Somnath Das
Independent Analyst
URGENT PAIR XAU/USD (GOLD): UPTREND 3hr CHART
This week gold and wti both will be upside, while gold buy will start by current level on the other hand wti will continue buy from the current level to take a peak and then recovers to weekly low and then again buy to take weekly high.
1.BUY XAU/USD (GOLD): ENTRY: 1304.07, TARGET: 1318.29, SUPPORT: 1290.02
FXStreet Forex Interactive Chart:
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ULTRA SPECIFIC CETERIS PARIBUS STRATEGY:
“Without strategy and execution, a great idea will remain just a good idea.”- Dom
By keeping in mind the daily target price constant trade frequently 3- 4 times a day. Maintain a free margin level approx 200%. With this trader can hold open positions up to 600 pips (approx) if opposite scenario happen. It is applied in a 1:10 leverage setting (Adjust Floating Leverage). Hold the open positions overnight in case of verified short term trend for maximum profit.
Always distribute total trading volume in two pairs.
USEFUL MARKET DIRECTION | TRADING LEVELS:
The price is always changing, will you lead or follow?
2. BUY WTI (CRUDE OIL): ENTRY: 58.47, TARGET: 59.76, SUPPORT: 57.60
FXStreet Forex Interactive Chart:
-636884978742758210.png)
UNIQUE TRADING PROCESS:
Trading process is based on ZIGZAG Analysis and combining with ADX. First, predicting buy/sell any type (limit/stop) intraday. Second, identifying any type of hourly candlestick pattern formation, it is suggested to enter 1st position (buy/sell) at any level between the average of daily entry and sl price.
Third, try to book initial quick profit to verify predictions validity. This process can be repeated twice or thrice in sidewise market. Also distribution of positions by averaging method will be helpful. This way we can maximize intraday profit, provided that the daily market direction is verified and holds true.
Fourth, on the fundamental side we will check the price action more during the news in economic calendar on CPI (Consumer Price Index) data of EUROPE, UK, USA, JAPAN, CANADA, SWEDEN, and SWITZERLAND. Trade deficit data is important to follow for more volatility.
“Every correct Decision you make takes you one step closer to being Wealthy and Successful”- © Somnath Das , 2018-2019
Fundamental Overview FXStreet: OIL
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