rhf_fx

rhf_fx

Gold broke resistance and formed a nice support on lower timeframes, this was good confirmation to take buys, with TP at the wickfill and stops below the previous candle, we secured entries at 35 pips and the runner got stopped out at breakeven. So a nice win for the night

rhf_fx

We are at a very interesting point with gold right now. Resistance has been formed around 1883-84, if we break it and form support on lower timeframes we have good potential to fill the wick and maybe even tap into resistance if there is enough volume in the market, that would be the first target. However if we break below support there are opportunities for...

rhf_fx

We are currently trading in a 15 pip range. I will not be trading in the range as it is too small. If we break above resistance and form a support on lower timeframes, I would look to execute buys up to the next resistance, I would look to secure positions at the first two buy targets highlighted on the chart as those are rejections areas. There is clean traffic...

rhf_fx

We are looking for a break of support at around 135.350-00. If this happens we would look for a resistance to form on the lower timeframes before looking to sell back down and fill the clean range down to 135 flat. The reason I am not looking for buys is that the upside is very choppy and there isn't a clean range to long into. However if we respect the support...

rhf_fx

As you can see I took an entry based on different confirmations, however this analysis played out to a tee, price broke below support, created resistance on lower timeframes before selling down to our daily support target of 1850. This was a 87 pip trade with almost no drawdown. My students and I entered at 1864.25 so for we caught around 142 pips. A great trade...

rhf_fx

Price broke support and made a low but resistance was not formed to take an entry, as resistance formed later on I executed a sell as the 15m candle broke the low of the previous bearish 15m, with our SL very tight above the previous candle. As candle tapped the wick of the low, entries were secured at 18 pips, before price came back to entry, so a small 18 pip...

rhf_fx

On the first break of resistance, support wasn't formed and price moved back into the range, as bullish momentum started to appear, we took a buy when the 1h candle broke the high of the previous resistance, to continue bullish, this was an impulse entry as there was very strong momentum bullish. The SL was below the current 1h candle and the Target was the...

rhf_fx

Could be a good opportunity if there is enough volume in Asian tonight, we have formed a resistance on the 1h tf, a solid break and formation of support could give a good chance for longs up to 1872-74, the next resistance. However if we get a break of support below 1858.75, we could see gold potentially retesting daily support as there is a clean wick to fill,...

rhf_fx

Looking for potential buys or sells to fill clean candle ranges on the hourly, sells are preferred as there is a very strong support with multiple rejections. Levels are marked out on the chart, could be a potential trade for the day.

rhf_fx

Its the start of the new trading week, and Asian session so personally not taking a trade yet, this is just to spectate, especially as the market opened with a gap. We are currently breaking resistance on the hourly, if it breaks, and support forms we would look for longs up to the next resistance to fill the range, if we close into the range again we would look...

rhf_fx

Support was not respected as gold broke out of the consolidation zone so this analysis is now invalid. Freaky Friday in full effect and that's the reason it was to spectate and not execute a trade.

rhf_fx

Gold has just broken the 30m and 1h resistance and would most likely follow clean traffic through to 1870 if support is respected, however as it is the end of Friday I am just spectating to see if it plays out as it should

rhf_fx

In a 50 pip range with clean traffic for potential buys and sells, wait for a break either side and support/resistance to form before taking an entry