DROP
XAUUSD DropGold is still moving in a downtrend channel overall, new lower highs are being created, but what's interesting is this last touch. On the 4H chart we can see clearly that a H&S pattern has formed and if we scale down to the smaller time frame we can see that more lower highs are being made in the right shoulder, the moment price breaks structure, pullbacks and creates a nice entry signal we can enter. The drop could see some pressure on the untested demand zone and if it breaks it we can see a lot of liquidity there and a possible drop to for a new lower low.
Let's short the AUDNZD - Naked intraday trade idea---> THIS IS A NAKED TRADING - NO INDICATORS <---
High probability Sell trade idea, for the downtrending general movement.
The stop loss cover the previous low and the take profit is at 1:2.5, which is an easy target but you can easily extend if it breaks the support.
PROFIT MANAGEMENT/TRADING PLAN:
At 1:1 - Take 50% Parochial Profits & move to Break Even
At 1:2 - Take 25% Parochial & move Stop Loss to 1:1
At 1:2.5 - Take 25% Parochial OR extend your profit target & move the Stop Loss to 1:2
HAVE A NICE WEEK & HAPPY PROFITS
retest of 0.49 area to follow- bearish H&S pattern developing with a target drop to 0.49 area
- bearish volume and MACD divergence formed on 4h chart
- broken trendlines are in orange color, active ones are blue
- if support around 0.47 - 0.50 holds, next target is around 0.90
- if it doesnt hold, a drop to 0.30 area, which is going to be bought agressively
im here to learn, so please feel free to comment and give your perspective!
I think Bitcoin will drop!Bitcoin touched 3 times the triangel and always bounced off that is a bearish sign!
Your analyst Henrik.M.S! Cheers!
Drop is coming.When ? I don't know but but in a bull market to its lot of dump. So don't be surprised at a drop of at least -20/30%
It's time to short the EURUSDHere as you can see the market hit the top ( supply zone ) for the third time & it got rejected by the sellers pressure.
It's the best time to SELL the EURUSD, so DON'T MISS THE OPPORTUNITY ! !
CONFIRMATIONS:
1. --> STRONG REJECTION ( Sellers react when the price goes to the top).
2. --> DXY CORELLATION ( DXY-USD currency index it shows signs for a bullish move, that means the opposite for the EURUSD )
3. --> CORRECTIVE MOVE ( As you can see the market hit the top with a corrective move, which means no big bullish volume .
4. --> PRICE ACTION ( Multiple indecision candlesticks at lower timeframes).
---> Watch if the market goes closer to the top for a better entry but with this stop loss it covers the top plus 5 pips.
WHERE SHOULD I PUT MY STOP LOSS?
You need to put your stop loss 5 pips above the supply area/top.
WHERE DO I TAKE MY PROFITS?
You need to have a trading plan the moment you enter the trade.
In my opinion at 1:1 move on Break Even and at 1:2 take 50% parochial profits & at 1:3 the rest 50% OR extend your target ( IF price actions is in your favor)
analysis NAS100hello here are the update on Nas100 to the downside, woah that was quick now lets wait for it to go down to the targets. Give it patience to make a pattern. There are multiple entries for you guys. Don't forget you only need 20 pips to 50pips to be profitable. Also always give your trade stop loss some space to breathe so it would not tap and shot to the direction you have predict. A tip is a put your SL above your LH (aka my fib of 100%%) or below your HL. Thank you for reading!
analysis NAS100hello traders, update on nas100 potential retest again to the downside. THIS IS A SHORT BUY right now. The market gave you at least 4 chance to catch at least 20 pips every time going down. I will update to the downside soon. Thank you for reading!
NZDUSD: Wait for the touch to supply area for SHORT positionMAIN IDEA: The main idea is to SHORT the rallies, SELL the top.
Here we have 2 possible scenarios on NZDUSD after the ASCENDING CHANNEL pattern:
Scenario 1: The market will go to re-test the supply zone at (0.6945-0.6975) and it will immediately drop down because of the strong sellers pressure caused of the resistance at old highs ( 2018 - 2019).
Scenario 2: After the drop of the touch on the supply area (0.6945-0.6975) the market is trying to form a HEAD & SHOULDERS pattern for a further drop to re-test the support, which was resistance.
--> To conclude you have 2 possible options: Either you see a Head & Shoulders pattern, which if you don't know how it looks like go to my profile and see, I have a very analytical explanation for H&S pattern OR wait for the corrective move to the supply area and SHORT the position from the highs and put your STOP LOSS at around 0.6985.
--> This trade will offer you a very nice opportunity with a very good risk to reward.
--> Watch lower timeframes (1H & 4H) for the price actions signals, so you know when you can extend your take profit target or when you should close your position.
WARNING: Bitcoins Last Final Push Before the 20-30% Retracement?17200 might be the peak. The chart patterns are becoming clearer and clearer and the probability of a big drop is very high. Be cautious. It's not the first time I have called out large drops.
XAUUSD Droped Nicely From 1895Hello Traders! Congrats on the profit
In my previous post, I told you to sell from 1894.40 and it dropped from there perfectly. I hope you caught the trade at the correct time. The 1894.40 figure that I gave is derived from another strategy. Like My J pattern strategy, I will reveal it soon. These are the real money-making strategies.
Our first Target is 1800/1810 after that we will aim for 1700 and after 1700 it's a perfect buy. All the trades are already ready we will just buy and sell at the correct time.
Good Luck traders. If you want me to keep posting good trades then hit the like button.
Previous post
NZDCAD [SHORT] Double Top, Make it DropDouble Top forming on the 2h chart, lets see if this drops low, its also oversold etc which will help push it down.
Gold is FOLLOWING the tendsSo im following gold... now for 3 days and he is following my trends. Like i said on another post, he will drop on 62/63 level. Good luck
GOLD Overbought, down down downMy account is now 350 euros, and im waiting the 61 level, the probability to drops is huge , the gold os overbought and the dxy waiting for hours, good luck for everybody i will update my € here.
AUDUSD SUPPLYI see price broke below the previous major low on what is an overall downtrend on the DAILY. So, I have reason to believe that price will drop from this supply zone that I found on the 5 min. chart. Some demand zones developed along with the retracement rally, starting off of the reversal on the 1 hr chart, which might cut the drop short. I intend on getting out when the time is right as usual.
