Eu Effortless SellsSimple but effective sells on Eu.
Keep it stupid simple
Eu was selling, I don't like guessing, so I sold in accordance with the momentum.
My entry was based on price stop hunting a level on the lower timeframe. Momentum is the key to make my strategy work. If there is no momentum in the market. My strategy will fail almost every time.
This trade went up to 1:4 Risk reward but is currently floating at 1:2.66 RRR. My stop loss is at break even at this point as well so I am just chilling waiting to see what happens next.
Follow for more updates. Godspeed to all traders
Sells
EJ 4H Sell Idea 2/25/24Price is at the highs of Nov '23.
Double tops are forming on the 4H and below.
Looking for the M to complete on the 4H at a minimum before returning to bullish price movement.
Price could very well continue bullish from where it currently is, but we shall have to wait and see.
NVDA Short SwingAfter a very big bull phase on the NVDA Stock, we start to see some reversal pattern on the 1.618 fibonacci level of extension. We can see the formation of lower lows and a stop hunting at the top (and near the extension level we are looking at).
What are we looking from ?
First we want to see the recent gap to be filled on this swing position (around the $315.0 level and the $306.0 50% of Fibonacci will be great but we can also see the $280.0 level of interest).
Then potentially, we can wait to see a bounce on this level for a long (but we are not here for now).
For me it's a strong short bias on this asset with decent R:R.
Great Trade !
[BTC] Bitcoin Short Setup TriggeredAs a very opptimistic on the Crypto Assets (and even more on BTC), I am not really into short on those assets, but here we have a short opportunity for a corrective move (still very strong bullish on the long term for me regarding technical and fundamental aspects).
About the setup we have here :
On the daily timeframe we can see a very extended price and then a clear rejection of the $38.000 round level with a great fake-out and absorption of the price by the sellers. So what we are looking at can probably be a stop hunting to fill into the liquidity and move the price lower now (by the big hands).
This is not a short trade signal mainly but can also be a warning for the long positions to exit a little part by taking some profits (we will have other levels to enter for more long).
Great Trade !
GOLD scalp ideaLooking for gold buys or sells depending on where the FIVE MINUTE candle closes respective of the levels marked in the chart
Gold has seen a strong push to the upside and I don't believe it's completely exhausted yet. However, that does not mean price action won't play out on smaller timeframes.
Gold 4H Sell Continuation Idea 9/30/23At market close, price has closed below 50% of the 3/13/23 D B FVG, but price is in the top 50% of the 3/17/23 4H B FVG. PLUS price closed with a bearish engulfing on the 8H. Since price is in a downtrend I am looking for price to continue down another 300 pips to the 2023 yearly open. Depending on the type of trader you are I see 3 possible entries from where price currently is:
1. 4H S Fractal
If you trade fractals you should already be in this trade. You may see some pull back, but until I see some bullish pressure, I'm looking for price to continue a good 300 pips to the 2023 yearly open
2. 4H B FVG
If you are a counter trend trader, you can get a good 140+ pips out of a possible pullback to the 4H S FVG that has been created in the drop before market close Friday 9/29/23. If not stay out and wait for more sell confirmations to get back in the sell
3. 4H S FVG
If price does pull back, I'm not looking for more than a good 150 pips into the gap that was created at Friday market close. So from there you can catch the sell continuation down to the 2023 yearly open minimum. The next low is WAY below that.
As we know, price does what it wants to do, so be careful and wait on your confirmations. Happy Trading!!
Gold 4H S Idea 9/23/23Looking for Gold to continue bearish when market opens. Price is currently wicking and refusing to go higher at market close on Friday. There is a 4H liquidity zone where price is refusing to break. I'm expecting a 4H sell fractal to print after market opens. Lets see what happens
XAUUSD Gold breakdown MonthlyMonthly chart shows one thing. STRONG rejection. And where there's a strong rejection, there's a chance of a price reversal.
