BetterBusinessBully

BetterBusinessBully Updated 

61.8 fib level on the daily and on lower 1H. Could be a little risky but risk reward ratio is favorable.

BetterBusinessBully Updated 

If 2620.96 is broken and closed below I will be looking for a retest. Currently sitting at 38.2 for a trend continuation. Micro trend is bearish at the moment. The bullish channel which began back in February 2024 has broke and current price is the top of the retest outside of said channel whilst also the top of a newer bearish channel. High probability that I...

BetterBusinessBully

Now that trend has changed I will finally start looking at opportunities to short Gold and Silver. Let the descent commence. Analyze the chart and the tools if you'd like. I use parameters on to take this trade.

BetterBusinessBully Updated 

We are currently at another bounce off the 61.8% waiting for price to create a second wave or a V to reduce the risk of of buying after this bearish impulse. I am waiting for a breakout and price to have a strong push above 2403 and retest prior to looking for entries to reduce downside risk. Last trade I rode it up and then caught some of the short: Term/

BetterBusinessBully

61.8 after correction at the bottom of a bullish channel. Already showing divergence on 1H after the ABC correction also. I am not taking a buy I am waiting for a signal but before signal I will patiently wait for price to create a lightly higher low on 1H I will likely be waiting for next week but if price does something similar to what I've projejected I...

BetterBusinessBully Updated 

Self Journal: Price is sitting at EMA above 61.8 at the bottom of a bullish channel. Price is likely gapping up and then going down V and W at that low I would like to see the second part of the W (V) go a little lower than the Friday close prior to taking any longs. Once the market opens I will see which prices need to be broken in order for me to...

BetterBusinessBully Updated 

Self journaling: Monday 22, 2024 the lower low (LL) was created after the ATH (all time high) every since this has been a key level, when below it price is pushed down to about 2280s-2290s levels and when above it price rallies but has been forming a lot of accumulation/consolidation (highlighted in a yellow rectangle) April 19th, 2024 same scenario Friday...

BetterBusinessBully Updated 

Below I will post another possibility because outlook is mostly bullish for the foreseeable future in the next couple of weeks however anything can happen and need to adapt to markets. We had week retail sales, lower permits than forecasted, higher unemployment many indications of a weaker dollar coming. I only want to trade the now so if/then DXY breaks below...

BetterBusinessBully

Self journaling: Price is diverging on 1H bar close below 2357.95 (bearish engulf) I could see price push down ot 38.2, 50% or 61.8% for a formation of a Higher Low Ideal situation is to TP at 38.2 because the trend broke out but its at a top of channel so touching the bottom is possible as well. The best trade in these situations is waiting for price to come...

BetterBusinessBully Updated 

I am looking at two levels: I set an alert at 2311.97 cross up bar close I set another alert at 2293.80 cross down bar close I will be looking at PA around these levels for bullish or bearish sentiment. Using my 3 step rule sheet I will see which qualifies for trade. for now just observe and chart.

BetterBusinessBully Updated 

78.6 Confluence after price broke out of a bullish trend/channel and now has created a second top that is at the 61.8 of the last creating a bearish channel. Break and bar close below 105.488 has high probability to push down

BetterBusinessBully

Price has been in a bearish trend since April 2024 and had a correction (bullish ) for the last 10 days. Latest daily candle closed as a doji below 61.8. coud also be the top of a channel based on the confluence of the last 3 tops that seem to form a trendline/resistance I am setting allert for 80.891 bar close below as my confirmation for a short at the...

BetterBusinessBully Updated 

I don't think I will go into a lengthy explanation as to whats going on here. Check the chart and see price beautifully setting up for what looks like is a bullish run unless this low is broken.

BetterBusinessBully Updated 

4 or 5 time price failed to break above 78.6% retracement of the most recent bearish impulse move. Price has created LL but same highs inside of a bearish channel this being the top bearish candle patterns at this top on multiple high time frames i.e. - hanging man and inverted hammer Target 1 is 61.8 of the bullish move target 2 would be the bottom of the...

BetterBusinessBully

Similar situation as XAUUSD/Gold however the payout is greater bottom of a bearish channel however the macro trend is bullish, great opportunity since it retraced 100% based on my rules it has 70% win probability we have target 1 and target 2

BetterBusinessBully

Internal journal entry I am sharing with you all (Transparency) Based on my rules this is a counter-trend trade however we are at the bottom of a channel at a key level and failed to break the low. Instead price created a higher lower, which is a change of character A break and close above 2312 means I will target 2332

BetterBusinessBully Updated 

For the purpose of this analysis I am neutral however price did break-out of a bearish channel which was more like a range that when side-ways in a downward angle in terms of the LH but same lows for 9 days. Chart shows what I would like to see and obviously I would take long contracts as the corrective waves provided all parameters are met.

BetterBusinessBully

Remaining neutral until a bottom is established. If price action favors staying above 2285.21 there is a possibility for a correction I will not make too many assumptions about what happens next until after the first 8 hours of market open.