Possible drop a bit to form a divergence then rally a bit into next Fibonacci zone, then drop to the last demand zone for a bigger push ATH
Expecting a bullish since previous high has break, expecting for it to go to the previous sbr which also allign with fibo musang 261 zone
TAYOR&DYOR. I'm searching for short basically because of a bearish engulfing that located at resistance and also at Fibonacci level. Apply proper risk management and lot size. As for me, I will look for confirmation before entering the trade.
TAYOR AND DYOR, USE PROPER LOT SIZE AND APPLY RISK MANAGEMENT. CHANGES OF SETUP IS TO BE EXPECTED BASED ON PRICE ACTION OFFERED BY THE MARKET. I PERSONALLY WILL ONLY ENTER THE MARKET IF MY RULES ARE FULFILLED. GOODLUCK!!
just apply good risk management , and also filter it with confirmation and DYOR too. I'm just sharing my pov, it may be wrong.
cutloss when candle break our entry zone with closed Body. Also TAYOR & DYOR. As for me, i have my own rules before i enter the market
I'm currently seeking for re-entry sell if there's any confirmation such as engulfing at the zone that I've marked, also I have my own rules of entry. I just share my small view of GOLD. DYOR.
TAYOR & DYOR. I'll be seeking for short IF & ONLY IF the yellow line (previous low structure) breakout and creating lower low. Also, the volume shown in the Daily timeframe is slowly decreasing, indicating a slow upward momentum.
TAYOR @ DYOR. Of course, always seek for confirmation either previous low/high has been breakout and a new low/high has been created to confirm the trend, then only we enter the market.
Just my minor POV on USD INDEX as i'm finding a long position on GOLD
I just publish this as my trading journal, TAYOR and DYOR as well :D if there's a mistake, do comment so that i may learn a 1 or 2 new things
as the previous analysis, we don't get any trade (since the price didn't manage to break the previous low), so we're safe, Now its our new analysis, TRADE AT YOUR OWN RISK. To reduce more risk, wait for the previous Low to be break, then entry during pullback
TRADE AT YOUR OWN RISK, APPLY RISK MANAGEMENT TO AVOID YOUR ACCOUNT BLOWN UP
Since our previous analysis was hit with a breakeven (not loss because no body closed above our zone, and I've warned that when price drop don't forget to set a stoploss since I said that previous trade was fall under high risk category) this might be a new re-entry for sell to complete wave C in corrective wave before rally to complete 3rd wave. TAYOR
TAYOR, cutloss if candle manage to break with body our entry zone. High Risk trade. Carefull