XAUUSD - 1H - SCALPING/DIVERGENCE - LONGPREVIOUS ANALYSIS:
Analysis:
Analysis:
Gold price is at strong support.
As per our previous scalping analysis, Gold reached its target today.
Today or this week we'll be focusing on retracement entry.
The same trade will be taken on our Youtube stream.
Happy trading.!
Best Regards,
The MorningStar Forex
Technical-analysis
Pure and and applied market structure in playI see that after a long period of price trading within an initial range a heavy downward momentum came into the market pulling the market down to 1.18642, after this there is an expectation that in obedience to the rules of market structure, there will be a pullback to one of the resistance depicted by the the red horizontal lines, then once a trigger candlestick shows up, we hope to continue downwards.
XAUUSD - 1H - RETRACEMENT ENTRY - SHORTAnalysis:
Gold made a massive downside move as we expected earlier,
Now we'll monitor the situation for a perfect trading setup.
There are two possibilities as per below. Please look out for setup.
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Happy trading.!
Best Regards,
The MorningStar Forex
XAUUSD - 1H - SCALPING/SWING - SHORTAnalysis:
Yesterday Gold made a huge downside movement with 23% retraction, That was a nice entry point for the Short position.
According to the current situation, the price has already broken the support level and tested as resistance twice.
Entry Point for Short Trade: Currently ideal time for entry
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Happy trading.!
Best Regards,
The MorningStar Forex
AUDUSD - 1H - Head'N'Shoulder- SHORTAUDUSD is forming up into Head 'N' Shoulder setup. Also looking at USD pairs, we can figure out strong upside movement in USD major pairs. Considering these two scenarios we can conclude there are high chances AUDUSD will be a good option for a short position.
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Happy trading.!
Compression, Expansion, Trend - US100Started on the NDX, looking for possible targets to the downside.
End of month is upon us, bank holiday Monday too, traders look to square their positions, funds look to rebalance.
Not trading inside the ranges, looking for a clear break, retrace and continuation pattern
NZDUSD | SHORT-Values-
Entry Range: 0.72242 - 072454
Average Entry: 0.72385 (RRR: 1.85)
Stop Loss: 0.72678
Profit Target: 0.71840
-HOW TO ENTER MY TRADES-
1. Ladder your entries.
You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled.
(The "Average Entry" you see in my ideas are always 1.8 - 2.)
2. Only first touches are valid.
If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid.
Example:
Trade Idea:
Valid and Invalid Entry:
US100 - How To Buy The DipThis is a bullish reversal pattern - using the overnight liquidity levels for where buyers may want to step in.
Not all liquidity levels hold to the tick. And catching a falling knife gets traders' accounts killed. However, if we wait for a reversal signal/pattern at a known level where Buyers are sat. We can usually get a good entry.
The pattern happens across all time frames but for those looking to keep risk to a minimum you want to use the smallest time frame possible without being subject to too much noise.
Only you will be able to tell your risk tolerance.
BTCUSD - Bitcoin - DowntrendI don't trade BTC , or any other crypto.
But I am aware of the movements as it appears they reflect the Risk-on/Risk-off sentiment of speculators.
For a while now I have been highlighting a possible Head and Shoulders topping pattern on the daily time frame, but this week's close is key for crypto bears and bulls alike.
If the weekly close is a new Lower Low, traders will probably puke their week hands. Long-term HODL won't care so a short sharp risk-off move would be preferable.
US dollar is likely to come down further, so this is not a US dollar move. It could be a move away from uncertainty as Environmental, Social and Governance (ESG) become more of a dominant theme in all resource-heavy assets, usually the commodity space. Elon Musk cancelling BTC as a payment method for TESLA (TSLA) is all about carbon tax credits, as he won't be able to apply for carbon credits if he is not seen to be carbon neutral. Bitcoin mining has been heavily criticised for the amount of energy required to create a block. Whether or not this is a valid point I don't know.
US100 - NQ - Overnight Liquidity These are the levels that I shall be watching today.
My bias is to the downside for the start of the week, but obviously, with the amount of volatility possible with BTCUSD falling off, we could get all the downside and upside in one day.
For now, I'll just watch what price does before the US Open. If we take the upside out first, I will be very bearish the rest of the week until proven otherwise.