EUR/CHF 1/29/2021 11:50 (DEMO)EUR/CHF 1/29/2021 11:50 SCALP
Fundamental/Sentimental
News Events: A lot of smaller events going on, but none that should effect price too much. Regardless, friday volatility is right around the corner.
Market Sentiment: Bullish sentiment
Technical
Time Frame Analysis:
Monthly: Buyers breaking out of an uptrend with a building momentum in power
Conversely, sellers are showing signs of exhaustion
On an uptrend out of a down trend
Weekly: Buyers are reaching for higher levels but sellers are stricking back
Daily: Price is is acting stronger on the side of buyers, despite not using all thier volume
Although price is being pressured by a structural level, that level has been semi-penatrated and price is further inclined to go upwards by the uptrend which sellers struggle to hit indicated by moves to
It appears that buyers have an eadge so far on the daily.
4H: Buyers seem to have over extended, price may drop a bit to gather more buyers
Structural level and trend seem attractive to price action
1H: Price seens ti ve testing a supporting trendline more strongly that the resisting one indication buuyers are being pushed hard
Reason for Trade: Buyers have taken advantage and thrown a large sum of buyering power to create an impulse, indicating they still have power, but ideally, a retrace would be the ideal thing in this situation given the strong structural level, a 61.8, and indication of exhaustion at the 100% with a small HS.
Indicators: RSi Looks bullish on everytime frame and even supports a bit more buyers on the 15M for a small window before a drop on the hour
Entry
Order: 0.05, 5000USD
Position: Limit Sell at
RR: 3.89
15min
XAUUSD gold scalp markets move wayy too fast to type trades lolThis morning, me and the team are analyzing and trading XAUUSD with the USD news in mind, we started to scalp sell XAUUSD yet the markets are moving too quickly for us to send out signals as soon as we send in the trades to the system!
Anywho, you might notice the chart is in 15m...we use the 1m charts to get exact pricing more exact hh
what do you think about this trade? Would you take it?
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