this is the process how i find my trades coming down from monthly and mostly break out trades the last few trades didnt go so well due to so many news and gaps in the market but this month we will recover and get back on track. when you want to find MACD breakouts the reference points should be the last divergence that reversed the market the soul strategy comes...
hellow :D fellow traders enter at the retest where i circled for nice risk to reward ratio, waiting for histogram divergence compeletion following break of downtrend on price and break of MACD
the histogram divergence is over MACD broke, and price broke the trend line we are at the re test tp is at first ignition point for buyers
from 1 to 2 divergence from 2 to 3 no divergence showing weakness in the trend + when markets are slow like this week because of asian session investors turn to gold as their safe heaven so we will see more volatility on gold this week
Always remember if you are following my work after 50 to 80 pips close half and set sl to BE. this trade is a mix of news trading and technical
1 to 2 divergence 2 to 3 no divergence on histogram sign of weakness in uptrend at key resistance level.
anticipating a fall it will be a good one! The trades i post are the ones i personally take if you follow me long term we will always be in profit as the RR ratio of my trades are set to be in profit even with 31% win ratio, as ive said in my previous posts please do take partial profit at 40 50 pips and lower your stop loss or set SL to break even.
earlier i got stopped out on this trade but i still have short bias, so i enter the trade again with a 1 to 5 risk to reward ratio
waiting for trend break and macd break to confirm the last wave of divergence showing loss of momentum in uptrend, i will enter by retesting the broken trend line
read the note its important, for this week and the upcoming week GBP<XXX, my bias is short on GBP pairs
im quite positive about this trade for a long entry
i strongly believe that we will see a fall, but always remember to take profit at 40 pips or so and put SL to break even
hi guys! im kinda new to posting my ideas, but they are sure accurate please do follow my work