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
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.
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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EURUSD - Taking 60% of the trade here
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We got a good entry on this so make sure you manage the trade
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!!
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.
Currently running at 30-40pips profit depending on where you entered. We're taking 50% here at 40pips profit. Leaving the stop where it is for now.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Taking another 25% here at 55pips profit. Stop to entry
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.
E.G
100mps = 10pips
200mps = 20pips
And so on.
When we say we've banked at 50 pips thats 500 micropips.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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!!
EURUSD - 1H Update:
This trade hasn't gone to plan so far. We took the exit yesterday with minimal profit.
Its still active but close to the stop.
This trade hasn't gone to plan so far. We took the exit yesterday with minimal profit.
Its still active but close to the stop.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Taking another 10% here. Leaving 15% running with stop to entry