SRA_Trades

SRA_Trades Updated 

I'm currently observing a bullish opportunity on gold with a descending channel formation on the H4 chart. A breakout above the channel could signal a strong reversal, providing a potential long entry. Trade Setup: Timeframe: H4 Entry: On a confirmed breakout above the descending channel Targets: First target at the 127.2% Fibonacci level (2707) Second...

SRA_Trades Updated 

I’m looking to buy GBPUSD on a breakout from a bullish falling wedge pattern, spotted on the H2 timeframe. The MACD indicator shows regular divergence (RD), signaling weakening bearish momentum. This divergence indicates potential reversal, supporting the breakout. Trade Setup: Pattern : Bullish Falling Wedge Timeframe: H2 Entry: Upon confirmation of the...

SRA_Trades Updated 

I'm seeing a potential short setup on gold with a Butterfly pattern forming on the H4 chart. The key D point is at the 127.2% Fibonacci extension, indicating a likely reversal zone. Additionally, the MACD shows regular bearish divergence (RD), suggesting weakening bullish momentum, which aligns with the potential for a downside move. Trade Setup: Pattern...