Action
NEW IDEA for AUDNZDwaiting for either a rejection of this level or break through to the down side & retest for continuation to the down side. I see more of a long position for this pair but we never know until price fully confirms through price action. patience is always a virtue. never rush a trade! follow for more updates.
IDEA FOR GBPJPYafter some possible sell confirmations, I may hop in for a SELL down to my potential BUY areas. ultimately GJ is on a up trend, so we're favoring BUYS for LONDON session. with patience will come good profits. we will wait for good bullish rejection candles in the golden areas of the fib via 50%,61%. Ideal setup would be a bullish rejection & a bullish engulfing candle. we will see ultimately when that time comes.
TommyXAU Educational - What i mean by clean rangeGood afternoon gold gang, hope you're having a good weekend.
I thought id hop on to share with you a piece of information of what i mean by clean range. Ok ..
Say you have 2 key levels in price .. we have had a big news event causing a big red candle to the left hand side. This has left what is called an imbalance. An imbalance is where the wicks of the previous and after candle don't meet. Backtest that one yourself and see how many times these imbalances get filled.
Price is coming back up and closes above the key level .. it is now a high probability that price will come up and fill that imbalance and the clean range.
I call it clean as there is no traffic or hurdles that should stop price on its way up. Again, adding to the probability.
Simple as that really guys ..
Please leave a like if it was of any help to you and ill see you this evening for market open!
TommyXAU
How it played out.... GJ TRADE.Right now I am up 3K with this trade alone. If you check out my previous idea, you would see that it played out perfectly. Along with my EURAUD & XAUUSD trade idea. Follow me for more ideas using price action. I will be sending day trades & also some good swings. GJ,EA,GOLD & US30.
Beautiful SELL setup for NY sessionlooking to close out the month strong with this possible SELL setup. the chart describes my idea for NY session trade. with patience, this trade should play out beautiful
SELL ON NAS100
my updated entry for NAS100. if you can entry now with a low risk lot & once it closes under the structure you can do a better size. my IDEA shows you where you can enter. this is a very promising trade, price action at it's finest. I will eventually do a video on how i see these setups. word of advise; NEW YORK SESSION is where you ideally want to enter this trade. stay tuned!!! update- post was removed for advertising. lesson learned.
BIG SELL ON NAS100after the BOS, that's your indication & after the indication, you will see a correction & then a continuation. we can expect to catch this big sell all the way down!!! use proper risk management. only risk 1-2% of your acc. more opportunities will arrive. never get greedy!! Follow me for more ideas
Possible BUY on AUDNZDbreak & retest on a higher time frame. I've looking at this trade since Friday & it may play out in our favor. We're looking for a strong bullish rejection candle off of the golden zones. via 50,61 fib. Once it gives the right confirmations, I will enter for a buy & take this trade up to my extensions. If we get that confirmation candle, enter from the 50 & place SL right below 61 on fib. if it rejects from 61, we place a SL right below it as well, probably 20,30 pips.
Indication of a SELL for XAUUSDif that current 4hr candle does an engulfing candle. I will enter for a sell & take it down to my second entry. the market shown a break of structure & an indication of a sell pattern. right now it's in a correction stage & it will continue to downside after doing so. my first target will be 1970 & my second target will be 1950. Pure price action!!
Taking another entry on GOLDYou can see from my first idea that we're trading XAUUSD. I made my first entry at 2001 & currently in a lot of profit. My initial entry I placed a 10 lot & this entry is much less via a 3 lot, just to protect my profits I foreseen that around this area would've been a good entry & so far it's looking promising. Usually I wouldn't advise trading outside of session (I usually only trade gold in London or NY but sometimes GOLD has good volume in Asia). With all the signs of price action & using this fib, I have good confidence in my second entry. I will take this trade all the down to my 1970 & then down to my extension at 1955. Please always take partials & place your stop loss in profit after doing so. You can follow me on this journey of finally sharing my knowledge & wisdom of trading.. You guys will see a lot more, currently curating a free group & course. Stay posted!!
