and the callback of the fourth wave starts. Because the second wave is flat, the fourth wave is zigzag or flat. According to whether the first sub-wave of the fourth wave is 5 or 3, the final target position is determined.
One Chart, Trading Zone to Zone. Trade what you see not what you anticipate
POTENTIAL LONG TRADE SET UP FOR #XAUEUR. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future results. Trade Responsibly!
setup analysis: resistance level - bearish divergence
Russia's attack on Ukraine could slow global growth and raise new economic risks, but leading central banks remain focused on an inflation war that looks set to escalate. Europe may be the most vulnerable to a broader economic shock from war, but the ECB made clear on Thursday that the region could absorb the expected hit to economic growth but could not afford...