please understand this is a short trade not a swing trade. yesterdays daily candle closed beautifully with a lot of bullish pressure which price might want to act out again today. so far since markets opened, price has rejected to go lower and no our h candle has closed bullish which has high chances of pushing price higher. if price manages to hold the low that...
this is also a scalp. a very simple setup trade as price had given us a bearish impulse a couple of days ago then yesterday and earlier today retraced to the high that gave us the drop. price has given us rejection signs with the confirmation of an inside bar. we have a minor zone at 1798.60 but if price can break and respect it by staying below we should see...
this is a scalp trade. even though its a scalp trade the setup is very much similar to the setup we have been following all week. wickfill trades. the previous two h4 candles have been testing their lows but the still closed bullish. this shows us that price might do a wickfill to the top as well. this scalp trade is the wickfill trade on the higher timeframe....
last weeks closed bullish with a long upper wick. we always look to take wickfill trades so the fact that last weeks candle was bullish gives some more confirmation on the weekly bullish view we have. for now , we are looking at this small trade to complete the daily wickfill from yesterday and this setup is very similar to the one we are looing at on the weekly...
usdcad last weeks candle was sort of a rejection candle but closed bearish. if price can stay below our level of invalidation we should see price keep falling. yesterdays daily candle paved the way for the bearish move and todays asian session retested the break from yesterday and if price can hold the rejection, we should see price reach our target
our analysis from last week still stands. price made the low we were expecting and created a peak formation followed by an impulse. for this week it would be great if price retraces to our area of interest, create a stop hunt low then give us some reversal formation for price to go higher to our target.
gold has made an induction to the lower side finishing our three-level market cycle. from here I am expecting to see price make a stop hunt low the give us that big reversal to potentially make a weekly upper wick wickfill. of course, it won't be a straight line so first, we want price to go back into our previous range, do some sort of range at the top of that...
from our previous usdcad has been in a bullish trend and price has already made a lower wick which created reversal peak formation. this could push price higher to give us a weekly wickfill, that's our target but price can also push higher than that since last week closed bullish. price made a reversal peak formation, gave us an impulse, retraced, and made a...
price still has high chances of making another bullish impulse before making another major drop following the weekly candle, however, from here I am expecting price to make a drop or some may call it a swing low stop hunt to retest support that was created yesterday and take out people's stop losses who entered yesterday. from there price could make another...
audusd created a peak formation with a drop. right now price seems to be working level1 consolidation and we can expect price to try and make a swing high stop hunt before trying to push lower again to create another impulse move. the area price is at is also a good area for someone who is looking to enter and for those who want a less risky trade, one can try...
of course usdcad swing setup is still bearish, however for now we have a good counter-trend trade. price made a peak formation at the bottom with a w setup and retraced for the retest and confirmed the rejection with another w setup. if you have not entered yet, you can wait to aim for a retest however you can also wait for price to make a strong push and close...
Gbpusd has been shorting since last week. it broke out of a range on the daily timeframe, price made a proper breakout yesterday and to our left there's clean price action for price to drop. this bullish bias is only a scalp trade as I am anticipating price to try reach the high from yesterday for a re-test and from there I would like to see it reject for the next...
Here is a short trade i am anticipating on gold. price created a low which it has respected from the Friday and Monday asian big short. now price created a minor high low which it re-tested and rejected during London opening. if price can break the previous h1 hiugh and stay above we should see price reaching our target.
this is a very short trade, more of a scalp. yes, price could still be bullish and this previous bear move was a correction and price could be ready to push higher as we can see, last week price broke out and pushed lower for a retest which it has rejected to go lower for now. looking at the smaller timeframes we can say price was ranging and the previous h4...
gold has been ranging for quite some time now and this isn't just a short range, this is a bigger timeframe range. right now price is somewhat at a strong support since price had to break that resistance (now support) last week for it to reach our high of the range. if this h1/4hr candle can push a little bit lower and close bearish we should see some drop...
mind you this is a h4 timeframe meaning it might take loner than expected. price is at a resistance which it seems to be respecting and if it holds, i am at least expecting price to retrace for a retest on our previous support. with a successful rejection which gives us second entries there then we might be able to see price push higher in order to reach our...
now price hit our first take profit from our bearish point of view and retraced back to the level we said price had high chances of pulling back too and if it held then price would be more bullish. if you did follow our risk management as we agreed when price hits first take profit we move our stop loss on breakeven for the rest then you should have got out with...
if our daily support manages to hold and we have a bullish candle close, we might see price push higher to the top/resistance of the range if you can see it. from there, if price manages to break we should see price push higher to complete the daily wickfll on the left and that is the daily resistance. price has been bullish for the past two weeks and if nothing...