Entry was not ideal. Risk Reward Ratio is not 2:1
4H has not closed under MA
1H shows 3 Red Candles, Daily shows potential short term bearish via Bearish Engulfing, Double Top and MACD potentially ending Buying Momentum.
OANDA:XAUUSD
Take at your own risk:
Gold has officially broken through the 1860 Support.
Gold is now in a downtrend in 4H as it has formed a LL and LH in 4H TF.
Daily TF is showing a potential Supply & Demand Area between 1818 and 1875 where Volume Traders and Institutional Traders might come in.
4H TF is showing Divergence in MACD.
Take at your own Risk. Past results does nor guarantee future results.
Weekly Trend is Uptrend
Daily Trend is Uptrend
Weekly Fib levels show major resistance on 0.618 and 0.500 levels, these levels were also close to the High and Open of Weekly Values for Sep 05 2011.
Pennant triangle is apparent on Daily, 4H
Previous Day Candle showed Bearish Spinning Top...
DISCLAIMER : Take at your own risk . Past results does not reflect future results. Please use PROPER MONEY MANAGEMENT. IF IN DOUBT, GET OUT.
OANDA:XAUUSD
Analysis:
Daily TF: Daily Trend is an UPTREND and is above 50 MA. Previous Day Candle is Spinning Top, Market is in tug of war, no clear indication of where it will go. Daily Fib indicates that it hit...
TRADE AT YOUR OWN RISK. PAST RESULTS DOES NOT GUARANTEE FUTURE RESULTS.
REMEMBER: CANDLE NEEDS TO CLOSE ABOVE OR BELOW AND VERIFY WITH A CONFIRMATION CANDLE
DISCLAIMER: Trade at your own risk. Past performance does not guarantee future results.
Keys to Note:
A symmetrical contracting triangle is forming
SL is tight to minimize %loss in case trade flips. SL is 236 fibs meaning it has passed the 382 and most likely to go continue to pass 382
Always wait for confirmation candles before taking a trade position
DISCLAIMER: Trade at your own risk. Past performance does not guarantee future results.
Keys to note:
1. Bullish ascending triangle is observed to be forming
2. Divergence on MACD Histogram NPN has formed but MACD had not crossed yet.
3. Candles are currently on a price reversal area
4. Candle need to break through and close either side of the major price...
Disclaimer: Take at your own risk. This is a trade idea. Past performance does not ensure future results.
Candle needs to close above the Equal High/ Equal Lows.
Used Fibs to get levels and also matched with previous highs for potential TP.
Disclaimer: This is a trade idea. Take at your own risk. Past performance does not ensure future result.
EURAUD has a high possibility to come down because:
1. It hit a Price Reversal Area
2. Divergence
3. The Price Action indicates a low possibility to go up further than 1.272 from the most recent 15m downtrend
4. Bearish AB=CD pattern
