Price decided to retest the 4h major demand zone creating a Bullish flag pattern. Rebound from the demand zone breakout of the channel now retesting the minor demand level. I'm expecting an aggresive bullish trend. My personal strategy is to take multiple small buy positions and having my TPs secure on the road. 0.6787 would be at best the last target. Good and...
I don't want to overcomplicate it. We got a bearish flag pattern + equal highs liquidity grab. Now there is a really high chance it will go to the daily timeframe impulse which is a downtrend. This is a risky setup. for a more safe setup wait for the breakout of the channel to the downside + retest
I still don't have a clear setup for this. but overall I'm short term bullish. going to the 4h timeframe we can see a formation of equal lows I'm assuming that price could fakeout to the downside. + we got a buy signal from the MACD. My confermation for this setup will be mainly the break of the trendiline + retest.
Price bounced from the trendline. creating possibility for a new bullish setup. Going to 1hr timeframe we can see a bullish engulsing pattern that will be our confirmation for entry + as other confluences we have the 21 EMA(1h) acting as support. Now the price is on the level of the new 0.38 fib, if it manage to keep this level there is a high probability for this...
This setup is based on liquidity concept. I'm expecting the price to break the ATH then to go trending down grabbing the equal lows level too. target will be 166.63 which is the last significant low. Always wait for confermations before taking a position. For proper risk management open just 2% per trade. good trade everyone!
This setup is based on knowledge of patterns and liquidity. the chart is presenting a bearish flag pattern and as we can see we got also a formation of equal highs which is our liquidity zone. My view on this is we should expect a fakeout to the upside to grab the liquidity till the level of the 4hr supply zone then an aggressive movement to the downside with...
Breakout and retest. Price action broke the trandline and retest the minor supply zone forming a new downtrend. this is perfect level to open a sell contract. final target 1.228 As I always say everything could happen in the market doesnt have to follow this plan but is highly probable
Price seems to hold. 21 EMA acting as resistance on 1 hr timeframe. It has retest the trendline but retracement to 2000 level is still probable. Possible sell contract here but proper risk management should be always taken first. targets are 1975 and 1954 SL 1995
As we see price action bounced from the 4h demand level then we got multiple rejections on the 0.38 fib which is also the 1 hour demand level and a good sign for continuation trending up, to note it has now formed a morning star candlestick pattern. breaking above the marked yellow line will be our confirmation to open a new buy position, target is 0.6348
new supply level has been set on the 1hr timeframe. it is possible to open a new sell contract with targets 1.0789 and 1.0750 which completes the rising wedge pattern. proper risk management must be taken.
Gold has broke the trend now wait for the retest + candlestick confermation. any other confluences are good though. new targets are 1954 and 1940.
This is for short term swing. Wait for the breakout + retest before opening the trade last target is 0.9837.