This is the first correction we have after the break of the Higher time frame structure. Moving down to lower time frame, market has broken out of the Bullish flag pattern and is on its way to fall back and retest the structure.
Here is another entry for next week. Price broke out of the Smaller time frame Falling wedge pattern and retested it. Now is the time to enter the market and hold until the last point of exhaustion. Please use proper risk management.
Well, its clear. Just look for a reversal pattern around that area of rejection. This will be my confirmation for the Sell entry. Use 1H-15m to spot this patterns. If theres no pattern, then theres no trading.
Well this one doesnt look very much complicated to me. This is why i didnt go further down to the smaller time frames to see what is really happening. Theres only one thing that am looking for right now from this pair and it has not yet presented itself. Once price enters the retest zone, this is where i will be taking a look at the lower time frames to see if...
This is the same scenario as GBPJPY. Look for an entry after the lower time frame retest of the falling wedge pattern. Use proper risk management. For consultation, please leave a comment.
Well it looks simple and clear to me that the bulls will be taking over from this point until it hits the top trend line. First take profit will be at 152.518 seen as a resistant area, and if price slows down there we must be ready to either add more positions or close the running positions. Only if theres a pattern given around that area. For more details, please...
Whenever the price is at a structure/zone/psychological level, market makers always find a way to build momentum before moving the market. I know a lot of people who post videos on youtube explaining some terms and market approach never touch the part of being trapped by the market makers and also failing to detect a pullback or reversal. This knowledge is needed...
I hope this helps you see a better picture on XAUUSD
Well since it is still holding the price around the resistance, I advice you to wait for a sign of strong rejection to the downside or maybe wait for sign of STOP TRAIL breaking resistance and trapping more people on the wrong side.
On my side, I see a much bigger opportunity to SHORT this pair but right now will be a bad idea to do so due to various retail confirmations. If you understand price action very well, I hope this TOP-DOWN VIEW should be clear to you. 1. D1 TF shows a rising wedge pattern (BULLISH REVERSAL). 2. H4 There's a break of the D1 structure followed by a Bearish Flag...
This marks the end of the correction continuation pattern. TP AND SL provided
Well this is how am waiting for the EJ pair to play by my rules. But anything is possible in the market and i wont be surprised if things change
Taking a short position on this pair due to the strong confirmations i saw. If youre seeing the same then lets get some pips
If the correction is done, enter your positions upon the completion and manage your account very well with a R:R ratio 1:3 For more information hit me up to join my community.
Once price breaks back into the channel, look for a bullish flag on the 4h-1h timeframe to support the strong buy bias. If the pattern presents itself you must enter at the end of the correcdtion on the 15m timeframe. For more information , Dont hesitate to hit me up.
We will be looking to take in all the possible entries if this plays out well despite the fundamentals