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1 239
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1 239
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1 239
Market Analysis PT2/2 (29th May 2024)
EURUSD Analysis
On the 4 hour timeframe, price has created a Bullish Impulse leg. Currently price has retesting the 0.5 -0.618 golden Fibonacci level.
There are 2 key scenarios i am looking at.
1) Price completely breaks past the 15 minute Bullish OB. and closes below with a body.
2) Price respects the bullish OB and creates a 5/15 minute CHOCH to the
1 239
Market Analysis PT1/2 (29th May 2024)
XAUUSD Analysis
On the 30 minute timeframe, price has created a support and resistance level.
Within this consolidation, there are 2 scenarios i am personally.
1) price breaks above the resistance with a body candle close. This will be perfect for break and retest continuation towards the upside, potentially targeting the 2407.
2) price respects the resistance and starts to form 15min/1 hour CHOCH to the downside. If this happens, a break and retest would make sense to look for shorts.
1 239
Repost from N/a
+1
TP1//30pips✅
Let’s CLOSE our profit now and set breakeven if you wish to hold now‼️
Nonstop smashing TP 🫡
1 239
What a crazy day 😏 proper risk management comes out on top.
A low lot 60 pip loss on gold, is mitigated with a full TP on GU and GJ for a sprinkle of profits.
Not everyday is so clean cut. But that’s where the winners are born baby 👶
1 239
GBPJPY Trade Breakdown
On the 15 minute timeframe, price created a BOS at the 200.427 level with a body candle close. Once price retested the 15 minute Bullish OB, i dropped down to the 5 minute timeframe.
Price created an internal 5 minute CHOCH to the upside at the 200.460 level with a body candle close. That was when i entered a buy.
Layers of defence:
1) 5 minute OB X2
2) 15 minute OB
3) 4 hour Swing low
Trade ran 13 Pips during NY, Partials taken, SL TO BE'ed if you wish. Solid Recovery trade which took abit of volume to playout.
1 239
GBPUSD Trade Breakdown
On the 4 hour timeframe, price tested the 4 hour FVG at the 1.27677 level and rejected off it.
On the 5 minute timeframe, Price created a Bullish FVG and respected it before creating another Bullish FVG at the 1.27673-1.27689 creating a Breakaway Gap. This was when Thomas entered a BUY with SL below the 5 minute low and targeted a 1:2 Risk to reward ratio which coincidentally just above the Asian High where buyside liquidity hasnt been swept.
Of course, We SMASHED FULL TP. Easy.
1 239
GBPJPY Analysis
oN THE 15 Minute timeframe, price created a bullish retest of the 15 minute FVG at the level of the 200.099 - 200.166 level. This resulted in a Bullish CHOCH with a body candle close.
There are 2 scenarios i see playing out.
1) Price breaks past the 200.427 level with a body candle close. (ideally above the 200.459 level as well). If this happens, we have a strong BOS that tells us is still looking pretty bullish as well. A retest of the BOS Level will allow for us to look for longs.
2) On the flip side, If price failed to push higher and breaks past the 200.150 level with a body candle close below, i will be looking for a break and retest to continue selling.
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In about 20 minutes we're sending a Gold signal in the PREMIUM. If you want to receive it .
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1 239
GBPJPY Analysis
Price has finally pushed into the 4 hour FVG created at the 199.670 level and rejected it, creating a 15 minute CHOCH to the upside, with a body candle close.
There are 2 key scenarios i am personally looking for.
1) Price comes into the 199.853 level to retest before looking for potential upside. if it does, i will be looking for a 5 minute Bullish CHOCH to enter BUYS.
2) Price breaks past the 199.608 level with a body candle close. If this happens, I am looking for a break and retest to the downside.
1 239
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