Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 & D1 time-frame - Price action is at a Consolidation/Supply area - Price action may reverse towards the lower Consolidation/Demand area Suggested Trade: Entry @ Area of Interest 0.9815 -0.9835 SL @ 0.9879 TP 1 @ 0.9767 (Close Half-Position & move SL to Entry level once TP1 is...
Yesterday I have Entered this trade with 5 pips stop loss using 2% of my bank account. Currently it moved 50 pips in my direction. I just put it a bit above breakeven. Entry Reasons: On Montly/Weekly we can see that: 1) The price is slowing down. 2) On weekly chart we can see a Falling wedge formation. 3) Plus it is on monthly support level. 4) Also we can see...
Gold is a forgotten asset. Just today I am seeing news where BlackRock has near zero holdings of the metal. The chart says there is very little downside left for the yellow metal. This trade is weighted heavily in favor of gold doing well over the next decade or more.
As continuously discussed over the last few weeks, both here and on the YT channel, we've long welcomed a fakeout down below the very key $30 000 support zone, but given that it would recover aggressively and at massive trading volumes. We have now gotten EVERYTHING we've asked for and more in Bitcoin, and for those reasons there is a strong chance the bottom...
Intra-day: Looking for a pullback to retest the recently broken hourly trendline in confluence to our 0.618 fib retracement and a strong hourly support area. Swing: Assuming the intra-day setup plays out in accordance to the plan, a strong short setup is formed on the respectable descending trendline in confluence to the outer 0.618 fib retracement and previous S&R area.