Drooelm

Drooelm

The GBPUSD 30-minute chart shows a bullish trade setup initiated after the price tapped into a significant demand zone around 1.3274. The market experienced a sharp sell-off, tapped a demand zone, and showed signs of reversal upon reaching this zone. This is a buy setup on GBPUSD from 1.3274, targeting TP 1.3408 with a stop-loss at 1.3215, protecting against a...

Drooelm Updated 

USDCAD is bouncing off a major daily support level around 1.38100 after a strong bearish move. Price action shows early signs of bullish interest, with the potential for a correction toward the 50-day Simple Moving Average. My target is set slightly lower at 1.4142 to ensure profits are secured before major resistance hits.

Drooelm Updated 

Gold is currently sitting on a key support zone I’ve also observed multiple wicks rejecting lower prices around this level, suggesting buying pressure is stepping in. This trade is a short-term bounce play. I aim to catch a move back toward the 3,326–3,330 area, which aligns with minor resistance from a previous lower high.

Drooelm

The GBPUSD price has recently bounced off the daily support level at 1.260. There is a likelihood that GBPUSD will ascent towards the next resistance level around 1.287. I took a long position with a target of 1.287, aiming to capitalize on this expected move while managing risk appropriately.

Drooelm

The price has gracefully descended from 1.27700 to 1.25200, and retraced to the 0.5 Fib level, thereby presenting a potential profit avenue. Here's the plan: SELL GBPUSD Consider entering the trade with caution as the stop loss should be strategically placed above 1.26750. The take profit level is set at 1.24650, aiming to capture gains during this downward movement.

Drooelm

Trading enthusiasts gather around! 🚀📊 It seems like the whimsical world of trading has a sense of humor—have you noticed the uncanny resemblance of the current GBP/USD chart to none other than the Bart Simpson pattern? 🤯📈 Whether it's a quirky coincidence or a trader's interpretation, the highs and lows seem to be crafting a pattern that resembles the spiky-haired...

Drooelm

Here's what I see: 1. The Head and Shoulder Neckline is being retested after the price broke below it. 2. Bearish Quasimodo 3. Price at strong resistance (at this price-point, the price had difficulties breaking above) Short Gold.

Drooelm

Quasimodo SELL Bearish Divergence on RSI & Awesome Oscillator Waiting for the price to come to 1984 and, with confirmation, will enter Sell position

Drooelm

Gold price broke below this Support (see A) and came back to retest it. Seeing the rejection in this area, I see the price will continue going down. Unless the price breaks above this region (see A), my bias remains Bearish.

Drooelm

~Divergence on RSI and Awesome Oscillator ~Quasimodo Sell Pattern ~RSI below the Rsi-based MA Therefore, we expect GBPUSD to drop, at least to the immediate next Demand Zone. #DrooelmFX

Drooelm

Price currently at an area of interest. It has respected this support level several times. Also, there is divergence on both the Awesome Oscillator and the Relative Strength Index indicators. However, since I trade the Rsi-MA crossover strategy, I would wait for the RSI to cross ABOVE the Rsi-based MA before entering LONG. #DrooelmFX

Drooelm

RSI has crossed ABOVE the RSI-based MA Enter long, expecting the price to rise to the next fresh supply area. Close the trade once the RSI crosses BELOW the RSI-based MA. Leave a LIKE if you agree with this idea. Drop a comment as well. #DrooelmFX

Drooelm

Good SELL opportunity for GOLD. Why I think so? See A: Asset's price at a good SUPPLY AREA. We see Base-drop-Base, which shows this area can be used for SELL entries. See B: Support & Resistance Area at same level as the Supply Area, indicating it is a strong SELL area See C: Divergence on Awesome Oscillator See D: Low volatility, weak trend movement...

Drooelm Updated 

Good SELL Opportunity for XAUUSD. Why? -Asset price is at an area of interest, resistance area -Divergence happening on Awesome Oscillator (AO) Conclusion: Pullback imminent. Good SELL opportunity for XauUsd Entry: 1768 | 1772 Stop Loss: 1775 Take Profit: 1736

Drooelm Updated 

Reason for Entry: ~Price at Demand Area (1675 | 1700) ~Divergence on Awesome Oscillator, indicating potential for a reversal/pullback ~Good set up for a BUY Trade, with stop loss set at 1674 (just below the Demand Area) ~Take profit at the next Fresh Supply Area (1763 | 1773) #DrooelmFX

Drooelm Updated 

Asset price is on its way to the next Fresh Supply Area as was previously predicted . Why I think so? See A, where there is a clear break of structure. Price broke above resistance See B, where price forms Rally-Base-Rally, a good demand area See C, where asset price has successfully retested the previous resistance point which now acts as support Conclusion:...

Drooelm Updated 

So long as asset price doesn't break below this supply area, this is a good opportunity to double down on BUYS. BUY entry: 1711 | 1720 Stop Loss : 1709 Take Profit : 1763

Drooelm

Wait for the price to come to the Demand Area (1720 - 1730). Entry BUY: 1720/30 Exit the trade if price breaks below the Demand Area (1720). Stop loss set at 1718. Take profit at Fresh Supply Area (1764 - 1772) #DrooelmFX