Estimated Entry: $1217-1219 Tp1:$1238-1240 Tp2:$1251-1252 Tp3:$1272-1281 Tp4: to be advised after breaking out $1284 I'm holding trial order from $1217 now. Daily chart: possible have seen reversal. Imo, the previous drop was seasonal retracement, rate hike, French election, etc. all are market noice.
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1221supported in short term, small lot can be effected.
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it finally reached our targeting entry, i added at 1218.5
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so far already 100+pips, suggest to move the sl to the breakeven. 1H chart update: It’s going to test $1232-1233, retrace $1223-1225 go long, tg: $1235-1236, broke $1240, will test $1252 Fundamentals: Be careful that in NY session, will announce CPI in Apr.
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up to 1232, alreay 150pips 4H chart: going to hit channel ceiling confluence fibo tg:1234
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very close to tp1,already180+pips,move sl to 1220,and,holding
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1H chart update: price has broke the channel, heading our tp1:$1238-1240
Nearly 300pips up to now!! support level is $1236, SL move to $1224 and holding. 4H chart update: price has broken 1240 now, moving towards tp2:$ 1252
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Tp2:1252reached. move sl to 1230and holding
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we need some retracement to add more buy:)
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1H chart update: UJ bounce now, and gold in wave 4 retracement now, possible target:$1250, can add longs to next tg:$1270, $1283.
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retracement done at my targeting price $1254 as pic on upstair
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update 1h chart for gold: retrace $1251-1247 add long
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added@ 1252
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silver didn't make new low,that's bull signal.so i added long at 1247 again
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1H chart update: still holding longs, silver gave me the confidence to hold on. now 1247 still holds well.
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weekly chart:It's on wave 3 or wave c,heading tg:$1315-1317,if it is impulse wave, tg will be $1500-1600 Fundamentals: Focus on JP will end 20yrs'QE, or, at least end 2yrs'negative rate. Daily chart update:Still fighting on the border edge,need to break out $1264,then go north
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added$1260
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4H chart update: It's possible in wave2 retracement,now consol in rang $1245-1263.Meantime,also watch $1239-40support.
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Gold retracement also done at my targeting level:)
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Daily chart update: A comparision between a top and a flag
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1H chart update:It could be a bull flag, flag target:$1289
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1H chart update: AB=CD pattern, D target:$1266
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4H chart update: The closing price already broke the previous high $1265, and hit AB=CD target:$1266 perfectly. i took some profits already, for those positions cost above $1250. Now still holding the positions cost under $1250, wait for bull flag tg:$1289
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move sl to $1250 for the rest possitions
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profit taken at 1267, for positions cost above $1240
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still holding longs from $1217&1218 with sl moved to $1240
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1H chart update: see bearish butterfly, likely retrace $1258-1256
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1H chart update: $1259 holds in short term, added from $1262 just now, for tg:$1270, $1275-77
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1H chart update: still holding longs. short term tg:$1270, $1275-77.
Trade closed: target reached
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Tp3 reached! profit taken. and wait for NFP. ttly 550pips, not including the scalping longs, we held it till the end.
Top-notch trade setup. I have to confess that charting is a skill. Hope things transpire well. Continue your good work and thanks for sharing it.
jimmycdn
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Hi, Outstanding analysis. on H4 chart you can see positive divergence price/RSI, and RSI rising from 20 levels - this is to confirm your analysis.
cheers,
Jim
faylee
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@jimmycdn, hello, exactly i saw 4H chart MACD bull div. yesterday, so i placed the trial order. Thank you & Cheers!
Salimo1901
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Salute .
popshvt
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no way
salsapete
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Well done faylee..... a really nice continuing analysis :)
AlphaDreams
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Great job again!
newbie_trader
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Which price to enter If i want to enter after NFP & ride the trend?
trung.nguyenduc1708
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Faylee, do you trade fulltime? You are so delicate it