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4 + 1 (Metals) strategy

  • #4,141
  • May 18, 2020 9:37pm May 18, 2020 9:37pm
19 May 2020


Downward point stochs signaled the pullback and price dipped back inside the H1 Buy Zone and extended its weakness deeper into the H4 buy Zone, the Bearish daily close that resulted with a long wick to the topside also validated the need for caution we mentioned in terms of price pulling back and retesting a couple of former resistance handles as new support since the breakout, as things stand, price has printed bullish reversal signals on the H4 and the H1 respectively but has traded into the now bearish H1 sell zone, as such, would like to see the following hold up, price staying above 1734.80 on the M15 and then the H1 getting a break and close above the 1743.96 handle on an hourly basis for us to see the H4 bulls continue the bullish run, till that happens, given where the H1 zone is, price remains vulnerable to further weakness and a retest of the 1725 handle before kicking on...


H1: Bearish and Sell Zone: 1739.46 - 1741.26
H4: Bullish and Buy Zone: 1737.52 - 1729.12
D1: Bullish and Buy Zone: 1713.59 - 1693.36


Intra Day Levels
Upside
1779.74
1765.25
1756.30
1754.55
1750.82

Downside
1741.81
1727.32
1718.37
1716.27
1703.88






Green Pips
4&1 All Time Profit: $37,496
  • #4,142
  • May 18, 2020 9:54pm May 18, 2020 9:54pm
Quoting MzansiObi
19 May 2020 Downward point stochs signaled the pullback and price dipped back inside the H1 Buy Zone and extended its weakness deeper into the H4 buy Zone, the Bearish daily close that resulted with a long wick to the topside also validated the need for caution we mentioned in terms of price pulling back and retesting a couple of former resistance handles as new support since the breakout, as things stand, price has printed bullish reversal signals on the H4 and the H1 respectively but has traded into the now bearish H1 sell zone, as such, would...
Associated charts
H1:

  1. Point A illustrates the H1 sell zone
  2. Point B Illustrates the level we would like to see the H1 break and close above on an H1 bases to invalidate the H1 sell zone to further drive the H4 bullish sentiment.

H4:

  1. Point A illustrating the H4 Buy Zone
  2. a look to the left showing that price has retested and found support at former key resistance on the chart, as such some bullish sentiment and outlook inside the H4 buy zone signals a probability to push higher.

With that said, the objectives to the topside have been highlighted and associated conditions outlined too...



Green Pips

Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 997 KB
Click to Enlarge Name: XAUUSDH4_LI.jpg Size: 974 KB
4&1 All Time Profit: $37,496
  • #4,143
  • May 19, 2020 3:22am May 19, 2020 3:22am
Update: Previous H1 close bullish and this inside the H4 buy Zone wwherein we have seen the bullish confirmation, as such the outlook becomes to buy cautiously and look to first get above 1734.80 on the M15 and then the H1 getting a break and close above the 1743.96 .


Buy Limit
1730
SL 1720
TP Open

Green Pips
4&1 All Time Profit: $37,496
  • #4,144
  • May 19, 2020 8:17am May 19, 2020 8:17am
Quoting MzansiObi
Update: Previous H1 close bullish and this inside the H4 buy Zone wwherein we have seen the bullish confirmation, as such the outlook becomes to buy cautiously and look to first get above 1734.80 on the M15 and then the H1 getting a break and close above the 1743.96 . Buy Limit 1730 SL 1720 TP Open Green Pips
Price contiues to be rejected from breaking interim support, as such, will contiue looking for those Buy dips...

Just requires a modus of patience before it gets going again...
4&1 All Time Profit: $37,496
  • #4,145
  • May 19, 2020 8:34am May 19, 2020 8:34am
Quoting MzansiObi
Update: Previous H1 close bullish and this inside the H4 buy Zone wwherein we have seen the bullish confirmation, as such the outlook becomes to buy cautiously and look to first get above 1734.80 on the M15 and then the H1 getting a break and close above the 1743.96 . Buy Limit 1730 SL 1720 TP Open Green Pips
Partial profits taken off the table, stops at BE plus.....that H1 break and close level becomes next hurdle(Point A)
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1Pm_LI.jpg Size: 1.0 MB
4&1 All Time Profit: $37,496
  • #4,146
  • May 19, 2020 10:14am May 19, 2020 10:14am
Quoting MzansiObi
{quote} Partial profits taken off the table, stops at BE plus.....that H1 break and close level becomes next hurdle(Point A) {image}
H1 struggling to stay above the 1743.96 handle, we can continue buying dips and scaling out as and when price approaches that handle as it seems to be looking to challenge it, but becomes wise to keep recycling the buy dip handle till it fails, and or breaks that overhead resistance...as things stand seeming mire likely that price is going to be retesting the upper 1720's before we get going again...so lets errrrr on the side of caution by taking partial profits and trailing
4&1 All Time Profit: $37,496
  • #4,147
  • May 19, 2020 3:06pm May 19, 2020 3:06pm
Quoting MzansiObi
{quote} H1 struggling to stay above the 1743.96 handle, we can continue buying dips and scaling out as and when price approaches that handle as it seems to be looking to challenge it, but becomes wise to keep recycling the buy dip handle till it fails, and or breaks that overhead resistance...as things stand seeming mire likely that price is going to be retesting the upper 1720's before we get going again...so lets errrrr on the side of caution by taking partial profits and trailing
Finally managed to get back above it and stay above it, as such the continued trading of price at said levels has seen price pull up the H1 zone and its currently in the process of turning bullish, as such the outlook becomes to wait for the daily close and see what the next days levels that are printed are and take it from there


