I have a bias to SELL side triple top at 86.860 ( pink zone ) price is under 50 & 200 EMA. and break down the trend line
XAUUSD pair is at crossroads. It is working towards figuring out whether to breakout bullish or breakout bearish. It has been bullish as it stands and I am waiting to see if it will respect the support lines at 1171.02 and if it does then we keep moving upwards bullish in an upward trend line. If it does not respect that support line then we will have a chance to...
This pair is on short long term however for swing traders, you have opportunity to go long at your precedence. However note that the market has it's own mind and might not necessarily follow the swing patterns however the key to note with this pair is first of all it's bearish long term and it's a trend. Secondly the point C on my chart if the market respects the...
This is one pair that has been bullish for a while in the long run however it seems it has hit it's mid-year highs and it's setting it's eyes on a nice short downwards to even the levels of 1.07 When the markets open tomorrow, I will be looking to short this pair instantly and forget this trade for like the next 3 months and watch what happens to your account....
I posted a few months back stating 81% of retail traders were short already on the SP500 and even though it looked like a decent time to go short, it's a good practice to not follow the crowd when you're investing. Fast forward to now and they have either liquidated their positions, incurred large amounts of swap fees or are close to being margin called by their...
HI Guys As i already updated USDCHF higher time frame chart on Monday I'm anticipating USDCHF to go up But as per short term structure I'm Expecting last Move to the down side But It will not Go So far as far I'm not interesting in Short move to the Down Side You must need to have some Skills to Enter and Take profit Quickly Use some money management and Trade With care :)
TVC:DXY has been continuously falling since mid *Dec 2016 and currently there are no signs of this downtrend reversal. The minor bearish Wolfe wave is currently shaping and once formed, it can become an interesting sell entry point. GL and profitable trades!
Keep an eye of on dollar index. we either going to get a bounce or a break so look out for price action around this area
I expect price to decline in 3-waves from the resistance highlighted. I want to take this trade though the bearish move is expected to be corrective. I love trading Elliott wave patterns that complete at viable levels. What do you think?
Plot standard deviations (SD) 1, 2, 3, 4, 5, and 6 for the 50 SMA along with the 2 ATR and 3 ATR settings for the Supertrend (ST) indicator (found under "public" for indicators). The idea is to use the 2 ATR ST and MACD as filters to direction of trade and to take trades once price is above or below the 1 SD bollinger bands (the first band around the 50...
This isn't a trade system that I've used, but one that I'm planning to experiment with after getting decent results with limited back-testing on only Bitcoin (thus, I'd probably only use it on Bitcoin, for the moment). Pretty simple rules, but it seems to be an effective profit-grabber with decent success rate. What do you think?
Good confluence between a head and shoulders forming, a counter trendline test and a fib retracement.
This is a Short term swing buy. The criteria This trade is based on the potential formation of a reverse "j-hook" pattern, support and resistance re-testing and momentum of the stock. AAPL has broken above the resistance at 133 and is itching to retest it. When it retests at around 133, I will place an order to enter at 138, It that order gets filled at 138,...
A 2618 Trade Setup has just emerged on the 30M time frame. We are now Short at 116.887 with Stop level at 117.200 and Targets 1 - 116.546 Target 2 - 116.205 Target 3 - 115.653 Goodluck!!
Strong technical pattern, price likely to test the figue at .69 GDP figures out for kiwi later tonight, could see strength of this level. will consider a long trade. Follow me if you like my analysis
Going to play either a momentum long move with a 61.8% retracement, or will be short the market at the 127% extension. Planning to let the market decide where it wants to go and take a good RR. Both trades are over 3:1 risk reward: LONG @ 1.7740 S/L @ 1.7594 TARGET @ 1.8150 SHORT @ 1.8030 S/L @ 1.8105 TARGET @ 1.7820