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#XAUUSD_Trading
It's already on its way down towards the target I mentioned earlier today, sharp entries may be made now as it is trading around 4570 at the moment with SL above 4615 with first target around 4500-4490.
Yeah it's fine but sharp entries mean trading prior to confirmation and confirmation means more surety for entries, so understanding of the difference is necessary.
I, being more optimistic, make such sharp entries but patience is most important, confirmation will allow for more entries, anyhow it's going right as per my expectations.
It's already on its way down towards the target I mentioned earlier today, sharp entries may be made now as it is trading around 4570 at the moment with SL above 4615 with first target around 4500-4490.
Yeah it's fine but sharp entries mean trading prior to confirmation and confirmation means more surety for entries, so understanding of the difference is necessary.
I, being more optimistic, make such sharp entries but patience is most important, confirmation will allow for more entries, anyhow it's going right as per my expectations.
#BTCUSDT
Trading now at 77100 range, The pair is most probably heading towards 80500. If you are trading Long already, better hold and if one wants to make entries then 76600 or below would be good areas for the purpose. SL at 75600 may work but better if it would be below 74800.
Note:
Trading crypto involves risk of losing assets, so trade at your own risk.
Trading now at 77100 range, The pair is most probably heading towards 80500. If you are trading Long already, better hold and if one wants to make entries then 76600 or below would be good areas for the purpose. SL at 75600 may work but better if it would be below 74800.
Note:
Trading crypto involves risk of losing assets, so trade at your own risk.
#XAUUSD
Xauusd is expected to continue its bearish move during upcoming days, Resistance Levels at 4730-45, 4837 and 4893 giving confidence for Short trades with aim to book profits at 4490, 4430-20, 4360-40, 4295-75, 4170-4100, 4040-4000 and 3950-3900.
Market now trading around $4600 and making some retracement, so making entries at or above 4650 with SL at 4745 and TP at 4500-4490 will be a good choice, in adverse scenario if markets breaks out the resistance level at 4730-45, we can wait to make entries around or above 4790 with SL at 4840 targeting the areas of profits below 4500 to 4200 as per levels mentioned above.
Added Note:
We may have a trade for today with RRR 1/2 or 1/3 and more Risk Reward Ratio today, so stay tuned as I'm keenly looking for the confirmed set up.
Note:
This analysis is only for educational and informative purposes and is not a financial advice, so trade on your own responsiblity as trading involves risk of financial losses.
Xauusd is expected to continue its bearish move during upcoming days, Resistance Levels at 4730-45, 4837 and 4893 giving confidence for Short trades with aim to book profits at 4490, 4430-20, 4360-40, 4295-75, 4170-4100, 4040-4000 and 3950-3900.
Market now trading around $4600 and making some retracement, so making entries at or above 4650 with SL at 4745 and TP at 4500-4490 will be a good choice, in adverse scenario if markets breaks out the resistance level at 4730-45, we can wait to make entries around or above 4790 with SL at 4840 targeting the areas of profits below 4500 to 4200 as per levels mentioned above.
Added Note:
We may have a trade for today with RRR 1/2 or 1/3 and more Risk Reward Ratio today, so stay tuned as I'm keenly looking for the confirmed set up.
Note:
This analysis is only for educational and informative purposes and is not a financial advice, so trade on your own responsiblity as trading involves risk of financial losses.
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