Forwarded from DovyFX | PREMIUM
EUR/GBP
Also rejecting resistance on daily + daily candle with no wick at the bottom.
On 2 hour price is potentially forming a head and shoulders right at the resistance and showing weakness.
Break of market structure lower would trigger my entry.
Also rejecting resistance on daily + daily candle with no wick at the bottom.
On 2 hour price is potentially forming a head and shoulders right at the resistance and showing weakness.
Break of market structure lower would trigger my entry.
Forwarded from DovyFX | PREMIUM
XAU/USD (gold)
Gold is bullish technically and fundamentally.
Currently it is sitting at support and daily candle with no wick at the top.
Break above supply on 30Min will be a great confirmation for entry to go long as we still have some room to go before we touch the next big resistance.
Gold is bullish technically and fundamentally.
Currently it is sitting at support and daily candle with no wick at the top.
Break above supply on 30Min will be a great confirmation for entry to go long as we still have some room to go before we touch the next big resistance.
US100
This chart clearly visualizes why we had so many breakeven trades and 2 trades hitting TP2 and the reversing back to breakeven.
You might as why I was looking for short positions yesterday even though there were negative news that came out for the dollar.
It is because hedge funds have largest short positions since 2011 and it is rare that it will not have any reaction to the markets.
We might see a lot of manipulation to the upside, to get as many retail traders to enter longs, before eventual big drop.
Currently price is at the top of consolidation and when that is the case, we have a very simple task - sell high/buy low.
This chart clearly visualizes why we had so many breakeven trades and 2 trades hitting TP2 and the reversing back to breakeven.
You might as why I was looking for short positions yesterday even though there were negative news that came out for the dollar.
It is because hedge funds have largest short positions since 2011 and it is rare that it will not have any reaction to the markets.
We might see a lot of manipulation to the upside, to get as many retail traders to enter longs, before eventual big drop.
Currently price is at the top of consolidation and when that is the case, we have a very simple task - sell high/buy low.
Good morning and happy Friday!
Took this week off from trading and I can say it was the best time to do it, just from looking at the charts.
3 things:
1. Sunday market prep call will be free to everyone. (Link will be shared in this group)
2. During the call 3 winners for giveaway will be selected, so make sure to enter! (Post is on my instagram)
3. Premium group will be open for new members next week on Sunday
Took this week off from trading and I can say it was the best time to do it, just from looking at the charts.
3 things:
1. Sunday market prep call will be free to everyone. (Link will be shared in this group)
2. During the call 3 winners for giveaway will be selected, so make sure to enter! (Post is on my instagram)
3. Premium group will be open for new members next week on Sunday
Market-prep call was done ✅
It was informative and fun!!
Giveaway winners were announced
Ready for new week 📈
It was informative and fun!!
Giveaway winners were announced
Ready for new week 📈
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Accepting new members on May 1st (for 48 hours)
All info, pricing and how to join will be posted here.
To get notified join 👇
@dovyfx_live_bot