gumtree116

gumtree116 Updated 

Price is at the middle of both H4 Order blocks in Green and Red. Hence, I have both Long and Short trade ideas (whichever one hits my limit orders 1st). Reason for Short trade: Fresh Support/Resistance flip (Red zone held as support twice and then broke down, so it is now likely to act as resistance) Reason for Long trade: Green zone offered nice rounded retest...

gumtree116 Updated 

Price is approaching the origin (Red rectangle) of the impulse move down of late February. Reason for trade: 1st rounded retest of D1 OB R:R: 2.63

gumtree116 Updated 

Entry: Around 4240 SL: Slightly above the interim swing high of 4384 Target: Around 3537 R:R: 3.99 Reason for entry: - 2nd rounded retest of top line of weekly OB (red dotted line on chart) - No D1 close above the red dotted line ever since the recent uptrend started on 15 December 2018 (25 days ago) - Bear Div on D1 RSI (Higher high on RSI whilst Lower high on...

gumtree116 Updated 

Entry, SL and target on the chart R:R: 3.21 Reason for entry: - 1st rounded retest of D1 OB - Bear div on D1 RSI (Higher high on RSI but Lower high on price) - Bear div on volume (price is increasing whilst volume is decreasing)

gumtree116

Don't get caught up with this bullishness in LTC. It is facing seriously strong resistance currently. Certainly this is not the time to Long. I'll only Long LTC if it shots past $40 impulsively and subsequently find support above this price with a few D1 closes.

gumtree116 Updated 

Direction: Long Entry: Around 238.05 (Keep an eye on H1 PA to time entry) Stop: Around 233.52 Target: 252.92 (previous range low that has now been broken) R:R: 3.28 Reason for Entry: 1) 2nd rounded retest of weekly OB 2) Bullish RSI divergence on weekly TF 3) 200 EMA support approaching soon (see below)

gumtree116 Updated 

Entry: between 3940 to 3660  SL: 3490  Target 1: 4233  Target 2: 4716  Target 3: 5626  R:R: 4.28  Reason for Entry: Rounded 1st test of weekly OB (see below)

gumtree116 Updated 

Bullish thesis: I'll be slightly bullish if the red rectangle (6350 to 6700) is reclaimed followed by a weekly close through it (impulsively/cleanly). I'll be convinced enough to remain bullish if we have a few consecutive weekly closes above the red rectangle . Bearish thesis: Last weekly support is 5464. A weekly close through this level means we are going lot...

gumtree116 Updated 

After 4 weeks of decent rally Gold has been on a pullback for the past 2 weeks. I am going to try my luck with a Long trade. Entry: within green rectangle Target: red rectangle (or may be just below it to avoid front run) Stop: white dotted line R:R: 4.52 Reason for entry: 1. Higher low and Higher High on Weekly timeframe 2. Incoming rounded retest of weekly...

gumtree116 Updated 

Entry: within the 2 green lines Target: within the 2 red lines Stop: white line (where the higher low thesis is invalidated) R:R: 1.83 Reason for entry: - 1st rounded retest after S/R flip - confluence of 0.618 fib retracement from interim swing low to swing high

gumtree116 Updated 

Bearish thesis: If current support level (green rectangle) between 518 to 536 breaks then it's coming down to the next support rectangle between 408 to 417. Bullish thesis: Red rectangle (648 to 657) needs to break to move higher.

gumtree116 Updated 

Green rectangle is the weekly OB where most of the price movements have been happening since early September 2018. D1 close above green rectangle would be a bullish signal. However, an S/R flip would be confirmation for bullish continuation. Blue rectangle is the daily OB where another rejection is likely if price moves up towards it from current level. Green...

gumtree116 Updated 

Decent volume suggests some volatility is likely. There is no trade yet but this analysis shows some plan. If I don't get the Long set up then I'll short. Long setup plan: Clean break of D1 OB is likely at the moment. If this move takes out the prior high and breaks market structure then I'll enter on a pullback to the green rectangle. Short setup plan: Rounded...

gumtree116

I found something very interesting which I am going to at least consider on top of my normal technical analysis before going Short in future. This may be useful for my followers hence I thought to share it here. If you see the chart above, you will notice that every time there has been a Regular Bearish Divergence (Price is making Higher High and whilst RSI is...

gumtree116

Price has been staying within the monthly OB (green rectangle ) for past 11 weeks. Immediate support= 198 (at bottom of green rectangle ) Next support 177 and 136 (dotted green lines based on weekly levels) Weekly close below 136 = disaster Maximum upside target in medium term = 387 (top of green rectangle/monthly OB) Weekly close above 387 = start of bull run

gumtree116 Updated 

Entry: 197 Stop: 206.65 Target: 170.97 R:R: 2.7 Reason for Entry: Price has been consolidating at the green rectangle which should have acted as support and initiated an impulse move up by now (which did not happen even after 12 consecutive H4 candle closes). This indicates price wants to reach lower. Trade management plan: I'll compound 2 more entries if we wick up

gumtree116 Updated 

Since there is very little price history for TRXZ18, I'll be using TRX/BTC (Binance) chart for this trade. Reason to trade: - 200EMA on D1 (and 21 EMA on W1) is at my intended entry price - Price is currently approaching resistance (red rectangle) with an opportunity to short at 2nd rounded retest of resistance (see below) R:R: 1.87, Entry, SL and Target on...

gumtree116 Updated 

Green rectangle is support Red rectangle and red line is resistance Long trade scenario: Long orders in the green rectangle area with T1 at bottom of red rectangle and T2 at red line. SL on the chart Short trade scenario: Short orders in the red rectangle area with T1 at top of green rectangle and T2 at bottom of green rectangle. May place more short orders...