Hello Traders,
Although my long term bias is LONG on this pair I feel a good low risk, high reward trade has presented itself.
Nice and simple, long term support acting as resistance, nice gap between here and the next support.
Trade safe people and always prepare for all outcomes.
Morning Traders,
I am not going to delve into this too much as my post from last week covers my thinking behind this. We are agian testing the 109.70 resistance which has been tested multiple times recently.
I dont normally take out a trade of a friday unless its a short target T/P. But if this goes the correct way then i dont mind holding it or possibly...
Hello traders,
This is one for everyones input, i was having a little mess around with the charts before and a couple of interesting potential moves stood out to me.
I honstly believe 5000 will be tested again, the green support level at the bottom streches back to 2016, with dec/jan 2019 also supporting.
If we dont break below the red support which began in...
Morning Traders and Happy New Year,
I hope 2020 is a great year for everyone and a successful one.
So I was having a look at the GBPUSD pair this morning and believe we have potential for some short trades in this ascending bullish channel. No specific entry or
My main reason behind this published chart was the fundamental factors working in the background....
Hello Traders,
I have opened a short on the USDJPY pair, i feel that on the daily charts the struggling to break the 109.70 zone.
We have a long term resistance starting from OCT 18 and i just cant see it breaking through, unless we get some very good economical data or trade deal news with China i can see this pair falling.
I feel even with good news, that...
Good morning all,
Bitcoin is like a pressure cooker at the min, a real Mexican standoff. The volume is extremely low for this time of year and it is coming to decision time.
We are in a trade channel of about $2000 between long term support and resistance. In my opinion a big short or long is on the cards, I would just wait for some confirmation or indication...
Good evening traders.
I thought I would share another stock I really like for a couple of reasons. CGC is at a great entry price, even if we fall lower good dollar cost averaging will leave you in a good place when we return to the upside.
So my first reason, so called pot stocks have been getting a bashing by the media the past 6 months(just like crypto)...
Morning Traders.
I have been buying MGI from around the 2.60 area, I only entered a portion of my holdings as i felt that the 2.00 region would be met soon (as shown on twitter) I was happy to average from this zone down incase the bullish flip happened sooner than expected.
We have a double bottom at the min around a good support region. This again a great...
Ok guys and gals, I don't mean to be the party pooper but this just doesn't appear right to me, Yes so BTC is on the up and performing great over the previous months. I just don't believe we are ready for any bull run yet and cant see the driving force behind this move to the upside.
I want a bull run just as much as the next investor but I would like to see...
Great risk to reward ratio on this one, Approaching long term trend line. 200+ pips if this one plays out. Very Basic stuff, sometimes just because its basic and not all fancy indicators.
What's the old saying about always re visiting the gap.
XRP is still ranging inside a wedge, which as we know will give at some point. I am still very bullish on XRP. The zone when I am expecting a huge break out just happens to fall in line with the new UK tax year, very interesting if this happens to play out.
I have set out my targets which I will be using as trading ranges both long and short. one final drop to...
The pressure is really building now with XRP, both the 7 and 30 day MA's are on the rise. I am looking for a break to the upside and have two targets in mind. T1 is in the 0.35 region, a bounce from this zone heading back down to 0.33 could be a great indicator of bullish momentum, with previous resistance then acting as support. If this plays out then heading up...
Ok..... so I have never traded or even looked at a gold chart. After spending some time this morning looking at the chart and into some fundamental data, I am looking towards some bearish momentum forming. I have two targets identified for short trades. A long term support trend line sits below T2 and a bounce of this could present a great long opportunity.
I...
XRD is testing a long term trend to the downside, I expect this to rebound and head north testing the top of the wedge formation we have developed, exciting times ahead if we get to the point of this wedge formation because something has got to give, if it heads to the downside past this trend line then I see the potential for huge spike down, but it wont be...
Very Basic Stuff, if you trade trends, reversals, indicators even volume. I believe this move ticks a lot of boxes. The Stop loss is totally dependant on your trade style. There is plenty of meat left on the bone from my take profit marked on the chart if this trade heads south, but that's my style I am happy to get out early and sit back waiting for the next...
