in this week we are monitoring XAUUSD for a short opportunity around 1799.381 area respecting the weekly downtrend in combination with the daily resistance zone. Keeping in consideration the volatility we will see today for the FOMC event.
Given the index of these currencies as well as the important levels of resistance, I have a sales attitude in two areas
One of my favorite setups , reversal on a higher time frame uptrend channel and broke out from a broadening channel on a lower time frame. Decant RR
If this current candle closes as a Doji i will be setting up a pending order to go short 10pips below the daily candle. Profits will be at a previous structure point and stop loss above the daily high. Lets see how it plans out. Any thoughts or questions let me know
EURCHF Just set a pending order before market closed above the daily highs. Last 2 days have both failed to reach to previous daily lows at a major support level so lets see how it plays out
The price is near a monthly high, looking to take at least 100 pip TP for short on this.
We all love a pending order where we can set, forget and collect. Set the order - Pending buy @ 107.700 - Stop Loss @ 107.200 - Take Profit @ 110.00 Forget - We can leave and forget our pending buy with some confidence due to the quality of the setup. This is a straight forward Fibonacci setup on a high timeframe, using a high timeframe adds weight to the...
Set a pending order below this Doji candle, hopign this is the end of a pull back and hoping to take price lower Entered this position yesterday but was unfortunately stopped out this morning. If this one fails will probably be the last time i enter on this particular pair for the time being . Lets see how it goes
Buy if 4hr candle close above. sell when 4hr cand close below
Hi All , I've a pending order on USD/ZAR to short it . As you can see price has been rejected from recent highs , and trend is bearish . Aggressive entry will be current price , but caution here , as i want to see if price breaks through and close with a bearish candle on H4 before shorting . Otherwise will join the trend when i see a clear rejection in H2 and a...
(Favorite) We might be in orange wave ((c)) of pink Y of green (B). Therefore, I'm looking for price to make a new low beneath 1.2662 around the 1.2630 - 1.2500 zone before rallying up for wave (C). In this case we would be in an Expanded Flat, where wave B should ideally turn before the 138.2% Retracement wich is @ 1.1420. (Alternative) The alternate count...
I think we finished a large ABCDE Triangle at 0.8655 This move higher therefore should be wave 1 of an impulsive wave. We are nearing it's termination point as we can count 4 waves already and making wave ((v)) as an ending diagonal it seems. This means, once this larger wave 1 ends, we will see price pullback in a 3waves move lower, ideally to the 0.618...
Wait for pullback before buying ! Price is in the termination point of black wave ((3)) We can count the Subwaves and expect blue wave (v) to end now or a bit higher at 0.9731 (0.618 Extension) Notice the divergence also. In any case, this is not the time to go long but to start taking your profits if you have bought earlier. Trade Setup : * Entry :...
Wait for pullback before buying ! Price is finishing a 5waves move up, so, now should make a 3waves move lower. Each of the moves lower are composed as 5-3-5, as drawn in blue. Alternate count suggests we are in a Expanded Flat, in wave ((b)) wich, ideally, should not go above 0.7356 (1.382 Retracement) and preparing for ((c)) lower. Trade Setup for first...
To reach the supply above soon. Get ready to set the sell stop order soon!