Hi guys, Happy Easter Holidays to my Orthodox friends in Eastern Europe. It is of huge importance to spend more time with our families these days and try to forget at least for a few days about all the negativity that surrounds us recently. Going back to the charts, let's have one last look at BTC this week. Yesterday we avoided going down to the mid-$6k zone,...
Here's my trading opinion du jour: Trendlines tend to break and when they do, they get ever so conveniently re-drawn by the chartist. Hey if they don't put the Art in chart then who does? I've learned a lot this past year, re: trendlines. Basically, they're a massive waste of your time. Just like most patterns. Not that they don't exist. Just that you can create...
USDCAD is stretching up to a horizontal resistance zone. This zone has been retested multiple times and all time has reversed to lower lows, so there is a large profit potential in this trade. Stop Loss placed slightly above highest level previously broken through, meanwhile Take Profit is placed near the horizontal support zone, although this could drop even further.
If we break out bullishly here, it looks very bullish indeed, we have a couple horizontal resistances to overcome the current one at 9595, and the grey horizontal a few pips above that...the projected breakout target also requires we break above this turquoise horizontal as well and if we were to do that that would be a HUGE bullish sign BTCUSD will have achieved...
If UPS can break past $121 run to $124.50 at next resistance with a gap past that straight to $127.50. My entry $121.25 T1 $124.35 T2 $127.25 SL $118.30
AUDJPY Fibonacci 50% Retracement of Pin Bar
GBPNZD Horizontal Support Resistance Trade
In this eurusd pair the chat clearly shows that the trend is bearish making consistent a lows and highs. I drew daily structure to indicate price action and how the candlestick would react in every zone it reach. The retracement on the 60% level indicates how the market would react making consistent bounce predicting that the market will continue go into trend in...
EURCHF is at technical resistance and triple top. RSI and stochastic indicators suggest an overbought market, we are awaiting price action confirmation before entering the position.
CADCHF approaches a confluence of technical resistance in the form of daily downtrend, 4 hr horizontal level, 4hr bollinger and 61.8% Fib level. With RSI and Stochastic indicators displaying the pair is overbought, we are awaiting price action confirmation.
EURCHF Horizontal Break and Retest. Wait for the Daily Close of the Candle.
What an incredible bull run it's been thusfar these last three months for btcusd. Of course we've been expecting an eventual climb to at least $7229 since february and looking back over my previous charts you can see we've been charting the falling wedge breakout target since march 11th and the wedge itself as early as mid february. Not only did we finally hit the...
Trying to work on recognizing meaningful support & resistance. Here we have OMG climbing back into a consolation zone at previous all time lows. Looking ahead I have identified spots of horizontal resistance that may work as good prices to take profit. All criticism is welcome!
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Entry Price 75.248 Fibonacci Level 0.618 For Currency Pair NZDJPY