Price action broke the trendline and is now retesting the orderblock level. See how the price will react to the orderblock, I'm also using the 21 EMA as the dynamic trendline if it will respect that too then is possible to open a sell with final target 189.5. Good trade My advice is to open a small position for every trade. Honestly the only way to grow small...
We are on a strong downtrend for GOLD and price is near the daily orderblock level. It is possible to go for a sell targeting 2450. for short term target 2545 level instead. As a swing trader I analyze on the 4hr timeframe but if you're looking for multiple TP is better to look for shorter timeframes like the 1hr or 15 mins to see the levels for TPs
Price retrace to the supply zone, I think this is a good level for buys we also have strong volume. for conservative TP target is 0.9189 for a more "brave" TP target is 0.9220. This pair is inversely correlated to Gold that which is currently trending down so I think it will continue going up for a while. It makes more sense to look for buys as a swing trader. Good trade
I think I'm gonna change my entries putting positions on SL I changed my resistance level allining it with daily orderblock level. My bias for this pair is still bearish, we are -4.09% on the 6 months period so it makes sense for me to look for sells. My target fot this trade is 1.0220 with an R:R of 1:4; this is a good level for sells so everythiing with a good...
We got an aggresive pullback during the trading hours probably due to news, I'm still long for this pair we are 4.99% up on the monthly period and I don't sell on retracements. If the price will broke the supply zone I'll probably rebuy on the second orderblock level. If that one fails too I'm gonna look for sells thinking we are on a ranging or reversal...
SL 2.0322 TP 1.9154 Price action is respecting the supply zone and we got a bearish impulse. I'm expecting now a short term downtrend with final target our demand zone. It is possible to open multiple positions targeting different key levels. Good trade everyone $$$
SL 89.63 | Tight SL 88.83 TP1 85.63 TP2 83.13 TP3 81.21 $$$ :) $$$
SL 0.8336 TP 0.8091 R:R 1:3 I'm putting some sells here because on the higher timeframe we still on a downtrend and the price action is respecting the resistance. For stronger confirmation wait till it breaks the support level and then the retest. Overall I think this is a good setup
SL 0.5119 TP 0.4954 R:R 1:3 I'm seeing some sells here price retest the supply zone respecting it, I'm now expecting it to approach the final target Let's make some $$$
SL 1.0432 TP 1.0245 R:R 1:4 I would wait for the price to reenter the supply zone to open the trade. Now price action is consolidating but I think the major market structure is on the downtrend with 1.0243 as final target. My setup is based on support and resistance + 21 EMA. Mostly working on the higher timeframe to cancel all the noise focusing on major...
SL 2643 TP 2545 R:R 1:4 Price bounce the resistance , I'm expecting the price to reach the final target My personal setup is really simple I'm using support and resistance + 21 EMA on the 4hr timeframe(1hr for more precise SL and entry) I don't really mind if I'm right or wrong. I just care more about the risk management and if the position opened makes sense.
SL 1.4296 TP 1.4642 R:R 1:3.5 Suggested risk management for this is 15% of total capital risking 2-4%, my personal leverage is 1:30 This still a good opportunity for buys, price is still respecting the support level :)
SL 156.46 TP1 160.19 TP2 161.67 R:R 1:5 My personal risk management for this trade is 15% of total capital risking 2-4%