Ronald Ray Posted February 14, 2023 Share Posted February 14, 2023 If price impulses down, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. If there's any ambiguity then I will not place a trade on this pair. Link to comment Share on other sites More sharing options...
Ronald Ray Posted February 15, 2023 Author Share Posted February 15, 2023 After the second top at 0.7150 at the beginning of the month, AudUsd dropped hard area and reached 0.6850 in just 3 days. A recovery followed, but we can see that this rise lacks impulse, is corrective in nature, and is, in fact, a flag pattern . Rallies above 0.7 are also clearly sold so, I expect a new leg down from AudUsd . The target for this drop is the 0.67 zone and this bearish scenario is negated by clear buying power above 0.7 Link to comment Share on other sites More sharing options...
Ronald Ray Posted February 15, 2023 Author Share Posted February 15, 2023 Looking at the H4 chart, my overall bias for AUDUSD is slightly bearish as there is a key resistance level , Looking for a sell entry at 0.69969 where below the overlap resistance and 23.6% Fibonacci retracement . We are looking to take a profit at 0.68592, which is the recent swing low, Stop loss will be placed at 0.71414, where the recent swing high is. Link to comment Share on other sites More sharing options...
Ronald Ray Posted February 16, 2023 Author Share Posted February 16, 2023 Hello,Traders! Anyone with more than Two brain cells can see A clear H&S pattern on The pair so we are bearish Biased mid-term, but The neckline and strong So before we see a breakout We can expect a local rebound So you can buy now, but I will be waiting for the Breakout to short later Buy! Link to comment Share on other sites More sharing options...
Ronald Ray Posted February 17, 2023 Author Share Posted February 17, 2023 AUDUSD recently made a false break by printing pinbars . The price is likely to test the resistance zone since the price broke and closed below the ascending channel . The market is consolidating on the 4H timeframe following a sell off. We expect a bearish move. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support! Link to comment Share on other sites More sharing options...
Ronald Ray Posted February 19, 2023 Author Share Posted February 19, 2023 HELLO TRADERS It seems like on a weekly timeframe this pair reached a resistance or supply zone (LOWER HIGH) and to back this up with top down analysis on a daily timeframe , the market formed a head and shoulders chart pattern which is a reversal chart pattern. Moving on to the 4 Hour timeframe the market broke the neckline, probably confirming the new direction of the market. Before any sell orders the market has to go through a correction phase to release buyers that are still in the market. On the 1 Hour timeframe, traders should be vigilant for reversal candlestick pattern, chart pattern or Fibonacci retracement for entries...... Link to comment Share on other sites More sharing options...
Ronald Ray Posted February 20, 2023 Author Share Posted February 20, 2023 Aussie may be fruitful to sellers in the next couple of weeks pouring out a healthy opportunity to expect over 200 pips, here are the technical aspects you should consider: 1- Head and shoulders reversal pattern spotted, marking the start of the downtrend 2- Daily lower trendline has been breached and broken low (another reason to expect a downtrend) 3- Head and shoulders structural neckline broken and retested The white and green horizontal lines mark the secondary and primary structural targets! Best of luck and happy trading folks 🙂 Link to comment Share on other sites More sharing options...
Ronald Ray Posted February 26, 2023 Author Share Posted February 26, 2023 After breaking the support trend line, AUDUSD is currently in need of a minor correction. The current price action suggests that a pullback and retest of the trend line is likely to occur. If the price is rejected at this key zone, I will wait for a bearish engulfing candle before considering a sell position, particularly if it breaks the support zone marked in yellow. However, if the price continues to rally up, my bearish bias will be invalidated. It's important to monitor the market closely and be prepared to adjust your trading strategy accordingly. What are your thoughts on this? Feel free to share your comments below. Link to comment Share on other sites More sharing options...
Ronald Ray Posted March 5, 2023 Author Share Posted March 5, 2023 The market fell from resistance, it failed to update its highs. The market is ranging. It has broken through support levels and it pulled back after bearish movement. Price has bearish momentum and it might continue falling. I expect a move down from the resistance zone because the market trend is bearish . My target is 0.66510 support level . Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻 Link to comment Share on other sites More sharing options...
Ronald Ray Posted March 24, 2023 Author Share Posted March 24, 2023 (edited) According to the confirmation that will take place, this trade suggestion for the GBPUSD Day Trade Trade is to Buy in the Order Block Area TF5M Near Sell Side Liquidity (SSLQ) of the Asian session with a range of 1.22674 to 1.22614. -This exchange is for news on Event UK Retail Sales. -Risk Reward 1:3 https://topgoldforum.com/uploads/monthly_2023_03/RonaldRay.thumb.png.7505b33e5e55a4367fbd32e3a1302d4f.png Edited March 24, 2023 by Ronald Ray Link to comment Share on other sites More sharing options...
Ronald Ray Posted April 20, 2023 Author Share Posted April 20, 2023 AUDUSD recently made a double top at the resistance level. The price broke and closed below the ascending channel. The market is consolidating on the 4H timeframe, and price likely will retest the support by creating AB=CD pattern. We expect a bearish move. Link to comment Share on other sites More sharing options...
Ronald Ray Posted April 26, 2023 Author Share Posted April 26, 2023 https://topgoldforum.com/uploads/monthly_2023_04/image.thumb.png.52e6e649521843f0db92a73abca32669.png AUDUSD has been very volatile lately - to the point where it zigzag by 1000 pips. This time it finally touched 78.6 FIB retracement, a very significant support this past few weeks. 0.660 is historically firm at this level, a major order block support. Expect buyers to come at this price range. TAYOR 0.66 safeguard capital, always. Link to comment Share on other sites More sharing options...
