This looks like a inverse head and shoulder pattern, we could see more upside to 1907 (our target) which was measured from the distance between the shoulders or ' channel ' before the price broke down to form the head. Two possible entries: 1. 1885 2. 1896 Set your own stoplosses. Use your own risk management. However, I'd like you to kindly note: You...
This is probably by far the best example of what a channel looks like. A channel means, price could break up, which means we'd be able to get into a LONG position or it could mean it breaks down, which would indicate we jump into a SHORT position. OANDA:XAUUSD is extremely volatile . Volatile - Adjective 1. liable to change rapidly and unpredictably,...
Hello TradingView, from following the price we're able to identify prices we can jump in and get out on. Use the wicks and opens / closes of candles to pinpoint those moves in price. This will give you a very clear understanding. We identified the strong prices. We waited for it to break it. We waited for it to test. Then we entered. A almost 0 drawdown...
Good morning, good evening and good afternoon. I hope everyone has been doing well. Analysis & Key Points: - Price has fluctuated between 11956.2 and 11808.4 over the last few days - Price had visited 11956 from 12306.5 in one candle on November 9th 12:00 . - Channel showed more rejection from the bottom of 11804.4 on the 10th November at 8:00...
It's not a difficult time if you just know where to look. Look for important turning points in price. Whether it be a price it's visited multiple times or just once. Use them in your research when making accurate decisions on price direction.