The price of this commodity just broke over the bearish channel and retested the channel. Entry @ 1838, Tp 1 @ 1846, Tp2 @ 1854 and Tp 3 @ 1862. Sl @ 1830.
Currently, there is formation of a falling flag/channel, both in the short timeframe and in the daily timeframe. I highly predict that the price might break out of the channel, pullback to the fib level 0.72, then rally to 1880. My first entry is at 1837, with a stop loss at 1830 and target at 1851. My second entry is at 1854, with a stop loss at 1840 and the...
I am looking for a sell position in this trade because it has reached a resistance zone. At first I had predicted that I will enter the price just below the zone, but I realized that many sellers had put their stop losses just above the resistance zone. So my entry point is 141.8 and my stop loss at 142.3. My target has not changed, it will be 139.5. The R:R is 1:4
After a Strong rejection at 85.12,it looks like there is a formation of H&S pattern, and to complete this pattern, the pair may move to 83.85. Entry @ 84.5 - 83.85 Sl @ 84.8 R:R 1 : 2.2
After a strong bearish momentum for this pair, it may touch the support zone at 1.787, before a slight bounce up to 0.238 fib level. Lets wait for the outcome and see
After a bullish rally, which was meant to fill the imbalance created between 1926 - 1972, there may be a correction to 1942 - 1950 , since that is a major market structure and there is an imbalance created at that zone, before heading back. Entry @ 1966 - 1946. Sl @ 1971 , R:R 1:4
After a good bullish rally to 1912, there is a potential reversal and gold will move downwards towards the 0.5 fib level @ 1847. According to the 4H timeframe, there are a lot of imbalance between 1885 - 1853 thus; gaps. These gaps need to be filled to create a balance market. Entry @ 1895 Tp @ 1847 Sl @1905.
This pair will continue with its bullish trend to fill in the imbalance upto 84.0 According to the traders sentiment, many suggest that it will be bearish thus the market will go reverse of their opinion / position of trades. Entry @ 83.1 - 83.9 Sl @ 82.8 R:R 1:2.5
According to the weekly timeframe, it is a strong bearish healthy trend bouncing off a trendline since it was s reversal. The LONG wick (1W) needs to be filled. It will retract upwards a little bit then continue with the bearish move. The first set up will be when it break the fib level 0.5 and the demand zone @ 130.1 Sell @ 130.1 target 129.4 sl @ 130.3. Then...
According to the 1 week timeframe, Gold still has the potential to move up, and it will go upto the 1912 level. At first, it will retract a little bit to 1891.After that, it will shoot to 1912, then may shoot a little bit upwards, so as to trigger stop losses to sellers who might have placed their short positions at 1912 - 1915 sell limit zone; thus shooting to at...
It will retract a little bit to fill the gap. Buy limit @ 1851, target will be @ 1905 which is the next major market structure ( 1D timeframe) Sl @ 1846 incase there will be a bearish breakout. R:R = 1 : 8
It will be a long position to fill that gap and to complete the head and shoulder pattern (4H timeframe) Target is 84.2 , which is at the next market structure and next Fibonacci level (0.786) Sl @ 82.0 , which is away from the market structure. R:R = 1 : 3.5
According to the daily time frame, it is a bearish trend and it pullbacked to (0.236 fib). After touching the market structure, (hour time frame) it looks like a reversal and when it completes the ABCD pattern, target will be the next market structure at 0.830 Stop loss will be away from the structure. 0.841 - 0.830, sl @ 0.845, R:R 1:2 or take partial profits @...
Pullback Entry @ 51.8 Sl @ 53.8 Take Profit @ 39.8 R:R 1:5
There are HH and HL according to 1H and 4H time frames indicating a healthy bullish trend. The current HL has tested a previous HH zone and there is a gravestone doji candlestick formation. Also, the candlestick has closed above the 13 MA candlestick. Entry point at 130.8, TP at 131.1 and 131.4, SL at 130.5
Vechain has been on a bearish momentum for a period of time and there is a reversal in the trend, thus; formation of a bullish trend . It has tested the demand zone . It has broken the bearish trendline on the 1 hour timeframe, and tested it. The 50 MA is crossing over the trend, thus indicating a bullish move.