Plan A Sell stop: 1658.00 SL: 1670 TP1: 1650 TP2: 1645 TP3: 1640 Plan B Wait for candle chart to give indication of going up over 1660. 1660 is a defining point. Long Gold: Wait for next call SL: 0.00 TP1: 0.00 TP2: 0.00 TP3: 0.00
I was bearish Gold for almost 2k pips, from above 1800, and even warned that 1680 "ultra spoken about" support will not hold and had a target around 1600 for the drop. However, even if that 1600 target wasn't touched, I closed my short trades for now and decided to sit on the bench in waiting for clarification. Yesterday's candle is an inverted hammer and this can...
The market broke and closed below the lower border of the range zone, which became resistance. Price action pulled back from that level, and it might go down. We expect to test support levels.
GOLD 1659 BREAK OUT Sell position close then wait next entry
#GOLD.... now market break is resistence and make it support 1659.....
EURJPY moved out of the declining channel. All JPY pairs are retracing after a bearish move. The market created a ranging market after sell off. We expect a pullback from the psychological level of 140.000.
EURJPY on the 4h chart after my previous analysis dropped to the 138 level as expected. The market retraced then at the 0.5 Fibonacci level and is now trading above the 0.382. How can i approach this scenario? I will wait for the EU market open and if the price will break below i will look for a nice short order according to the Plancton's strategy rules.
The market broke and closed below the lower border of the range zone, which became resistance. Price action pulled back from that level, and it might go down. We expect to test support levels.
GOLD broke and closed below the support level and trading in descending channel . After big moves, price action tends to consolidate and form patterns like channels. We expect sideway move until price action shows new trend.
#GOLD.... now market break is resistence and make it support 1627 ..
BEFORE OPENING YOUR TRADE: - Remember risk management 1-3% of your capital - Take profit of your position partially - Don't open too many orders at the same time - Be patient - Don't be so greedy - Waiting for a candle close and executing your plan. - Go to a lower timeframe to find Choch, Flip zone…. for entry. Remember No Choch – No Entry. - DON’T FOLLOW...
BEFORE OPENING YOUR TRADE: - Remember risk management 1-3% of your capital - Take profit of your position partially - Don't open too many orders at the same time - Be patient - Don't be so greedy - Waiting for a candle close and executing your plan. - Go to a lower timeframe to find Choch, Flip zone…. for entry. Remember No Choch – No Entry. - DON’T FOLLOW...