I find it very interesting we are in no hurry at time of publishing to go any lower at these levels for good reason....see chart target.
Parallel red and blue lines original pitchfork from initial bull run this year!
more delays for brexit should see big gap down and a return to retest previous lows.
if deal is agreed then we should see gap up and continued strength in the pound.
honestly, i have stopped day trading the pound, it is very volatile and now looking for longer term positions.
As a young person in the UK i feel my views have been forgotten about. To anyone over the...
trendline broken at the resistant level, high possibility chance for it to have a pull back, if it does then the sell limit will trigger off but however if it doesnt then the entry will be based on the new chart patterns.
BUY – GREGGS (GRG)
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The success story of Greggs is quite remarkable with the shares rising significantly over a 5-year period. The baker recently delivered an ‘exceptional...
We predicted the recent dollar index decline almost about a month ago (see chart below). There could be some pullbacks later, but ultimately the index would likely go further down. It could touch 91.30 - 93.60 in a couple of months...
Dollar index keeps falling.
Selling pressure is accumulating and for the last two weeks, we haven't seen any pullback.
The market is coming closer and closer to a support line of a major rising channel .
I think that bears will keep pushing the market to 96.5 level and only from the identified zone we will see a...
- Pennant chart pattern formed indicating a bullish continuation of trend.
- Wait for confirmation candle
- On the W1 timeframe price is respecting the 61.8% level
- H1 timeframe is showing an uptrend and price retraced within the pennant.
- We are looking for price to break outside of the pennant and retest it before entering the trade
Gold is now in a bullish flag pattern on the weekly. Price consolidation has been going on for few weeks and may continue coming trading week. 1480 has proven to be strong, however, gold may want to re-test the lower channel of the flag again in order to determine how strong it is. In any case, 1480 level seems critical to any breakout to the upside for the metal...
Tonnes of confluence on the weekly chart for Gold to bounce off at 1358 as shown in the chart.
1. SMA support
2. 50% fib support
3. Descending Channel Support
4. Ascending trendline Support
Until then, I will be shorting it any opportunity I get! Will play the ranges in the descending channel.
Quick update on GBP pairs.
It's rallied into some key resistance levels on my charts. This could potentially signify exhaustion and lead to speculative selling/profit-taking in the very short term.
Keep a watch on the formation of this daily candle, if it posts some kind of inverted hammer or outside day, then I may look to sell some GBP pairs next week in...
This strategy joins the Pivot Reversal strategy with the RSI indicator.
We check RSI level at the pivot point level and only if RSI condition is satisfied we update levels for stop orders.
The strategy works pretty good for crypto, 30m, 1h, 2h timeframes.
Check you my TradingView courses:...
If you make a loss, I am not responsible for it. Please use this with caution.
When I see a sell signal, I may short. When I see a buy signal, I may long. The signal is most relevant for the exact time it comes on the chart.
The signal can show up and disappear on a running bar. To mitigate this issue, one should only use this on bar close. However, on bar...
Watches 3 Symbols with separate timeframe control, with Hull Moving Average crossovers on each, DXY XAU/USD BTC/USD
and a daily candle crossover. With StopLoss and Target Price and Backtesting history selection control. Entry and Exit rules visible in script (script open)
So if DXY chart is going down and Gold chart going up and Bitcoin chart going up then it...
We've all been there....
- An alert on your phone draws your attention, "GBP USD up x%"
- A news story comes out; in this case "Brexit Breakthrough" and before you know it the markets are going nuts.
- You scramble on to the charts to take a look at the action and Holy Moly things are going UPPPPP!!! Naturally your eyes ignore all of the indicators on the chart,...
Here is a nice simple day trade set up using my day trading strategy that I sometimes use. It relies on a few technical indicators and the ability to spot the current trend.
Trend = Bullish
Price = Above 50ema
Price Rejecting Daily Pivot Level
I cover the full set up and teach you how to spot these trade in my trading strategy guide that you can buy online now...