Short term trade, not my normal style, however looking to buy up to the next key resistance level and looks a great R:R, if this is a loss i'll accept this as requiring further back testing of any short term tight stop trades
Looking to see if price stays within it's previous range and as we've had a lower high and lower low, looking to see if a new lower high forms at the key level I'm looking at.
If price action doesn't play out as expected prior to this I'll remove my order and re-think my bias/potential position here.
Good R:R offered here for me
Price has ripped up over the last few days, however on the smaller timeframes like 1H price has shown some resistance. There are some strong levels of support and resistance that are currently around where price is. I'm short here after an initial price drop from the area I'm watching. If price shoots up and continues I'll manually exit, if not I'm in for 1% risk.
Looking to go long on the third touch of the upwards sloping trend line. There is currently very strong bearish pressure, but for the RR I am seeing potentially from this trade it meets my criteria for a 1% risk. If price action doesn't look good due to the gap down on the Sunday night open my bias could change as price may well play down further. If this is the...
After a break of the top downwards sloping trend line part of the wdedge that's recently formed here. Re-test and then I'm long, tight stop here as there is crossing over the longer term weekly and monthly upwards sloping trend line also. Good RR of 1:5 here so worth the trade for me at a 2% risk.
If price tanks today before the weekend I'll either cancel the...
Gold sell here due to the triple top formation potentially alongside the fact we look to have made a higher low and lower high now potentially showing a reversal of the bull market we've seen recently here.
Looking to short to the 200 MA level, however more downside potential further to this, going to see therefore how price plays out if it heads to this level...