Price is in a channel and can break out up or down. I see it moving down as momentum was pushing price down and a few dojis' have printed. The Entry here will be to enter after the break and on the retest after a confirmation candle has printed. SL can be placed just below the previous low or previous high depending which way price moves.
If Gold Breaks the current resistance, i shall look for a buy entry. SETUP: Break and retest of current resistance.(retest can be on the 4hr, 1hr, or 15min timeframe). ENTRY: Bull confirmation at the Break and retest Price is at major support on the Daily, currently missed the bull move on the 1hr time frame so the next setup will be at the next zone(resistance).
SETUP: Trendline(Higher low), Support. ENTRY: Bull Confirmation Candle(Doji, engulfing, etc.) 15 min chart can be where entry is taken. SL: 94.5 TP 94.8 SL can be moved to break even once price starts moving up. A trailing stop can be used as well. TP can be taken and a small position left open with a closer trailer stop. Price can move to the 94.48 area before...
Looking for price to come lower as price has reached a major resistance and the top of the channel. I will be looking for Confirmations on the smaller time frames before entering. if price breaks up, i will be waiting for a nice clean break before entering.
SETUP:Support, Higher high on 4hr. Entry: Bull Confirmation Candle(Doji, Engulfing), Smaller time frame trends. SL: 1264.3 TP: 1272 Note: Im looking to move TP to the 1276 area after it reaches 1272 area and then move SL above break even. Area to look out for: 1262 area for a push up if price breaks current support.
SETUP: Support and 4 hour 200 EMA ENTRY: Bull confirmation candle, momentum shift on smaller time frames(double bottom would be an extra confirmation). SL: 93.8(SL may change when trade is entered) TP: Next zone up Note: Price may reverse around current price of 94.30 as minor support is there. -Price may move down to the Daily 93.30 support level before moving...
SETUP: Break and Retest, Support. Entry: Bull Confirmation Candle on the 1 hr or 15min frame. 4hr bull momentum.
SETUP: Trendline and Support Entry: Bull Confirmation candle.
SETUP: EMA, Support Entry: Confirmation Candle(entry may be on the 15 min chart). Waiting for price to show signs of slowing down before printing an engulfing candle or doji and moving up. Price can also move to lower trendline and support before moving back up.
SETUP: Trendline, Support. Entry: Engulfing Candle TP: 1270 Price can fall down to the trendline before moving up.
SETUP 1: Support, Break and retest. Entry: Bullish confirmation candle. (1hr or 15 min timeframe). SETUP 2: Resistance, Double Top. Entry: Bear confirmation candle. (1hr or 15 min timeframe). Price needs to consolidate before moving downward.
SETUP: Support, Trendline, 200 EMA Entry: Bullish confirmation candle, (double bottom will be an extra confirmation). SL: 1.741 TP: 1.754
SETUP: Support and double bottom. Entry: Bull confirmation candle, Double bottom(this will be a extra confirmation) SL: 1270 TP: 1282 There is still downward momentum, I'm waiting for price to slow down even more before moving up for a pullback.
SETUP: Major Trendline and Resistance Entry: Bear Confirmation Candle. TP 1: 1.555 TP 2: 1.547 TP 3: 1.528 Daily time frame for overall view.
SETUP 1: Resistance(Price is at the top of the channel). Entry: Bearish candle. SL: Just above resistance. TP: Bottom of the channel. Note:This is a short term trade to be executed on the 15min chart. SETUP 2: Resistance, Higher lows. Entry: Bull Confirmation candle on the break and retest of current resistance. SL: Just below the low of the retest...
SETUP: Support. Trendline. Entry: Double Bottom, Bull Confirmation Candle. If the trend ends here, Setup will take place.
SETUP 1: Resistance Entry: Bear Confirmation Candles SETUP 2: Support Entry: Bull Confirmation Candles. Today is slow, trade execution may happen Tuesday.
SETUP 1: Resistance, 2 Trendlines, (possible double top). Entry: Bear confirmation candle - Engulfing candle(inverse hammer, doji are extra confirmations and make for a stronger entry). SETUP 2: Break and retest of resistance and trendlines. Entry: Bull confirmation candle.