Price is still ranging within the Asian range and hasn't broken out yet but in the 5 min timeframe, we can se that prise has come to retest the previous resistance and price has been bullish in the 5 min timeframe. I am highly expecting a mini bullish move. follow for more
We are using the London open to our advantage and as you can see price has swept the Asian high and is likely to give us a mini head and shoulders pattern in the 5 min timeframe. so prise is more likely to go down if this setup plays out, this is predicted with a 1,2,3,4,5, pattern I created myself.
We are using the London open to our advantage and as you can see price has swept the Asian low and has giving a mini head and shoulders pattern in the 5 min timeframe. so prise is more likely to go up, this is predicted with a 1,2,3,4,5, pattern I created myself.
In the 1 hour timeframe we can see a mini head and shoulder pattern that has completed the second shoulder hence, price is expected to go further down to 2285.30 to complete the Head And Shoulder move. Even if price would go the opposite direction, we would expect a 50 pips pullback before going up.
In the 1 hour timeframe we can see a mini head and shoulder pattern that has completed the second shoulder hence, price is expected to go further down to 2307.451 to complete the Head And Shoulder move. Even if price would go the opposite direction, we would expect a 50 pips pullback before going up.
I have done a top down analysis already and I am expecting price to pullback to my odder block before I proceed to buy.
As you can see on my chart price has resisted our current resistance zone and has consolidated around that zone hence, the likelihood of price dropping is very high and with my experience added to it gives me the confidence to go short.
Gold has been bearish for some days now and according to my analysis as shown on the chart price will continue to plummet and I am taking advantage of that wave.
People say that it's not possible to trade fully on indicators but they are wrong. As usual, these patterns coupled with indicators (the 4TI strategy) play out all the time and it takes an observant person to see that and take advantage of them.
Like I said In my Previous idea, all currency pairs have a unique pattern that plays out all the time but as for today's Gold trade I have added the 4TI strategy to it. Lets see how it goes.
I have noticed that even though the market is always changing, they still have a unique predictable pattern that plays out almost all the time. This is a scalping strategy that works with AUD/USD almost all the time and as you can see I am waiting for the pattern to play out then I take my entry during the New York session.
We are using the London open to our advantage and as you can see price has gotten to very strong support area and according to the 4Ti Movement its a buy
In the 1 Hr timeframe, we can see a double top with a doji candle rejecting at today's high and according to the 4TI movement, all the criteria have been met. Disclaimer! this is not financial advice but for educational purposes.
As you can see I have set a pending order at 173.103 which is the current previous day's low According to the 4TI Movement which is 2x better than SMC. No hate please just facts.
As you can see in the chart marked-up, price is at a resistance/order block where a big bearish move began. so looking forward to a bearish move to about 50% of the previous bullish move
As you can see in the 30 mins timeframe price is set to clear some liquidity at a very strong support area; 172.1144
Price is at a support level on the H1 timeframe and there has been a liquidity grab hence we are buying to the previous high.
Yesterday we had a flawless win and today will surely be another. As you can see we are already in the trade and let's see how it goes.