selling gold since we came to our poi level and go to our tp area
chf jpy took out liqudity and now is gonna aim for low as well but will tp at equal low
playing within the consolidation move for gold so got in asian session and will hold for a quick scalp
consolidation on a smaller time frame to look for entry
buy it on the uptrend channel that is formed.. in a 1 hour time frame
buy it right now around 1873 and have a tp at 1893 and then wait for a confirmation .candlestick and see if the resistance will hold and sell it around 1890 and then have a tp around 1850
in daily chart you can clearly see that it broke résistance and from here would be a good opportunity to long at 1911 and have a tp around 1940. And if you narrow down in 4 hr timeframe you can clearly see its a uptrend. ..
uptrend just based on a double bottom that was formed in a daily chart . And it also broke the neckline of 1918 which is also the fib level of 61.8. so i would go long but it might come back to retest the area of 1920 and do a false breakout to capture liquidity and continue up from there. Also you can clearly see that once the market opens up there might be a...
If you can see that on the fib level it exactly bounced off the resistance around 1919 which is around 61.8 and formed a double top on the hourly and 4 hour chart which pushed it down to lowest of 1874. and now as you can see this is a good opportunity to buy around 1873 and take profit at 1908 . And wait for the the next opportunity where if the it breaks above...
In a daily chart you can clearly see that it broke support and became a resistance and had a retest around 1.17472. And on the 4 hour chart you can clearly see a doji candle indicating that i will be a buy from here to form a double top at the resistance level. Dont buy it right away at 1.17500 since now there could be a fake breakout to induce buying and will...
Dont sellit right away at 1.17500 since now there could be a fake breakout to induce buying and will trigger the stop losses.
in a 4 hour chart you can Clearly see a double bottom formation and as its consolidating right now its a a perfect time to buy it at the lowest before the ny session opens up. Also you can clearly see a doji thats being formed at a daily chart and around the 1872 is a support turn resistance and on top of that if you take your fibo it comes directly at 61.8 but...
Double bottom to trap the buyers and will just push further down to around 1800 .sell around the 1850 and target profit will be around 1800 since that's where the liquidity is .
in the Asian session there will be a consolidation period and since it already hit the support and the market makers got their liquidity there will be a formation of double bottom to wipe the retail traders . and when its bullish from there it will most likely consolidate around the 1939 mark at Asian session before it takes even higher and breaking the...
as you can see double top was formed from 4 hour chart and market makers was hunting for liquidity around the 1960 (false breakout) and now from here at 1950 i would sell since market makers already got enough liquidity and have the tp at 1926 since the market will be closed soon. but you can hold it and the lowest it can go to is 1900.