In previous week, USDJPY has created a small wedge, tested for 3 times and decided to plunge to the nearest support without retesting.
This could be our oppurtunity to grab the retesting area which will be a low risk and Low SL dor this trade. This will be counted as fighting the trend and out of our playbook, please be advise and trade as cautios
In previous week, USDJPY has created a small wedge, tested for 3 times and decided to plunge to the nearest support without retesting.
This could be our oppurtunity to grab the retesting area which will be a low risk and Low SL dor this trade. This will be counted as fighting the trend and out of our playbook, please be advise and trade as cautios
Planning Gold
04 / august / 2024
Sell Stop
Entry : 2435.66
SL : 2456.42
TP 1 : 2422.34
TP 2 : 2405.02
TP 3 : 2485.05
Breakdown :
Market close on friday with NFP. Price closed and break wedge but failed to continue (false breakout). Price continue to reject the resistance 2477.00 which is the major resistance for gold as per July 24th in 4H.
Price broke...
as you can see, the price action has broken out of the "DECENDING TRIANGLE" and a decent amount of bull candle.
Entry: 115.227
SL : 114.952
TP : 116.350
risk / reward ratio : 1:4
yesterday, i posted a trading set up on GBP/USD, and it goes as planned where the nearest resistance is reach, now it is clear that long position is very much possible to trade. considering USD is weakening.
Stay stune for further Signal
from the chart, we can clearly see break out from the resistance, huge bearish candlestick and very clear sign from the 15M timeframe.
here we can enter our trade
Entry : 1.62382
SL : 1.63080
TP : 1.60947
Risk / reward : 1:2
SWING TRADE
It looks Like GBP/AUD is retesting the previous resistance triangle, and to confirm sell, huge wick has been seen througout 2 candles, showing big rejection.
Risk/Reward Ratio : 1 : 2
Entry : 1.82745
Stop Loss : 1.83763
Take Profit 1 : 1.81621
Take Profit 2 : 1.79829
GBP/USD has broken out from the triangle and begin to retest the previous support line. With a Strong wick and rejection form the support line, it is clear that price will continue to go up
From the chart, we can conclude that price starts to reject at the nearest trendline and started going bullish. This can indicate the bullish momentum towards the nearest resistance line. lets wait n see for price action and possible long position.
