Best Price-Action Strategy to trade XAUUSD and XAGUSD

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@nsg_usd - 17 hours ago
Quoted - israeljasspu

I shorted werey too Milking it

BTC- I spotted a minor key level that can restrict the Sells and create a rebound opportunity for price to continue its rally upwards. The level is at 63716, and it confluences with the bullish channel trend support.

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@nsg_usd - 17 hours ago
Quoted - nsg_usd

BTC- I spotted a minor key level that can restrict the Sells and create a rebound opportunity for price to continue its rally upwards. The level is at 63716, and it confluences with the bullish channel trend support.

BTC-I'll watch out for how the 4hr candle closes by New York session if it will close bullish or bearish.
Where price is, the sells will be of higher probability if the bullish channel trend support is being invalidated. For now, I'll just expect buy continuations despite the sell reactions.

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@nsg_usd - 17 hours ago
Quoted - asuquokelvin

I have been holding this since last week

Cool.

BTC- It's just that resistance holding price from rallying. Let's see if price will continue its rally or break the trend support.

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@nsg_usd - 16 hours ago
Quoted - nsg_usd

Still on the weekly, I'll be expecting this week to close bullish, forming a Bullish Harami Pattern.
Another potential Bullish candlestick reversal that can form at the zone is the prominent Bullish Engulf Pattern.
Either of these bullish candlesticks pattern that appears on this key support zone will make a 3rd confluence on the Major Support Level, signaling a potential trend reversal.

XAGUSD- On the Daily, A potential Morning Star is forming.
This is a renowned triple candlestick pattern formation that signals a bullish trend reversal.
It has different variations, but the classical Morning star pattern is when the 3rd candle closes above the high of the first candle, signifying buyers have taken over dominance from sellers.

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@asuquokelvin - 15 hours ago
Quoted - nsg_usd

Cool.

BTC- It's just that resistance holding price from rallying. Let's see if price will continue its rally or break the trend support.

Am still holding my position since Friday, although the resistance is proving hard and the support is a strong one because internal liquidity was actually taken so now it's heading towards the external but price is just slowing down, my profit has reduced

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@asuquokelvin - 15 hours ago
Quoted - nsg_usd

If today's Daily candlestick closes above last week Thursday's High @57.90, that would form the classical morning star pattern, signaling a trend reversal on the daily.

But I'm just expecting price to close above the Bearish trendline, invalidating it.

Today is just Monday why not wait for more confluence to give you the reason you are already anticipating, for me if silver gives that strong reaction into the box level I will sell downwards

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@asuquokelvin - 15 hours ago
Quoted - nsg_usd

Yeah. both have similar structures and price reactions. I follow them hand-in-hand.

But at least wait for the first two days of the week to pass before concluding on the direction because one we are heavily bearish on silver

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@nsg_usd - 15 hours ago
Quoted - asuquokelvin

But at least wait for the first two days of the week to pass before concluding on the direction because one we are heavily bearish on silver

I haven't made any conclusions on the direction yet; I'm laying my projections down.
Without a breakout from this Bearish Channel, I can't conclude it's bullish.

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@asuquokelvin - 15 hours ago
Quoted - nsg_usd

I haven't made any conclusions on the direction yet; I'm laying my projections down.
Without a breakout from this Bearish Channel, I can't conclude it's bullish.

I get your point from even your daily project that it must break above the trend, but from what I see it may not really because price is prioritizing the downside than the upside right now

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@nsg_usd - 15 hours ago
Quoted - nsg_usd

XAGUSD-On 4hr, price has rally back to the upper boundaries of the Trend Channel and currently reacting to it. A break above this channel, will present stronger buying opportunities.

XAGUSD- On 1hr, Price has built a bullish trajectory showing bulls are pushing again, trying to escape the bears stronghold.
I'll be watching to see if price will break out of the upper channel in New York session.

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@nsg_usd - 14 hours ago
Quoted - nsg_usd

BTC- I spotted a minor key level that can restrict the Sells and create a rebound opportunity for price to continue its rally upwards. The level is at 63716, and it confluences with the bullish channel trend support.

BTC- Price reacted strongly at the minor key level. The 4hr candle that reacted at the level closed bullish. This means the Trend support is still very valid, and that supports my bullish bias.

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@nsg_usd - 13 hours ago
Quoted - godspowerdan

That's good confirmation

You'll have to wait for the day to close before knowing what next to do

Yeah. That's why I'm just observing the market today. I want to see a break above 57.25 price region for buys, or a break below 56.57 for sells

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@nsg_usd - 13 hours ago

XAUUSD- 15mins Trade Setup

Gold is currently bound in a range. I'll wait for either an upside break above 4040 before I'll look for good buy opportunities, or a break below 4000 for a scalp sells opportunity.

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@nsg_usd - 13 hours ago
Quoted - asuquokelvin

I get your point from even your daily project that it must break above the trend, but from what I see it may not really because price is prioritizing the downside than the upside right now

Price has the Final say, and we'll watch and see either way.

If I'm to trade today on silver, I'll be watching out on 15mins for a break above 57.25 for buys, or 56.40 for sells

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@nsg_usd - 13 hours ago
Quoted - asuquokelvin

Today is just Monday why not wait for more confluence to give you the reason you are already anticipating, for me if silver gives that strong reaction into the box level I will sell downwards

This is just an overview of the week. It's not conclusive. I'm fully aware that the week is just starting, but this is me saying what I'm seeing base my market approach.

One can tell a weekend close from a Monday Close. It's not just everybody that believes it's possible.

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