This is an idea I have currently. I will have to wait a lot longer to get a full confirmation before entering a buy that I may post. However, I am expecting a slight lift in the Euro due to Chinese lockdowns being announced to end June 1st.
Here is a trade i took on NZDCHF, not my usual pair however the RRR was too tempting. Reasons for this trade was simple. The pair was trending downwards, and it pulled back into a nice fib zone that i have a method of placing. Also into a HTF supply Zone. I waited for confirmation and executed the trade which is now running in nice profit. I do believe we will see...
This is my analysis on GU, lately I've struggled with this pair however it is still the only one I trade along side gold. I don't trade using trend lines alone, I do use them to spot areas of price that I think could pose a threat of being breached. This is clear in my shown analysis. I think price looks almost ready to drop from where it currently is but given...
Gold respected the key level areas perfectly, and now i may look for sells down to the next level depending on PA and most likely not today. I have no overall predicition for golds price, I am just taking it key level to level and watching structure form. So keep an eye out for this and I will update if i see a trade with good enough RRR.
This is my next place i hope price will push into before making its next intra leg up to my target. This is a phenomenal area and if it break much lower than this I will loose confidence that gold will travel to 1824. keep an eye on this.
well done to anyone that got in on those entries, unfortunately for me i didnt get the second one. I am now using Trading View as a diary of the trades I am taking going into the new year. Had a struggle with the dollar on GU but made back nicely with gold. If anyone is interested in my method and wants to learn just ask!
I have had another go at GU after the movement earlier that blown my analysis out. This time I think it could drop and take the lows before it continues up. It has bounced off a key level and shown my entry criteria. Also the RRR is to good to miss
The first set of buys were a success and will soon move SL to entry. There is another chance to get in on the action once price retraces slightly. Depending on PA I will possibly get a better RRR on the second entry.
I am looking for sells once we breach this minor resistance area. Havent got a definite entry point however the RRR is looking to be great.
This has got the potential to go higher so i will be careful on entering as i am also looking for USDCAD sells which doesnt add up. However, its a tough time to trade around the holidays so these wont be traded live.