DCHESSKING(THE MONEY GENIUS)

♟️Pending order for XAUUSD- SELL STOP 1975(BREACH OF A BUY POWER CANDLE) SL 1982 TP 1960

After breach of the power candle, we see a tank!! For gold!! Falll!!!!!

Pending order for XAUUSD- SELL STOP 1975(BREACH OF A BUY POWER CANDLE) SL 1982 TP 1960

Selling not valid yet… the pin bar is directly opposite to the possible base zone.

In a few hours, the CPI data will be released, I only go in 1 hour after market reaction…and from the 15mins intraday chart, we notice the price approaching a major supply zone. Our strategy relies on understanding the current market movement and identifying possible base zone in relation to specific targeted zones….This approach helps confirm the validity of buying or selling opportunities.

Still stands!!!!!!

Bearish projection remains, except 1.0849 is brokeN.

STILL REMAINS A TANK!!!

Good morning!!

The EURUSD outlook for this week remains bearish until breaching 1.0849. You can see how the price broke below the 1.0804 buy power candle, it furthers solidifies the bearish trend. Buying at the current price lacks validation unless we see a breakthrough above 1.0849. Applying the possible base concept, the current supply zone(yellow indicated) serves as a possible base to the pin bar, leading many traders to anticipate a buy, which is a strategic mistake. It shows a 1:1, which is potential correction, not a reversal confirmation… Remember, without a price going above 1.0849, there's no validity in buying. Expect price reactions within the supply zone of 1.0798 (proximal) to 1.0839 (distal), and brace for a significant decline if the price drops below 1.0723. Remember that buying remains valid only above 1.0849 at the current price level. #retaildismissed https://www.tradingview.com/x/FRQInkzi/

Where’s EURUSD headed to?

Playing around EURUSD this week! Compliment of the season As a gift to everyone!!

Welcome, take a sit if you can.

Join the next batch!!!! Registration is on now!!! You can send a DM to me @dchessking1 or to Hamzat Sheriff Zedapex Physical class available in Ikeja, lekki, Abuja, asaba and Porthacourt. Cost- 200,000NGN online class is available as well. You can book a slot to secure your seat for 50,000NGN Account Number: 1025556651 Bank: UBA Account Name: ZEDAPEX LIMITED( you can make your payment) Authorized Customer Care Contacts: - Hamzat: +2347038196220 - Amaka: +2349137990338 - Onyi: +2348085217747 - Esther: +2349064352294 - Naomi: +2347063714617 - Praise: +2348105600529 (CALL any to secure your admission into zedapex) Official Number: 01-9125186

Watch how price react….

we need to figure out where the price would an opposing zone… if you look above…after the consolidation broke…a potential demand was created from the broken zone, measure the distance from the rejection candle to the broken zone.. it’s really closeness is less a 1:2.. What does that tell us? It means this level might just be a correction, unless, of course, that opposite zone gets broken. So, selling is not be a valid move unless that possible base is broken. If not, you’ll be trapped by a bullish reaction!!

Let’s break it down with some simple math. ….We’re in a bullish trend, right? Now, look at that clear rejection candle in the price. That rejection candle acts like a potential supply zone. What traders don’t know is that most rejection candles can be false signals .. how? If there’s a possible base too close to it then it’s a trap.. Ask yourself this before taking a trade.. So, if the price bounces off this supply zone, where’s it likely heading and where would it likely be reversed again by the opposing zone or where do we meet a demand? If it’s a below 1:2 then it’s a false signal..

See, many traders fall into traps not because they can’t pick the right direction, but because they enter the market at the wrong time, even if it’s the right direction sooner… don’t let that retracement take you. Do it at the right time..