Operation strategy 1: It is recommended to buy near the current price of 3023, stop loss at 3015, and the target is 3035-3045, and the target is 3055. Operation strategy 2: It is recommended to buy near the rebound of 3050, stop loss at 3057, and the target is 3035-2020. Facing the market is actually facing yourself. Correcting shortcomings, facing mistakes, strictly disciplining yourself, and not telling lies are the keys to success.
I don't know really if we going to flip this critical resistance line and stay above If we succeed that's give us a hope of the pull run
BINANCE:XRPUSDT looks to be forming a bullish AB=CD pattern, after finding support at 0.618 fib level. Since AB=CD is a continuation pattern. I am expecting the price to reach our projections at point D!
Bitcoin has formed an ascending triangle pattern on a 4-hour chart. The neckline has been broken, followed by a positive bullish reaction after a deep retest of the pattern. This indicates a strong signal for a bullish reversal, with a potential move towards 90,000.
On Friday 21t March gold re tested 3k USD level which is a major psychological and physical support level. The momentum is clearly to the upside however drastic news releases and economic tension are promoting sellers to enter the market. By encouraging and rewarding short sellers the opposite may occur in which short sellers are drastically and suddenly taken out of the market. I do believe gold tops out somewhere above $3100 , when that will be or if that will be is yet to be seen and is dependant on a lot of major political and economic variables. (War in Ukraine, War in Gaza, Trump tarrif's etc) This trade utilises the fibonacci re tracement while also factoring that when gold drops on a Friday typically (if the uptrend is to continue) then the market will gap up upon market open on Monday. Key levels: Entry: - Majority of entry points around 3022 - 3025 - BUY orders also set all the way down to 3018 Stop Loss: - 3015 is the stop loss for this trade (I have found that anything beyond a $10 SL is too much using leverage when trading gold. If I got it that wrong then I will happily bow out and take the loss after $10 move in the opposite of my desired direction) Take Profit: - 3075 up to 3085 will be major TP levels - As the market will be anticipating the last push to $3100 so I believe we will see some volatility in the final move up to $3100
The 325 day moving average is seen in my chart as pink. The rejection on Friday followed with a healthy retest over this weekend makes me believe liquidity is at 90-95K. Then we will see more choppy behavior.
The micro financial market is governed by fixed news events. You participate in the financial market knowing that the economic calendar is fixed, and prices will rise and fall whenever news is released. However, it is not too difficult to conclude whether the news is good or bad in relation to the DXY. This is because such news has no significant impact on the macroeconomic factors. In other words, if the U.S. economy is growing, the micro news events will only have an effect during key times and important events, and vice versa. As you can see, when the DXY enters a downtrend, micro news events within monthly occurrences will affect the results. This means that these news events and the DXY cycle interact with each other. These events are fixed and occur monthly, acting as a golden key for the market to "take money" from small investors. During these events, prices will cause you to feel anxious, and your emotions will fluctuate, waiting for you to make the wrong move so they can officially take your money from your account without significant complaints. Today, I raise this issue for your consideration. Good luck.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/USD Sell. Enjoy the day all. Cheers. Jim
We have a gap on CME futures at about $84,435 and this is something to take note of. Depending on if/ and when retest this price level, it could be a place to go long. Not financial advice, DYOR.
We post about Back testing Analysis of our Strategy on GOLD on Quarterly Basis..Analysis with Confirmed Precise Entry Strategy on H1 Time Flame for Various Patterns and Structures .No Indicators,only Nake Chart Patterns..We Trade 10 Pairs EURCHF,EURAUD,EURUSD,AUDUSD,GOLD,SILVER,GBPUSD,USDJPY,USDCAD & USDCHF