I have been having this mind for a 1-2 months back, that XAUUSD might again go up reaching $2000 and possibly break up higher. Here's the fact that I know: It has formed a bullish continuation pattern with a breakout of the local rejection channel. Price wasn't just reject the channel, it broke out confidently and buyers are in control these past few days. ...
Same like the previous AUDCAD pair, looks like it's going to push down further. Note: This week, I'm trying up again the simple S&R method, trying not to put too much things on chart, and focusing on what I think it's going to work. On the chart, I plot 2 simple S&R area, identify the trend, then take trade of 1:2 RR with the trend, just set and forget. As simple...
The current day trend is bullish, so I'm looking for a buy trades. It looks like went past through the resistance-turn-to-support area. If all set, it'll target for the next major resistance area above.
Based on the S&R level (based on my cat's experience seeing charts), it's going to go up. I'm targeting the next daily resistance area and this could go longer than 1-2 weeks. Looks like there's no clear trend, it's just consolidating at these levels. Note: This week, I'm trying up again the simple S&R method, trying not to put too much things on chart, and...
AUDCAD looks like going to push further down, as it went past the small support-turn-to-resistance and rejecting a little. Targeting the next support area with 1:2 RR. Note: This week, I'm trying up again the simple S&R method, trying not to put too much things on chart, and focusing on what I think it's going to work. On the chart, I plot 2 simple S&R area,...
Analysis: EURAUD seems about to jump up, as it goes past the resistance (now turn to support) area. I'm targeting the next immediate rejection area. Note: This week, I'm trying up again the simple S&R method, trying not to put too much things on chart, and focusing on what I think it's going to work. On the chart, I plot 2 simple S&R area, identify the trend,...
It's possibly bouncing up after retesting the support zone, but there's no sign of rejection here. It's just sideways on that zone. I'm buying anyway. BUY @ 1.8889 SL @ 1.8668 Note: this is high risk, price may continue downward!
Just to share that I'm evaluating ICT Silver Bullet idea that I have found on YouTube. It's SIMPLE and MINDBLOWING. In a nutshell, you are to work on 1 US-based index like NASDAQ or DOW (some people uses popular forex pair like EURUSD or GBPUSD) on a specific 1-hour window on a daily basis. The rewards are: at least 1:2 Risk & Reward ratio (some YouTubers even...
Based on the pattern, looks like it will be dropping a little, although on higher timeframe, it's about to touch support level below the current price. SELL @ 0.59887 SL @ 0.60103 TP @ 0.59613 Note: I doubt TP will be touched, but who knows.
I'm looking for a pullback towards the support area below.
I hope the price bounces here and reaches the highest target point. In general, AUDJPY is in uptrend (4H or 1D), so I'm riding on that trend right now. It looks good as it reflects the zig-zag pattern. BUY @ 96.02 (between 96.091 and 95.971) SL @ 95.385 TP @ 96.875 Note: I'll monitor, and if necessary, close manually if the bar closing below 95.97 - 95.87.
Note: this idea might probably stalled, but the price is still strong to the upward direction. I'm taking a trade on a breakout of a lower timeframe that the price is rejecting the dip and shooting upward that signifies the trend is still indeed strong. But it might wear off soon. BUY @ 0.6787 SL @ 0.6710
It's a little late to update, but better late than never. XAUUSD before I took the trade, there were signs of rejection (wicks facing down and a little bump), plus it's at its support zone (bounce zone) of Mar 2023. BUY @ 1870 SL @ 1850 Note: I'm expecting to re-look again, probably close, this trade on mid of next week.
Update from my previous XAUUSD chart, based on the trendline it should bounce up again in a couple days forward. If it goes above 1882, then it's likely will touch 1900 level at the resistance. But who knows.... I'm not a fortune teller. Buy @ 1875 SL @ 1860
Pattern looks nice, still recording higher highs and higher lows. Setting BUY LIMIT at 110.05, hopefully things going good.
I'm just trading based on the support and resistance methodology by Nick Shawn (go up his YouTube channel if you don't know him). And this is my first "beginner" analysis, I might be wrong 100% all the time. But I am hopeful that it will go in my favor. Note: NSXUSD is the same as .USTechCash if you can't find one.
WTI based on my "beginner" analysis, it will go up until the major resistance level of 91.00-92.00, then it might drop hard. I'm currently having 4 buys at 89.90, 91.25, 91.70 and 88.45 (2x lot size); overall profit near breakeven.