If this trade doesn't go down i will personally slap the Queen in the face with my sausage "Oooo Philip i swear a snake just jumped up and hit me in the face" The dirty old woman would probably love it.
As we can see this is a strong setup with 3 confluences as explained on my chart. The more confluences that line up the stronger the trade setup and also the...
Yes if we went to an orchard.
On a more serious note YES we could see 1000 pips from this trade, I am expecting price to drop as yesterday we retested key resistance so next week we will be expecting to see bears take full control pushing price down with the occasional bullish bounce at key support levels marked by my purple boxes. I am expecting price to make...
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Here we can see i think price will bounce in-between support, resistance and trendlines, the direction can be seen on my chart.
I will be setting some orders to catch these moves and not just jumping in a trade at market open, if you run round like a headless chicken in the markets you...
Taking a look at this chart you can see that we have 2 trendlines and the 3rd touch on both line up perfectly, these also line up with strong support so this is a strong BUY signal that can be taken with a tight stop loss.
It is not very often you get 3 confluences that line up as perfectly as this, so when you do grab the opportunity with both hands.
Another SHORT on the GBP I have. Looking to enter tomorrow with the right confluences to make the trade more in my favour. I am looking retrace up to the pevious level of support and a touch on the descending trendline. I want to see a bearish candle close when touching these levels otherwise I wont be entering. With the reaction off of the previous support and...
Today I have a brief analysis on GBPCAD.
Friday we seen a release of CoT Data by CFTC.
What opportunities have arisen?
As you can see by my chart, I'm expecting a buying opportunity, backed up by bullish CoT outlook on GBP and bearish on CAD.
An increase of 9.5K roughly net positions for GBP and a decrease in CAD's net positions.
Major resistance are broken, In the Hourly chart you
can see the inverted hammer formed,looks like the another trend reversal is on the way.
Support level 1735 zones
Major resistance level 1755 zones
what you guys are thinking right now?
I am bullish on gold.
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Just like you should always mark out more than 1 area of interest on your charts to give yourself that edge over the markets because without this edge you will literally be F@CKING yourself.
On my chart i have marked out 2 areas of interest for me, both of these areas are shown by my green box and both come on what will be the 3rd trendline touch that also meets...
I have been a fanatic of cryptos as this is the future form of currency and it is an asset to HOLD which is due to increase in value in the coming years (2021-2024 Cryptocurrencies BOOM)!
ENTER AT OWN RISK, MUST TAKE RISK MANAGEMENT PRECAUTIONS
- Short-term SHORT - Long-term LONG
- Price approached golden zone (61.8 - daily HH to LL) in previous week...
After weeks of jpy falling against the dollar, jpy was able to pull out of its cloud computing course, leaving the cloud not an hour to buy, but the price could touch the first resistance and if the resistance breaks then the next resistance is coming.
And according to the downward trend of the usd / jpy analysis so the jpy / usd currency pair can...
1) Price has formed a double bottom on the daily chart
2) Price has rejected this support previously more than 3 times
3) I dont have a 3rd confluence, hence I may wait this one out until I see another confluence
1] I will be looking for comfirmationm with some kind of candle pattern such as bullish engulfing.
Looking for a Long (Buy) trade. Risk to reward is...