Hey Traders, UJ price looks like it will test the most recent highs. Looking for BUYS up to this area and possible SELLS at the supply/resistance level. Confirmation entries are recommended. Remember to be adaptable to trade either way at the "extremes" of price. Price will either break out and continue higher or start showing rejection and sell off. Happy trading. DIONNG
Hey Traders, gold is trading around $1935 at the minute. After testing highs of $2080, gold pulled back and found demand around the $1810-$1835 level. October 6th we saw gold gap upwards $10, where there was an eventual break of structure(BOS) resuming the uptrend and climbing to $2009(27/10). Two attempts to go higher failed and price has retreated 38% to its...
Hey Traders, this is a longer term picture of how GA has been performing. After reaching a high of 1.9971(17th August), price started to decline finding support at 1.8860(29th September). On two occasions(13th/24th October) price failed to break 1.9342(resistance) and from there it went lower finding support at 1.8903(2nd November) before bouncing. Yesterday,...
Hey traders, this is a standard set up after price shoots up exponentially the previous day. Price is boxed in between 188.29(high) and 187.75(low). The "golden zone discount level" is at 187.30/187.0.7. Only "confirmation" buys at this level. A break and retest of the lower boxed area look for sells to the GZ. If it bounces at this level it will test the highs...
Hey Traders, if you are into chart patterns you can clearly see the Head and Shoulders pattern forming on the EU. Most traders will identify this and immediately look for sells at the right shoulder level(1.0705). Chart patterns can be predictable but in the right context and situation. I would not be selling without confirmation solely based on a pattern. We have...
Hey Traders, looking at this pair we have price boxed in between 185.95 and 184.55. Price bounced off support on Friday suggesting it may test the highs again. Monitoring price action leading into London session for possible SELLS at or above(liquidity grab)resistance. For BUYS I'm looking for a clean break out and retest before taking action. Be prepared to trade...
Hey Traders, GA has been selling off lately but seems to have found support at 1.8970, a level respected back in July of this year. A bounce off this level to 1.9150/1.92500 would not surprise. However, caution with the buys as we are in a downtrend(1.8500 likely target). Watch price action around supply areas and trade accordingly. DIONNG
Hey Traders, I'm interested in BUYS here if price retreats to Demand/Liquidity below and bounces. If price sweeps liquidity above 182.97 during pre London, monitoring price action for SELLS(08:00/09:30) with confirmation as there is a supply area above at 183.25. If price breaks support - SELLS. Either way, play it safe and wait for a confirmation that the trend...
Traders, price is boxed in between 1.0575 and 1.0615. Bearish sentiment. A break of support and continuation will see 1.0500 target hit. Expecting a pullback(possibly to 1.0635/50) where we can look for SELLS if price action looks favorable. Be ready to trade either way. DIONNG
Traders, I'm looking for rejection at the supply area marked(157.10/157.25) for a "confirmation" SELL at least to the to the lower demand level at 156.30. I will not be entering a sell without confirmation because price can pullback and then continue heading to resistance level(158.70) before selling off and/or breaking higher. Trade accordingly. DIONNG
Traders, I'm looking for price retreat coming into the pre-London session and sweep liquidity at a level of PREVIOUS DEMAND with a view on BUYS. Price may also sweep lower below support before bouncing and/or continue lower. Look at price action and trade accordingly. If five people message me requesting a video explanation, i will post one. DIONNG
Hey Traders, price is boxed in(1. 2412/1.2380). Several scenarios. DIONNG
Traders, price boxed in (1.0680/1.0630), liquidity both sides. Supply at 1.0730, Resistance at 1.0630. Trade accordingly. If i get 5 messages for a video explanation, i will make one traders. DIONNG
Traders, after posting a high of 1.7070, EA has been selling off. If support at 1.6640/50 holds we may get BUY opportunities(resistance 1.6800/1.6900). Overall BEARISH price action so caution with the BUYS. If EA is going to test the high price(1.7070) we need a convincing push above the resistance level of 1.6900 to position for BUYS. Other than that,...
Traders, price is boxed into a 90 pip range with liquidity on both sides. GA sold off last week and expecting some sort of pullback before continuing on its downward trajectory(1.9100 probable target). Watching price action. Trade accordingly. DIONNG
Traders, two things can happen here. Price can bounce or continue its downward trajectory. We can see that we are down trending and until otherwise proven we remain bearish. A drop below 1.9427 will see 1.9300 level tested. On the 4HR chart we have a BOS(HH) and a move lower that soaked up liquidity(buy side). We may see a temporary bounce up to the 1.9748...
Traders, similar to EU. Boxed area between 1.2514 and 1.2445. Resistance at 1.2588. Broke out of "box"(lower resistance). Break out/retest for higher? "Fakeout" to soak up lower liquidity before bounce? Continuation lower? Watch price action. DIONNG
Traders, we are still down trending until the price breaks(BOS) 1.8450. Price is boxed in between 183.92 and 1.8324. Monitoring price action for breaks below or above. Trade accordingly. DIONNG