Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Looks good to go up. Ideal entry would be below for this, any pullback and we'll get in for a long to the target level.
The trade is complete as the target area identified by Excalibur has been reached. The ideal entry for this trade was on a pullback to support which didn't happen. Entering the trade without a pullback would have been risky.
We want you to trade safely and limit your drawdown. This is why we always give an area where we are waiting for to get into the trade. You should always try to trade with a good risk/reward ratio. Entering trades high/low or close to targets reduces your RR and the trade becomes risky.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We’re expecting two scenarios here both having the same result. We’re looking for open to ideally pullback towards the 1760-55 levels and then continue its journey up towards 1785-95 or, we’re to open up, hit the 1785-95 levels, flush out any late Friday…
Seems to be doing what we expected, however, we can see this going a bit lower. Excalibur has given us a target above, we want to line up a good entry for a long. Next support 1766, below that 1758 and to really stretch the late buyers 1750
EURUSD 1H -

Looking to take this long again towards the 1.2100 level. Once we establish a support level we'll test the entry. Breaking 1.20018 and the trade will be invalid.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://uk.tradingview.com/chart/XAUUSD/5f4lcs9x-XAUUSD-1H-levels/
Yesterdays Gold 1H chart.

Approaching significant levels, we're looking for this to come lower. Anywhere between 1755-50. It needs to support there.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Members, we're going to exit this trade as we're not around for the rest of the day. Its still in profit and we've already taken 60%
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Thats where it is at the moment. If it hangs around tomorrow we'll look to get back in. If you want to hold it make sure you manage the trade, stick to the stop loss!!
Looking to test the long around this region. Expecting this to potentially go down a little further so need to take a bit of caution. We're hoping we get our target that was published a couple of days ago.

Small lot, stop loss in place.
We're looking for lower levels on this one . Any retracement upwards that shows resistance and we'll test the short with a small lot and strict SL.

As always, trade safe.
So we only have 25% of the trade running for the target, 75% profits banked and the stop has been moved to entry. Trade protected
Just for clarification and for those new to trading. We don't use Micropips in case anyone is wandering.

E.G
100mps = 10pips
200mps = 20pips
And so on.

When we say we've banked at 50 pips thats 500 micropips.