Gold bias for the week of 22nd August 2022 using market structure, support and resistance. Multi time frame analysis up to H4.
We will not be providing signals anymore, there will only be analysis. You can decide on the exact entry price, TP and SL yourself. Make sure you learn from the analysis and don't just copy the numbers. Let's break this trade down; 1. Price is on a downtrend; confirmed on the higher timeframes 2. Price hit support 3. Hit again 4. Hit again 5. Support...
Orderblocks are a form of Supply & Demand Zones and price can commonly find Resistance or Support on them. For those who are new to Technical Analysis; "Support" is a area on the chart price and demand (buying pressure) increases from, with "Resistance" being the opposite, with price decreasing and sellers increasing from the latter. This makes them a great tool...
Hi fellow traders. Considering GBPJPY has just tapped the trend line from below acting as support, I plan to swing this trade to the upside where the upper resistance trend line lies. Aim to enter slightly lower than the current price, setting a buy order around 133.350. Could possible retrace lower and then move to the upside, so be ready to buy in at a lower...
Looks like it's bouncing off the daily to continue bullish. But do not be surprised if we revisit the trendline or go underneath it a bit. The large drop may give it a reason to test more bearish waters. Not much to say on this one. A trendline break will signal the bearish continuation if there is one. BULL TPS: • 144.356 • 144.844 • 145.638 • 146.961 ...
Support & resistance is really something that works in all financial markets, it's worth studying how to determine the proper way to finding and drawing it to be able to find the best trades possible available in any given time. I use support & Resistance to find direction, (you can find it on any time frame), The way this works is you connect highs and lows, as...
Bearish Advanced Gartley on EURUSD