Remember the setup on XAUUSD pending setup.... After following it consistently. This is the outcome. What say you...?
Peeling my eyes over this 'W formation' on Gold. Will this be a sweet long on Gold.....what say you?
If you were to point out points of convergence/intersects in this chart, you would easily see the entry and exit points. This means you can spot profitable trades in every week, which turns into months, year(s). Then this tuns to be your lifestyle.
Couldn't place this position!!! Am so pissed! USDZAR sold, GBPUSD bought and the rest is history.
Today was sad for me because I didn't take positions. In all the pairs that I analysed before I left in the morning are in profits, Look at US30 and I didn't set any pending orders. Missed Position!!!! Monday GBPUSD, XAUUSD, NAS100, GER30, US30 we aim for massive buys.
Going to Thursday and Friday USDCHF is giving a long trend. How do you trade Double Bottom? The last leg will give massive profits, are you riding....?
Sold USDZAR first position of the week, I am holding with a proper risk management.
I am planning to hold USDZAR on a short, Gold on a long and I am out on my GU long.
Check the linked pair (GU), my last week orders on GU closed by reaching the TP's. If you rode it with me....big ups to you.
GBPUSD added to the watchlist, my second position is in profit. I went long on it at 13:00hrs SAST.
Yesterday we saw a huge market manipulation in terms of trends breaking out. Look at USDZAR, XAUUSD, EURJPY, USDCHF and Indices all the trends were broken either buy one long candle or two even three when you look at bigger time frames 4H and 1D. This is what I see, what do you see? Monday analysis on XAUUSD & USDZAR were bagged before the breakouts.
Now if you've seen Swiss Franc last week. USDZAR is susceptible to follow suit. Look at the inverted H&S converging with the rising wedge. I went in short Thursday before my Gold position, I took a small profit on USDZAR and closed it. This is what I see on this currency pair, what do you see? This one is seen better on the 4H time frame. I wanted to show the...
This is what I see in this metal pair, what do you see? I took a position on Friday based on my analysis on a 4H time frame. Zooming in 1H there's wedge, the same wedge formed also on 4H. Following the dip of XAUUSD in the last months, this is what's up. A new week awaits.
Gold has been shorting for over four weeks now on bigger time frames. But on 1H and 4H its been behaving inconsistently. The purge is on...leading to Friday's NFP or even before that. They buy here will be massive and the sell on USDZAR as well.
Haven't been posting but this is what the new Technical analysis has been doing. GER30, US3O and Nas100.
Haven't been posting but this is what the new Technical analysis has been doing. GER30, US3O and Nas100.
NFP reaction on all the pairs by 14:30 all the pairs were in profit. US, NAS100, GER30, USDJPY, USDCHF and Gold. USDCHF was long anticipated after a number of confluences were sported, the sell off was a nice wave ride.