My trading strategy is based on Direction Confirmation and Trade Set Up. The direction is up, and the trade set up is based on entering the long position as the the PA bottoms out. You could take an earlier long position, however, you should consider the risk to the downside till 2019 and the long target is 2060 for this trade set up.
BTC short selling strategy is to sell the sake break out towards liquidity grab prior to nose dive to $48,000
XAUUSD is moderately Bullish, however, the trade set up is to buy the dips at around 1,996 pull back and the target is 2033
Going long on XAUUSD is the best strategy for Monday and Teusdau, however, taking a long from the Dip, or managing the downside risk upto 2024 while taking the long position. Place your long position in the direction of the arrow, and the stop loss to be maintained at the bottom or the arrow.
EURUSD is currently at the end of the Bullish Flag, a pull back towards 1.0695 would be ideal to buy as the entry point it is preparing for a Break Out.
The trade set up is for 22/02/2024 .. The entry for buy and sells are identified, and manage your entry according to your risk reward ratio accordingly
XAUUSD Trade Set Up is positioned as a strong bearish continuation due to declining volume and bearish momentum across major Oscillators. It has broken the daily major support level at 2000 and poised for the next support level at 1,963 then potentially to 1,925. A breach of 1,990 next support is 1,962 The market dynamics supports the bearish momentum of gold...
The following Fib Chart posts the main mean reversion support line based on 61% retracement from the high.
XAUUSD- completed Bullish Bat Cypher pattern on Harmonics, I have placed Fib retracement levels for taking profit level.
EURUSD has completed, Bat Harmonic, target is 1.1044
XAUUSD- is carrying a Cup and Handle Pattern, which is a very Bullish Signal . Currently gold is in a consolidation zone between 1900-2000 which is expected to break outward soon. Upper limit target for Gold might exceed 2,100 in the next bull run.
BTCUSD have made double tops and rejected the resistance to break upward, no expecting it to make downward move before coming back up again if the support level is rejected.
XAUUSD after reaching the peak, briefly manipulated over night it crashed to $1,9999, breaching the Mean Reversion Channel briefly. A breach of mean reversion channel is a confirmation of reversal sign. The price went under retracement back into the migration channel and found a resistance within the migration channel. I dont foresee XAUUSD going back into trend...
After retracement its expected to fall to 1,960 area next week
XAUUSD has made Bearish Engulfing, and its marked down . For the rest of the month, expecting it to make downward moves ..