Forexfargo
GOLD BUYS POTENTIAL 50-500 PIPSGold has obviously been grabbing liquidity all week and making people believe it is time to sell. Not yet buddy.
Looking for a good re entry around this zone level. Yesterday was able to catch almost 100 pips and got out.
Gold has also been moving 100s of pips this week in both directions which is an indication that there is indecision but more importantly that Banks would like to keep Gold in the 1600s.
This is a scalp, intraday and long term swing idea.
GBPAUD SELLS POTENTIAL 50-150 PIPSOverall trend is hella bullish of course. We are looking for a counter trend trade on this pair right now. We have approached a level that hasn't been broken yet and it looks like a potential Double Top on the HTF.
LTF is showing us all the dojo rejecting from this area.
XRPUSD BUYS POTENTIAL 100-500 PIPSGot stopped out yesterday looking for buys. Hella manipulation I got stuck in. Price is a nice zone where we rallied for 300+ pips a couple weeks ago.
Looking to see if the market is going to have another cycle like that this week & see if we can capitalize!
HTF looks like potential W pattern is forming!
XAUUSD BUYS POTENTIAL 50-300 PIPSSo Sunday Market Open we saw price gap up a couple hundreds pips to the upside. Came back down & retraced back toward market open price around 1660ish and made another bullish rally until 1690 or so. Gold seems to not be slowly down so keeping up with the trend.
InTrAdAy Trade: Only entering this trade if my floor remains unbroken and holds as support level. Ideally looking for a bullish engulfing of some sort or dojis preferably. If I miss an entry I will have a buy stop @ 1660. TPs set respectively for 40, 55, 75 pips. Always leave a runner.
Long term trade: expecting price to remain bullish while trump is in office as well as news events keep affecting the overall price and “safe haven flow”. Decentralized banks project gold rallying to 1750 via Citibank (KenFxFreak Article).
USOIL CONTINUED BUYS POTENTIAL 300+ PIPSI missed this trade however have actually have it marked since I had my USDCAD marked.
I am in a UCAD sell for 2 weeks as OIL tends to be an inverse correlation.
I got stopped out originally and never followed the trade to enter.
Price is HELLA bullish and don't see it slowing down yet.
I am more importantly waiting to see how price will react in the blue zone or my yellow daily zone.
BTCUSD POTENTIAL BUYS +200-800 PIPS WASSUP TRADERS, #FOREXFARGO CHECKING BACK IN!
NOT THE BEST WITH THE BITCOIN ANALYSIS BUT HERE WE GO...
BITCOIN ANALYSIS.
Confluences:
-Reject/Bounce off Daily Descending TL
-Bounce off May Support Level
-4HR potential Doji
-2hr potential Spinning Bottom
-1hr shows multiple rejections at 7175ish
BUY STOP @ 7200.00
SL @ 7165 (-35 PIPS)
TP1 @ 7385
TP2 @ 7555
TP3 @ 7800
TP4 @ 8200
TP5 @ 8555
POTENTIAL XRPUSD BUYS +100-500 PipsWassup Traders,
#ForexFargo checking in!
Analysis on #XRPUSD.
Confluences:
-Potential Double Bottom within Demand zone on Weekly & Daily
-Potential Rejection/Bounce off Daily Descending TL
-4hr shows potential doji candle closure or hammer
-1HR shows Hammer candle formation
-No candle closure below 0.23000
BUYXRPUSD @ MARKET EXECUTION
BUY STOP XRPUSD @ 0.23250
SL-35 Pips Each Position
TP1 @ 0.23850
TP2 @ 0.24350
TP3 @ 0.24850
TP4 @ 0.25350
TP5 @ 0.25650
TP6 @ 0.26265
TP7 @ 0.26725
TP8 @ 0.27555
Gold Short Potential 200+ Pips Looking For Gold Shorts around 1520 area.
"There must be buyers, in order for there to be sellers"... so with that in mind, I am factoring in the fact that Gold dropped 300 pips yesterday.
AS OF TODAY, Gold had seen price wick down toward 1500 before USD News release came out today before making a small rally.
Tomorrow, we will have more News release however with the Fed Member Quarles speaking, I believe we are in for yet another huge drop.
When price enters my zone around 1520 or blue trading bubble, I will be looking for entries as follows:
SELL LIMIT @ 1520.50
SELL LIMIT @ 1522.50
SL 1525.50 (WILL RE-ENTER IF SL IS WICKED OUT)
TP1 @ 1510.85
TP2 @ 1502.50
TP3 @ 1494.50