Happy Sunday to all traders! 🤍
It was a week full of ups and downs, but the good news is that we succeeded.
Let’s spend some time on backtesting and analysis to prepare for the week ahead. ✅
Today, we will conduct a weekly analysis using daily and hourly timeframes to understand the market direction for the coming week, and we will trade based on setups that offer strong confirmation.
It was a week full of ups and downs, but the good news is that we succeeded.
Let’s spend some time on backtesting and analysis to prepare for the week ahead. ✅
Today, we will conduct a weekly analysis using daily and hourly timeframes to understand the market direction for the coming week, and we will trade based on setups that offer strong confirmation.
#AUDCAD SELL SETUP 📉
The trendline has been broken; SELL down to 0.9760 upon a retest of 0.9870.
Confirmation: Enter the trade if a 4H bearish engulfing candle forms at the retest zone.
The trendline has been broken; SELL down to 0.9760 upon a retest of 0.9870.
Confirmation: Enter the trade if a 4H bearish engulfing candle forms at the retest zone.
#GBPJPY BUY SETUP 📈
Bounce from key support (212.00); look for a buy target at 219.00.
Confirmation: Look for a strong bullish wick or rejection candle at the support zone.
Bounce from key support (212.00); look for a buy target at 219.00.
Confirmation: Look for a strong bullish wick or rejection candle at the support zone.
#GBPCAD SELL SETUP 📉
Sell setup targeting 1.8730 upon a retest of the broken support (1.8850).
Confirmation: Enter upon seeing a 4H bearish rejection candle in the 1.8850 zone.
Sell setup targeting 1.8730 upon a retest of the broken support (1.8850).
Confirmation: Enter upon seeing a 4H bearish rejection candle in the 1.8850 zone.
#XAUUSD 📉📈
Setup: Buy on trendline breakout up to 4,800; then sell down to 3,950 upon rejection at 4,340.
Confirmation: Wait for a clear daily candle close outside the trendline.
Setup: Buy on trendline breakout up to 4,800; then sell down to 3,950 upon rejection at 4,340.
Confirmation: Wait for a clear daily candle close outside the trendline.
🟡 XAUUSD (GOLD): What looks like the next move? 📊
Anonymous Poll
0%
🚀 Bullish breakout (Buy)
50%
📉 Bearish rejection (Sell)
50%
⏳ Wait and watch
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🟡 #XAUUSD Setup
Trade: BUY upon the breakout of the trendline and resistance (4,420); SELL down to 4,260 in the event of a breakdown 📉🚀
Confirmation: Enter once a 1H candle closes outside the trendline 🛡️⚡
Trade: BUY upon the breakout of the trendline and resistance (4,420); SELL down to 4,260 in the event of a breakdown 📉🚀
Confirmation: Enter once a 1H candle closes outside the trendline 🛡️⚡