The price has rejected the high end of its range, which has been consistent over the past few weeks. After the breakout, there has been no proper retest. We are considering taking a bearish approach to finish off the move, but keep in mind this makes scalping a bit risky since it could potentially retest the breakout. It's important to manage the trade properly,...
Here I am using the wickfill theory. Price has rejected to push lower than 2020.66 from the previous day and we had price retest today. from here price could potentially give us a wickfill and even push higher.
Gold scalp trade for price to potential retest the low it created the previous week. Price rejected 2030.12 the previous week, retested today and successfully rejected again. From here we should see price give us a bearish impulse hence fulfilling our trade.
price has been bearish on the higher timeframes and we have been waiting for bearish opportunities. we saw price retesting our previous breakout on the weekly timeframe with a successful rejection. last weeks candle was an engulfing candle which pushes this weeks price lower. our daily candle closed as a strong bearish candle which is good confirmation and from...
on this idea we are not saying that the trend has changed, however we do believe that price retest and retrace before pushing for another impulse. price created a resistance at 1675.19. considering how yesterdays candle closed, we are looking at price pushing higher creating a minor bullish trend. as long as price stays above 1648.48 which was our previous...
price is still pretty much bearish, however, for now we are looking at a bullish view as price has rejected a strong low and i am anticipating for price to create some structure for us before making another bearish impulse. watch out, price has high chances of retesting the low at 171040, as long as price does to break the low we should see price reaching our target.
this is a very short term trade so please be aware and careful. price created a low which it rejected at 1718.52 and pushed higher creating a high at 1727.58. from there we had price pushing lower which it retested the low at 1718.52 and rejected. although our h1 candle closed bearish, we still have a rejection wick on it and our previous h4 candle close bullish...
Gold short are looking good right now. Remember this is avery short term trade. Our previous candle closed bearish creating a high meaning price has high chances of falling further. Our confirmation candle is our previous h1 candle which also closed bearish and to the left we have clean traffic. This should aid our trade to hit our target. First take profit is at...
This is a late session trade. Same idea as we had earlier on however with more confirmation and already on the road to our target. As long as price/ out h1 candle can close below 1734.37 we should see price push to our target. Since it's late session, becareful with your stop loss as the daily candle might wick them out. Our stop is a bit tight. Keep that in mind
gold has been trading in a range since last week. price hit the high and even gave us a stop loss hunt then pushed price lower. if you look to our left we have a wick that can be filled hence our trade is a wick fill. for full confirmation, we need a h1 candle that can close below 1736.48. with that confirmation, we have clean traffic to the left which can aid our...
Gold last week made a very dramatic rejection at the bottom after reaching out wickfill target. However the weekly candle still closed bearish and price has yet again entered our wickfill territory.as long as price stays below 1806.55, price should reach out target at 1891.63
gold has been pretty much bearish lately and we can use this to our advantage if well managed. our previous week closed bearish with a wick to fill and since monday all of our daily candles has been bearish which means we are looking for sells only until our invalidation points are broken. price created a high during asian session which was rejected, pre london...
Gold has been ranging since the week started. If price can keep respecting 1834.15 we should see it pusher to the high that was created yesterday on Monday which is our target.
this is a short term trade, more of a scalp. all we had to do was wait for the h4 candle to retest the high that price seems to be rejecting today that was set during asian session. london rejected a retested. price needs to stay below 1839.64 to hit our target.
gold has been very bearish since the opening of this week and we are looking to take advantage of that. if price respects the high it has set at last weeks low, we will be looking to see price as it hits that area as much as it tests it. as long as price respects 1830.30, a high that was set during london and asian meaning its very important and the start of...
price has been bearish for the past couple days however we reached a low that we rejected during asian session and created a new low at 1844.67. if price can create a new high from where price is at, at 1851.40, we should see price push higher to give us a wickfill and reach our target. only if price rejects to push higher than 1851.40 will our setup be invalidated
gold broke out of our two week range to continue with the bearish pressure on the monthly timeframe. the bearishness is most likely going to continue and we have to take advantage of that. on the weekly and daily timeframe we have clean traffic to our left which means price has high chances of falling, however, we have a minor zone on the 1hr timeframe at 1828.45...
if we look at the weekly and daily timeframe for gold, price is still showing us some bullishness. price set a low at 1849.30, this is the area price rested during Asian session and quickly rejected. my theory is if price manages to stay above we should see it push higher to give us a daily wickfill from yesterdays candle and even potentially push higher. price...