As we can see in the charts are our previous W pattern breakout to the upside we have a potential huge bullish signal ahead. I have taken all profits at around a 9% profit scaling from $53,150 up to the $58,000 mark. Now we can see more potential for the coming days and weeks ahead with what could be considered a bull flag, in my opinion we can see that if we can...
usdjpy shorts, reason being is we had multiple confluences to take this trade:
.over extended in the daily
.expect a pullback to previous point of structure
.h4 break of structure
.h4 entry signal in the form of an evening star
we then set a sell limit for 50% of the evening star and was wicked in to go straight into profit
Following the recent pump on silver up to around 30, many have been scratching their heads about the dump down to around 26. There is word on the block that Silver is heading to 500 but the so-called gurus are not saying within what time frame that might happen.
The chart time frame shown is a macro-economic one - the weekly. Always look higher.
heres my analysis on the major EUR/USD. you can become complacent and just do your analysis from week to week or when every you guys do it, but sometimes you have to look at a pair in a little more detail.
this weekend ive looked at EUR/USD's price action in the past and the potential move that we could get. a lot of people would say this is ambitious, although...