The market now has created a very familiar bullish market structure whereby price pushed then formed daily support to then break the high. Price now is rejecting the past resistance now turned support on the daily. WE should see price break the high and continue up to 1850 level with ease as there is clean traffic looking left. If price does break the low before...
The weekly closed bearish very strongly last week. Therefore i am expecting price to drive down with ease. Im expecting a good volume pushing down to the next support if the low of the previous daily is broken. This trade will only be valid if the high of the current daily candle is respected, which is why stop loss is at the high of the current daily candle. This...
The weekly candle has officially closed bearish at resistance. This can only mean that price will drive down to the next support provided the high of the week is not broken. My job here is to take the most probable setup whilst exercising strict risk management. I have chose to take the break of the daily low as my entry because it will provide confirmation for...
Price mad a very strong impulse up but it was an unhealthy bullish run. I decided to take half risk on this trade as price broke the low of the 4H. Stop loss in placed on the previous high of the 4H. TP will be at the bottom of the range. Very risky sells as market structure is bullish. will be breakeven once i secure 40 pips.
Currently waiting for price to make a move to the upside after less than expected CPI numbers last night. Fundamentally the metal should push up in value whilst taking out this 1830 barrier we have been looking at for half of last year. Price now is in a very delicate situation and i am only looking a long positions for now as market structure is still bullish,...
Price now is in a very unhealthy bullish push up coming into a minor 4H resistance (1810) that has been very reactive in the past. I don't usually use TL but in this scenario, it is quite clear that there is a break in structure. I will continue to look for short positions to fill the next 200 pip range. I need to see if price respects our level before taking any...
Re-attempting Sells after yesterday's daily candle rejected our weekly level. It closed Bearish after tapping in to that level. With the high momentum i am expecting price to break out this range lower and fill the next range. Our entry level is the low of the previous bearish daily candle to reconfirm our trade validity. Our SL will be places at the current 4H...
Risky sells on the break of the low of the previous 4H bearish candle. Considering there isnt a bottom wick formed yet on the daily. Yesterday price had good momentum pushing down past the psychological level (1800). The daily looks bearish, however there is still bullish market structure. This is very risky sells idea and im trading with a 75% position size....
Today is a US and GBP bank holiday, where there will not be much volume in the markets. However the past 4 1H candles have been rejecting the weekly resistance level . This is a very key Resistance as it has been rejected in the past a few times (3) and i want to capitalise on that. As long as price respects and doesn't break the previous high on the daily, it...
Watch price action and trade accordingly !
get in on a sell when price touches the red line. Wait for the appropirate Price Action and get dm pips <3
Wait for it to retest key level. The short !
Probable continuation to the downside after respects TL
Looking at the Fib retracement, we can see it was respecting the red line. However, there is very strong resistance up top. Although it had enough momentum to break up the red line, it will be stopped at the resistance. Thus i am deciding to. go short when it shows me some kind of rejction