Red Zone - Resistance
Yellow Zone - Caution Zone
White Neutral Zone
Happy New Years everyone
First trade of the new year this is what im looking at
So at the moment i am waiting for Xauusd to lose 1823.138 ish zone and if that zone can hold it down we will see a bounce at 1803 the magic number but if we lose that then we can see a further down side but i dont think that will happen
Yellow Line- Xauusd bounces off 1823 ish zone and then itll run up to 1827 - .800 ish zone then that is where i will take a short position then we would have to lose the 1823.2 zone after that itll be used as a resistance to the down side to 1814 then to 1803
Red Line- Lose 1823.138 and hourly closes under i will take a short position but will go in with half then half and some more with a retest
Green Line- Bullish analyses Break above 1827.8 and use that as support then we can see 1870 within a week or 2 but have to wait to see a update for that
1803 buy zone 1799 sl
When i get into a buy at 1803 if that happen we would need to break 1812.173 then 1814.387 then 1823.138 then 1827.800 those are the resistance
What do you guys think?
Yellow Zone - Caution Zone
White Neutral Zone
Happy New Years everyone
First trade of the new year this is what im looking at
So at the moment i am waiting for Xauusd to lose 1823.138 ish zone and if that zone can hold it down we will see a bounce at 1803 the magic number but if we lose that then we can see a further down side but i dont think that will happen
Yellow Line- Xauusd bounces off 1823 ish zone and then itll run up to 1827 - .800 ish zone then that is where i will take a short position then we would have to lose the 1823.2 zone after that itll be used as a resistance to the down side to 1814 then to 1803
Red Line- Lose 1823.138 and hourly closes under i will take a short position but will go in with half then half and some more with a retest
Green Line- Bullish analyses Break above 1827.8 and use that as support then we can see 1870 within a week or 2 but have to wait to see a update for that
1803 buy zone 1799 sl
When i get into a buy at 1803 if that happen we would need to break 1812.173 then 1814.387 then 1823.138 then 1827.800 those are the resistance
What do you guys think?
Trade active:
took the sell at 1827
Comment:
sl at 30
Trade closed: stop reached
Comment:
going to try another short if we get a retest here at 1830
Comment:
waiting for a 1830 retracement and im going in for a buy no more shorting
