I shall give my reasonings for this setup. I hope this helps you in your own trading journey. This may be one of the best setups in a long time. Daily: Price closed below the 1790.75 level for 6 days in a row. Price formed an evening star with the middle of the ES being a shooting star cs. Yesterdays daily cs was a shooting star cs that spiked above 1790.75 and...
This is why I entered this position... Hopefully it can be of help to your own analysis Daily: Price formed a morning star cs with the middle of this ms being a hammer cs.The bullish of this morning star took out the prev lower high thus forming a new higher high.After this im looking to play the probability that a new Higher low is going to be formed. We can see...
GJ longs coming in.... be prepared.....looking at 151.6 region....
Gold is about to melt for us.....the setup is great honestly
This is where I see gbpusd going into and the reasoning behind it Weekly timeframe: - Price came into the weekly level at 1.322 and formed a hammer cs which indicates reversal( bullish pressure wants to come back into the market). Daily timeframe: -Price formed a morning star at the 1.32 psychological level. The middle of the MS is a clean hammer cs. The...
This is where I see GJ going next week and the reasoning behind it. Weekly timeframe: - After price tapped into the weekly support/level at 149 it formed an inverted hammer cs indicating bullish pressure wanting to come back into the market Daily timeframe: - After price tapped into the 149 level it formed a bullish engulfing marabozu cs first which engulfed 3...
This is my forecast as to where I see Gold headed into next week Daily timeframe: From the 'bigger perspective' price is forming LLS and lHS and last week price formed the new LH at 1790.75. Price sustained below 1790.750 for 5 consecutive days. Price formed an evening star at 1790.750 with the middle being a shooting star cs. From a ''smaller perspective'' the...
Looking for gbpjpy to melt into 149.3......New LH fomration yellow zone respected
Re entry on gbpusd short trade, analysis was done on the previous post
I shall provide the reasoning for my short below. Daily: price has formed a new LL and LH via an evening star cs formation with the bearish of the evening star closing below 1.3225 4 hour: We got a beautiful descending channel and price is forming LLS and LHS from the bigger perspective. Within the consolidation box price had a break...
If 1.32225 sustains looking for price to continue dumping lower First into 1.31078
Xauusd entry, looking for price to move......such discrete HHS and hls you would think were still in a downtrend
auusd will start making its way up slowly but surely.. can get in here if you wish
If price sustains above 1.3225 then it will prop back into 1.328 region and then 1.335
Gj also looking to go long.. you can enter here if you wish so.
XAUUSD has defintely reversed HHS and HLS from higher timeframes after tapping into 1762 . Looking at 1811 next.. will post any entries i take
If GJ sustains below the prev Lower high looking for price to dump into 149.3 once more, The price action is telling me that GJ wants to dump even deeper but we just have to let the market run and breath....
1762 tapped ...higher lows formed....Morning star.... Looking for gold to come into 1811 next week once here if we reject this level once more shorts into 1725...if broken back into highs at 1868