patrickindubai

patrickindubai

Market Structure: Ranging Market Area of Value: Resistance Entry: Bullish candle from the resistance level Exit if Right: 3 tranches on possible areas of rallies Exit if Wrong: invalidation of the ranging market, breakout RRR: 1:3 GOLD is highly overbought brought by the news, my prediction is that Gold will recorrect itself before continuing whatever trend it's...

patrickindubai Updated 

Market Structure: Trending Upwards Area of Value: Invalidation of uptrend Entry: Break out from trendline Exit if Right: 1:2 RRR while closing half position at 1:1 Exit if Wrong: above the previous resistance RRR: 1:2

patrickindubai Updated 

Closed my LONG position at the false breakout. Minimized losses while opening a SHORT position on the possible movement to the downside. The RSI is largely overbought while the Resistance is holding same as what it did last 20th April. This is a possible reversal This is a somewhat strong position. Will be closing 75% of my trade @ TP target and will let the...

patrickindubai Updated 

Breakout of a support. backed by a weak Dollar. Will be closing half of the position at 1:!

patrickindubai Updated 

Breakout of previous support. Sold on pullback. Game Plan: Will close half of the profit at 1:2. The rest will let run at a trailing stop

patrickindubai

Market Structure: Uptrend Area of Value: Invalidation of the trend Entry: Bearish break of trend line Exit if Right: Tranche targets Exit if Wrong: above the previous support RRR: 1:2

patrickindubai

Market Structure: Downtrend Continuation Area of Value: Break of Supprt Entry: Bearish candle confirming continuation Exit if Right: previous swing Low Exit if Wrong: Above the previous support which is not the resistance RRR: 1:2

patrickindubai

Continuation of my previous trade. Where DJ is trending downwards congesting the support area. Why I entered a short position? Because of the breakout of previous support. Fundamentals are gearing towards bearish due to fear in the Dollar market. Tranche Targets @ 1:1, 1:2 and 1:3.

patrickindubai Updated 

Great set up where the market is trending upwards and then there was a breakout backed by volume. Will move my SL close to entry price once the price took off. Will close half of the position @ 1:2 RRR and will let the rest on a trailing stop Will move the SL to break even once I close half of the position

patrickindubai Updated 

The fundamentals are leaning towards a bearish DJ30. I have seen a trend line that is slowly creating a pennant. Went conservative with my Stop Loss and will exit the market once the price invalidates my set up as well as the trend line.

patrickindubai Updated 

Price was rejected on the same level before, trying to catch a small pullback. Confirmation: RSI and MACD Divergence To watch: Might move TP to a lower level, possible on the previous high. As this set up might only be a pullback and might not be a reversal

patrickindubai Updated 

Took advantage of a ranging market. Bought at a bullish candle rejection on AOV of support. Placed 2 trades one on 1:2 RRR and the other 1:! RRR.

patrickindubai Updated 

Break out of a resistance. Trading Plan: Will close half of the position at 1:2 RRR and will move SL to break even.

patrickindubai Updated 

The price is respecting the trend line. There is a resistance that has been retested a few times and the trend going up is saturating the resistance that might result in a break out. This is a strong Buy for me as fundamentals lean on a bullish Gold

patrickindubai Updated 

Strategy: MA50 Pullback Bought at the EMA50 pullback. Entry: Would've been a better entry if I waited for a bullish confirmation, but the confluence of Golden Cross on daily timeframe let me enter the trade earlier. Exit: Invalid if the price breaks EMA100 Confluence: Area of previous resistance is the same level as the EMA50 Pullback Daily TF shows a Golden...

patrickindubai Updated 

Higher Timeframe bias is BULLISH. Strategy: Trend Following Breakout RRR: 1:2 Area of Value: Breakout Entry: Wait for the price to pullback on support area or EMA25 Exit: Market structure is broken if it breaks previous low.

patrickindubai

Daily Chart reinforces the bias on H1. The Price respected the 50EMA and even showed a pullback. Waited for the bearish candle before entering. Placed Stop Loss above 100 EMA