4 + 1 (Metals) strategy

Quoting MzansiObi

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{quote} Couple of pips shy of that first TP....

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Quoting MzansiObi

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{quote} Good signs beginning to come from the m15 chart, while we dont necessarily trade off of it, we often check it for tell tale signs of how the bias is beginning to shape up, now we can see price capped by the falling trendline, but whats good for the bulls is the crossover and the slow down of bearish momentum near a key level where we expecting the bulls, as such we wait for the break out {image}

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Quoting MzansiObi

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{quote} Breakout confirmed...... , will look to add onto nuy orders with a retest of the breakout handle.. Green Pips {image}

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Quoting MzansiObi

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12/05/21 Not really seeing anything new structure wise, just a new range forming between key levels from previous sessions...namely 1834.06 and 1818. As such, given the overall trend of asset, will look to buy near the bottom of the range and look to cash out or take partial profits when price gets back up, again, until we invalidate the current H1 HnS setup we can xpect price to be capped there. H1 flipped bearish for now further validating this range move price is busy mapping out Levels worth watching today. 1850.82 1834.27 1831.8 1818.97 1812.23...

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Quoting MzansiObi

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{quote} That range bound sentiment still intact, if still holding onto long setups from yesterdays buy entry, id consider trailing and or closing a portion of the position while we see what price does when it hits that falling trendline near 1840, a break and close above exposes that 1854 handle we have our eye on, whats promising for bulls is how the D1 closes have managed to stay above the 1800 handle, {quote} Levels mentioned earlier remain intact Adding 1845.32 1828.77 1824 1810 For the Daily outlook.....

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Quoting MzansiObi

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Cheeky short order Sell Limit 1839.93 SL 1845 TP Open **looking to bag minor pips should that overhead resistance defend the handle, as such risk management is key

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Quoting MzansiObi

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{quote} If filled and taken, hold onto this short, tell signs of a deeper pullback towars 1826 on the cards... Green Pips

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Quoting MzansiObi

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Perspective: From the D1 down to the H1 chart, suggestive price exhaustion is beginning to show, now the sell setup on Friday from the Falling trendline didnt push on deep enough to trigger sell setups, as such buy setups become favourable over sell setups.... Green Pips {image} {image} {image} {image}

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Quoting MzansiObi

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{quote} Weekly review of Gold, continued daily closes above that descending trendline affirming the bullilsh trend continuation, however the previous weeks price action has continued to be capped at that 1885, a look to the left clearly illustrates the level is a major level and price has stalled at the handle, our two regular indis showing that price is exhausted and a possible retest of the breakout level could be on the cards, its NB to note its safer to buy as opposed to selling despite price beginning to show weakness, as such, will look to...

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Quoting MzansiObi

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{quote} Weekly review of Gold, continued daily closes above that descending trendline affirming the bullilsh trend continuation, however the previous weeks price action has continued to be capped at that 1885, a look to the left clearly illustrates the level is a major level and price has stalled at the handle, our two regular indis showing that price is exhausted and a possible retest of the breakout level could be on the cards, its NB to note its safer to buy as opposed to selling despite price beginning to show weakness, as such, will look to...

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Quoting MzansiObi

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Update: cheeky long at 1903.36 SL 1898 TP Open Green Pips

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Quoting MzansiObi

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{quote} Couple of pips away from the 1910 handle....we have seen price clear and retest the broken trendline..... This is where it begins getting interesting on an Intra Day basis.... plenty of overhead horizontal resistance coming up; Watching following levels keenly 1908.92 1906.07 1904.32 1901.48 1896 Green Pips

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Quoting MzansiObi

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update: price back inside the H1 buy zone, but trendline on m15 chart broken as such, well worth the wait for a retest of some key levels to the bottom, pending buy order at 1896 SL @ 1885 given the next support handle as such, manage position size accordingly to avoid massive DD. Green Pips

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Quoting MzansiObi

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{quote} FFS this buy order just taking its time to get going..... Levels for the day; 1900.33 1898.23 1896.98 1894.77 1892.62 1889.15 Green Pips

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Quoting MzansiObi

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{quote} it moved!!!! Finally... nothing worse than a setup thats locked and loaded but too stubborn to kick on..... But its well worth noting that while its oved, its retesting some levels that proved challenging as such we may be in for another snooze fest as our stochastic indi is pointing lower on the H1 while price is at this horizontal level, nevertheless, we still remain net bullish on gold.... Adding revised numbers here 1902.52 1904.66 1908.11 1914.69 ***** first two sets have been tagged and breached already but they popped up from the...

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