On the monthly, we are trading in bullish area. Weekly, we have a M formation (my Target) Daily, if we come back on bullish structure I will wait the break and retest.
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We are in a clear uptrend so the goal is to follow the current (the wave of the market). On the Daily, we got a momentum bullish daily candle, Also if you look the COT data JPY is very weak in the current market situation. So with my strategy, i expect the market to make a impulse to the upside
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No rate cut from the Fed = USD bullish for sometime Strong USD make gold weak Overall the gold market is bullish on the long run. I expect a market manipulation around 2038-2049 area = resistance trend line that will make the market look very bullish, so they will fooled everyone with a bearish Momentum. I expect xauusd to go around 1985 - 1975 or maybe...
Rate cut are not close, so that's making the USD strong. ( there is no fear in the market = usualy when we have fear in the market you protect your money in gold/commodities). And we are currently forming a downtrend on the daily and weekly timeframe, but keep in mind that in the long RUN we are bullish ( look Monthly ). We could expect gold to trade in the...
If you take a look to the COT DATE COMITEMENT OF TRADER/EDGE FUND you can see that GBP is BULLISH and JPY is berish = GBPJPY VERY BULLISH And if you look the structure on the weekly and daily, we did broke retest AND REJECT the previous resistant turned support so VERY high chance of going to the up side let's see 5:1 RR trade 1% risk
AUDCAD Weekly M formation On the Weekly we have a M formation so our target. On the Daily, we just broke daily struction so we started bullish momentom on the 4h too 3 time frame in sync
The neckline of the W is the a major zone 158.500 we could see a bullback into this zone Monthly is very bullish, but its a trade for lower time frame Weekly could see a pullback for the until next week Daily so much things going on: 1- we have made a M formation that should be completed later on 2- because of this M formation we are currently bellow market...
So here we have a W formation on the weekly time frame. that is the target. and for the entry point we are currently creating a ICI to the down side. perfect match up togheter. I have 3:1 risk to reward as always.
I m looking to sell this I.C.I. its a simple trade Currently Waiting for a retest of structure We have a good ratio risk to reward Stop loss is protected This is trading keep things simple
I m just following the wave with a good riskmanagement. Using Fibonnaci as Retracement and impulse.
I see a good ICI on the daily I have a risk to reward of 3:1
we have a daily ICI and we are currently restesting 4h EMA looks very good in our favor
on the weekly we can clearly see the M formation this is the TP on the 4h i just got some signal entry but not all of my signal so what i will do is cut my risk in half. Risk 0.5% on this trade
Monthly Bullish Weekly Bullish I.C.I. formation Daily Bullish currently restesting the structure Waiting for an entry.
Monthly Bullish - MONTHLY I.C.I. with a strong rejection I want to see the next monthly candle bullish Weekly mix - still waiting Daily Bearish - waiting break and retest Its a big swing trade Entry need to fit your own strategy
We have an ICI on the weekly can could be completed Currently waiting on the Daily time frame retracement to the W neckline and to 61% fibonnaci and after a break of structure on the 4h time to take the trade