AgoMercy

AgoMercy

The price touched an ALL TIME HIGH during Sidney Tokyo and now showing distribution. The IMBALANCE AREA created this morning is going to be filled soon or later. Stop Loss above the ALL TIME HIGH and take profit slightly before the base of the candle that exited the BALANCE AREA(Market Structure), for a R/R of 1:2. Thank you.

AgoMercy

The overall Market looks Bearish on the D TF, where we can see an M structure with double top rejection and market looking to close the last half of the leg of the M (Blue brush). On the 4hrs TF the market is doing HL and LL confirming the Bearish structure. Highlighted in the yellow rectangle we have 2 big Bullish candles that show MARKET IMBALANCE. Thank you.

AgoMercy

Previous Resistance Area has been touched. I think price is going to be rejected.

AgoMercy

Big Engulfing green candle on 15min TF. Buy at Market and TP at previous resistance zone

AgoMercy

London showed reversal and bearish momentum at 8am Market Open London. The TP is set to the previous Support.

AgoMercy

Resistance previously broke and now probably being retested.

AgoMercy

Previous supply level broke and now being retested. For this reason i place a buy limit.

AgoMercy

Previous Resistance Broke. Set TP to Next Resistance

AgoMercy

(ANALYSIS ON 15 M TF) - Bears have been rejected previously at 2390, which has been used as Support on 12 July and on 19-22-23 July. I believe price is going up to the previous Resistance around 2480. Thank you FOREXCOM:XAUUSD

AgoMercy Updated 

The pair is now trading at a supply area and it can be convenient to sell. Trade small and protect your capital.

AgoMercy Updated 

(I am posting this only today but the trade setup is from last night) GBPNZD has been trading in a range for the last month and globally is now trading at a historically high price (last time it was in this area was during covid 19 - general market turmoil) There was a good opportunity to sell at market open with a Risk Reward Ration of 1:3.3. You can either...

AgoMercy Updated 

GOLD SELL at PRICE 1955 - STOP LOSS at 1965 - TAKE PROFIT at 1928 For this trade I am applying Wyckoff model. Indeed, we are now in a distribution area after a market mark-up. A distribution is followed by a mark-down. That's why I am short. Thank you

AgoMercy Updated 

The market is Bearish. Price could be rejected at level 0.236 of Fibonacci where is trading now. Good opportunity to Sell. Risk Reward Ratio: 2.4 Trade wisely! Thank you

AgoMercy Updated 

A retracement is a minor pullback or change in the direction of a financial instrument or Retracement happens when the price reverses near the pivot points of support and resistance levels. Indeed I am going against the Daily bullish trend. Stop loss obviously placed slightly above the resistance, and take profit slightly before the support. Thank you #agofx #gbpusd

AgoMercy

As per our strategy Gold is still bullish. We are now at support area (purple rectangle). BUY GOLD NOW (1987.00) STOP LOSS (1980.00) TAKE PROFIT (2004.00) Trade wisely at your own risk! Thank you.

AgoMercy

The Daily Chart is Bullish. Gold now touching the ascending Trend Line (orange color), good opportunity to buy. Signal invalid if price penetrates the blue triangle structure OR you can either choose to re-enter market a second time when price touches the lower triangle side(in this case place stop loss accordingly to the price). Take profit at 2030 (higher high)...

AgoMercy Updated 

The break of the triangle structure will give us the opportunity for a buy or a sell trade, depending on the direction of the break. Price will continue to bounce on the sides until this will happen. With the easing of the market conditions after the past weeks storm created by SVB bank situation, Credit Suisse, etc, and the fact that we are at a very high price,...

AgoMercy

XAUUSD touch MA20 level in a BEARISH MARKET. This gives us a short entry opportunity. Thank you.