Gold has finally gave me the buy back up to my sell zone and was rejecting it towards the end of last week. We entered sells on Friday before market close and I'm expecting a sell continuation throughout the week. What do you guys think gold will do this upcoming week.
I haven't posted on here in a while, been busy with my group. GBPJPY has been moving pretty smooth lately. After giving us that last sell move this past week it broke and retested my zone indicating sells but it also appears to be forming an inverted head and shoulders. I'm thinking we're going to get a buy move back up retesting the zone it initially sold from...
Normally i wait for price to break above or below my zones but im anticipating the sell and sold at the top of the range. If we get the break below the range I'm expecting a retest to that orange line and then a move to the green take profit zone. Once that retest happens i'll go breakeven on my entries at the top and add entries on the retest.
EURAUD has made it's way back to the original sell zone. I caught 100 pips on the original sell, price didn't break the zone, so I'm selling again right at the bottom of the zone. Low risk setup risking 30 pips to catch 90-140 pips. If price breaks above the range then i'll look for buy moves instead RR: 4.70 Let me know your thoughts on the move in the comments.
GBPAUD has been moving similar to EURAUD if you've noticed by my trade ideas. GA has come back tested my sell re entry price and rejected it with a wick. I took the sell since its showing rejection as well as it being a low risk trade after catching the initial 100 pip sell. 25 pip stop loss, if stop loss gets hit then it'll most likely be a break above the...
I got to my computer late but i caught a gold sell this morning after getting a break below and retest. My first take profit zone at 1920.00, I'm expecting price to test anywhere between 1914.00-1912.00. So i'm waiting to see if we can get one more retest around the 1925.00 price area for another low risk sell opportunity. If so i will be reselling again down to...
If you saw my previous gold trade idea you'll see that I caught a decent sell move. Price hit my first take profit, then started showing rejection to that area so now I'm switching to a buy move. Risk will the the same as last trade: RR: 2.60 so if this trade ends up being a loss I'm still in profit overall on gold but if it ends up continuing to reject this zone...
If you followed my last setup for gold you'll see that the buy move end up playing out. Im expecting for price to test anywhere between 1933 and 1955 and then continue with a down trend. I'm not going to rush anticipate anything though so I'm going to give price a few hours to move and see if i see any new possible setups during London or New York session.
We previously caught a sell move on GA earlier today. I was expecting either a head and shoulders set up around current price or a test a little past the most recent low that was made. I have a sell limit set around the 1.95200 area. I'm going to risk 30 pips to catch 60. Basically expecting price to retest/close on the zone it broke for buys earlier this week...
I'm anticipating short moves for GBPAUD but it depends on how price acts around the zone i have marked at the top. I would like for price to close within the zone, pull away, make a consolidation box, close below, retest and then give a big sell move that i'd usually look for. On the other hand price could close above the zone, consolidate, break above and give...
GJ has finally come a retest my previous zone from last week. Although i caught a sell move friday price never actually retested the zone like i normally would wait for before entering. Now that price is finally retesting the zone I'm anticipating a close within it and then a move right back to the down side. My zone is about 50 pips wide which is why i waited...
Gold has been holding in-between this zone on m30 that I've had since last week. It gave a sell opportunity around 1944 yesterday that i missed, now its giving a close below the previous zone. Im looking for a retest within the zone and then a push to the down side 60-120 pips with my stop loss right above the zone. RR: 2.50
I secured profits on Gold since it is the end of the week. -150 pips secured -4.88 RR *Still expecting gold to continue upwards to my target of 1965.00 but i'll wait to see how price is moving next week if the target isn't reached before market closed today.
If you're familiar with my recent trades then you know what I'm looking for. Nice range, Break of the range, retest of the range, entry right inside of the zone. Looking for price to come test my last zone before a continuation of the sell. -4.20 RR
Possible sell move. similar to my older moves posted. Consolidation range, we got a break above that i missed. Bad use news pushed price below the range, retested and now I'm expecting continued bearish movement down to my next zone. 1.50 RR
I posted a sell move that i took last week, it was a 6.42RR that only went 10 pips into drawdown and finally hit my take profit of 192 pips. Im still expecting an overall continuation of bearish movement. Once i get a break below the white line i have directly under my take profit zone, i will start looking for sells into the gray zone i have in the 1.09800 area.
Zone, Break of the zone, retest of the zone. Simple move that went immediately into profit, closing if we don't get a good close below the white line. - 2.19RR