MidasEdge

MidasEdge Updated 

SOLUSD has been constantly creating lower highs with the exception of the rally from our previous idea where it hit our SL but got rejected by the resistance up top. We are now back within the wedge and we may observe a pullback. TPs are as labelled. SL is placed above the newest downtrend. Please do not risk more than 1% per trade. If you like the idea, please...

MidasEdge Updated 

ETHUSD has been creating lower highs and lower lows, signalling we're in a downtrend as shown on the charts. We may retest the top of the channel before pulling back. SL will be placed aboved the resistance in case it does breakout. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and comment down your thoughts below! I...

MidasEdge

Gold has rallied rapidly over the past 2 hours. RSI shows signs of overbought. We will short for a potential pullback. TPs are as followed. SL will be on top of the next resistance Please do not risk more than 1% per trade. If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!

MidasEdge Updated 

XAUUSD has broken from an important support that it has been testing the entire week. This shows bearish pressure. MACD has also showed signs of fading bullish momentum. However, price is stabilizing in the middle of the daily Bollinger Band, so we might do a pullback to retest the support that it broke out of first before going further down. With NFP looming over...

MidasEdge

AUDUSD has been consolidating for the past 2 weeks within a range and price has broken up. We can expect upward momentum towards the next daily resistance where we can then look for shorts for pullback. Take note that we would have a tight sl as we would be trading against the trend and this trade is not meant to be held for long term. Please do not risk more...

MidasEdge Updated 

On the daily timeframe, EURGBP has formed a bullish pennant, signalling bullish pressure. However, until the trendline is broken, we may consolidate within the X, potentially forming a megaphone pattern. As such, what we can do now is to sell the top X with a tight stop loss, once there's confirmation it breaks, we would switch to a buy for TP1,2 and 3. We can...

MidasEdge Updated 

As shared in our previous idea, USDJPY has broken through the weekly down trendline, it rallied even more than expected and we have taken our profits. This breakout momentum shows bullish pressure. However, because RSI has turned overbought in the lower timeframes, we can expect pullbacks and consolidation within these levels. Hence, we should look for buying...

MidasEdge Updated 

GBPJPY has broken up from the small downtrend channel that I shared in my previous idea. We managed to capture profits before it broke upwards with 0 pullbacks in sight, breaking past 2 FVGs before finally showing signs of rejection at the upper resistance. Hence, we may observe some pullbacks in between these levels. The overall trend is still upwards, so we...

MidasEdge

USDCAD has been consolidating within these levels in a descending wedge for almost half a month. Daily RSI is showing signs of oversold, signalling that a pullback might be due soon. We will look for entries to buy for the breakout and have our sl below the support and the TPs are as followed. Please do not risk more than 1% per trade。 If you like the idea,...

MidasEdge Updated 

EURUSD has been consolidating after a huge rally, forming a bullish pennant in the larger timeframes. Depending on which side the price breaks out from, enter accordingly. Break upwards? Buy. Break downwards? Sell. TPs are as specified. Watchout for fake breakouts. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and...

MidasEdge Updated 

WTI has been falling for the entire week now. A hammer has formed on the hourly candle just right above a support. We expect pullbacks. TPs are as followed and SL is located at the support below. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!

MidasEdge Updated 

Dogecoin has been consolidating within the downtrend channel for the past week and we just observed it breaking the support earlier. We may look to reenter shorts during the pullback so we can enter and target to the next support. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and comment down your thoughts below! I...

MidasEdge Updated 

Last week weekly candle closed as a bullish pinbar, signalling buying pressure. It has tried to break upwards twice this week already and I believe the third time would be the charm before we end the week with NFP. However, the road up would be tough with all the FVGs hence TP1 and 2 is relatively close to each other. Please do not risk more than 1% per...

MidasEdge Updated 

SOLUSD has just broken the H&S formation. We can expect a pullback towards the neckline for a retest and use that opportunity to enter a short. TP would be as indicated. SL will be above the down trendline in case of any SL hunting. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and comment down your thoughts below! I...

MidasEdge Updated 

XRP has broken out of the uptrend. TP1 has been hit. Still holding onto shorts for TP2 and TP3. We may bounce off from TP2 for a pullback after it establishes support there. That might be another good entry after it pullbacks for TP3. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and comment down your thoughts below!...

MidasEdge Updated 

BTCUSD has been consolidating for the entire week within this ascending triangle, showing bullish pressure. However, I believe that this is just a trap considering current economical events. People are still flocking to gold as a safe haven as cryptocurrency has yet to establish itself amongst the older audiences. Hence, we may see the ascending triangle fail. The...

MidasEdge Updated 

ETHUSD is forming a H&S pattern on the H1 chart. The right shoulder has yet to finish forming so our TP1 will be on the neckline. TP2 will be if it breaks out from the trendline and TP3 will be the completion of the H&S pattern. Pattern will be invalidated if it breaks past the shoulder line. Please do not risk more than 1% per trade。 If you like the idea,...

MidasEdge Updated 

Given that Russia has caused for a ceasefire for the next 3 days, we may see some fluctuations happening for the safe haven currency, JPY. However, because it's only for the next 3 days and not for an extended period of time, people might be hesitant to pullout from the japanese yen. Thus, as the war continues, I believe JPY would continue to strengthen and cause...