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$Gold is at important level 1740/50$Gold is likely about to break 1745/50 resistant area. I was able to buy from 1700 level, add more on 2nd up arrow , flat my positions on 1720s.then rejoin the buying on 3rd up arrow , was stoped due to the Fed announcement and se-joined on the 4th , after the Fed , and I set it up on small pull back. and I flatten my position on 1740s. soon after that, Gold was rejected at1750 back to 1725 , but buyers still came at that level too and lifted up the price. I will not join the Buyers yet. I want to see the strength and the follow through from those 1725s buyers. if price move close to 1740 level, I want to see the sellers do more short covering, and this will push the Gold to the next level. but if the buyers give up with the level, we will see more liquidation to the down side. Feds announcement was as expected, There is no news catalyst to shift the price urgently. So I want to see either the price to initiate above 1750s for new business area; price shift up confidently to push the sellers to do short covering, or liquidation. I am flat right now and let see if those 3 scenarios will play.
OANDA:XAUUSD
by ruby_kinetix
1
Scenarios for EURUSD 10/06Fuchsia zones are HTF value area limits with supply zones from march, green zones are VA limits with demand. Flag movement with black line showing pole and rectangle showing flag. Looking for continuation once tests green dotted line at 1.1285. Exit at top of area 1.1379. 11/22 tick stop. If top gets tested first you could go for the pullback instead of continuation. Demand zone from yesterday shown at lower time frames (hence the green dotted line entry): Fib is just for kicks
by caiobortoli
Big Long opportunity for ZBVery large value area + demand zone play as ZB is approaching new lows. Both of those drawn on the chart. Looking for longs at 174'02 but my favorite place to go long would be 173'02. Once it bounces, expect a pullback from the down move at least to previous swing lows and VAL of yesterday at 175'08. For stops go for 8 ticks (based on lower timeframe structure at the top of area not shown on this chart, if they get broken then we cut the trade expecting a swing lower down the macro value area)
CBOT:ZB1!Long
by caiobortoli
TMUS LONG idea. BUT! Against Double TOP!Very strong set-up in the TMUS Stock Market today. Let´s analyze that! T-Mobile went up with confidence, but then, because of the COVID-19 collapsed. What is interesting, however, TMUS recovered very quickly and is again above the channel, which was respected for a long time. Whether you like it or not, IT´S A LONG SIGN! INSIDERS are those guys, who stopped the falling market. Why would you buy your own company if you don´t believe that its Stocks will go higher? Price Action brings nice patterns such as trend-lines, pinbar, rejection, and double top. Why am I thinking about Long trade against the DOUBLE TOP? The answer is simple - there are more signs that confirm Long SETUP. And that is the reality of trading. You will always have something you don't like. The decision is yours. Good trading, Jakub FINEIGHT
AMEX:SPYLong
by Fineight
SUGAR - CHEAP for coffee! #COMMERCIALS LONGHi traders, today´s analysis contains information about possible COT trade in the SUGAR. Commercials increased their Long positions, and we are near the extreme SUPPORT level - Edge of the Value area! Sugar also created a nice REJECTION that confirmed our expectations. Do you remember "Buying tail" from the last videos? Sugar´s tail is one of the most beautiful ones. Do I enter the trade right now? No! I am waiting for the 123 pattern that is safer. It´s the last confirmation I am looking for. Remember - trading is about connecting the dots. And that's what we do in the video. Good trading, Jakub FINEIGHT
ICEUS:SB1!Long
by Fineight
USDCAD Swing trade tutorialHey Guys, I wanna show you how I trade swing trades based on my SR levels. Firstly I am waitting for a market to arrive in a SR area and then I am looking for a trade setup. In this case we can see strong buying activity which can be confusing, but mostly its good sign. Then I see pinbar with our formation which shows bigger volume and possible trade signal. So I entered trade command with SL and was looking for the first TP. I saw that in RRR 1:1 is strong gap and stargap formation which can be strong SR zone ( this significant zone was first TP ). When first TP was filled I moved SL on BE and let UC run to the second TP or BE :) Hope it will help you. Very similar trade you can see on EU idea from monday.
Education
by Asanato