Following from my last trade I posted it went to a sell and went even lower, for The moment I'm currently in a buy. My TP1 is at my 50% and its almost reached but, it has gone for a retest before it reaches that area again and probably breaks through for more buys.
I Lokked on to the daily chart to get a betterview of the Gold market then scoped back to the 4 hour chart until I marked up on my 1 hour chart.
I have placed Buy limit and sell limit entries around my 13.60 23.60 for buy limits amd a 78.60 88.60 for my sell limits.
They are my conviction zones for where the market will...
Lookin at the chart there is a strong downtrend happening. Where I placed the red arrow is where I had placed my sell stop at 134.561 and would like to see it reach the previous low as my TP. Lets see what happens shall we. :D
As you can see this is going in a uptrend. I'm waiting for it to hit past 1.52010 touching 1.52027 then I go into my buy.
Please let me know what you think of this set up. I'm open to different views and opinions :D
Should have published a little bit earlier but almost forgot. So as you can see the bottom trend line has been respected by the red wick on 54.10. I entered at 55.85 and is expecting to continue going up. I made my TP 58.65
Let me know what you think of this trade guys. I will have more pics published soon.
As you can see from previous trends I placed earlier you will will notice that it has continued in its uptrend my first TP stops at 0.91098 if it doesnt do a retest and continues the uptrend I have set a Buy Stop at 0.91129 and TP 2 at 0.91265. Let me know what you think of this market. I'm open to different views.
The downtrend at the moment is starting to get lower and lower transending into a buy. Im just waiting for it to break the yellow line above the trend line and go into a buy zone.
Let me know what you think. I'm open for discussion. Do you agree or disagree? feel free to let me know.
After last night It managed to hit on the bottom blue trendline as it is already in a uptrend I feel it will hit 0.91276 as my TP. If anyone would like to share their ideas or point of views about this please feel free to let me know.
I'm open to different perspectives :)
Theres a slight chance it may land on the 61.80 and do a retest back on the resistance. If not based on the strength of the sells I think it may break through the 61.80 and make its way to 0.90653 which is where I have placed my TP.