Mallustech

Mallustech

Waiting for price action to hit the third point touches on the trendline entry strategy which also has a major support zone serving as a confluence for a long/buy action. Since its a high volatile pair I love to wait for a double bottom entry confirmation on the 15mins which will see that I have low sl level and also achieve a very good RRR.

Mallustech

This pair has created a minimum of two LL and LH on the 4HTF and I have also mapped out my key area of values; resistance level and trendline which I anticipate the price to come back to hopefully before the CAD news comes out tomorrow for my short opportunity

Mallustech

Double top entry confirmations already formed on my first resistance on the 4HTF. set a 50pips SL

Mallustech

The market has confirmed a downtrend market structure on the 4-hour timeframe and is currently heading towards my second resistance level which could potentially sell the market. I will await further entry confirmation/confluence when the market opens again.

Mallustech

The market has confirmed a downtrend market structure on the 4-hour timeframe and is currently heading towards my first resistance level which could potentially sell the market. I will await further entry confirmation/confluence when the market opens again.

Mallustech

Hello Traders! 👋 What are your thoughts on XAUUSD? XAU/USD could not break below the 4H key support level today, which will cause the pair to retrace back to the Resistance level. This will create a third point of touch on the trendline. I will wait for a double top chart pattern to form on the 15-minute timeframe to serve as a major confluence and entry signal...