Ronald Ray Posted April 28, 2023 Author Share Posted April 28, 2023 https://topgoldforum.com/uploads/monthly_2023_04/image.thumb.png.7f4f70546bb67a035cc683dae02d79d7.png GBPUSD / 4H Hello traders, welcome back to another market breakdown. GBPUSD has been trading in a consolidation around a Key level. The market now is in 50% chance to break higher or lower. I'll be looking for the short side as it holds low risk and high reward. Trade safely. Link to comment Share on other sites More sharing options...
Ronald Ray Posted May 3, 2023 Author Share Posted May 3, 2023 (edited) 🔸Hello guys, today let's review8hours/candle price chart for BTCUSD. Speculative XABCD setup in progress with entry strategy (reversal) at point D. right now pullback in progress but the pattern is almost complete with point X/A/B/C in place and point D still pending. 🔸Pattern structure is defined by point X at 26825, point A at 30320, point B at 27445, point C at 29565 and finally point D at 25840. 🔸Recommended strategy bulls: the overall outlook is bullish and I recommend to focus on buying low near point D/PRZ after the pullback/correction is over later in May 2023. best reload bulls at point D at or near 25 840 USD. conservative TP bulls is +20% gains, near 31 000 USD. SL 5%. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss. Edited May 3, 2023 by Ronald Ray Link to comment Share on other sites More sharing options...
Ronald Ray Posted May 4, 2023 Author Share Posted May 4, 2023 FOC MEETING Incoming GBP may fly! 1.2440 is the recent pivot low and price shows bullish momentum upside! Market anticipate the FED is going to end the rate hiking in the future, therefore all the major pair will move up Long GBP and aim 1.30! Link to comment Share on other sites More sharing options...
Ronald Ray Posted May 5, 2023 Author Share Posted May 5, 2023 https://topgoldforum.com/uploads/monthly_2023_05/_GBPUSD-Falsebreakofup-trendresistance.thumb.png.2af27bac8636d18ee31bb49c19c3aabb.png GBPUSD is forming a strong uptrend. The news on Wednesday had a positive effect on the currency pair and thus the British pound was able to strengthen. TA on high timeframe: 1) A prolonged uptrend, but not as active. An accumulation is forming, but at the same time the price is at multi-month highs. 2) There is a strong support base of 1.24500 for the price on the high timeframe, if the buyers hold this area, the pound will continue its course. TA on the low timeframe: 1) An upward price channel is forming, the price is essentially squeezed in a range 2) False break of the resistance at 1.25837, which forms a technical pullback. 3) If the price fails to break the resistance on the retest, it will continue its way to the support at 1.24537 Key resistance 1.25840 Key support 1.25500, 1. 24500 Link to comment Share on other sites More sharing options...
Ronald Ray Posted May 8, 2023 Author Share Posted May 8, 2023 https://topgoldforum.com/uploads/monthly_2023_05/GBPUSDshortidea.thumb.png.414752ce7c73e5de419618725cd7120a.png GBPUSD SHORT Opportunity Hello FX traders, here's a chance to Sell the GBPUSD pair. Despite the BIG rise recently, the price behavior showed some weakness since the beginning of this year, as it started to show lower highs and lower lows. What reinforces the expectations of the decline are the fluctuating conditions in the United Kingdom, which will be reflected sooner or later in the pound sterling price against the rest of the currencies. In this analysis, I rely on the trend line drawn above the price, in addition to the price being the May 2022 peak (1.26500). The opportunity will be active when the price hits 1.2650 TP1: 1.2470 TP2: 1.2280 SL: 1.2730 Goodluck. Link to comment Share on other sites More sharing options...
Ronald Ray Posted May 9, 2023 Author Share Posted May 9, 2023 https://topgoldforum.com/uploads/monthly_2023_05/GBPUSDUpdateUpholdingUptrendAmidstPotentialRiskAversion.thumb.png.708b8233b0dcaf2e3ac85954b48a8348.png ↪️GBPUSD is trading in uptrend, the pair stays in the upper half of its ascending regression channel coming from early March. GBPUSD should find it difficult to preserve its bullish momentum in case there is risk aversion. If the price falls below 1.2625 (mid-point of the ascending channel) and starts using that level as resistance, it could extend its slide toward 1.2600...Trade safe 👍✅ Link to comment Share on other sites More sharing options...
Ronald Ray Posted May 11, 2023 Author Share Posted May 11, 2023 https://topgoldforum.com/uploads/monthly_2023_05/BITCOINSupportAhead!Buy!.thumb.png.898f3618fbcc1f703db11afe40a7f7d7.png Hello,Traders! BITCOIN is going down now But a strong horizontal support Of 26.650$ is ahead so After the retest I think We will see a rebound And a move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Link to comment Share on other sites More sharing options...
Ronald Ray Posted May 12, 2023 Author Share Posted May 12, 2023 https://topgoldforum.com/uploads/monthly_2023_05/GBPUSDPotentialDownsides.thumb.png.20ea1f6d51f47457175a29acfa3d36c5.png Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26000 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently GBPUSD seems to be in a correction phase in which it is approaching the retrace zone at 1.26 support and resistance zone. Trade safe. Link to comment Share on other sites More sharing options...
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