wajidalikhan2123

wajidalikhan2123

MONDAY 14-08-23, INTRADAY H1 TIME FRAME SETUP.There are three visible patterns and there activation point is 1910. The most important one is a Bear flag in black because it is likely to happen fast and price may test 0.0% 1910. Secondly, on reaching 1910 at 0.0% level the DB situation in yellow may trigger the price to bounce back towards 23.6% at 1915. This may...

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FRIDAY 11-08-23, INTRADAY H1 TIME FRAME SETUP.We have seen the impact of news and the role of Gold. The spikes at news time and the adverse movement of Gold not respecting the fundamental. This is Gold. We call it Gold is Gold. Ok now, price is once again at 0% level and the retracement is due, provided effect comes later, we may see a bounce back to 23.6% 1916...

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THURSDAY 10-08-23, INTRADAY H1 TIME FRAME SETUP .When there is a high impact news (CPI a 3 Star News), we don’t trade at that time. We have a clear SOP {Save your equity first, profit comes later. Not trading is also a position having equity in your hand}. So, for the sake of entry, price needs to get into the range of 38.2% 1924 and 23.6% 1921 provided sma44 to...

wajidalikhan2123

WEDNESDAY 09-08-23, INTRADAY H1 TIME FRAME SETUP Trend is still down, so look for a resistance to enter for sell, as price has touched previous 100% level so we must be ready for the RETRACEMENT DUE also. The arrowed road map is indication a DB and if it happens then there is a HRB at 1921-23 area at 0.0% level that may lead the price to visit 23.6% 1928 ro...

wajidalikhan2123

The fibbo remains the same a low and high of two days remains the same. Trend is sown so look for a resistance to enter for sell. The greay area is still high risk entry area. Wait for sma44 to allign with 50% level to make an SNR for MRS. Today is more of waiting and observing as we are in the middle of the range. I will try to enter a sell at 0% level 1944-47...

wajidalikhan2123

As per worked plan. First TP hit from sell at 0.0% level 1946 to 1941

wajidalikhan2123

POs 1793-95-97 SL 1802 I am trying this because in H1 38.2% is at 1799 Sma200 is at 1798 and in H4 Sma44 is at 1800 and in W1 Sma44 is at 1799. Only D1 Sma200 is at 1784 and that will be the target.

wajidalikhan2123

Momentum is bullish. Tech is bearish. We are at 1818-23 Major retracement zone. Today GDP and Jobless news will turn the trend. Lets sau D1 closing above this zone tends to test 1853-73 and closing under it will lead to 1778-83 or even 1723. My intentions are more towards bearish.

wajidalikhan2123

If the price keeps below 1795 we are going down and if the price keeps above 1801 then we are going up. Down means again The Wall 1778-83 and up means again Micro retracement zone 1818-23.

wajidalikhan2123

So the Gold made the spring jump from 1778-83 to break 1800 finally. Tested new zone limit 1818-23 and retraced a bit. Now our new zone will be 1783-1823. Last time on W1 TF Gold went straight down to 1614 from this zone after making a bottom of 1680 it went into this zone and stayed for a week and dips deep. It is highly advisable to wait for the up coming news...

wajidalikhan2123

Above 1778-83 we are bullish and below it we are bearish according to D1 TF closing. The way price acted at 1778-83 testing it three times and going down and then finally breaks it. Similarly we have tested 1800 three times and quickly came back to 17xx. I still see a dip towards 1778-83 to make a spring jump and break 1800 this time. My sells are at 1790-93-96...

wajidalikhan2123 Updated 

Sma44 in H1 and H4 TFs both are at 1780 and Sma200 in D1 is at 1793. MRB at 1780 and MRS at 1793. These are the two levels to keep in observation. Provided it is Friday and also High Volatility News. These two elements can effect the price action at these levels. Do not enter if the price is hovering around at these two levels at the time of News.

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It is being a long time since my last analysis about the DT in D1. It has taken the resistance from Sma200 and now started its journey towards the neckline 1729. I didn't post meanwhile as the market was so un certain to pick an entry on Intraday basis. However we have been picking very choosy trades at the group. What I see is on larger TFs like D1 Sma200 W1...

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Possible DT in D1 TF at 1786. Neckline 1729. Completion 1616. This being a possibility depending on rejection at 1786 and then breaking of 1729. Seems very difficult near to impossible but we have to keep eyes on 360 degree angle. I see this time The Wall 1778-83 be broken and become support. So now the point of impact will be 1778-83. The Zone is still 1753-83.

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However if the test didn't make the support and got broken then we may observe the formation of a second HnS which also concludes at prev. HnS destination around 1683

wajidalikhan2123

Task by task. yet another task for Wednesday as fibbo indicating south and some what momentum is also tilted towards south so at 100% 1732.59 there is a DB situation if activated and confirmed the breaking of neckline at 0% 1749.79 then we may visit 1778-83 once again. However if the HnS in H4 (Activated) continues then price should break 100% 1732.59 to continue...

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Fibbo H1 indicating north and we can take advantage of this rise to pick a good sell position again. First chance is at 23.6% 1741.28 or otherwise Sma44 has made DEATH CROSS with Sma200 and leaning towards 38.2% 1746.44 from 50% 1750.60. Just observe the price action and on the meeting of Sma44 with any of the fibbo SNR, a sell position is there.

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Although fibbo H1 is indicating north large time frames are indicating south. There are several strong SNRs are building up for Monday like Sma44 1760.98 38.2% 1757.99 meeting of these two will make a strong resistance and Sma200 1748.95 0% 1747.37 already at strong support. Observe a rejection or break at these two levels to find a good entry point.