GBP/USD still resides in our long term ascending channel. We've seen some choppy price movement over the last few days as price bounces in a 100 pip range. Will we see a a breakout to the downside and price reverse or an expansion to the upside for this pair?
Hi traders, this will be the trade of the day, it's a contraction an expansion strategy with 4 triggers so let's see if the market will give us a win here. Note: You can shoot for extended target at the 127.0 Fibonacci extension, if the market does go us from here i do expect it to retest the previous structure at least. Good luck traders
This looks ready for a major expansion. Good luck. Not advice.
We have a contraction and expansion strategy here on the EURJPY and I'm expecting the market push lower anytime soon so let's see if the market will turn around and go lower. Happy trading Guys.
We have good opportunity to go long on this pair based on price action and trend continuation. There's a minor resistance level which you will need to pay attention to.
Okay so this is basically self explanatory but I'll still make it even more clearer for you guys! There's 2 different strategies that you can apply to this chart; Wave analysis and Contraction & Expansion (618 Reverse). Wave Analysis: We had an impulse down and the market has corrected in the form of a 3 wave pattern or 5, depending on how you look at it and the...
We have another contraction and expansion strategy here on the cable and there's a potential for over 250 pips rally in the next few days and this trade has a very good risk to reward ratio. You can either buy or wait for the first rally and then buy after the retracement. So I think we all know how money management is important in trading and when it comes to a...
Contraction and expansion strategy. Gold came out of contraction and made a sharp move down and now the market is in the expansion phase and there's a nice buy set up currently so I'm looking for the market to break upside and go all the way to the previous structure high!
Hi traders, we have a potential day trading opportunity here on ethereum. It's a contraction and expansion strategy similar to the one I posted yesterday on gold. We can see that the market came out of the contraction a couple days ago and completed the first phase of the expansion yesterday and followed it up by a 618 Fibonacci retracement correction/pullback and...
I've been watching EURUSD closely and it has been in contraction over the past couple days and I think it's about to go into the expansion phase so I think It's time to get your long positions because I see us going up in the next few days! Don't forget to use a good money management plan for your trades because the markets have been so volatile lately so that...
This is a straightforward contraction and expansion strategy and I'm expecting the market to push down from the current price to around 99.31 and that's where the next structure lies. There is a potential for this market push even further down but let's get to the first target then and we will see. I'm predicting weakness in the dollar index in the short time so...
Okay so I’m bullish on this currency pair on a higher time frame and the last bullish contraction and expansion strategy on a lower time frame worked out well and now we have another bullish contraction and expansion strategy so let’s see if this will be another good one! I’m expecting the market to rally to at least 1.0990 but expect a little bit of resistance...
Okay I've got another one for you but instead of talking about the analysis I wanna talk about money management, something that a lot of traders don't pay attention to. Money is really important in trading because it can make or break you as a trader. If you put 2 newbie traders in front of a screen and provide them with a very profitable strategy and you these...
My last post, which you can see at the bottom of this post, consist of the same strategy but on a higher time frame and now we got the baby version here. So the market came out of the contraction phase this morning and now it's come back down to retest the lows. So since we are bullish on a medium time frame I think the expansion phase will continue in the upward...