Awesome_pips
so on this trade am looking to buy from that demand zone Reasons for this trade 1)AO made bullish divergence 2)price made a demand 3)price reacting to 1.20500 psychological level 4)price reacting around an H1 and H4 demand zone.... i project a 100 pips gain if price can not break and close below this 15 minutes demand zone
price made H1 demand after failed supply.....cut loss if price close below 1835.147 AO on H1 crossed above zero line
using supply and demand .... gold is in a bit of a ranging market.....but on this particular signal....if any bullish candle closes above 1837.314 then you can cut loss
this setup started from the one hour timeframe there is a recent failed demand zone and for those that watched my video on the buy analysis for GBPUSD yesterday the tp area is for the buy entry on the 30 minutes timeframe price reacting to 1.20500 psychological level...cut loss of this particular trade if a bullish candle closes above the demand zone on H1
on the 30 minutes timeframe price created a demand..... that zone is a discount for a buy but to enter this trade you need to allow price back anywhere around that zone and check for demand formation on 15 minutes timeframe but if you are the busy type...you can set a buy limit order from the first line in the zone....stoploss is 50 pips....but the advantage...
AO made convergence price reacting to 1835 psychological level we have a downward channel support being respected tp should be next available supply area
AO made convergence...although its bearish covergence....so this might be a retracement there is a bullish trendline price reacting around 1.21000 psychological level keep your minds open
AO is making convergence to the left we see a demand zone price made a bullish engulfing candle with the first momentum wait for price to cross above zero for confirmation or inside that box
first signal failed cause of employment change news of 8 am this one is for CPI IF CPI COMES OUT POSITIVE
AO made divergence price reating to 1.21500 psychological level engulfing candle march with first bearish momentum AO crossed below zero line allow price to approach the box to sell watch out fow news by 8 am nigeria time
based on my sentiments let me explain to the left you see AO created a bullish divergence last week price did not give me a clear entry at 1855 psychological....look for last friday gold signal price has been reacting to 1855 psychological level i expect it to hold with this signs hold trade if AO cross above zero line
AO made bullish divergence price reacting to 1.20500 psychological level AO above zero line bullish engulfing around 1/20500
Ao made bearish divergence,AO crossed below zero line,Bearish engulfing candle formed around 131.500 psychological level,price reacting around 131.500 psychological level...entry in that box
AO made a bullish divergence around 1855 psychological level,this might be a retracement back to the weeks open...price printed a bullish engulfing candle around 1855 psychological level....i presume this weeks candle to close as a doji....watch closely for entry inside that box
AO made bullish divergence after making bullish convergence...allow price to retrace back to the box before you enter(bullish convergence means we are still bullish but made a retracement, that retracement is ready for continuation. apply proper risk management
As we all know price has been ranging since monday..will be looking to go short at 1885 psychological level, i am using a large stoploss so instead i will divide my lot size by two.....target is 200 pips....breakeven if in profit before news
this signal is from the H1 timeframe,first price made a bullish divergence....we missed the first entry at 1.19700 price printed a bullish engulfing at 1.20500....on h1 AO is above zero line,on 15 minutes timeframe price is also above AO
AO made divergence...although it is yet to cross,price reacting to 1870 psychological line.price printed a bullish engulfing candle around 1870,price created a demand around 1870 hold trade if AO crosses above zero line