weno31

weno31

Looking to take a short position on USDJPY based on trend continuation. USDJPY has been on a downtrend since last week. The entry is a Break of Structure - Liquidity Sweep - Order Block style entry. Targeting a Daily Order Block or minimum yesterday's low.

weno31

Looking for gold to reach the 2,726 price. This is an old swing point on the daily timeframe. Gold had already shown signs of potential bullishness closing last week.

weno31

This idea is a bit different from the usual as it is based off chart patterns. Price action has formed an ascending flag and looks ready to break out. The stop is really minimal as this isn't the usual analysis techniques I'm used to. However, this presents a very high RR. Target is the beginning of the channel.

weno31

Since the previous USTEC update, price has retraced back to near entry zone. This idea is based off of the basic Break of Structure ---> Return to Demand zone with confidence that price still has more upside potential based on higher timeframe trend. However, the stop loss has been minimized to reduce risk. 1:7.5 Risk:Reward.

weno31 Updated 

We have BOS(Break of Structure) on the 4HR timeframe. Looking to continue with the trend to the previous micro high for 1:3 or to the level marked "👁️" for a 1:7 risk:reward. All this bearing in mind that price has on the Daily timeframe been consolidating and could go either way. However the technical analysis highly suggests higher gold prices.

weno31

As predicted in the analysis dated 05/01/25, Gold retraced to the zone in the grey box and after continued going up until our first price target of 2665. 1:3 RR reached.

weno31 Updated 

Price has for the past weeks been on an uptrend, showing clear higher highs and higher lows. Looking for price to continue higher on the basis that last week's low was a new higher low. Additional confluences include a daily order block and price showing bullish momentum immediately after tapping. To summarize, the idea is to just follow the trend. 1:3 RR

weno31

From the initial idea published on date 22/12/24, price has since reached the entry price point and is in deep blues. It is now over 50% to target. 😉

weno31

The week has been bullish leading up to FOMC, which had further propelled price up. However, Friday has presented a retracement. Waiting for price to reach price level 155.000 and start looking for long setups. This idea is based off of daily and 4H timeframe bullish structure and Order Block concepts.

weno31

Currently looking for a short at price level 156.185.