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Demand Zone

My trading tactic and journal XAUUSDI place limit short selling order at the resistance level because i think at the end of this month the price of gold will close at the lower price in order to rebound next month (September) therefore, i am bearish on gold from today 10 Jul until at the end of this month. Example of grid trading I place limit sell order at 1930$ and STOPLOSS at 1960$ Target 1900$ risk 30$ reward 30$ I place buy limit oder at 1893 and STOPLOSS at 1860$ Target 1940$ my second order is at 1940$ / STOPLOSS at 1972$ Target 1900$ (0.618 fibonacci retracement resistance level) risk 32$ x 2 = 64$ reward 72$ x 2 = 144$ My third order is at 1952 / Stoploss at 1972$ Target 1900$ (0.782 fibonacci retracement resistance level) risk 20$ x 3 = 60$ reward 52$ x 3 = 156$
OANDA:XAUUSDShort
by kennkennntl
SWING TRADING: LONG USDCHF. TARGET 0.90385TRADE TYPE: INSTANT ENTRY LONG TRADE DIRECTION: LONG TIMEFRAME: 4H ENTRY PRICE: 0.89370 STOP LOSS: 0.88850 TAKE PROFIT: 0.90385 RISK TO REWARD: > 1:1 ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low Follow this thread for any future updates regarding this specific trade. CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Long
by FX618Analysis
BTC ANALYSIS 8/7/23BYBIT:BTCUSDT.P We are BACK with other simple analysis and yes, we are still in that consolidation phase for now and just waiting to signal what way BTC wants to go but either way we adapt to whatever it is get some nice trades in. As far as we know guys, we could be about to blast all the way up to the 35k mark at any time! I am still longing as I am long bias although my risk is less and my SL is much tighter at this point in time. The biggest advice I can give out of this post is - *Stay extremely patient and don't pull any impulsive triggers. *Keep your risk to a minimum. *Make sure the SL's are tighter than usual. *As I said in yesterday's post take this time for studying on your craft OR yourself. Thanks guys.
by RPMWealth-Capital
POSITION TRADING: SHORT AUDUSD. TARGET 0.64000TRADE TYPE: INSTANT ENTRY TRADE DIRECTION: SHORT TIMEFRAME: WEEKLY ENTRY PRICE: 0.67000 STOP LOSS: 0.69000 TAKE PROFIT: 0.64000 RISK TO REWARD: >1:1 ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high Follow this thread for any future updates regarding this specific trade. CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Short
by FX618Analysis
1
USD is Trading Inside of Wedge and May Rise to ResistanceHey Traders👋🏻 On The Daily Time Frame The USDJPY Price Reached a Strong ResistanceLevel (142.255-141.267)✔ The Price Broke This Key Level (The Resistance Becomes New Support Level) Moreover, The USDJPY has created a Rising Wedge pattern and trades inside. So, I Expect a Bullish Move📈 i'm waiting for a Retest... ----------- TARGET: 145.050🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
8
GOLD will fall more currently the gold is moving between a bearish channel and is broken below the weekly resistance ..in that case it would be fall more until 1880 weekly support which was previous resistance .in that point gold seems quite bearish .we can see the daily demand around 1910 area was actived and price moved to 1930-1936 area again. on other hands , IF the gold trade above 1940 means ,the bulls back in to tha market then turn the trend to bullish side .currently we are only looking for gold selling opportunities until it trade below 1930 and 1940 area. also the MACD histogram is giving a negative signal and that means there has a higher probability to sell on gold good luck for this week.. OANDA:XAUUSD
OANDA:XAUUSDShort
by rasindu2003
ETH LONG IDEA (EDUCATION) THU 29 JUN 66It can be seen that, the price of eth/usd create bullish structure for long bias. The reason 1) Price break trend line 2) Price did bullish correction 3) currently, the price show finish bullish correction at ema 200 in conjunction with resistance become support level with piercing pattern. Fibonacci Extension for measuring potential resistance (profit target) 1) start from 1627(lower low) to 1936(higher high) then drag to 1820 (higher low) 2) we will get the profit target which is 2063 (0.786 ratio) as resistance level Ema 200 (stoploss) : the stoploss level should be 1 block below the ema 200 to prevent volatility hunt our stoploss level @ price 1777 Money management, using stoploss affect mental performance, therefore, trader should spend money from free cashflow that they receive from other sources such as dividend or rebalancing assets. For example, I gain cashflow from passive trading 1000$ TYPE A (SCALPING MODEL), I want to trade for 10 times (assume that my win rate is 50% and risk reward ratio is 1:3). I will risk on this eth/usd for 100$ to gain 300$ and i will risk 100$ only when the price break trend line and make bullish correction like this. therefore, i will keep entry the same set up for 10 times. TYPE B (Risk per trade model) I want to make it another portfolio I will risk on this eth/usd for 2% to gain 6% (risk 20$ to gain 60$) This is just example of how i manage money for trading because my goal is to trade for a long time so i decide to pick the right approach and strategy for my risk appetite level. and the method can solve problems such as mental breakdown, mindset, and psychology. (changing the process is better than fixing the habit !)
BINANCE:ETHUSDLong
by kennkennntl
EURGBP LONG breakout and retest 29 JUN 66 (education) In the weekly chart, the price show 2 consecutive large green indicate price reversal. The price of EUR/GBP pair broke out of the range in 45Min TF and throwback at the resistance become support level. The EMA crossover shows the bullish momentum for entry. The candlestick that confirm bullish rejection at the resistance become support level is "Doji" Therefore, i decide to entry at the current price and stop loss slightly below EMA "34" . The profit target is 2.00 RR. # i decide to use EMA as dynamic support level after price start trending market.
Long
by kennkennntl
1