I love when the markets move smoothly like this. There are good day trade and scalp moves to catch 100-300point moves which are my type of moves. Bullish or Bearish doesn't matter good technicals will help make good profit.
Price has finally hit 1937.50 now Im waiting and looking for a potential sell entry to continue the monthly bearish trend. Of course anything can happen but glad all ideas has played out so far for July.
As expected price is giving us a counter trend trade to start off July.
Price should rise to 1937.50 as the new monthly candle starts but mid month reverse and continue the bearish trend.
XAUUSD Had a good push during London session for a bullish reversal on the H1 timeframe. Right before NYC session started planned a entry for continuation go more bullish when volume kicks in at NYSE open. Entry at 1805.00 TP at 1815.00 targeting recent daily highs.
Good Morning. Trade went as expected after hours of consolidation. After the daily resistance confirmed a rejection the trend had changed for retracement. 225 pips BAGGED overall smooth trade.
Looking for this Head and Shoulders Patttern to play out for a potential retrancement from the bullish rally weve had for the pass 2 weeks Going to be a 1/2.2 RR We hit a Daily resistance zone @ 139.50
June NFP longs played out perfectly, coming back to a daily resistance. We will see how price will react in this wedge to see if it will range inside or break out of it.
The Struggle for TP to get hit... Its friday so Ill just take profit manually. Have a good weekend!
Currently 75 pips in profit looking for price to retrace for another entry. Wish me luck lol
Even though we had an aggresive correction Im still long on GJ
Double Bottom formed, so I waited for the pullback. Pullback that formed a Bullish pennant/symmetrical triangle. Breakout at 2800.0 Long position for 250 pips TP @ 2825.0 H4 38.2 Fib
Last week I was wrong about the bullish run being over on Indices, but I do like how smooth the market for indices have been since last Thursday. I personally believe in the 2nd quarter we will retest the lows. When the economy is fully back open we will see if itll just be a retest or Bears start flooding in lol. Either way there will be opportunities in day...
Even thought we recently had bullish momentum to recover 20%, I personally believe new lows are coming. Possible H4 Double top with this nice head and shoulders pattern right before the holiday weekend. Looking for a gap when thee market opens back up. Lets see how this plays out. IG: WhatTheHellRell
Inverted Head and Shoulders had formed at 9am eastern time 12/19/17 Changed analysis for a long based on previous Daily close. (Flow with the market not with you bias news can change the course)
Breakout of the Uptrend and is heading south #BlackWednesday
New lesson learned... Zoom out to see the bigger picture. I was right all along lol. Overall uptrend it just had to test a low area before shooting up. (Count for the hesitation zone when Major QP is broken).
Cant win them all... ended up being a Head and Shoulders pattern.