Short term: Bullish, anticipating a breakout pullback on higher timeframe for price to continue its sell. Refer to charts and my previous video ideas
The greenback is consolidating on weekly timeframe showing a strong build up for a bullish breakout.
My trade played out beautifully last night. Short term trend is bullish to my zone around 2377-2383. I am anticipating price to continue it's sell momentum to the downside around my TP zone.
Long buy executed at 2305.99. I want to see a strong push on H4 candle to close above 2334 for a strong hold. Keep in mind that there is a liquidity price around 2295 - 2290. Let's monitor this trade and see how it goes. My buy is now a risk free trade at Breakeven.
Hey guys, I had change my buy position to a liquidity area from the nearest low of H1 support level. Lets monitor and see how it plays out
Price is getting close to my zone now. I'm in wait-and-see mode, looking for some sideways movement followed by a breakout to trigger my buy trade.
As a price action trader, I prioritize simplicity in my trading strategy, focusing on price and timing. Each breakout I pursue must meet specific criteria. Gold has triggered my sell signal, indicating a potential trend change. However, given current geopolitical tensions, I'll exercise extra caution when executing trades. Trading Plan: I'm anticipating a long...
BTC is in consolidation. I'm anticipating a liquidity run to play out. My target movement is shown on the chart. Let's see if my trading plan plays out
Bitcoing price trajectory. Fundamentals: Bitcoin Halving happening soon. Profit taking happening. Price broke ATH. Expected to make a correction at the bottom box for a value buy Technicals: Price breach All time high. Sideways consolidation. 85% of the time when price sideways it will always come out from the direction it comes in.
The gold price has broken the upper descending trendline, indicating strong bullish momentum. A contra of my previous forecasting on gold. I am not surprised as CHINA has answered back with a heavy retaliation against President Trump on its tariff hike, which has pushed the price of gold higher. This theory has its confluence with the past price history of...
Gold is forming a descending wedge chart pattern from my point of view, which could indicate a strong bullish momentum. However, this chart pattern is only valid when it has complete the wedge pattern. At this moment I am expecting the price to keep going south. Below, is my marking for support level on different time frames. RED line - Monthly YELLOW -...
Please refer to my post on 5th of April as I forecasted that dollar will likely breakout from its ascending wedge
This is a second scenario for GOLD, following my earlier post on Daily TF. First post - head and shoulders chart pattern Second post - Forming cup and handle
Gold have form a head and shoulders chart pattern. Indicating a stronger bearish trend. And, price have almost touch critical area, or neckline. A break below 1281 will confirm a strong sell. However, the behaviour of gold always like to send a false signal; false breakout.
I am looking at a Monthly chart for FBMKLCI,- showing a strong repetition on the past history of Double Top Chart Pattern from 1994-1997 and now forming another Double Top Chart Pattern 2014-2018.
Let's see if this bull flag holds and continue to push the price further north