Trading-Ring

Trading-Ring

Lower time frame look into gold. I expect us to break the H1 zone around that 1520 barrier. once through ideally i'd be wanting a clean push down to around 1508. that mark is based off H4 charts. Overall from a daily perspective we have broken market structure creating a lower low, I now hope to be creating a a lower high off the zone we have plotted from the left...

Trading-Ring

Here we can see strong daily resistance running along the 108.820 mark. With previous sort found on the 3rd of April and then a recent triple top involving recent price action. We have further confirmation of this resistance with our Fibonacci range showing our 50% mark also printed at this 108.820 level. Looking onto DXY we also see interaction and rejection at a...

Trading-Ring

Market structure was broken yesterday on the daily time frame. It is clear on the 4 hour time frame to see a double top formation at the 1.127 level. We saw the pair plummet down to the 1.122 which is a well respected support and resistance zone. A clear break straight through this level and retest has now occurred. Take profit set at the 1.112 level which is a...

Trading-Ring

We can see Gold about to come into interaction with our 4 hour support zone. If I begin to see exhaustion I'll be looking to spot reason for long entries, carrying us up to the mid range zone for our TP 1 then to our main resistance for TP 2 wit SL placed below the zone. To further our confluences on this I'll be looking at the dollar index to see if I can spot...

Trading-Ring

Looking at the H4 chart we see rejection at the same mark as a previous H4 swing high, resting just above this level is a major Daily zone of which we have also tapped and shot out of. I will now be looking for reason to enter short positions into this trade!

Trading-Ring

Grabbing my attention on EURUSD currently is this resistance zone from previous daily pushes, recently we broke through yet we are now seeing a potential retest. You may of also clocked the retest of the trendline. Awaiting the closure of todays daily candle before looking to take any substantial moves. To confirm any trades on this pair I'll be looking for any of...

Trading-Ring

In this chart we can see the dollar index finding support at the same area as two previous lows. You may also notice Monday closure perfectly landing on our -0.27 Fibonacci extension, furthering on we spot a daily bullish spinning top Tuesday rejecting the low zone previously mentioned and closing above the fib level! Running from the end of September 2018 we have...

Trading-Ring

Here we can see heavy resistance around the 110.400 region. I personally entered short positions on this after seeing the exhaustion presented to us on the H1 time frame around 7pm - 1am here in London. A much safer entrance would have been at the closure of 2am H4 candle as you may notice the shooting star formation emerging. With my riskier entry I did however...

Trading-Ring

Now EURAUD is a pair I have come to build some what of a love hate relationship with over the past 6 months. Previously taking shorts at a similar level in January before being annihilated by the flash crash. Luckily I did re enter and caught a lovely 500+ pips. Anyway that's besides the point, currently we are back at this huge resistance zone, where we saw daily...

Trading-Ring

Looking from a swing trade point of view, with confluence form both the daily and H4 charts we can spot a fairly major support zone. At this area I believe we should begin to see consolidation followed by spinning tops, pinbars or better yet a marubozu engulfing candle. If we are to see any of the latter printed I will be looking to enter long with a SL below the...