GOLD 15MIN BUYI see a potential buy on gold that has a 1:4 risk to return. USE PROPER RISK MANAGEMENT
Forexmentor
GOLD 3H UPDATEThe potential sell on gold missed the entry by about 125 pips. That usually happens and we just have to accept it
NZDUSD 4H UPDATEHad posted this in the morning and it worked out well. TP1 was hit which is 110 pips. That's more than enough pips for a day. If you want to keep holding make sure you move your stop loss secure your profits. There is a momentum bearish engulfing which indicates potential bearish continuation. I published a post on engulfing candles entries and you can use the zone within the bearish engulfing candle for a reentry. USE PROPER RISK MANAGEMENT
GOLD 3HPotential movement of gold price on 3H. The first take profit gives 1:2 R:R and the second gives 1:3.4. USE PROPER RISK MANAGEMENT
NZDUSD POTENTIAL RESELLNZDUSD has a breaker block on 15min which might serve as a potential area for the market makers to reenter sell positions. The safest take profit would be at 6382 which would already be a 1:2 R:R though price could go lower depending on price action.
THE ENGULFING CANDLE LIQUIDITY EntrySo let's learn something about engulfing candles entries. An engulfing candle is usually a momentum candle and in most cases signifies reversal and at times trend continuation. Now what you do is plot your fib on the engulfing candle from wick to wick and mark the 40-50% retracement area which becomes a potential supply liquidity zone to sell from a bearish engulfing and a demand liquidity zone to buy from a bullish engulfing. In short 90%+ of the time price will retrace back to these zones before continuing and can thus provide clean and safe entries with reduced drawdown, lower risk and a good risk to return. Try it
DXY 4HThere is a daily and 4H bullish order block at 104.14 and since DXY has been dropping, the order block might induce a retracement to fill the daily volume imbalance between 105.70 and 105.84 which would be a safe zone to take your profits if the setup plays out as explained. Price might also decide to climb higher to fill the fair value gap between 106.08 and 106.27. Price action will tell. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. APPLY PROPER RISK MANAGEMENT.
NZDUSD 4H DXY will most likely retrace upwards to cover a volume imbalance and that's why I think that NZDUSD will drop to also fill a volume imbalance but after first taking out the liquidity resting above the line XX. The setup offers up to 1:5 R:R if it plays out. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. USE PROPER RISK MANAGEMENT.
US100 M15 BUYNasdaq is teasing to sell and at the same time creating multiple lows where many retail buy stop losses may exist. So I'm thinking that it might tap into the below zone then buy from there to the current highs. This setup gives up to 1:3 R:R. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. USE PROPER RISK MANAGEMENT
US100 1HNasdaq has began a consolidation after rallying yesterday and is teasing retail sellers. I think that it might sell above the highs at 12115.6 because that way the large institutions will take out stop losses belonging to retail sellers and thus acquire enough liquidity to open their large positions especially with NFP coming up. NOTE: THIS EXPLANATION DOESN'T GUARANTEE PRICE MOVEMENT
GOLD 4H UPDATEBoth TPs hit and minimal drawdown on entry. We will now start looking for possible areas of liquidity supply to go short
US30 4H sellA look at daily and 4H shows a long bearish engulfing which is one of the best and most reliable price momentum indicators. This shows that there is a willingness for price to continue bearish. Since price didn't break below the 4H lows at 33630, a retracement is necessary in order for smart money to sell at a premium. Now there is usually a liquidity zone within an engulfing candle and that accounts for my first entry. There is also an order block that price might reach to before dropping. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE DIRECTION. USE PROPER RISK MANAGEMENT
Gold short term sellMy thoughts on gold price action. R:R = 1:2. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. ALWAYS APPLY PROPER RISK MANAGEMENT
NZDUSD 15min sellNZDUSD shows some bearish momentum on 2H and 4H so I think it'll continue to drop at least within the earlier described consolidation range. My setup provides an entry on a 5min OB with a 1:1.2 R:R. NOTE: ALWAYS APPLY PROPER RISK MANAGEMENT AND NEVER RISK MORE THAN 2-4% OF YOUR EQUITY
NZDUSD 2H bullish reentry updateIf you took my setup on NZDUSD 2H bullish reentry please exit. Price obeyed my entry zone on 15M but it does not show any bullish momentum at that price zone so it'll most likely drop to go buy at a discount
Failed US100 setupHad posted this setup earlier but SL was hit though I had moved my SL lower. Still watching price action so that I can decide whether to close or hold
NZDUSD 2H bullish reentryNZDUSD still shows bullish momentum and has broken structure upwards on low timeframes. I believe that it has entered a consolidation range between 6288 and 6154 that we might take advantage of. My setup provides a 1:2 R:R bullish re-entry. NOTE: THIS SETUP DOES NOT GUARANTEE PRICE MOVEMENT. USE PROPER RISK MANAGEMENT
US100 1HFrom the setup I shared yesterday, Nasdaq obeyed our order block but price hasn't showed any bullish momentum. However, It has broken low time frame structure and created a new order block on 1H that we might use to take our buy chances. The setup holds up to 1:3 risk:reward. NOTE: PLEASE USE PROPER RISK MANAGEMENT AND NEVER RISK MORE THAN 2-4% OF YOUR EQUITY
Bitcoin Forcast Is this Bull trap ?In this bitcoin forcast price is rejecting from the strong level of support 19500 level which is also area of interest for the buyer and bulls trying to to push price to the upside. In candle price we see rejection in 4h timeframe which shows the buyer interest . I am going long and buy bitcoin for the target of next resistance level which is previous strong consolidation level of supply.
AUDUSD-Looking for sells upon pullbackSells from pullback make sense on AUDUSD, have had a build up of SSL now which should be eventually taken and some nice supply zones
Another Chance To Buy NZDCHF | How To Refresh Your AnalysisSometimes price will not respect your analysis and thats ok. This is not the time to back away from the pair, but to follow the new movement. In this video, I am showing you how I update my analysis quickly and how I tend to set my pending order for a buy.
GBP/USD - ANALYSIS - @TradersLounge.USHello everyone! Here's my analysis for GU!!
- I am seeing price currently struggling in consolidation between a supply zone the 0.38 FIB on the 4H.
*Next week I'll be looking for price to break out on either side of the market and I will take trades accordingly.
Let me know what you think! #Happy Trading
Miajah
Lead Trader @ Trader's Lounge
