xcalper21

xcalper21

simple strategy here using breakout entry hoping for impulse move when price breakout support with target closest support area

xcalper21

if you take a look on daily timeframe, there's a fresh demand area that you can use it for took a buy on that area if you want to have a better accuracy,wait for price to make a bullish reversal confirmation on lower timeframe Use 2:1 risk reward

xcalper21

4H timeframe on xauusd,price still move in the ranging zone,neither you can took a buy on strong support level and take profit on resistance or you can wait for price to breakout to took an impulse move with target closest support/resistance area

xcalper21

it's still analysis,if price break the trendline that mean this pattern is valid but if not,well it is what it is

xcalper21

looking for buy on gold waiting for price to retest 1770 untill that area valid as a strong support buy only if there's a sign of bullish reversal pattern on that area

xcalper21

waiting for price move to next resistance,waiting for rejection and took a sell with 2:1 Risk:Reward only took a sell when price indicate a bearish reversal pattern if price broke the blue line than wait for price to make a rejection on upper trendline resistance

xcalper21

the reason i took a buy at this point is because i'm following the major trend of BTCUSD i'm only using basic strategy support resistance and fibonacci

xcalper21

there's a bullish reversal pattern on 4h timeframe,that mean there's a probability xauusd will make a bullish move,i just wanna took a buy if price breakout every Higher low,because when prie break the Higher Low/resistance,price will move to find another resistance

xcalper21 Updated 

took a short cause what i see on the market is price making a fakeout movement,sell when price showing a confirmation on retest resistance whenever price hit support area and making a bullish reversal,i'm gonna cut half of my profit and put stoploss on break even

xcalper21

i'm waiting for price making a bullish reversal confirmation on strong support area then took a buy whnen price break the minor resistance im using 80pips stoploss below previous wick candle and 300pips take profit

xcalper21

if you look on 4H timeframe,it's cleary price making a rejection on previous support that has become a resistance so that mean USDCAD is on bearish movement for entry you have to wait price making a retest and a confirmation support become resistance

xcalper21

I still prefered to choose Long on XAUUSD cause for me the price is reversal from bearish to bullish but the market condition right now is very bad to took a trade especially for scalp my plan is waiting for bullsih confirmation reversal signal on strong support it can be engulfing/chart pattern to took a swing buy trade with SL maximum 100pips from entry poin ...

xcalper21 Updated 

simple strategy buy when resistance breakout,the trend on higher timeframe still looking bullish, now price is @ strong support area i'm using 1:1 RISK reward