We will be keeping a close eye on this trade and you should also, this is only analysis and not a signal. As we can see from the chart that price has been respecting our daily trend line ( TL ) for months now with each retest of this TL coming from a bounce off strong support but then breaking this support. Now price has just recently bounced off another key...
Target 1 300 pips Target 2 700 pips These are big targets but this is because this is a swing trade so will be held over days/ weeks even months sometimes, I prefer these types of trades as the rewards are bigger and you don't have to keep checking the trade every hour or every day and you can just get on with your everyday life. Now the reason I think this is...
Target 1 300 pips Target 2 700 pips These are big targets but this is because this is a swing trade so will be held over days/ weeks even months sometimes, I prefer these types of trades as the rewards are bigger and you don't have to keep checking the trade every hour or every day and you can just get on with your everyday life. Now the reason I think this is...
We can see a lovely trend line formed on this 4H chart and also a strong support area ( red box ) our theory is that price will get pushed into this support zone by our trend line and then break our trend line around our support area. This push will come from the weakening US economy, no mater what bulls#it the government and that idiot Trump try and feed you......
SIMPLE SETUP, price is clearly in a downwards trend and our red box is a clear resistance zone that will also line up with price hitting our trend line....Go for it and treat me to a pint after you make profits.... make mine a strongbow ;p
Our next area of support comes via our red box, this area has been used as very strong support and resistance in the past and this pairing respects key levels very well, this is a very good pairing to study if you are new to trading. So where our next support level lies price should also meet a strong trend line, we will be watching price very carefully around...
Formed we have a good trend line ( TL ) now price is been pushed into our red zone which is previous support, we are expecting 1 more test of this area and then price to break through this TL. We have had weeks of bearish movement from this pairing, but now with May resigning we personally are expecting GBP to strengthen slightly which will cause this strong TL...
As you can see this pairing respected a trend line we have had drawn on our chart for some time now and we are expecting price to make more bullish movements up to our resistance zone ( red box ) USD CAD has been having a lovely push up over the past few days this is because USD CAD has a reverse correlation with OIL, so oil has been sinking which has made USD...
We have 3 key areas or zones marked out on the chart, BTC responds to technical very well so if you can find key zones on your charts you will be laughing all the way to the bank ( well your crypto wallet as banks don't work with BTC ) ;p haha. You can see our support zone ( red box ) has previously been used many times before and most recently price on Friday...
We have 3 key areas or zones marked out on the chart, BTC responds to technical very well so if you can find key zones on your charts you will be laughing all the way to the bank ( well your crypto wallet as banks don't work with BTC ) ;p haha. You can see our support zone ( red box ) has previously been used many times before and most recently price on Friday...
Our purple line we have drawn on our chart is a VERY strong monthly and weekly support level in fact it is so strong we are wondering if it broke into a steroid factory and swallowed all the pills, if you don't believe me then open the chart and take a look for yourself... but of course you would do that anyway and not blindly follow a strangers say so wouldn't...
Our purple line we have drawn on our chart is a VERY strong monthly and weekly support level in fact it is so strong we are wondering if it broke into a steroid factory and swallowed all the pills, if you don't believe me then open the chart and take a look for yourself... but of course you would do that anyway and not blindly follow a strangers say so wouldn't...
Circled you can see where price tried to break support but failed and bounced back up, And as you can see price is currently at this support level again so we are going to sit back and watch what price does before jumping in this trade. A break of such a strong level could see price make even more bearish movement whereas a bounce could see the bulls take over...
You can see price is currently at good support, the red zone we have marked on our chart is good monthly, weekly, daily and 4H support so we can only see bullish movement from here with a possible run up to our resistance zone ( green box ) After a week of bearish power we are expecting the bears to slow down and take a break, so catching these 100 pips should...
You can see price is currently at good support, the red zone we have marked on our chart is good monthly, weekly, daily and 4H support so we can only see bullish movement from here with a possible run up to our resistance zone ( green box ) After a week of bearish power we are expecting the bears to slow down and take a break, so catching these 100 pips should...
Pretty self explanatory really... if you cant work this out then stop trading ;p
This setup is so damn simple and a lot of you traders will overlook it because of this reason as you have been programmed or told that a trade SETUP must be complicated when the blunt reality is that SIMPLE IS BEST. Fu#k your so called mentors off if they are filling your head with this rubbish, check our previous charts on here and you will see how simple and...
This setup is so damn simple and a lot of you traders will overlook it because of this reason as you have been programmed or told that a trade SETUP must be complicated when the blunt reality is that SIMPLE IS BEST. Fu#k your so called mentors off if they are filling your head with this rubbish, check our previous charts on here and you will see how simple and...