How does this coincide with what we are looking for? Well, August monthly candle did not have a top wick. If we can get a top wick created for the previous months candle then September SHOULD see a sell off going into the end of 2023.
Target long term if you're taking swing sells remains the 1800 level.
XAUUSD Gold sell limit scalp test tradeAnd sure enough Price action did exactly what we were looking for price action to do.
Typically I would move stops to break even and take partial profits here, however due to the fact I am taking a reduced lot size (0.01 lots as I am currently testing the trading style out) I will move stops to breakever at our BE line (1909)
But I hope this was an educational post and demonstrates exactly how and what I look for in the market when taking trades, and as I sample more and more of these types of trades/entries I can look for ways to improve it.
XAUUSD Gold forward testing an ideaTHIS IS NOT A TRADE TO TAKE - IT IS PURELY FOR EDUCATIONAL PURPOSES FOR MYSELF
Looking at previous price action and PA mimicking it, I'm looking to take a 0.01 lot sell limit here at the level marker at 1912.5 so that we can assume price will continue down after grabbing liquidity
Price closed below a level, rejective off of 1904 as it has done previously so looking for sells here will be beneficial for us giving us an advantage.
XAUUSD 1H timeframe sellsWith the higher timeframes all being bearish, it would make most sense to be looking for sells, especially on the lower timeframes as we do not want to be fighting the trend unless we look on a smaller timeframe.
Should we see price close below our key area of support at 1881.9 then I will look for a retest of this level where we can take a sell-limit and aim for a full TP of 1873. This does not mean we won't take partial profits and move stop loss to break even at 10+ pips as risk management is key!
For buys I would need to see structure form on the lower timeframe, but right now with us being stuck in a range on higher timeframes it would be risky unless we aimed to trade within the range however something like this could take hours to play out.
XAUUSD Gold 4h breakdown and analysis for buysLooking at the 4h timeframe there is a bullcase for buys at this level.
1. we are at a key level of support
2. the smaller bearish channel has seen us bounce from the lower band of the channel which aligns with the support level
3. the larger bearish channel is yet to see a test of the upper band, which should we break up through the smaller channel, retest, we can then see price move back up.
XAUUSD Gold daily timeframe breakdownAs ever with gold, it's a staircase up and elevator down. Price has been bearish since the 8th of august with a new low being created, breaking the lows from June after the March pump and with a high amount of liquidity being grabbed there is definitely a chance for buys here.
1876 on the daily timeframe being respected would be a key area for the weekly candle to reverse/flip where liquidity is being grabbed from the downside and retesting 1900.
XAUUSD Gold daily breakdownIn yesterdays breakdown I mentioned we could see a push to 1903 and we saw that today. With price having tapped the support we last saw 2 months ago, there is a chance from here we continue down.
Could we bounce? Absolutely, the question comes down to did we grab liquidity first.
1893 would be a potential level where we see liquidity being grabbed and price moving up. Keep in mind we still have not had a top wick form on the monthly candle for August, so there is liquidity to grab before price sells off down to 1800, but this isn't a guarantee, price can continue down no matter what.
Linking to the DXY chart, if we see the 103.66 level reject then Gold should bounce off support and continue back up.
Overall bias remains bearish with caution to the current support level.
XAUUSD Gold 15m scalp ideasLooking at the 15m and 5m gold timeframe we can see potential scalps going both ways here.
Looking to scalp gold on the 5m timeframe, sells are looking a lot more probable for me but I wouldn't shy away from buys if we can see a break of the 1917.653 level, followed by a liquidity grab towards 1915.874.
XAUUSD Gold daily timeframe sellsAnother day, another crazy move down by gold.
We are seeing a high amount of USD strength as Gold continues to drop through various support levels, the most significant one being 1939.
Anticipation here is for gold to continue down to 1909 now, with NFP on friday and the ADP news today being better than expected, price continuing down would make sense but as always, we wait for confirmations.
For those still in the daily sell swing trade posted two days ago congratulations on a $50 move.