popesalmon

popesalmon

1. Reaching key resistance at 2418 2. 1h candle at 7am closed wick relatively long top-wick suggesting struggle to continue trading higher 3. 1h Break of previous high and then traded into candle open 4. 30m candle closed under resistance, creating a fake-out 5. Break & retest of wick on 8:30 candle Entry: entered on 8:30 candle break of low Counter-trend...

popesalmon

1. Break of 4h high, strong rejection 2. (1h no bottom wick) 3. 30m Break and retest after dipping lower during LDN session, signaling bullish bias. 4. 1h closure above intraday resistance No bottom wick formed, so I didn't enter.

14:39

popesalmon

Ticker of interest: - EURUSD - XAUUSD - SPY Mainly looking at ECB and NFP tomorrow. We are likely going to experience high volatility on COMEX open on gold alongside release of data for ECB interest rates decision. I will wait for the market to produce structures before entering.

popesalmon

Daily - Rejection of 5,257 + continuation to the upside 4h, 1h, 30m - Break/Retest of level 15m - candle rejected but closed above support at 5,300 RN 5m - ENTRY - Break of fakeout top wick candle, signaling continuation to the upside. Target - 2.5:1RR Actual - 2.2:1RR Fundamental - PMI +

10:29

popesalmon

I am expecting price to retrace and range this week until the release of WED Economic News. BUY Prior to that, if we see substantial retracement into 5180, I am looking to take a long position, granted that there's PA or pattern confirmation. IF OTHERWISE, and price break to trade much lower into 5120, I am looking to long as this is IMO the max retracement...

08:27

popesalmon

Sell 1.0845, IF Monday/Tuesday we see strong upside, could then see price retrace on the following days. Buy 1.076 or 1.0745 If price retraces on Monday LDN session, we could potentially see a H&S formed and if PA confirmation is made around NY, that'd be prime for upside potential

popesalmon

Lookking at the daily price action, it is evident that sellers are in control of the market and that price is likely to push down. This is therefore the key thesis of this trade, in terms of price action to which determines my entry was the strong push down at 12:30 (+7GMT) and closing below my KL of 1724.86, suggests that this is going to be a strong push to...

popesalmon

Took a short on GA, closed at 30pips, definitely could've held longer after checking in with monthly timeframe, it looks like GA is going to be gliding down. Reasoning behind this trade is the 50% pullback + retest of a wick's end. Great trade all around.

popesalmon Updated 

US is in recession, while Central bank is not admitting it, sentiment across the board is telling a different story. I am therefore looking for a long-term movement to the downside as price is tapping onto this weekly trendline. I am targeting the Daily 800EMA, may close position earlier depending on price action

popesalmon

LONG 1. HH HL structure, clear bullish 2. 20 50MA crossover on 4h & Daily 3. 30m price action 4. 4H breakout of range 5. Daily breakout of 200EMA

popesalmon Updated 

Simple B&R structure, accompanied by strong MINOR level of support. Also if you look at the daily there's a wick to fill + rejection from today's earlier movement, indicating that price is looking to trade higher to retest

popesalmon

I'm entering Silver short Daily: Silver has tapped and rejected (so far) from the 9MA, showing a continuation in short-term momentum. Besides that, 20MA & 50MA bearish crossover also supported this idea on the HTF. Looking on weekly, we've also closed bearish and with the 4H closing below Major level of resistance as a fakeout, this adds to the confluence that...

popesalmon Updated 

eyeing to short GBPCAD right now, GBP has been moving down across the board, I am seeing if this would coincide for GC, this would make up for a great trade. GBPCAD has been bearish for a long time now. + Oil price affecting Canadian Dollars too.

popesalmon Updated 

GBPCHF SHORT 1. Breakout candle, strong upperwick retracement 2. Pitchfork Breakout 3. 50MA crossing 200EMA 4. LL structure 5. Clean range to the left 6. Weekly bearish (Top wick formed monday) Haven't posted in a while, here's my current active trade, and I don't think it's too late to still enter a position.

popesalmon

GBPCAD SHORT 1. Break and retest on Daily 2. 9MA daily wicked 3. Price action - Fractal bar, Pressure bar, bearish 4. LL LH market structure 5. Break of Major structure 6. 4H all EMAs are congruent 7. 4H 76.4 retracement + 61.8 8. Trendline Third touch Against 1. Weekly price action could be repeating where price closes bullish on this range

popesalmon

SHORT 1. Price action is bearish 2. 50 fib 4H 3. LL LH market structure 4. 38.2 daily 5. 23.60 daily 6. Break & retest 4H 7. 9MA tapped 8. Trading under 20MA & 50MA Against: 1. Major support

popesalmon Updated 

SHORT: 1. 38.2 retracement on 4H 2. 61.8 retracement on Daily minor swing high and low 3. 50MA tap on 4H 4. Daily bearish MAs 5. Price action rejection on 1H 6. Clean range for rebalancing 7. Break and retest of clear zone on 4H & 1H 8. Weekly 9MA & 50MA bearish crossover 9. LH LL Major structure Against 1. Weekly tapped Daily Key-level already 2. Relatively...

popesalmon

Previous day closed at a relatively pronounced resistance, and a weak bullish one at that. There will likely be a strong pullback to see if bearish momentum could gold to trade lower, or if there'll be pool of buyers ready to rally it upwards. Overall I'm bullish on gold.