could be a sell....could be a buy......I'm thinking its gonna sell as there is lower time frame weakness on market close last week. let me know your thoughts. I'll definitely be watching for a break and retest of the level though.
less hope/confidence in this, if areas are broken and bull strength is lost ill be watching for a retest and enter for this sell? what do you think?
P.S im still learning so this isnt a signal...lol
just an update to gold. ill be posting another one in a moment as an idea for sell. I hoping for a double bottom to give bull strength for a retest of the previous high.
anyone who knows the chart pattern 'cup' or 'bowl' will know what im thinking. we also have the trend resistance for a retest at this point and also a trend MA approaching as well. looking left we have only filled roughly 50% of the gap, this is a great opportunity for the retrace. also, potentially taking to 1.37000 key level.
we have a huge channel after a big whip action price will be settling down, reading my analysis, price is about to fall to the first support that price made when it started normalizing. creating a key area to focus on for any s+r based trader. Being such a clear level and having such a respected resistance also, along with price respecting the moving average, we...
As of now, 01:30 20/09/2018, I have almost completed a new trading plan and this is the first set up I have come across to fit it so far.
What we are looking at is price at a very key level, also respected for months on the WEEKLY chart. It has been ranging for quite some time and has just tested and retraced slightly the 200 MA on the daily chart. These all...
I will not be taking the folllowing tradr as im cureently chaning up my trading plan. I will be observing and back testing.
My current idea as of 00:50 19/09, overall is a short position. EURUSD is currently testing the same resistance level and has be attempting to break for weeks now. I have used a Fib retracement level on the previous uptrend on the daily,...
