Most traders lose most of their capital attempting to time the exact bottoms and tops of what has ultimately shifted into a bull market. Rather than attempting to predict what the top of a price movement is, why not simplify the process? No-one wins attempting to time the market. A trader may get lucky once or twice, but, aside from the occasional overleveraged...
JD.com Inc. has a solid and strong bottom formation that is working on completion, which will provide strong support for the next uptrend. These technical patterns are ideal for momentum and swing trading, position trading and also for long-term investing because the long bottom formation is built on Dark Pool accumulation.
Price currently in a level/zone where it has been rejected on several occasions. Breaking this level is very unlikely as USD is also to get weaker. For Position traders this could be a great setup since RRR is very good.
As a new generation starts families and buys homes, the growth in Life Insurance also booms. There are several life insurance companies forming bottoms right now and many are nearing completion for future position trading, intermediate term holds or even long term holds. This chart has a specific footprint in the chart patterns that confirms the bottom has begun...
I took three previous trades on gbpcad and was stopped out all three for a .24 lost. My setup told my to stop trading for the week and to re-evaluate the charts today. Here are my current setups this week as I am currently 30 pips in profits on a gbpcad trade that I broke even on. Let's see what next week holds!! GBPCAD