I think this week could be big for gold and silver. Picking gold for the better trade though. I've marked out a level to take partials. Market opening soon. Will be entering half my position at market open if it hasn't gapped significantly higher.
Starting to journal my Wyckoff analyses. I'm learning Wyckoff so I'd appreciate feedback here. Thanks you.
Harmony ONE token trade. Need to act fast. What I see: Bullish divergence, low volume at demand area, strong uptrend, nice impulse to create higher high on 15min, break of structure on 5min/1min chart, bullish divergence. Take partials at 1:1 RR, next TP at target shown and leave a third position as a runner.
Nice reaction from previous demand, looking for double bottom entry, 1 tp left open as a longer term hold. Perhaps 1.75usd TP.
Looking for double bottom. Need the following confirmations. 1. Market to slow down on lower time frame and form a structure just before entry e.g. on 5min time frame. 2. Price to cleanly break structure after hitting entry with a small initial rejection of structure. 3. Then take an entry at the 78.6% fib retracement from low to recent high in 5min timeframe.
High risk high reward trade. Trade invalidated by 9pm GMT (approx 17 more 15min candles).
Wait for hourly close above structure break before placing limit orders to reduce the chance of a fakeout.
Great long opportunity - unlikely to hit but worth putting the order on. Target $1.5.
For those who missed the first entry the second one I think is even better, if it hits ;)
Possible pattern forming....