BTCUSDT , chart analysis There is no doubt that we have long passed the downward phase. Some people do not know trend lines and prices at all and use fake professional channels to deceive people. Go learn the trend lines first, then come and say with confidence that Bitcoin will reach HKEX:12 ,000. I don't have any channel, I only give private training and professional signals to a few people because I am not a scammer. Be sure that the one who doesn't get money from this market should create a channel, otherwise he won't have time to teach so much. Of course, not everyone is like this, but most of the channels extort money. Bitcoin is in an uptrend. Please learn the process, then channel and empty people's pockets with wrong teachings. I don't like a self-confident illiterate commenting on my posts.
TRADE IDEA FOR US30 we're ultimately looking for a break & retest for those levels. I have more of a SELL bias via the chart analysis but we're not ruling out the buy option.
BUY ON EURAUDYou can expect this trade to hit it's target. If you're interested in getting in this trade, you can analyze on a smaller time frame like the 5,15 min & hop in. this trade most likely hit it's target tomorrow or by sunday. follow me for more trades. i will be posting more. & also check out my previous ideas for accuracy .
BUY OPPORTUNITY ON GBPJPYif you're interested in this trade; wait for an indication of rejection on the golden levels of the fib. if it rejected the 50 with bullish wick candle. place your SL on the 61 level or right below. If drops down to the 61 then rejects with a like bullish wick candle. we can place the SL 20 pips below the 61 level. once you're in be patient & take that buy up to 169 area. we can expect to get an entry around London & take it all the way up. follow me for more trades. i will be posting more. & also check out my previous ideas for accuracy
Don't miss hopping on this trendI have been following and mapping out this sweet structure of price and i believe I just found a sweet spot to hop on this trend to catch a sweet 10:1 (SL-15pips, TP-150 pips)
Don't miss this even though you need to enter with the smallest lot size of 0.01, just simply wait for a proper rejection candle stick.
My confluences:
1. Structure
2. Uptrend
3. Inverse head and shoulders
4. Waiting for NYSE and fundamentals
Enormous Descending Wedge on SPY Happy Saturday Ladies and Gents!
As with any other previous posts of mine I like to begin with letting everyone know I am not a professional trader, lol. I'm just a dude who likes to look at charts. I'm really just thinking out loud. Some how my kids aren't attacking me and I'm able to calmly and thoughtfully look at the charts, lol.
A few things to note before you read my thoughts on the SPY’s future price movements.
• I am not factoring in any economic data or potential rate hikes/cuts. This is strictly price action TA – which as you all know is just one piece of the puzzle. There are many different variables the can influence price action – I am just looking at one here.
• Consider that this is a longer-term outlook on the SPY. I believe this likely plays out over the next 2 – 3 months. Late May early June is when I think we reach the target area of low $340's - to be more specific, you can see that the trendline and price intersect at exactly $339-$338. I tried to take into account the time between peaks and valleys of previous price action when drawing the projected path (in yellow) but note it's just an estimate, lol.
Anyways, here we go:
The price on SPY is VERY likely going to continue downward!!!
We are at MINIMUM going to come down to touch that orange trend line. It's just been respected so many times in the past and we are so close to it. - it's like a magnet. Price WILL come down and tag it (maybe there will be a little consolidation before we do though)
I tried toning down the opacity of all the other trend lines so that it's a bit clearer. Essentially it looks like we have formed a giant falling wedge (ultimately a bullish pattern). I mean I do think once we reach the bottom of the trendline around the $339 area, there will likely be a massive move upward and an even larger breakout of this descending wedge.
FYI.... I tried thinking about time. This could happen late April to early June
I'm going to zoom in and bring back into focus the other important trend lines now (specifically the orange one) It's just seen so much action - it's very likely we come down and tag it - even consolidate there for a few days or week.
Comparing Price action daily TFI've been waiting for a pull back since the last pump up to resistance. Using stochastic RSI to look for pullback as well as support lines.
Circled current price action to the previous push to 24k.
I am expecting support between 25k and 24k before bouncing and next resistances at 31.2k and 34k.
Rsi is under a huge bearish divergence so I do expect the next push up to be short lived.