Following my previous NZDUSD idea, price broke below the triangle pattern. We will wait and see if it decides to retest the triangle and major resistance zone before shorting.
Price went against my latest AUDUSD long idea, but my bias remains the same as we can see AUDUSD is in an uptrend. It is now approaching 0.67, a major demand zone. RSI showing a divergence. Expecting a bounce from 0.67 back up to 0.679. I will wait for lower timeframe confirmation before entering a long trade.
Gold is in the discovery phase after breaking ATH. Once this triangle is broken, we should see price move up to 2500. Should be happening this NY session.
Price formed a bearish flag / head and shoulders formation. It will serve as an entry point for me
In my previous USDCAD idea, price exceeded TP1. Currently price is retesting the TP1 level, and is showing positive signs of rejection, including an RSI divergence, and a bullish engulfing candlestick earlier. Following that is possibly a double bottom, where we are now. Excellent entry point here for a massive RR of 1:7 to the next resistance zone. Conservative...
In my previous USDJPY idea, I cut losses prior to the third wick down taking out my stop loss. Could it have been a stop hunt? Now price has failed to break below the support zone multiple times, almost like a triple bottom. Now on the H4 we can see a pinbar followed by 3 white knights candlesticks; momentum might be starting to build up. Idea is still the same...
If price closes above outside the bullish flag, I will take a long trade up to the grey resistance zone for a 1:2.5 RR.
Trade placed @ 2439 - Wasn't able to publish this idea until now unfortunately. But we might see a pullback.
London session kicked off with good momentum breaking upside.
Following my previous AUDUSD idea, we see price bounced off the resistance level and gapped lower over the weekend. But my bias is still long. Although I do not dabble in fundamentals too much, the market is anticipating a rate cut soon which may weaken the USD. Along with the technical uptrend of the AUDUSD pair, it's a no brainer to buy. I look to place long...
Chart says it all. Once M15 candle closes above 2415 I will look to take a long position. 1:2 or 1:3 seems like a good target. Good luck
Price bounced off the lower bounds of the triangle. RSI divergence. Engulfing candle on M15 / Bullish pinbar on M30.
Chart says it all. No fancy indicators or tools, just look at the price action. Very clear uptrend with no support/resistance zones above. Price broke above the previous high with good momentum. We will likely see TP hit by the end of the day, or even in a few hours. Good luck
We now have a better entry than my previous XAUUSD ideas. Same long bias. This time price has retraced and bounced off a support level printing a cup and handle pattern. On the M30 timeframe you can find a bullish engulfing candle as confirmation. Day trade 1:1.75 Risk-reward with a conservative stop below the cup. Aggressive traders may place their stops below...
Price has bounced off support and candlesticks provided confirmation. RSI shows a divergence.
I have already entered a short last week at the peak of the daily tf retracement, but here is an idea if some traders have missed out on an entry. As you can see price bounced off the upper bounds of the daily tf channel with an RSI divergence. A cup and handle pattern appeared and there was a massive bearish engulfing candle that broke out of the CnH pattern....
Today I decided to begin sharing my personal trades on TradingView. This is my first weekly trade result post. Only contains results of 13/7/24 as I just started sharing. 13/7/24, Friday: +27 pips / +170% AUDUSD: +32 pips / +150%~ XAUUSD: +45 pips / +80%~ USDJPY: -50 pips / -60%~ Ongoing trades: USDCAD: Floating 0 pips / 0% Any advice for me is welcome. I am...
Price might not revisit 2400 after all- there is a lot of momentum upwards. Taking a long trade with a stop loss below the lower timeframe breakout structure. Good luck Ps: How do I add images to an idea update? :)