AMG
gold analysis - 24 feb 2023my top down analysis goes like this...
- market broke out the 1829 level of support on the daily support
- yesterdays daily candle retested (broke in and broke out) to respect that level of structure which is our new resistance
- currently on the H4 market is still respecting structure and is showing signs of a bearish move with the long wicks
- just took a trade on those wicks but i'll be monitoring what market does because i see signs of an inverse head and shoulder which could work against us
- but tp is at 1812 and sl is placed at 1828 above the wicks so we'll see which one gets hit today
a huge nasdaq trading opportunity not to be missedi come bearing pips for you guys and here's how you can get them, buy going long on nas100 for the short term because the trend on the higher time frames is down. so my observations are as follows:
1. market broke out an upward trendline on the weekly and monthy timeframe
2. market sold till a major support zone on the daily, monthly and weekly
3. as the new low is formed i am looking for price to push up and form a new lower low and make another touch on the downward trendline
4. currently on the H1 a double bottom has formed so i will go long once the neckline breaks and place my trades
feel free to share your observations! go subscribe to FIRST CLASS INSTITUTION on YOUTUBE for detailed breakdowns of the market, God bless!
US30 ANALYSIS *MUST SEE*1. overall we are in an UPTREND, because of the HIGHER HIGHS and HIGHER LOWS
2. but now we are at a level of RESISTANCE, on the M30 there were 4 REJECTIONS and a LOWER HIGH was formed afterwards
3. at the current market price, a DOUBLE TOP has formed so I am taking trades which i will not hold for a long period of time or until 35061
4. i stand to be corrected, please share your inputs, God bless!
:)
Isaiah 60:22what's good traders!!
i've not been publishing ideas for time now and the past week or two i have not been as active as i meant to be but it was just a phase where i needed to take a step back and do some introspection and draw closer to God. God really has big things in store for every single one of us i mean literally everyone even the non believers. My message is basically that lets keep pushing and keep doing all these habits that will move us closer to our goals and then God at His perfect timing will bless our trading careers. God bless you all!
:)
DXY SELLoi mate let us have a great week innit? :
so what have here is...
1. price respected a major level of resistance
2. after doing so it consolidated for a period of time
3. today it broke below the consolidation phase and formed a LOWER HIGH
4. it is currently retesting so perfect time for entries, i'll be expecting pries to sell till the upward trendline
YEN BASKET SELLlistening to call me if you get lost and on one song he was like "rolls royce pull up black boy hop out" resonates with me 100% 🤣 okay yen basket...
• last week marker respected my upward trendline for the 3rd time and bought
• reached a level of resistance and lost some steam as we can see by the short bodies of the candlesticks
• which all this caused a period of consolidation and an upward consolidation pattern at that
• so i'm expecting that pattern to break and then only will it be all systems go to SHORT the YEN BASKET
• take profits will be set at the trendline as i expect it to go test it again or maybe even break who knows
GREAT SUCCESS!!!
XAUUSD SELL let's gooooooo super hyped for this week prayed before hitting the charts currently listening to clb just vibing but here is what we have on GOLD over here...
• so a downward trendline has been formed on my DAILY and WEEKLY with two touches
• so now market is approaching the trendline so i'll be looking to go SHORT
• once market reaches the trendline i'll be looking for price to respect it by closing below the trendline on the H4 and D1 but then i'll enter based off my H1 where i'll be looking for a bearish confirmation candlestick
• SL will be put just about that resistance level and TP1 will be by the opposing upward trendline
GREAT SUCCESS!!
eurjpy buy• this pair formed a downward corrective move after a bullish impulse
• the channel's resistance has been broken and the yen basket is bearish which shows the weakness of the yen
• once H1 closes above the broken trendline long trades will be placed and targets will be at the previous significant high and SL just above 20 pips