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Overall trend bias bearish with continuation pattern formed this should head down today. Good luck and happy trading
Gap Closing for Long Range Aussie GOLD on H4
GAP WATCH FOR XAUAUD LONG H4 E,2720 SL,2680 TP1,2780 TP2,2930 Aussie Gold in an Upward Trend. Looking for a close of gap testing the lower trend line of the range under the 200 EMA on the H4 Chart of around 2665 and confimation of continuation with BCR above 2720 ot enter for a target TP1 of 2780 (about 6000 pips) After TP1 Bring stops to brake even then to TP1 after continuation above the center of trend range line to target TP2 at 2875 or open to 2930 as at the higher of the trend range. With SL at around 2720 or under lower retest of the 2720 range line ---Plan B--- Possible Short:- IF BCR under the trend line and 50 EMA on the daily chart expect a short continuation to the 2539-2600 range. TP1 target of 2610 (about 4900 pips) again bringing stops to levels along the way. and TP2 at 2540 or a possible BCR of the 200 EMA on the daily to target 2390. with stops behind the lower trend highs. This is a Market Analysis for observation ONLY any trades entered are done at Your own risk. Know what your risks are before entering ANY TRADE.
Long setup on XAUUSD using 4H as entry and D1 as anchor chart
Overall trend for D TF is uptrend as confirmed by the 4 EMA. Starts are aligned. On a DTF perspective the 2 consecutive red candles can be consider as a pullback hitting the 50% fib retracement. Entry 1807.88 S/L is placed at the 50% retracement / low of the previous candle T/P is placed at the previous higher high in this case, 1828.27 which yields 1:1.5 RtR
Breakout setup to the upside
Looking at the H4 TF, we can see that 8>21>50>200 EMA, this means that the stars are aligning and the underlying has strong uptrend indication. Timing is just right because we have a momentary pause on prices (pullback) which we can enter. Remember, we do not want to chase any trades, we always want to buy at the lowest point possible and sell at the highest level. We find an entry point on the 30M TF. As we can see, prices tend to bounce off of the 200EMA. This can be a good indicator that 200EMA acts as a strong support level. This is important for us because this is where we will place our stop loss which is also respecting market structure level. We can enter once the prices break 1799.198 mark, which serves as another market level structure. Just to be on the safe side, we can post a 1:1 RtR and set our initial T/P at 1802.00 level. You can do 2 things, either you move your S/L to this level and ride the trend or you can just exit this trade with a W. As for me, I am a "risk first, reward later" kind of trader therefore I will just move my S/L to BE and ride the trend, letting the market dictate its course. Again, trade cautiously, use good money management technique and always remember, managing your risk first will keep you longer in this game. Trade safe and trade happy!
daily gap lose idea. price has bcr of 15m newly formed death cross and has made 4 candles successfully making lower lows, sniper system is onside. if not already in the trade look for price to come back up and test the s and d zone for a continuation back down and enter after 3 candles successful making lower lows rrr 1.42-1 0.45 % of acc at risk. note - this is my first time trading gold. still ;earning. and always do your own analysis. any feedback more then appreciated!
The main reason I have made this trade is because of the DAILY LOW of 1261.00 I have 4 x short here at 2161.74 4 x SL at 2169.64...2170.40...2172.14...2174.64... 2 x TP at 2142.50...2140.44...2135.00...2130.00... It's pretty simple. It will take me out on a re bounce or see the massive short following.
Fibonacci forming , Fits High Probability criteria as per Andrew in training academy. Formed Above 10, 20, 40, SMA .SMA well fanned out on higher time. frame. Support and resistance found, a long way back. Pull back, Entry, can be at 50%,or at resistance slightly above. As I have suggested. Still good profit ratio.
786 retracement with perfectly completed ABCD suggest the top for a while and could fall even below than the suggested TP of mine. ..................................................................................................................................................................................................................................................................HPTS is an abbreviation of High probability trading system.It is simple but highly affective works very profitable in higher time frames namely 4 hour and up. Important components of this system are 8 sma typical(HLC/3),Moving average oscillator and Bill Williams fractals. Horizontal s/r are the established fractal levels and trend lines are drawn from fractal points instead. Long entries are executed when the price is above(after close of the candle) the mentioned components with moving average oscillator above zero line and short entries vice versa. HPTS also contains couple of proprietary momentum indicators extremely efficient helping identifying the true direction of the entries. For profit targets I use past fractal support and resistance levels together with FIB extensions. Experience tells 161.8 extension is highly probable if the retracement is strictly not deeper than 61.8 and likewise It is 127.2 if the retracement is not deeper than 78.6 and similarly 112.8 if the retracement is between 78.6 and 100. Money Management...It is higly recommended to determine the lot size based on max.2% of the equity and the number of pips to stop loss.For example if 2% of the equity is USD 200 and the S/L is situated at 100 pips from the entry then lot size will be USD 2 per pip.
Prepared the following for GoldStar Sell limit @ 1350 Sell limit @ 1370 Sell limit @ 1385 Sell limit @ 1400