TP HIT!! Trade update on the signal that was given yesterday on Gold. Prior to placing this trade, DXY was rejected to the upside and making a pullback. all the major pairs including the pound that I also took yesterday were rallying. I have screened Gold thoroughly on the higher tf starting from weekly down to the hourly for any possible setups. On the...
BUY POSITION ON GOLD I have seen this setup with the help of RSI, Trendline, and as well as Multi-TF Analysis. We have seen the price has bounced off on 1730 key support level yesterday and we took advantage of the bounce play in which we've made 100+ pips. I have put the SL just below the trendline in case price makes a u-turn. This is a quick play since my...
DAILY TF ANALYSIS 1. Price is currently dumping to the downside as of writing this analysis. this is what usually happens when the price reaches a major key level. alongside with that is the news the major news for USD later at 8:30pm GMT+8 2. While the trend is still bullish, I'm anticipating that DXY is looking for a strong support level at this point. 3....
Manually closed the trade yesterday and took a small profit as soon as this candle appeared. No momentum to the upside, and BTC had also retested the price to the upside but was rejected at this time. Bullish exhaustion (no momentum to the upside) NOTE THAT YOUR EXIT POINT IS AS MUCH AS IMPORTANT AS YOUR ENTRY POINT. I'LL JUST SIT ON THE SIDE AND WAIT FOR A...
Yesterday I've made a long setup on Sol. A breakout and retest play. But that play is for conservative type of traders. I am not..(lol) Hence, why I'm buying at the current level as I'm writing this since I can see a bullish price action and the price has found support on our 50ema. If you're the conservative type, you could still follow what I have posted...
If you check the price structure on the higher timeframe like daily and weekly, you will notice that this pair has been ranging. Depending on the move of the BTC, Sol will just follow. But what's important with this long setup is the breakout in the structure, then will follow by a re-test. That will ensure an accuracy of your entry with a minimal and tight stoploss.
1. Price made a solid retest on our key level at 1730. 2. We have also seen the play on the Daily TF that's why it's very important to look at the higher tf when doing your analysis. 3. SL is just 20pips below our level so it's a tight SL. 3.2rr HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS...
Last week, we have seen and anticipated the next downward impulse of BTC when we took an analysis on the Weekly TF. Now, let's take a look at the price action in H4 TF and find setups that can be used for later. 1. Current price action is showing a pullback after a heavy sell-off on the 23k levels. 2. I'm anticipating that price will make a retest on the...
NOTE: We have analyzed the movement of DXY last week, with this, we have anticipated Bitcoin's downward impulse over the weekend. 1. Previous daily candle close was very bullish. 2. Current daily candle which has not been closed yet is rallying towards the key resistance level at 108.900-109 3. Expect a minor rejection to this level in the lower tf. 4....
Looking at the trend, it's obvious that we're in the bull market for DXY. we can only see higher highs and higher lows for the this currency. However, for the major news later, we may anticipate a double top formation when the price reaches at 108.78 key level. If the price breaks this key resistance level, we may expect a trend continuation to the upside....
Price is currently trading at 23.5k levels as of this writing. Also notice that the trend has been corrective inside the channel. Price has tested the 25k psychological levels but wasn't able to break. I was actually anticipating the price to make a major retest on the 28k levels but our weekly tf analysis that I posted prior to making this has shown a swing...
1. We can see that the previous weekly candle close has already retested the 200ema. Indicating that the momentum to the upside has exhausted. We may expect an impulse to the downside if the current level at 23.5-25k levels won't hold. 2. Price is expected to test the 13k-15k levels, if this range holds, we may expect a correction/consolidation to this area....
1. Previous monthly candle close was bearish and it broke through our major support level at 1831. 2. Price partial wick filled the hammer candle which was its previous candle. 3. I'd expect another retest on the high at the 1820-1830 since this was the range where price plummeted post-NFP last month. 4. This week is also NFP week so I'd expect a volatile...
1. Price broke out of the bullish correction (trading range 92.300-92.800 2. Price is currently testing our major key area at 92.800, I'm particularly bullish on DXY after the news release yesterday on core retail sales. 3. I'm looking for a test on our key level resistance at 93.026 area if price maintained its momentum at the current level. 4. If the price...
1. I took a long position now on gold after ECB monetary policy statement. 2. Price tested the 1800 level during asian and london session but plummeted down to our buy side liquidity at 1785 level after ECB monetary policy statement. 3. Price rejected the downside after testing our buy side liquidity and formed a double bottom (bullish price action) 4. I'm...
1. Price has been trading within 109.605 - 110.400 trading range after a bearish impulsive move from 110.700 area. 2. Price retested the previous high of the range at 110.404 which is our fake-out area in the form of a double top. 3. Took a short position yesterday at New York Session after price made another attempt to break the 110.400 area but made a bull...
1. In my previous analysis, we had anticipated the wick fill for the inverted hammer and we also anticipated that the next candles would be bullish. 2. We could also see 2 wick rejection to the downside which to me is also a sign of strong support. but price also showing gradual weakness to the upside losing its momentum - based on the previous H4 candle...
1. Price is currently consolidating inside 0.14000 - 0.14788 trading range 2. Price found support in our daily resistance at 0.13955 3. I'm expecting a bullish momentum to the upside, TP at 0.2000 psychological area. 4. Entry price could either be a break-out entry or a break and retest entry. Hello, Traders! Welcome to my channel. If you guys like my...