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XAUUSD Gold 90 pip sell ideas - breakdown and explanationSo today we had 2 successful trades - one was a "forward testing" trade with only 0.01 lots being traded, the other was our routine style of trading where we waited patiently for price action to do what we wanted it to do. In this case, price closed below our level of support, once it did that we executed sells and with proper risk management, we closed partial profits at 10+ pips and moved stops to breakeven, which means the remaining position has the opportunity to keep running for risk free, which it absolutely did. A beautiful run into 90 pips profit before bouncing, the perfect return after being away for a day.
OANDA:XAUUSDShort
by FriesianFX
US30 BULLISH ELLIOT BREAKDOWNLooking back from Wednesday 15 of March, 2023, the wave 3 kicked off after wave 2 has completed its 3 waves movement. Wave 3 which carries 5 sub-waves along side submerged. Sub-waves 1, 2 and 3 are done, going for the fourth wave which carries 3 waves (ABC waves). However, from 4H timeframe, we can see a Zig-zag correction occurring which goes with 5-3-5 formation. Wave 4 is almost done, from there we can witness the last wave of 5. let's see what the lunch from NASDAQ:AAPL will bring about on the 15th of September. Stay tuned for updates from this breakdown. WAVE 1 = 5 WAVES WAVE 2 = 3 WAVES WAVE 3 = 5 WAVES WAVE 4 = 3 WAVES WAVE 5 = 5 WAVES WAVE A = 5 WAVES WAVE B = 3 WAVES WAVE C = 5 WAVES
EIGHTCAP:US30Long
by Ifeanyichukwuxx
SAND Token Unlock Alert: Analyzing Price ProspectsSAND Token Unlock Alert: Analyzing Price Prospects The Sandbox (SAND), a blockchain gaming platform, is on the brink of a significant unlock event. On August 14th, approximately 372 million SAND tokens, accounting for 18.1% of the total supply, are set to be released for trading. This has ignited discussions about potential price implications. Unlock Dynamics: Token unlocks release previously restricted tokens. In this case, 71 million tokens go to the project team, 37 million to the foundation, and the remainder to consultants and reserves. Historical Patterns: Past SAND token unlocks have historically resulted in price declines, sparking concerns about the stability of SAND's price. Volatility and Range: Current indicators indicate low volatility, suggesting minor fluctuations within the $0.38 - $0.42 range. The Awesome Oscillator (AO) is positive but signals a weakening bullish trend. Technical Indicators: Technical signals reveal potential pre-unlock selling opportunities, mirroring past events that generated significant selling pressure and led to a possible price drop to around $0.30 Trader Sentiment: In contrast to worries, the derivatives market reflects a bullish sentiment. The long/short ratio at 1.05 indicates a majority of traders are leaning towards long positions, reflecting confidence in SAND's performance. Conclusion: As The Sandbox approaches this crucial token unlock, historical trends, technical signals, and trader sentiment paint a complex picture of potential price movement. Amidst historical dips, the current low volatility and positive derivatives market might counterbalance immediate downward pressure. All eyes are on SAND's journey post-unlock. Stay tuned for updates as we navigate through this period of uncertainty. Follow us for More Quality analysis. Thank you.
Short
by CryptoPatel
XAUUSD Gold - breakdown of lost tradesSo today wasn't the best of days, 1 sell trade taken too early where we got stopped out before price tapped into our Take Profit level, and the second trade was an impulsive buy based on the theory that the 5m candle grabbed liquidity, however this was incorrect and price reversed on us. As always, transparency is everything, both trades were losses and post-trade analysis is key to becoming a better trader and understanding what was done wrong.
OANDA:XAUUSD
by FriesianFX
XAUUSD Gold daily breakdownLast day of the month and Gold is absolutely going for it, no news today so it's quite surprising we get this much volume on a monday but that's the markets for you What are we looking for? a close above the resistance levels will see us continue up going into the start of August, I still anticipate August to be a bearish month, whether this continues or not is hard to say but I am very firmly backing gold bears once I get confirmation of a rejection and closure below support levels. The Area of indecision worked as expected with price finding a support outside of the typical levels, so we need to watch carefully as it could be a fakeout before the larger move down.
OANDA:XAUUSD
by FriesianFX