I'm adding a second trade to my last week's trade. The price just broke out of a correction/expanding triangle on the 4H Timeframe. More confluence that the price is going to drop.
I added Entry, Take Profit, and Stop loss for this post. Refer to previous post for More on this. It is a very simple strategy, you just need to practice.
Simple: You wait for the break of trendline/channel signalling a reversal, then wait for the price to make a correctional move and you enter at the break of the correction. Simple! Go and practice it.
Loose the first Trade, but I'm still anticipating the Market to fall. Price formed a double Top pattern and been correcting for a very long time, I'm now anticipating a drop. #riskentry
Gold 🥇 Price continue to drop and made a 3rd touch on a descending trendline and breaks out of a correctional move with high momentum. I'm expecting the price to continue dropping.
After hours of correction, the price breaks out of the correction with high momentum. I'm now expecting the price to drop down to our next dynamic support.
The price is forming a head and shoulder pattern After breaking out of an expanding triangle/ascending channel. A break of correction on the lower Timeframe (15mins) gives me confirmation to enter this trade.
Gold breaks out of a 15mins bearish flag after consolidating/correcting for a very long time
Hope you're not trying to miss this move. Gold short, might be a long swing because it is a continuation of downward Trend on the higher Time frame. Disclaimer: This information is not an investment advice.
Here we Go ! The information does not constitute investment advice or a recommendation or a solicitation to engage in any investment activity.
My first and second entry were all very bad because the correction wasn't over. But I guess here it's now. Let's ride!
Price about to continue the drop after breaking a correctional move.
Price took me out on the previous published trade, but had to re-enter because it is obvious my stop loss was very tied and the price went back to retest the pettern.
My view on EURJPY: The price formed a Doubt top pattern, which is a reversal pattern. And that happened in a correction phase right after the break of an ascending triangle on the 4h TF. I'm expecting the price to move downward impulsively. A very Risky Entry but high Reward.
Added a second position after the price retested the neckline of the double top. I predicted BTC to 14/15K last week, I'm still sitting on that.
XAUUSD hits TP, Final trade of the year, see you guys in 2023, LOL
GOLD is retesting a support zone, 50 fib level, and a third touch on a trendline as well.
NZDUSD retesting a support zone, i'm expecting the price to go long