BetterBusinessBully

BetterBusinessBully

Self journaling: Price is diverging on 1H bar close below 2357.95 (bearish engulf) I could see price push down ot 38.2, 50% or 61.8% for a formation of a Higher Low Ideal situation is to TP at 38.2 because the trend broke out but its at a top of channel so touching the bottom is possible as well. The best trade in these situations is waiting for price to come...

BetterBusinessBully Updated 

I am looking at two levels: I set an alert at 2311.97 cross up bar close I set another alert at 2293.80 cross down bar close I will be looking at PA around these levels for bullish or bearish sentiment. Using my 3 step rule sheet I will see which qualifies for trade. for now just observe and chart.

BetterBusinessBully Updated 

78.6 Confluence after price broke out of a bullish trend/channel and now has created a second top that is at the 61.8 of the last creating a bearish channel. Break and bar close below 105.488 has high probability to push down

BetterBusinessBully

Price has been in a bearish trend since April 2024 and had a correction (bullish ) for the last 10 days. Latest daily candle closed as a doji below 61.8. coud also be the top of a channel based on the confluence of the last 3 tops that seem to form a trendline/resistance I am setting allert for 80.891 bar close below as my confirmation for a short at the...

BetterBusinessBully Updated 

I don't think I will go into a lengthy explanation as to whats going on here. Check the chart and see price beautifully setting up for what looks like is a bullish run unless this low is broken.

BetterBusinessBully Updated 

4 or 5 time price failed to break above 78.6% retracement of the most recent bearish impulse move. Price has created LL but same highs inside of a bearish channel this being the top bearish candle patterns at this top on multiple high time frames i.e. - hanging man and inverted hammer Target 1 is 61.8 of the bullish move target 2 would be the bottom of the...

BetterBusinessBully

Similar situation as XAUUSD/Gold however the payout is greater bottom of a bearish channel however the macro trend is bullish, great opportunity since it retraced 100% based on my rules it has 70% win probability we have target 1 and target 2

BetterBusinessBully

Internal journal entry I am sharing with you all (Transparency) Based on my rules this is a counter-trend trade however we are at the bottom of a channel at a key level and failed to break the low. Instead price created a higher lower, which is a change of character A break and close above 2312 means I will target 2332

BetterBusinessBully Updated 

For the purpose of this analysis I am neutral however price did break-out of a bearish channel which was more like a range that when side-ways in a downward angle in terms of the LH but same lows for 9 days. Chart shows what I would like to see and obviously I would take long contracts as the corrective waves provided all parameters are met.

BetterBusinessBully

Remaining neutral until a bottom is established. If price action favors staying above 2285.21 there is a possibility for a correction I will not make too many assumptions about what happens next until after the first 8 hours of market open.

BetterBusinessBully Updated 

Thesis is outlined in the chart. Heavy 4H TF divergence > Bearish breakout already retested impulse followed by correction to 78.6% Inverted hammer above box Waiting for strong closing bearish candle and then retest of 199.504 to enter 90% probability based on rule parameters

BetterBusinessBully Updated 

Personal Journal entry Already entered trade is happening to fast based on Rule sheep parameters this is a 60% probability trade however over all trend is bullish probability that cycle just finishing and this is the start of a new Nice hammer engulf above box and there Taking ride up to 20 pips below EMA

BetterBusinessBully

Personal Journaling only chart shows detail Bearish move from last week to retrace back at least 50%-61.8% in order to continue bearish cycle. Ill continue to move my stop loss to break even in order to maximize my follow through. If I can scale in at those higher lows I will.

BetterBusinessBully Updated 

2414 support weekly support tested multiple times on 4H (support respected) Bullish retracement breakout to then retest 61.8% of the bullish move post breakout targeting 1.272 extension which is slight above 2435 which is monthly resistance and was tested during the breakout. Price will likely break through if it doesn't I will take profit here or just adjust my...

BetterBusinessBully

Price has been in a range for couple weeks, just retraced to 61.8 bullish retracement headed to the top of the range. This is a low risk trade with make buying major coming in to the top of the range, I’ll take two positions and close one at the top of range and wait to see if price breaks above the range finally send position tp will be at 61.8 of bearish...

BetterBusinessBully

Trailing and scaling initial trade great opportunity for another entry at this level for a short. Price was at a bearish retracement 61.8% broke out of the micro bullish channel. The previous bearish move was extremely violent in comparison to the bullish move that took a whole week. I will ride it down to about 61.8% retracement of the most recent bullish move.

BetterBusinessBully

Journaling: Price is sitting below 0.618 of the daily bearish move. Although price has moved up its taken 7 bullish candles to retrace 61.8% of 3 daily candles. Unless price breaks above 61.8 we will see a bearish move. No need for a large SL my target is the next 61.8 where I will take partial profits

BetterBusinessBully

Rational for bullish sentiment: After a full week of sideway consolidation price broke the high and had a bullish run; this makes the most recent trend bullish for which we had a 61.8 candle body retracement. We broke out of a small consolidation box and retested May 14th, 2024 Entered at 2350 w/ 190 pip SL accounting for Gold large range I will take partials...