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Falcontradingguidance

XAUUSD Sell OutlookWe saw a large selllof from gold last week which was in line with our analysis. Last week i had a kind of expanding channel which i was for a gold sell on third touch which we got and now we inside another expanding structure for a continuation sell after our impulsive move to the downside. Entry1: How am going to enter this trade is to take a risk entry on the third touch of the expanding structure to the previous low Entry2 :wait for a third touch and then an impulsive move to the downside and then when we get a small flag on the 15 minutes chart ,put a sell order on the break of correction which we categorise as a reduced risk entry.
OANDA:XAUUSDShort
by Sphiwe23
Update on NZDCADgood day boys and girls. Previously on my NZDCAD analysis i state that price broke out of our descending structure and we were looking to enter on a buy if it gave us a flag on either the 1HR or 15M timeframe. Instead price failed to do that and we saw a strong impusive sell on NZDCAD . I am still bullish on NZDCAD ,even though we did not get that correction ,price is still inside our descending channel ,our structure has evolved to a descending channel as we do not marry our analysis but evolved with the market. I am currently looking for a strong bullish reversal from where price is now which is the third touch on the descending channel followed by a continuation correction on the 15M timeframe and a buy entry on break of correction.
Long
by Sphiwe23
USD/CHF on watch for me today.USD/CHF: • If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply impulses back down below our lower rayline and a subsequent tight flag forms, then I'll once again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. (I've no video or trade recap to share with you today folks, because as well as losing almost all of my forecasts this week, meaning that I've had to redo almost all of them TradingView has just crashed and lost the video I made. Sort it out please guys. I'm paying you money for this service.) *I was stopped out of my USD/CAD yesterday for +0.61% and if I remember I shall try and break this down for you in tomorrow's video, unless TradingView lose that too. :-(
Short
by StewySongs