Green Pips
4&1 All Time Profit: $37,496
  • #4,148
  • May 20, 2020 1:20am May 20, 2020 1:20am
20 May 2020


Price managed to get a bit of a rally and push on from the H4 support and Buy zone, H1 has also flipped bullish and as such the outlook becomes to look for bullish signals on the H1 as and when price gets back inside the H1 Buy ZOne....

Alos worth noting is how price haas got indications of a possible HnS pattern on the H1 with the shoulders around the 1751 handle and the head being the mot recent structural high... with that said, any dip from these inside patterns(Remember we are still pushing the D1 inverse HnS pattern) becomes an opportunity ti look for buy dip scenarios, should this H1 HnS pattern hold true and remain valid, then we could see price target the low 1700s again, which just so happen to coincide with what?? The D1 buy zone, as such buying off of the H1 and H4 buy Zone should be done cautiously with proper position size management up until the head structure becomes invalidated so as to better handle and manage position risk...


H1: Bullish and Buy Zone: 1745.13 - 1743.12.
H4: Bullish and Buy Zone: 1740.99 - 1733.91.
D1: Bullish and Buy Zone: 1719.48 - 1699.39.



Intra Day Levels
Upside
1782.11
1767.52
1761.38
1752.97
1747.77
Downside
1739.41
1736.80
1734.19
1730.96
1726.76


Green Pips
4&1 All Time Profit: $37,496
  • #4,149
  • May 20, 2020 1:49am May 20, 2020 1:49am
Quoting MzansiObi
20 May 2020 Price managed to get a bit of a rally and push on from the H4 support and Buy zone, H1 has also flipped bullish and as such the outlook becomes to look for bullish signals on the H1 as and when price gets back inside the H1 Buy ZOne.... Alos worth noting is how price haas got indications of a possible HnS pattern on the H1 with the shoulders around the 1751 handle and the head being the mot recent structural high... with that said, any dip from these inside patterns(Remember we are still pushing the D1 inverse HnS pattern) becomes an...
Associated image, to support the levels and outlook, the H1 RSI still has room to the topside and is above the 50 supporting the notion that the H1 buy zone still has steam to drive us higher , the H1 buy zone at point A is upward sloping and intact, have also marked out the different support and resistance levels to show how price has reacted at sme before breaking them and then using as support.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_LI.jpg Size: 837 KB
4&1 All Time Profit: $37,496
  • #4,150
  • May 20, 2020 8:02am May 20, 2020 8:02am
Update: another retest of the H1 Buy Zone Producing another bounce....as we mentioned on the daily outlook, we keep buy the dips and scaling out near the right shoulder up until price breaks that head at the structural high, which would mean the HnS on the H1 is invalidated....
4&1 All Time Profit: $37,496
  • #4,151
  • May 20, 2020 12:02pm May 20, 2020 12:02pm
Update, H1 RSI and Stoch both pointing lower, however will keep on looking to recycle the buy dip handle as ptice still has room to the top...
4&1 All Time Profit: $37,496
  • #4,152
  • May 21, 2020 8:13am May 21, 2020 8:13am
Good Evening Mzansi and other masters...
Back in field after a long rest...
Hope I will make some pips again under your guidance...
thanks to all...
Green pips
  • #4,153
  • May 21, 2020 11:29pm May 21, 2020 11:29pm
22 May 2020


Price has almost come full circle, looking at the recent dip in price from that right shoulder, our logic and bias held up and the decision to scale out of positions as price approached that right shoulder on the H1 assisted to ensure we do not expose ourselves to unnecessary risk, the overall H1 HnS target was even lower at the low 1700s and deeper inside the D1 buy zone, however, the bulls have already come into play on the D1 and actually retested that former breakout out level/zone at the mid 1700s, as such buying the D1 dips becomes attractive and validated given the confluence of factors supporting the bullish outlook, with that said, the bulls have their first objective in that the dip has flipped the H1 zone bearish, while the H4 has got a neutral tone to it, to add on aswell, we are below the H1 200 handle as such we can still expect further weakness however a daily close above the former falling wedge reisitance, now turned support keeps the bullish outlook intact, and similar to where we were a few sessions ago, we will need to wait and be patient with the D1 bulls to get going as there are some overhead resistance levels that price would need to overcome before getting going, its well worth mentioning though that price remains bullish overall and this relief dip gives us another chance at positioning ourselves.


