EdgeTradingJourney

EdgeTradingJourney

On EUR/USD, we have a bearish setup in the last week. The market is generating a supply zone with two price retracements before further declining and breaking previous lows, creating BOS in the process. The objective of this trade is to aim for 1.0880. Let me know your thoughts in the comments. Happy trading and have a great day.

EdgeTradingJourney

I have identified a very strong supply zone in H1, as the market retested the area 3 times before breaking through it. After the breakout of the supply zone, the price created a BOS, allowing me to identify an additional POI within the previous supply zone. Now the objective is to wait for the price to drop to the 90 area, and then look for a long entry. The first...

EdgeTradingJourney

I have highlighted a sell zone and a buy zone that I will use as reference for my profit target. The trade in question is really simple, just tracking the price on the supply area. I opened with a stop positioned above the highest candle within the sell zone. Let me know your thoughts in the comments. Happy trading and have a great day.

EdgeTradingJourney

GBPAUD after a retracement has a potentially bullish trend breakout. In my analysis, I have identified a support zone between the 38% and 50% Fibonacci levels, which the price has breached, generating a fake low. After the price has returned above the support zone, it could push upwards to touch the previous highs. Let me know your thoughts in the...

EdgeTradingJourney

On the gold chart, the expectation is for a return to the area drawn around the price of 1975-1985, followed by a subsequent rise to the 2040 level. Let me know in the comments what you think.