On h1 THERE IS NICE BEARISH ENGULFING .. SL JUST ABOVE THE S.TOP. TP OPEN BUT CAN EXTEND TO THE TARGET. RSI OVERSOLD ,, MACD plateau but can expect a downtrend.
The black rectangular boxed area represents a supply zone for a potential sell trade. The stop-loss (SL) is set at 1.24016, while the take-profit (TP) is targeted at today's low. you can take it anywhere as it flows .. i always set three of them .. one bigger lost to be closed early.. second a little lighter that extends 2 times while the 3rs one a small lot that...
price moved huge .. Took Sl of course cz people sold of good US data hahah .. with all this patience selling huge lot now
just waiting for price to reach the fibo on my chart and is a pending buy there
"I've initiated a sell position on GBPUSD with TP1 and my initial SL set at the same distance. This reflects my bearish outlook due to limited buying interest in GBP."
Flag Formation Signals Potential Sell: Observing a flag formation in today's GOLD price movement, which suggests a probable selling opportunity. Head and Shoulder Formation Potential: If the flag evolves into a head and shoulder formation, we could anticipate a significant sell-off. Downside Target: Left Shoulder: The sell-off may extend down to the level of the...
Amidst the initial fervor of supply disruptions announced by Russia and Saudi Arabia, a fascinating pattern emerged on the H1 chart – the elusive double-top formation followed by a compelling rejection. This intriguing setup presents traders with a golden opportunity to capitalize on the bearish momentum. With a commendable Risk-Reward ratio of 1:2.13, the stage...
"Capturing Potential Gains: AUDJPY in the 1-Hour Channel, Triangle Formation, and a 1:2.65 Risk-Reward Ratio Strategy. Currently trading at the upper boundary of its channel on the 1-hour timeframe, nestled snugly between the 50 and 200 EMA lines. The chart reveals a triangular pattern forming. You have two options. the patient...
lets have some patience and gold will sink..again zone by zone
3 taps thats what validate trendline, possible short position with strick Sl,, TP in 2 parts. one to take at 1:1 as SL ,,, the other let it reach TP and put Sl for for 2nd TP at breakeven when hit TP1 BOOM
price is approaching demand zone again , as it exited the pennet ,,
RBA rates that pushed the prices down, then went up nicely , opend the trade earlier considering Fibo and previous resistance ,prices standing at break even , wanted to close however it just reacted the previous Support level correcltly so I will wait for some nice pips.. there is news at 3 30 etc for aussie GDP.. expectation is an increase but i dont think so😉 ..
price exited the channel with huge move... as its approaching appropriate zone and looking fir small buy entry
was looking for this long offertunity,, the first touch and then correction. and looking for long up to recent resistance ... tight SL
wave broken, retested and accumulation almost done,, lets do it
If the price did not surprize with a gap on monday,, could be a good sell