Looking for continuation trade to the downside here on gold. I have highlighted a supply zone on the 4hr chart with the purple zone and the 1hr supply zone in the orange.
Looking for trendline tap and also either a 50% or 61.8% retracement.
Looking more towards 50% because of the 1875 Key level lining up perfectly with it. Yellow highlight is where I am looking...
Fake double top formed on 4hr chart. Expecting a fill of 4hr wick and a long continuation up to 1.275. Lower high formation at the orange four hour support area. Expecting another tap of trend line for the push up. Be careful entering on Sundays for that is usually the day the market fakes out the most. wait for bullish confirmation and then execute.
Major Swing potential on Gold.
If you look on Weekly Chart after strong push up we are seeing a pullback and can expect a rally down to that last major Weekly Level ( red zone ). We need one more break of structure and a retest to confirm we are in a lower high position and are looking to make lower lows.
Really confident about this setup. We got an inverted head and shoulders on a 4H chart zone. Also price is respecting the trend line and this while be a pullback area for another push upwards. there is also a 61.8% retracement. Overall Target is 161.8% expansion but expect a pullback once the 61.8% expansions is hit and then after that retracement we will get...
Looking for another push back into white zone where the red mark on the trend line is located. We have a double top forming on the 1h chart and once we get either a long wick or a strong bearish candle we are looking to ride the momentum back down to Major level at 127.500.
Got a break of trend line and a surge up so naturally we are going to wait for a pullback to next support before we buy this pair again. I set my order where it is because if you look left at the level we have a hanging man bearish candle. So this was a very logical place for there to be buyers waiting to continue back to the upside. We got a wick entry and we are...
original long bias has changed after completion of Head and shoulders pattern. We had a break of trend line and pullback retest. We got a sick entry on wick of pullback but we are moving towards a short bias and looking to take profit at bottom level near the consolidation zone.
Bias for EA is still short. we got a better entry yesterday but hopped out due to some news on GA and did not want to risk losing any more profit. Market has currently found resistance right at major Quarter point and we are looking to ride momentum down to next Quarter point. This is a really long trade set up so manage risk accordingly. NO drawdown on this entry.
Upward bias has changed due to break of trendline. Also on this trade we got a really good entry off of wick and looking to ride this down to next support level and even further is next Quarter point. Use a runner for longer term swing
Have a bullish engulfing pattern forming inside zone and setting buy stop order above recent highs to avoid a bad entry. Looking to swing upward to next major level
Classic Trend continuation trade. Looking for a push back up to broken support and find new resistance. Then looking to continue back down to the next Major Level. Keep an eye on black support line because that is a major psychological level and is in between a gap that has not been filled yet. If we get a break of that level Looking for another push back up and...
