XAGUSD | New perspective

9 thg 10, 2022

The appearance of a reversal pattern around the bearish trendline identified on the daily time frame insinuates a bearish momentum for the week.

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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) is high-risk and unsuitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

10 thg 10, 2022

Giao dịch đang hoạt động

The week has started on a strong bearish note but unfortunately, I have missed this move. So, I will be waiting to see if the market will give me a second chance at entry... Update coming soon.



Good morning

10 thg 10, 2022

Giao dịch đang hoạt động

Current update as selling momentum continues to linger>

BEARISH SIGNAL: breakdown/retest of $19.70 level

11 thg 10, 2022

Giao dịch đang hoạt động

With 230pips in profit, price continues to move in our direction. Securing position



Good morning

11 thg 10, 2022

Giao dịch đang hoạt động

UPDATE

11 thg 10, 2022

Giao dịch đang hoạt động

Rejection of $1,930 area will welcome another position as projected

12 thg 10, 2022

Giao dịch đang hoạt động

Multiple rejections of the $19.30 area in the last 4 hours insinuate that bearish tendencies are still feasible from this juncture on the chart. Sellers have continued to reject bullish attempts from the $19.30 area, so selling below this level looks sensible.

12 thg 10, 2022

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UPDATE

13 thg 10, 2022

Giao dịch đang hoạt động

Multiple entries dovetail to over 1,000pips profit and stop-loss moved accordingly as sellers continue to impose presence since the beginning of the week.



Good morning

13 thg 10, 2022

Đóng lệnh: đạt mục tiêu

Trade closed with over 1,800pips in profit (multiple entries). Update coming soon

13 thg 10, 2022

Giao dịch đang hoạt động

Another selling opportunity lining up as I look forward to trading breakdown/retest of the $18.90 level.

14 thg 10, 2022

Giao dịch đang hoạt động

A breakdown of the $18.90 happened overnight, will there be a trend continuation to the downside? Looking for a selling opportunity below the $18.90



Good morning

14 thg 10, 2022

Giao dịch đang hoạt động

UPDATE

Securing position

14 thg 10, 2022

Giao dịch đang hoạt động

UPDATE

Over 700pips in profit, securing position

14 thg 10, 2022

Đóng lệnh: đạt mục tiêu

Trade close with 780pips profit

Happy weekend