FriesianFX

FriesianFX

Currently looking for buys on the smaller timeframes, a quick scalp for 10-30 pips is achievable with proper risk management. Looks to be a significant chance for price to push up.

FriesianFX

The 4h analysis we did earlier this week before market opened saw price action play out absolutely perfectly following our arrow path of breakout - retest - push to the upside and now a complete shift in sentiment to bullish. From here we can anticipate price to continue upwards with a bullish bias and look for buys if swing trading.

FriesianFX

Hello everyone, looking at the daily timeframe we can see gold has picked up volatility below 1890 with a strong rejection back into the 1900's Should we see price hold and not reject key levels of resistance, expectation will be for gold to return to the range we have previous seen gold stuck within, with a push to 2000 creating a top wick for the monthly candle...

FriesianFX

And with that last post, here is the breakdown of the trade we were expecting. Price action moved nicely going into the close of the 4h candle. Overall it was correct analysis, congratulations to those that followed.

FriesianFX

The key thing I'm looking for here is price retesting 1899 as a liquidity grab for price to keep pushing up. If we can get that then great, buys will be a very strong possibility of driving up to 1910, if not no big deal but we may end up with a bigger stop loss to allow for a liquidity grab.

FriesianFX

This past weekend I drew these channels out stating we had tapped a key level of support as well as the bottom of both channels. An anticipation for price to break out, retest it and move towards the upper band/limit of the bigger channel. As it stands, that is exactly how price played out which indicates a bullish swing in price. HOWEVER The current daily...

FriesianFX

Another day another patient play that pays. We waited for price action to tell us what we wanted to see and when it did, we listened and executed a trade accordingly. A great day, an all it takes is one trade a day.

FriesianFX

With the higher timeframes all being bearish, it would make most sense to be looking for sells, especially on the lower timeframes as we do not want to be fighting the trend unless we look on a smaller timeframe. Should we see price close below our key area of support at 1881.9 then I will look for a retest of this level where we can take a sell-limit and aim for...

FriesianFX

Looking at the 4h timeframe there is a bullcase for buys at this level. 1. we are at a key level of support 2. the smaller bearish channel has seen us bounce from the lower band of the channel which aligns with the support level 3. the larger bearish channel is yet to see a test of the upper band, which should we break up through the smaller channel, retest, we...

FriesianFX

As ever with gold, it's a staircase up and elevator down. Price has been bearish since the 8th of august with a new low being created, breaking the lows from June after the March pump and with a high amount of liquidity being grabbed there is definitely a chance for buys here. 1876 on the daily timeframe being respected would be a key area for the weekly candle...

FriesianFX

Another week of more bearish price action. All in all it was a good week for trading with no losses being taken and successful trades (all have been reviewed and broken down here) So with price closing below another key area of support, the expectation is going into the final week and a half of August price should continue down with little to no support...

FriesianFX

So today we had 2 successful trades - one was a "forward testing" trade with only 0.01 lots being traded, the other was our routine style of trading where we waited patiently for price action to do what we wanted it to do. In this case, price closed below our level of support, once it did that we executed sells and with proper risk management, we closed partial...

FriesianFX Updated 

Sells taken on the 30m after price closed below our key level of support

FriesianFX

Similar to previous trades where I have buy or sell limits, I'm once again testing a trade where if I see price action behave a certain way I will aim to take the trade at a small lot size as a form of forward testing. I see this being a liquidity grab and double top forming before price continues down. As we scalp, we only want 10+ pips so will be a very...

FriesianFX

Looking at buys above the 1912 level on the 4h timeframe, should we see a closure above here I expect price to continue up towards at least 1920, however overall price is still bearish, but my bias will flip should we see a push up, creation of a higher low and we can then take the trade.

FriesianFX

I have returned from my travels, apologies for the lack of ideas over the past 24 hours! Gold closed below the key support area of 1903 on Tuesday, and wednesday saw the expected reaction of price continuing down especially with FOMC minutes adding to the move. What can we expect from here? To keep it brief, on a daily timeframe I'm expecting 1965 to be tapped...

FriesianFX

As mentioned earlier on the daily and 4h breakdown we were looking for sells on the lower timeframes with candles closing below a key level of support. that is exactly what we got and we took sells with the intention of closing the trade at 10pips+ profit. This was executed before news came, however even with news we would have smashed our target as price moved...

FriesianFX

Following on from yesterdays 4h breakdown, it's clear to see that our level of rejection was correct with price seeing a sharp rejection off of it and price retesting the 1912 level, almost a $20 rejection. From here what can we expect? with price action showing indecision at a support level it's hard to say for sure, but the longer we spend within this range the...