GU has been rejecting this area for some time and Im thinking it may do so again how ever im not in the trade because im waiting for a pullback to this zone which may be happening now.. on the other hand I follow the markets not predict them, so if I see price break this resistance zone I'll wait for the confirmation before going long..
here we have this chart reacting to a recent supply area. it rejected the 1H supply zone and i got in once i seen that,. also we are near a resistance area that couldnt be broken.. lets see what happens.
not really much to say about this set up , We had two confirmations on the H4 and daily timeframe went down to 30 min for entry. seen this key level and waiting to sell at a discount.. not really much just market structure and moving averages for extra confirmation. . lets see what she does.. !!!!!!
gold is looking very bearish making valid LH and LL if price stays below 1815 and pulls back to my sell zone which is also a key level I would become a seller. my take profit will be the next zone below, which is another key level here are my confluences 1 trend which is down 2 market structure has NOT been broken 3 price action strong bearish candle or long...
GU was bearish for a while, now Im seeing a inverse head and shoulders on the 4h timeframe. also I see a break of structure and new HL and HH"s forming... and A candle close above the 50 moving average,so as long as we stay above the most recent HL and dont close below my key level ill be going long , Im waiting on 4h candle to close.. what do you guys think about GU???
Here I have a level on my chart which was a previous swing low im going to enter a position when the 4H candle closes below structure. Confirmations 1 trend 2 valid levels 3 price action traders what do you think ?
I got in another gold buy , Because price rejected the 1 hour demand area TP almost hit. both trades are now risk free. If price break most recent swing high I might enter again.. please leave feedback
resistsance has been broken and a demand area was created right at resistance after a one candle pullback and wick rejection i got in. currently in profit pure price action no indicators..!!!!! any and all feedback welcomed
i have been waiting for this play a break and retest at my key level is telling me buyers tried to push this market up and couldnt as long as price doesnt break structure by closing above 153.747,,, then i look to sell at my level. please leave feedback new trader here !!!
I see that the pair was conslidating for a while. and also price cant close above most recent swing high to the left I can also see wick rejection from the breakout telling me buyers are weak. im selling this to the next zone !!
As you can see GJ was trending down making LH and LL now im seeing a break of structure at 153.747 (no news) if we close above this price for the day I will be looking to buy at a discount.. this is pure market structure and price action.. no indicators. may use a fib once this set up is ready..
here price broke out of wedge pattern and pulled back to key area before shooting back down
this level is being respected and buyers are weak.. currently forming LH and LL"S price action is telling me to sell this market.