Solid set up for GJ short, 78fibo near trendline. Triangle formed
Solid set up for sell, 78 fibo and buy trend broken with break of structure and pullback to 78.
Just a random idea of nzdjpy short, 3 trades, one really tight scalp and 2 semi "swings", nice zones, trend line touch.
Looking like a M pattern nice entry, nice stop loss, nice risk reward, all in all good trade, on 78.60fibo level of Daily fibo. should be strong if the bigger picture is long.
It looks like the structure is broken since it failed to form a higher high and consolidated between 1951 and 1956 area forming a potential lower high and a break of bullish structure. With that being said we could see some bearish moves, but I still see this as a bullish trend and a 15m break of structure shouldn't be that strong indicator of GOLD going down so...
Late entry but nice looking trade, good luck
This is how I see gold now, looking promising for buy
If you look at the 4h time frame you can see this zone I draw is a strong one and also the support line for the down trend on daily is being respected so far, you can watch for the pullback at the support line for a better entry and better risk reward but even now it's looking good ... Also keep in mind this sell can turn into a nice swing so think about leaving...
Let's see if it respect this levels and zones, could go into nice short from here.
Nice risk reward, London session starting, might get some pips here
It's still a strong volume to upside but watch for reversal or exhaustion and try to sell! GL
I see a nice zone here and a 61 fibo from the last drop, enough for me to try this 1:5 trade,good luck and risk low to success
Looking to short XAUUSD with narrow stop loss, wider SL for higher security and lower RR ratio.
There could be a scenario in which market forms same high as previous high and stays in the zone giving us a better entry, but I tihnk this is good enough and that bears are stronger right now. Good luck
Le'ts see if this daily will close below support line
looks like a good swing... I'm not rly a swing trader, so I'm not quite sure what would be the confirmation of this trade and how to trade it ...but it looks like a buy
break and retest on daily ,50 lvl fibonachi
If you look at the M charts you see this minor zone was already broken several days ago and I see this as a retest. Will it bounce off 50 or 61 lvl of fibo and rally to major monthly resistance ? or could this be a trend reverse ? Let's see. Also RSI indicating a drop. Would like to see what you think of this so feel free to leave a comment.