H1: Bearish and Sell Zone: 1728.16 - 1731.84
H4: Bullish to Neutral
D1: Bullish and Buy Zone: 1720.33 - 1702.03



Intra-Day Levels
Upside
1762.30
1749.47
1742.90
1736.70
1732.92
1730.91
Downside
1718.92
1711.51
1704.94
1699.52
1697.65




Green Pips

Ps. Remember its Friday and as such manage risk and position size accordingly, we keep recycling zones and levels till they break or fail, and by taking some partial profits along the way you bank some pips and mitigate risk.
4&1 All Time Profit: $37,496
  • #4,154
  • May 22, 2020 1:50am May 22, 2020 1:50am
Quoting Rudrax
Good Evening Mzansi and other masters... Back in field after a long rest... Hope I will make some pips again under your guidance... thanks to all... Green pips
Hi Rudrax.

Glad to see you back my friend!
Bag those Pips....
it’s good to take a breather every now and then mate!!
4&1 All Time Profit: $37,496
  • #4,155
  • May 22, 2020 2:30am May 22, 2020 2:30am
Update:
First Hurdle for the bulls has been broken.
That H1 200 handle has been broken and price has pushed an impulse wave higher, Need to see a bullish H1 close above the 1734.71 handle for continuation
Given the H1 is bearish, should the H1 bears push price lower, would then like to see price continue to hold above the H1 200 MA near that 1730 handle.....


Green Pips
4&1 All Time Profit: $37,496
  • #4,156
  • May 22, 2020 3:14am May 22, 2020 3:14am
Update:
Bullish LO
and H1 manages to close above that 1734.71
as such pending buy order1734.71
SL below previous daily low.


Green Pips
4&1 All Time Profit: $37,496
  • #4,157
  • May 22, 2020 4:11am May 22, 2020 4:11am
H4 zone is Neutral with psychological zones @ 1750 & 1730. Sells will confirmed below 1730. Price looks strongly bullish but it's at levels where it can leave you hanging. So I'd say buying above 1750 would be less risky.

The retest of broken horizontal triangle @1705 is still on the cards.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200522-110155_MetaTrader 4.jpg Size: 353 KB
  • #4,158
  • May 25, 2020 1:09am May 25, 2020 1:09am
25 May 2020

Price has fallen back below the H1 200 following that gap lower on the open, as such will be looking to see how price behaves following the London Open hour and throughout the day as it is a US banking Holiday, current price handle is near an inverted HnS on the H1 with the head of the structure sitting at last weeks low, this added confluence also lends to the D1 buy ZOne that is just below the current price handle...


Since price gaped down and H1 has a negative bias, expecting any D1 rally to meet some resistance inside the H1 sell zone and as such the bulls would need to turn that handle bullish aswell...

H1: Bearish and Sell Zone: 1729.57 - 1731.24
H4: Bearish and Sell Zone: 1731.99 - 1733.46
D1: Bullish and Buy Zone: 1722.33 - 1704.55


Intra Day Levels
Upside
1747.51
1742.88
1739.20
1734.13
1730.4
Downside
1727.30
1723.62
1717.67
1708.98
1705.33




Green Pips
4&1 All Time Profit: $37,496
  • #4,159
  • May 25, 2020 1:13am May 25, 2020 1:13am
Quoting Bkay23
H4 zone is Neutral with psychological zones @ 1750 & 1730. Sells will confirmed below 1730. Price looks strongly bullish but it's at levels where it can leave you hanging. So I'd say buying above 1750 would be less risky. The retest of broken horizontal triangle @1705 is still on the cards. {image}
Hi Mate


Yes, i agree, if the current Bearish lower time frame zones do manage to push us lower and hold up,and price breaks the previous weekly low, a retest towards the breakout level is back on the cards, as mentioend when we were at the multi year highs, and all zones remained bullish, the logic was for us to buy cautiously till the high is broken failing which we would see price come back to retest these lows near the breakout handle, some confluence of factors to consider as and when price gets there as D1 buy zone is here, breakout level is here and the overall D1 HNS pattern is still valid, so will be looking for continued top side continuation...


Green Pips B23
4&1 All Time Profit: $37,496
  • #4,160
  • May 25, 2020 1:15am May 25, 2020 1:15am
It's a bank holiday here in UK too chaps
So price movement today should be pretty lethargic!
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