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We have nice retest after price respecting the trendline. nice risk to reward to upside Target 1=1910 target 2=1920
Self Explanatory --> we are in uptrend now which is align with daily timeframe --> High Confluence with Cot data for institution trades for long opportunity --> nice tap of the 61.8% fib level which also shows engulfing candle in M30 --> nice risk to reward ---> Price is at Key liquidity zone Hope you learn Follow me to learn ,More setup to be...
Nice breakdown on this week ahead for gold. wonderful setup forming. We are seeing a lot of institution buying gold. so we could see a nice long setup forming taking price to 1960 level. Follow me to learn & Grow!!
I provide some indepth explanation of last week analysis and what made it invalid after seeing buying power based on institution data. Have a check to see this weekly outlook and hope you can monitor it to your own. Follow me to learn and Grow!!!
1. Daily Timeframe we are still bearish price creating ''lower highs'' and ''lower lows'' with a nice engulfing candle at 50% fib level 2.IN h4 timeframe and h1 we see shift of momentum and a lot of reversal candlestick at 50% fib of daily ''lower high'' to ''lower low'' 3.Price created like a double top and we finally broke the neckline. so we got into the...
In daily timeframe we see break of structure to downward trend . and currently price is now at 61.8% fib level. In h4 timeframe we clearly see price creating like a double top so we could see price retrace so our setup has nice risk to reward Follow me for more updates
we clearly see a break of structure in h4 and h1 indicating we shall see price move to downside , we currently seeing price retracing all the way to 78.8% fib level. which gives us a nice risk to reward Follow me for more updates
After the fundamental new from pound we shall see weakness in pound and it is at a key resistance level. nice rejection and price is rejecting the previous daily lower low. Since pound was consolidation btn 200 pip range we shall see gbpusd now going short Follow me for more updates
we Clearly see price has hold above 1850 level and now we see a nice move to the upside. we need to see a break of 1910 liquidity zone to move towards 1950 level as target. we are currently seeing nice rejection. Follow me for more updates
Nice retracement of 78.8% fib level and we saw nice rejection and break of structure. Our target is 37 level Follow me for more updates
We could probably see a continuation to the downside since price seems weak to push the market high and also we see price just broke the double top neckline so a lot of bearish sentiment. we could also see a slight pullback before shorting. follow me for more updates
We could see a pull back towards 1.6400 before looking for short opportunity towards 1.62500. Overall we could see a break to upside based on Cot data so probably we could see institution using the 1.62500 level as liquidity zone for long opportunity but for now i will be looking for short Follow me for more updates!!
Based on the Cot data we could see price move towards 0.72500 so we shall be looking for long setup tomorrow. at the liquidation level. the after that probably we could see institution shorting around 0.72500. or break of the daily counter trendline for continuation to upside Self explanatory Follow me for more setups!!
nice respect of fib, structure is maintained to upside Look for NFp news today for any fundamental effects Proper risk management
nice doward structure still maintain plus fib of 61.8% so we shall see a continuation to downside
SELF explanatory watchout for news
this was a wonderful setup which we took the trade last week. and fortunate enough we saw a wonderful gap to dowside hitting our 56 pip profit target. have a look at the perspective on this week i broke down another setup . i will link it below watch it Thank you for the support. and dont forget to follow me!!!