as you can see price reached the last low of the chart , it acts as support area.
Also we have a very strong resistance area on top wich you can see has 3 reversal points , we have 50% Fibbonacci retracement level in this resistance area too.
RSI shows us good divergence.
I believe price tests the support one more time after the markets opening , that's a good...
EURGBP H4 Chart-
Market is in an Uptrend and price is above the 50EMA, price is in the Monthly Resistance Zone (Brown Area).
Reason For Entry- Double Top followed by Engulfing Candle.
SL- 48 Pips🛑
TP1- 48 Pips✅
TP2- 96 Pips✅
Clear trend reversal with lower highs. The high time frame trend is broken and then rejected as it forms a down trend. There could be some bullish movement to previous support, but only to continue in the down trend.
based on the 1:3 RR we use, USDCAD would have achieved a total gain of 1% last week following our strategy with the SL&TP provided!
first trade- we have a sell which hit our SL meaning a account loss of 1%
second trade- we have our BUY, this hit our SL meaning a loss of 1%
third trade- we have our final SELL for the week which hit TP, achieving an account gain of...
based on the 1:3 RR we use, EURCAD would have achieved a total gain of 3% last week following our strategy with the SL&TP provided!
Our one and ONLY sell indicated to us last week hit our TP, achieving a total account GAIN of 3%!
TOTAL GAIN +3%!
based on the 1:3 RR we use, CADCHF would have achieved a total gain of 1% last week following our strategy with the SL&TP provided!
first trade- we have our first BUY, this was just 3 pips from hitting our TP but then went on to hitting our SL! you may have closed or your spread could have helped hit TP BUT im going to count it as a loss of 1% fo your...
Simple setup here where the daily price action is showing initial rejection of an established trend line. Volume isnt suggesting enough strength to push through this resistance in the approach to the trendline, inviting sellers to enter without too much opposition.
Stop Loss above both the trendline and recent high in order to place two solid barriers between...
I have opened 2 long positions on BTC after identifying momentum loss on a key support region and long term descending trend line, that BTC had broken to the upside on 26th of October and had now returned to retest. I am taking this position purely on a technical basis due to good Risk to Reward, I will look to take profit at the upper end of the channel and aim...
This is BEYOND technical analysis!
YES - I'm saying that it's time to move away from BTCUSD, even though there was a big pump recently. Eh? Yes - although the market reacted in a way that I expected in previous vidoes, I'm saying that from an investment perspective:
1. It's too expensive
2. It's too risky.
So why am I saying what I'm saying? You'll have to...
Price has approached this daily resistance and shown strong rejection multiple times on lower time-frames. Over 1:8 risk-reward ratio. Comment your telegram name to join our free telegram trial- only 3 days left and special offer currently active.
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EUR/USD Made an expanding flat now made 5 waves down creating wave 1, then made a WXY pattern which can be subdivided as 3 waves ABC , so now i have took a channel and i drew from the highs of the waves and funnily enough thats where the 'bars tool' touches , have fun trading risk sensibly.