We should see sells beginning from today. If sells do commence it means that this month will be a major turning point and will finish the second last wave of sells to 3140. It all depends on how the daily candle ends. Let’s see. #xauusd
Sells are very heavy this month as I anticipated. It filled the gap and retraced and came back down twice. Shows great resistance. 2PM 4HR candle (UK time) is the most crucial of the day. The candle is now ending in heavy red, below the lows of the last 2 4hr candles. Great drops should begin now. If the daily candle ends lower than last Fridays low, we shall see last months lows be taken out this week! #xauusd
My strategy:
I only trade XAUUSD. I do long term analysis on DXY and XAGUSD for investment purposes. Over the past three years I’ve learnt the patterns gold moves in. Traditional forex consolidation patterns. It does it on daily up to yearly. I use mainly patterns to identify the bias on 4HR, Daily, Weekly etc. I then wait for reversals in which I use as an opportunity for entry during sell season. Here I start to look for resting liquidity and wick structure (long top wick meaning likely sells etc). I then apply my break of structure analysis to find an entry. I will be linking the youtube video I learnt the break of structure entry strategy. My RR is quite high. Usually 1:5 minimum. Each trade being around 1000 pips minimum when swing trading (per wave). This usually takes about 6 weeks for each wave to end. Pretty much trading between lower lows/higher highs. As for buy season, I only use basic break of structure for 4hr trades. Gold also has time patterns. For example during buy season you there is a structure. On a buy month, first week sells, next two weeks buy every Tuesday-mid Friday. Last week reverses, creating top wick. Here’s the link for the break of structure strategy. https://t.co/CpNwzWJxIM
@Mr_Bobbyfx1 Bobby Brown turns to be a scammer, he lost over 1.5k in one go, yet he still says “Sir deposit again” He is NOT A BOBBY BROWN, he is using a fake name. ZERO RISK MANAGEMENT
@Mr_Bobbyfx1 Bobby Brown turns to be a scammer, he lost over 1.5k in one go, yet he still says “Sir deposit again” He is NOT A BOBBY BROWN, he is using a fake name. ZERO RISK MANAGEMENT