Last Fridays Gold🪙 Trade finally hit TP 🎯 What a move Patience is the key 🗝️💯
GBPUSD last 2 weeks trade finally hit TP ✅. — Patience is the key. I can tell you this 100 times, patience is the key to success in this market. If you can spend hours waiting, doing nothing, then nothing's going to stop you from succeeding. Either waiting to execute or when managing a trade. Happy weekends y'all. Don't forget to backtest.
Gold correctively made a 3rd touch on an ascending channel, I'm anticipating the continuation of the bull trend
USDJPY broke out of an ascending channel and it's forming a Head and Shoulders pattern.
Last week second trade on GU finally hit TP 🎯. It nearly hit my SL tho, tight spread helped me.
Price rallied up after making a 3rd touch of an ascending channel on the higher TF (4h & 1D.) On the 1H TF, the price formed a correction and now breaksout, we are about to see another really before the break of the expanding triangle.
After breaking out of an ascending channel, the price formed a correction and retested a resistance zone. I entered at the break of the correction.
GU - Second Trade, price broke out of bullish flag. Same impulse - correction - impulse pattern.
Price broke out of the correction. Got the wrong move/fake break last week on 1h TF, but here we go again. Correction - impulse - correction move.
Here's an example how to place a trade by understanding the nature of the market. You always try to catch the impulsive moves. There are different entry models and strategies tho; to be discussed later.
The market price moves in phases (Nature). Understanding the nature of how the price /market move would help elevate your skills. The price moves in 2 phases viz: 1. Correction: When the price moves against the main direction of the trend with very low momentum candles 2. Impulse: When price moves same direction as the main trend with very high momentum...
GU breakout of a correction after retracement. Last week's forecast
Adding to the previous trade after price formed a symmetrical triangle and breaks it after breaking the ascending channel. Moved my first trade SL to breakeven.
Ascending Channel inside Ascending Channel: Price formed a high test candle at the upper part of an ascending channel.
Ascending Trendline/Channel break on Gold and price corrects after the break out and now breaksout of the correction. Anticipating a massive move to the downside.
Las5 weeks GJ trade finally hit 🎯 Tp. What a move. New week, New opportunities 💵💵 Now I'll be looking for shorting opportunities after the price made a 3rd touch on the the channel.
GU impulsively broke out of a descending channel last week Friday, I'm now anticipating a retracment in a corrective nature to go long
My USDCAD Trade hit TP 🎯. What a move. NFP volatility also helps. Next week we look for another opportunity to short again.