As we said in the last post which was running 200pips this morning gold did return to the downtrend channel and did rebounce downtrend which we are planning to continue follow our gold journal to stay up to date
I think Market is Overbought Right now .... As few days ago there was a huge gap up and market took a resistance finally ... Risky Trade bcz .....Against the TREND .... but at the same time good RISK : REWARD Ratio
Only for educational purpose... Short Position can be taken in ITC.... after a very long matured uptrend.... we can see a Double top Formation .... as going against the trend is risky .... risk must be minimum.... and Stop Loss must be Strict ... Risk to Reward Ratio is very Favourable.....
USD is weak and had a sharp sell off yesterday but it seems to be recovering and still trading above 200 ema on bigger timeframes. In today's trading session I will be looking for a buying opportunity around 114.54 level.
Lets Long This Pair Now !! Playing against the news! Note: Do your own analysis before taking the trade.
Hi Traders! The market is in a Downtrend. Let's begin with the weekly! Here is it: The market is here in a Downtrend. Let's take a closer look to the the Price Action around the Support. At first we had a Downmovement, but the Support held and the market turned over. Then it came back again, but same thing: Market holds and turns over. After that, the market...
Hi Traders! The market is in a Downtrend. As you can see the market started the downtrend at the Top at around 1.28000. The first Trending Move was until the Support at 1.24500. The trending move had the strength of 350 pips. Then the Retracement started. The move ended at the Resistance at 1.27000. The distance is 250 pips. The next Trending Move started....
This channel has been hodl'n well, if there's going to be a continuation, we're gonna have to see a poll back and recharge. Risky trading against the trend, but 10% would be cool soooo. This is a possible short term position 1-2 weeks straight shilln
Gold extended it's bearish impulse leg into high 1230s, the move is seemingly reaching a point where sellers will want to take profit and will have to become buyers and this will potentially attract new demand and propel the price higher. However, any trade setups against the main trend are especially risky and require tight stops. Buying 1240 with 1231 stops and...
I don´t like waiting until the market provides me with a 100% copy of the perfect backtested super precise entry set up. Trading is not like fast food chain restaurant food, yu cannot always expect the same thing. While there is nothing new under the sun, price action and techncial reading of this price movement is more or less accurate. The more languages you...
After the strong breakout of the latest swing low, price pauses in a rather important support area. Entries for a short term reversal can be found
take the s.l above the blue zone, our first target is near to 1220.04. Hope you guys enjoy
Open a second order if the market breaks the downside trend. Cheers, enjoyforex
The Recovery/Retrace of the Dump has reached the last Resistance on the 4h also cleared the Weekly Pivot points The StopLoss is pretty much any new high and TP could differ because Bulls are cleary in Charge right now and we are skipping 2 Support areas with the TP. EquityRisk is 0.75% - countertrend + hedge are the reason for that
There are many traders out there who are anxious about going against the Trend, bcos they are unsure whether that works. Well, Today I got one scenario in GBPUSD where going against the trend can be profitable , only if market reverses in our marked Potential Reversal Zone. See how markets moved in Harmonic move thrice and yes, there is an ABCD pattern which I...
Positives: Strong support (recent) under X leg. Negatives: Going against trend! Risk to Reward is only 1:1.09
While we are waiting for the original Bullish cypher to complete after the double bottom, this pattern turned up, so if price retraces during the trend continuation we got a chance to ride it down a little but. Its counter trend so we only have 1 target! RSI is floating in the middle just as the price is in the middle of the two patterns, so lets see whats going...