this is a simple setup of a Violated Brickwall on Gold(resistance) and a break and retest on our newly created High
Usdchf look out for brake out b Brake above we look for bullish power Brake below we look for bearish power
Price has to rest structural support before continuing bulling direction. A little patience is required. As ever, it’s just about the manipulation of hopes & fears of retailers by the institutional traders. It’s been a while. Let’s go!!
We see price failing to break previous high and breaking the trend line up and continues to create new structure. Here price makes consistent LL and LH and trending below the brick wall. Entry is on momentum with 12 pip SL and 36 pip TP. LETS GOOOO!!!!!!!!!
in correlation with NAS100s downtrend, GER30 might be lagging and this structure may make the main move.
Wait for price to form support to push higher since it's in an uptrend..Or wait for break and retest below the support for price to push lower as I have illustrated on the chart
Gooday Family We had and impulse down on US30 and now it is giving us a neat correction. We can capitalize on it by taking a sell trade after the break of the correction. Our 1st take profit can be on the 90% Rule level, or you can trail stop your trade/trades. Thank you.
An update on a few trade ideas shared this week, and a potential GBPJPY sell opportunity with the uncertainty of the Brexit deals. Can we see GBP weaken for the rest of this week? We will soon find out.
What an absolutely beautiful call on this trade idea. Price action came into exactly where we mentioned, and for those who set sell limits, this is a traders dream. ZERO drawdown and a continuation to the downside. Now we just wait patiently with an investors mindset and see if the markets move in the direction we expect it to go. Trade management at this stage is...