USD JPY - Fresh demand zone, fresh buysG'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Three, Four Day
Orange = Daily
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Below are some of the take aways from the video - please listen again incase any detail is missed.
Daily
Weekly
Monthly
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Professional analyst with 6+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
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LVPA MMXXIII
Demand Zone
GOLD/ XAUUSD LONG/BUY🔰 Pair Name : XAU/USD
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : SELL THEN BUY
Undoubtedly, Gold remains subjected to significant selling pressure. Nonetheless, considering the technical aspects, it is crucial to emphasize that Gold is presently in the process of rebalancing the market through the accumulation of liquidity within the range of 1937-1940. As the price nears the 1921 level and subsequently retests the manipulation zone of 1909-1910, it indicates that Gold is likely prepared to capitalize on the liquidity available at the 1H Supply Zone, specifically around its hourly key high near 1937. This situation presents a favorable opportunity for a retracement, aiming to rectify the market imbalances that have developed over recent weeks. Based on our projections, the potential price target is expected to reside within the range of 1937-1940.
Considering these observations, it is paramount to exercise caution and make well-informed trading decisions, while maintaining a vigilant approach to the dynamics of the market.
A long Opportunity on AUDCAD As is shown on the chart we have a QM setup right at the bottom extreme point.
Two types of entry could be taken into consideration:
First one is a risky entry once price reaches our entry, we enter a long trade with no hesitation whatsoever.
Second one is a confirmation entry trade which means in lower time frame like 5 or 1 min we spot a reversal and then jump into a long trade.
My trading tactic and journal XAUUSDI place limit short selling order at the resistance level
because i think at the end of this month the price of gold will close at the lower price in order to rebound next month (September)
therefore, i am bearish on gold from today 10 Jul until at the end of this month.
Example of grid trading
I place limit sell order at 1930$ and STOPLOSS at 1960$ Target 1900$
risk 30$ reward 30$
I place buy limit oder at 1893 and STOPLOSS at 1860$ Target 1940$
my second order is at 1940$ / STOPLOSS at 1972$ Target 1900$
(0.618 fibonacci retracement resistance level)
risk 32$ x 2 = 64$
reward 72$ x 2 = 144$
My third order is at 1952 / Stoploss at 1972$ Target 1900$
(0.782 fibonacci retracement resistance level)
risk 20$ x 3 = 60$
reward 52$ x 3 = 156$
SWING TRADING: LONG USDCHF. TARGET 0.90385TRADE TYPE: INSTANT ENTRY LONG
TRADE DIRECTION: LONG
TIMEFRAME: 4H
ENTRY PRICE: 0.89370
STOP LOSS: 0.88850
TAKE PROFIT: 0.90385
RISK TO REWARD: > 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
BTC ANALYSIS 8/7/23BYBIT:BTCUSDT.P
We are BACK with other simple analysis and yes, we are still in that consolidation phase for now and just waiting to signal what way BTC wants to go but either way we adapt to whatever it is get some nice trades in. As far as we know guys, we could be about to blast all the way up to the 35k mark at any time! I am still longing as I am long bias although my risk is less and my SL is much tighter at this point in time. The biggest advice I can give out of this post is -
*Stay extremely patient and don't pull any impulsive triggers.
*Keep your risk to a minimum.
*Make sure the SL's are tighter than usual.
*As I said in yesterday's post take this time for studying on your craft OR yourself.
Thanks guys.
XAUUSD SHORT XAUUSD price stays below $1930 major resistance and struggles to extend Friday’s corrective pullback. It remains sidelined between the $1905 and $1930 trading range. As $1915 support was broken, $1904 and the $1900 may be the next target for gold sellers. From a technical perspective, gold stays below $1922 and we can expect further decline. 4th of July holiday in the US tomorrow and the liquidity will be light.
POSITION TRADING: SHORT AUDUSD. TARGET 0.64000TRADE TYPE: INSTANT ENTRY
TRADE DIRECTION: SHORT
TIMEFRAME: WEEKLY
ENTRY PRICE: 0.67000
STOP LOSS: 0.69000
TAKE PROFIT: 0.64000
RISK TO REWARD: >1:1
ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
USD is Trading Inside of Wedge and May Rise to ResistanceHey Traders👋🏻
On The Daily Time Frame The USDJPY Price Reached a Strong ResistanceLevel (142.255-141.267)✔
The Price Broke This Key Level (The Resistance Becomes New Support Level)
Moreover, The USDJPY has created a Rising Wedge pattern and trades inside.
So, I Expect a Bullish Move📈
i'm waiting for a Retest...
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TARGET: 145.050🎯
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GOLD will fall more currently the gold is moving between a bearish channel and is broken below the weekly resistance ..in that case it would be fall more until 1880 weekly support which was previous resistance .in that point gold seems quite bearish .we can see the daily demand around 1910 area was actived and price moved to 1930-1936 area again.
on other hands , IF the gold trade above 1940 means ,the bulls back in to tha market then turn the trend to bullish side .currently we are only looking for gold selling opportunities until it trade below 1930 and 1940 area.
also the MACD histogram is giving a negative signal and that means there has a higher probability to sell on gold
good luck for this week..
OANDA:XAUUSD