Marked on the chart you can see some key levels 1356.478 ( resistance ) 1297.420 ( resistance ) and 1182.906 ( support )
You can see that price has touched and bounced off these levels 10+ times each, why do you think this is? this is because the big banks and the big players in the game set orders at these levels ( big amounts of money ) this will make the...
Trade had broke the resistance which then became the new support and then retested it. It since then started rising
I believe the trade will go up towards the trendline area, which I personally set take profit. The next decision happens from around that area whether it will break or respect.
If it breaks the trendline and closes above then I believe that it...
Caught this D point with a 5pip S/L before i had any pitchfork on nothing, want to know how hit me up with private message. madness how precise this strategy is. all about selectivity.
Educational purpose only, not giving signals, not bragging just sharing
Sorry for not being too active, preparing for travels. Some nice touches on UJ. All you need is one of these trades a week to make a decent balance increase. Learn the new paradigm, put in some effort now to trade like everyone else dreams of later.
Education only, not giving signals here. You want to know how its done hit me up with private message.
In this chart you see i have a line line that seams to be imatating the charts movement , wrong . This is the XRP/BTC correction which happened last year and i have copied and pasted it from last years correction , and forecasted it over this years and its quite scary how alike the two are its almost a clone! , This is the best price to buy xrp right now as it is...
After creating a new low just below daily resistance price was whipped back up suggesting manipulation and has rallied; breaking back above the moving average, retesting them as support and continuing to break through our downtrend in line with the moving average crossover to the upside.This suggests that price is definitely going higher to test highs around...
In the last year of my trading I've been looking more at weekly and monthly time frames. CADJPY and several other pairs show potential reversal set ups on the weekly time frame. This does not mean that they will reverse.
I've noticed that weekly time frames 'explain' an number of changes in directions of markets - especially forex markets. My thoughts on this...
At the moment we have this pair ranging after it's trend line breakout on Friday creating uncertainty whether it will return to the downside or not. Patience patience patience, let it breakout to either side of the box THEN enter!
Recently with US and N Korea tensions we have seen a run to safe havens. Although we've had a pull back the uncertainty remains. I will be looking for 1 entry around the 50 & 61.8 fib if we have a rejection of this level then next entry would be on the break of the CTL (counter trend line)
Sell GBPJPY (educational)
"kalbotical retracement confluence 1"
1. Up Trend line broken
2. down Trend line formed
3. second leg has a strongest momentum
so possible third leg
for some kind of 1-2-3-4-5 structure )
You can catch momentu e.g with
Squeeze Momentum Indicator
4. Look left for S/R zone
5 perfect Fib level - .618
6. Kalbot RSI ...
With the recent shift in momentum on AUDUSD, the C-D leg on a bullish Cypher has almost completed. I have my limit orders set incase this pattern completes overnight. Looking for a 2 target TP, given the inverse R:R. Remember however, Cypher patterns have a high expectancy even though they sometimes have an inverse Risk Reward.
Will be paying attention...
We have big events Today From UK and USA Side.
UK MPC Official Bank Rate Votes
UK Monetary Policy Summary
UK Official Bank Rate
@ 4.00 PM
USA Core Retail Sales m/m
USA PPI m/m
USA Philly Fed Manufacturing Index
USA Retail Sales m/m
USA Unemployment Claims
USA Current Account
@ 5.30 PM
Timing As per PST 5+GMT
We are Expecting Weak GBP where Strong USD