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Riskreward

XAUUSD Good buy area!Hey guys, Based on the chart there is a good buy opportunity for XAUUSD. So lets check the chart with us and see what is happening: ------------------------------------------------------------------ 1. Breaking the bearish trend line ( Bullish ) 2. Bullish Engulfing candlestick ( Bullish ) 3. Breaking a resistance area strongly and a pullback is happening ( Bullish ) ------------------------------------------------------------------ So these 3 reasons and good risk reward ratio lead me to be buyer at this area. We're trying to consider both bullish or bearish signals in each chart and compare them with each other. But at this chart we don't see bearish signals right now. ** Considering risk management rules is a necessity! Finally it was our idea about the next movement of XAUUSD. So lets see what do you think? bullish or bearish? Your idea is valuable for us so please bring your reasons in comments. Thanks for being and supporting us!
FOREXCOM:XAUUSDLong
by Brian_Philips
HOPEFULLY BULLS WILL STRIKE IN AND HIT MY TARGET.The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view. So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i might be wrong, but that is why i keep my Risk/Reward a 2:1 minimum, that way i only have to be right 40% of the time in order to be profitable. "Trading is not about being right most of the time, its about being profitable" - Anonymous Trading Details: Time Frame: 8hr Entry: Above the high of the indecision candle Stop loss: A few pips below the Indecision Candle Risk/Reward: 2:1 Account Risk: 2%
Long
by daldertg
XAUUSD Good sell opportunity!Hey guys, Based on the chart price is in a good situation for opening sell positions on XAUUSD. But let's go deeper on our reasons and see what's on the chart: 1. Price is in a downtrend ( Bearish ) 2. A correction have happened --> price reached to 0.618 Fibonacci and dropped ( Bearish ) 3. Bearish Engulfing Candlestick ( Bearish ) 4. Currently price is in an uptrend channel ( Bullish ) 5. Hidden divergence on RSI(14) ( Bearish ) So based on our analysis the bearish movement is more possible than the bullish one. So it leads us to be seller which have more probability and makes good risk reward ratio. One good trading scenario for this case is waiting for the price to reach to the top of the channel and opening sell positions regarding to considering risk management rules. So it is our analysis about XAUUSD. But please let us know what do you think about it? Buy or Sell and why? Any idea would be welcome and valuable for us. Good luck!
FOREXCOM:XAUUSDShort
by Brian_Philips
2
USDCHF Good buy opportunity!Hey Guys, Based on the chart, it seems to a have good buy opportunity on USDCHF and it would be good to hold it for following days. So let's go more details on what's going on the chart: 1. There is a strong bullish Engulfing candle ( Bullish ) 2. Price is making higher highs and higher lows which means we are in an uptrend ( Bullish ) 3. Price is close to our Bullish trend line ( Bullish ) 4. Price reached to 0.618 Fibonacci of the pervious wave ( Bullish ) So based on these scenarios I prefer to be buyer at this level (Which can be a good risk reward setup) and hold it for more upward movements. However at the moment I don't see any bearish signal (Based on my analysis) but anything can be possible and we have to respect risk management rules. Any idea would be welcome. Thanks for being and supporting us. Good Luck!
Long
by Brian_Philips
BTCUSDT ready for a big drop!Hey guys, Based on the chart and whatever happened during the last week, there is a strong bearish possibility for BTCUSDT in the following days. AS it specified on the chart, I have 4 reasons for have a bearish movement: 1. Strong daily bearish candle 2. Reaching to the top of a downward channel (It would be valid till the price remains in channel) 3. Price reached to 0.618 Fibonacci 4. Price couldn't stay above a strong support area and rejected So based on these 3 reasons I have bearish bias about the market and I consider 30,000 and 20,000 for the next targets of this bearish movement. Note: As always please take risk management rules into consideration before opening any position on the market. I'm so excited to hear your idea about the price movement. please let me know, do you agree with me or not? and why? Thanks in advance for sharing your idea. Good Luck!
Short
by Brian_Philips
30