Best Price-Action Strategy to trade XAUUSD and XAGUSD

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@nsg_usd - 1 month ago
Quoted - asuquokelvin

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

BTC-It's best you take profit or manage your trade wisely. If price is unable to take out that resistance, It'll drop down to gain balance and try shooting up again with momentum to break out.

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@nsg_usd - 1 month ago
Quoted - godspowerdan

BTCUSDT is looking so indecisive right now. I had left the trade with partials

BTC- Price has not invalidated the trendline support. That will slow down the sells. and price can continue its rally. I usually don't trade when price is indecisive. I love to wait and watch.

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@nsg_usd - 1 month ago
Quoted - asuquokelvin

Price is going high, I will hold to my tp, except a fundamental comes up

Alright. Good it's still pushing. I'll expect it to get to the upper boundaries of the Channel

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@nsg_usd - 1 month ago
Quoted - israeljasspu

Did 1;6 shaa

Alright. Immediately I saw that minor level confluence with the trend support, I suspected the sells will be short term.

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@nsg_usd - 1 month ago
Quoted - asuquokelvin

As long as the trend line remains active, we will still have more sells down

I'm not doubting that. Creation of a LTF bearish channel in line with the 4hr trendline is a good confluence price is driving down.

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@nsg_usd - 1 month ago
Quoted - asuquokelvin

The reaction I am getting on silver is not really okay, I will wait and stay flat, on silver untill I have a good move

XAGUSD- Price invalidates the bullish channel, forming new bearish channel inline with the hourly channel.

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@nsg_usd - 1 month ago
Quoted - nsg_usd

XAGUSD- Price invalidates the bullish channel, forming new bearish channel inline with the hourly channel.

XAGUSD-Finally the breakout I have been anticipating is here.
The LTF was deceptive. That's why I don't like paying attention to it. Glad I wasn't looking to trade any sells but just following price activities. Now I can comfortably lookout for buys.

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@nsg_usd - 1 month ago
Quoted - asuquokelvin

As long as the trend line remains active, we will still have more sells down

XAGUSD-Finally, the bearish trendline has been invalidated. my long-awaited expectation. That's a good pointer they'll be more buying opportunities this week.

I'll be expecting a retest of the Bearish trendline or the retest of the 57.30 Price level, Imprinting this pattern.

V
@victordtrader - 1 month ago

Gold hits multi month low, Ecb & Fed July 21-25 just dropped, 3 week recap + what to watch this week, subscribe for ECB and Fed updates 🔔

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@nsg_usd - 1 month ago
Quoted - victordtrader

Gold hits multi month low, Ecb & Fed July 21-25 just dropped, 3 week recap + what to watch this week, subscribe for ECB and Fed updates 🔔

XAUUSD- The multi month Lows appears as a formation of double bottoms on the chart. A classical chart pattern that often signals a potential trend reversal when confluenced with other technical patterns.

Will be expecting invalidation of the Daily Bearish Trend channel, and an Imprint of the Inverted Head and shoulder to further confirm the Trend reversal. (Picture attached in the next reply below)

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@nsg_usd - 1 month ago
Quoted - nsg_usd

XAUUSD- The multi month Lows appears as a formation of double bottoms on the chart. A classical chart pattern that often signals a potential trend reversal when confluenced with other technical patterns.

Will be expecting invalidation of the Daily Bearish Trend channel, and an Imprint of the Inverted Head and shoulder to further confirm the Trend reversal. (Picture attached in the next reply below)

XAUUSD- The multi month Lows appears as a formation of double bottoms on the chart. A classical chart pattern that often signals a potential trend reversal when confluenced with other technical patterns.
Will be expecting invalidation of the Daily Bearish Trend Channel and an Imprint of the Inverted Head and shoulder to further confirm the Trend reversal.

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@nsg_usd - 1 month ago
Quoted - godspowerdan

Price is already bearish

Look out for sells

Did you take profit on this. woke up to see strong buys on gold.

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