looking out to take two trading opportunity on this pair, using supply and demand stategy
Price 2000 tend to hold a poi resisting price, selling off the zone retest after a trending line confirmation has been meat
Once the price brakes and close above price 0.671, buystop order will be executed cus the based zone show sellers weakness
the trend line support is still respected, tending to give an explode in price creating a poi zone given the weakness of sellers
the price has been respecting the trendline support, then price tend to bounce off and creating a poi zone which signal the weakness of seller..
Buying off a support zone after price as bounced off the trendline and given a p.o,.i zone has a sign of selling weakness
entering the sell entry trade after the market has tested the P.O.I zone and the given the chance to place a sell order
Short entry off p.o.i zone, take profit of the nearest zone below for quick and profitable exit
After the retest of a P.O.I zone, price is tend to sell to the structure below
A sellstop order had being place around price 1.634 and stoploss just above the zone ,,, if price brakes and close above 1.64 before opening the trade, this trade is not valid ...
entering sell at current price, tp around zone .875. Then potential buy from there back to .881
Gold might probably retest the P.I.O around price 1645.5 so has to pick a longing momentum then probably exit around price 1710..
After testing zone 0.853, the market structure broke my trendline retest it, so am looking forward to exit at the price below
Here on E.A, my trendline got broken and give a retest back into to the possible supply zone . Looking out on this trade .
Here on Gold, the major dynamic support zone got broken and gave a possible sell entry, with that done my target would be at level 1735..
Here on AUDCAD, my trendline got broken and also retested last zone of supply along side the trendline, my stop loss is tight so it wont be too much of a bad trade for me
Here on gold, my first major trend line got broken but got rejected by a resisting zone/price of 1815. Now with a new trend line broken and level 1815 out of my way, my next target level would be level 1835.
it would be great to sell now, based on the fact that its broke trend and the retest my resisting zone along side with butterfly pattern formation