VeerForex12

VeerForex12

The price did the move as we all anticipated, a beautiful 400 pips move down where we just target about 150. However, after the major retest, we can see the price has made a rejection candle in the 4H time frame and hit trendline which is a good sign of continuing back up. The price may be back up to the 1950 golden zone as we all know. Allow some beautiful...

VeerForex12

Price has been travelling a falling wedge and would be back up by maximum chances as we can see bullish engulfing from the demand zone.

VeerForex12

In short, the price is working in a rising wedge and it may breakout to the upside if it doesn't do as per technicals (go down from rising wedge). Shortly after, it could reverse from the supply zone as it also acts as good resistance. Never risk more than 0.5% on a single trade and try to apply a good RR for the trade.

VeerForex12

If seen by the bigger picture, there is a rising wedge on the bigger time frames and the structure is holding from breaking further up using the supply zone that can be seen in the chart. However, it could still go and create a new high in order to make a liquidity grab move but we enter when the candles on the 15 or 30 minutes are clear with price action. Put...

VeerForex12

Price has a good chance of reflecting from the Demand Zone to reach the Supply Zone. However, it would be good if we wait for a retest and seek good confirmation candles with an appropriate candle sign. Never risk more than 0.5% risk per trade and aim for a 2 RR at least, 3 would be better. Good luck.

VeerForex12

Although still acting in a bullish trend, the price is lacking a good retest or pullback to test the price below near the demand line. There is a good chance that it will reflect from the supply zone but allow good confirmation candles to take place as it is important especially in the 5 and 15 mins time frame. Put stop-loss above the resistance formed, and...

VeerForex12

Overall, it's a bearish downtrend for the 1H timeframe. Price can be seen being rejected with beautiful price action in the 5 mins candles, conservative traders can wait for another confirmation with Stop Loss above the new resistance. Please seek further confirmation in the lower timeframe. No more than 0.5% risk per trade, control risk management very strictly.

VeerForex12

The price shows a good rejection from 0.382 Fib retracement and good chance it will proceed further down to touch the trendline. Conservative traders, wait for another confirmation by a resistance with beautiful candles in the 5 mins or 15 mins tf. No more than 0.5% risk per trade, control risk management very strictly.

VeerForex12

In short, the price may reflect of the 1H demand line. Please allow confirmation candle in 5 or 15 mins before entering the trade. No more than 0.5% risk per trade, control risk management very strictly.

VeerForex12

Gold, the most volatile species in the Forex market. It's clearly known that gold is in the bull run for a few days and of course it would reach better highs. However, if you look closely, there is a beautiful rising wedge forming in the lower time frame - check out 15 mins TF and a rejection candle from the supply zone, best chances that it will go down from here...

VeerForex12

A simple trade; Met with daily resistance from the channel's resistance line. The candlesticks are being more than generous this time by showing their act. A good short, increase the stop loss a little more if you want to be more conservative, avoid any RR below 5. Don't go for the take profit near the support channel line because the price can bounce back to...

VeerForex12

The market has been moving in a very nice way in the long run particularly in the rising wedge pattern. It made a new high recently and there is a high probability that it will travel down for some time now, my personal taste says 76.5 at least. A chance to take short ASAP as soon as the market opens because a resistance has been formed and this is a nice entry...

VeerForex12

As you can see the market is ranging in a small zone for sometime and it just met with the supply zone, which means that it will have highest chances to move to the demand zone now. It has started fhe move and it maybe taken as a late entry but there is a chance. Apply strict risk management, no more than 0.5% on the trade.

VeerForex12

A textbook trade out in the real world. Price has been moving in a good upper channel for some time and it has reached the resistance trend line for the channel. An extremely good chance that the price will travel down to the supporting trend line. The stop loss is placed very tightly, if by chance it gets taken out, enter again when it retests at the above...

VeerForex12

This is a high-risk setup, proceed with caution. A conservative trader would wait for a retest before placing a buy order but in order to buy we wait for a dip - that is what we are doing, travelling the dip. It may dip or continue up without a dip, but it's a good chance it will. The price is respecting the supply line multiple times earlier, not much juice...

VeerForex12 Updated 

Price has been ranging for a good time in the wide 4H time frame. Price got rejected from the supply line. There is a out of trend pattern waiting for a possible retesting (Red line). There is a rising wedge in the 1 hour time frame with good rejections. (Blue line). To top it all, a nice bearish engulfing candle coming from top. Please proceed with proper...

VeerForex12

The 1-day timeframe has a lower trendline and it has just touched the upper trend line part. In the 1-hour time frame, a rising wedge is being formed. The selling opportunity is a great one and it has a good risk to reward too as the imbalance is pretty good on the way to the supply zone. Try to keep it simple and trust the technicals.

VeerForex12

The price just went to touch with the resistance area a couple of times and there is a great chance that it going back down for a little bit - at least to the previous support base. The risk to reward is not the best but there is a feeling that the price could range here a little bit before doing its thing we are waiting for. Keep it simple, naked charts would the aid.