DrBear

DrBear

HI Team See my latest long-term analysis for this pair. WE are just about to enter the mentioned short positions and should see ourselves slowly work down towards the marked levels. My advice is to WAIT until you see rejection from the major level and 0.618 Fib, WAIT for an ascending break of descending short term trendline, and only then enter. If we hit...

DrBear

Hi team! See analysis on my previous post. Please like comment and share! Good luck, trade safe. DrBear

DrBear

Hi Team Here is my GBPUSD overview, after requests to do what I did for EURUSD. We can see that we had a breakout on the daily time frame from the major descending channel. We are now in a slow-moving ABCDE Elliot wave correction on the daily timeframe. The overall structure is of descending wedge or perhaps bull pennant formation. IMPORTANTLY, we can see...

DrBear Updated 

Hi guys My last post on gold saw us hit TP1 before reversing and breaking out, changing from bearish to bullish momentum. Hopefully, some of you caught the profit from that. Now that the picture has changed, we have an opportunity to make money on the retest of structure. Look for a break up of the trendline marked on the chart, either once it touches the...

DrBear Updated 

Hey team Please see the last two posts. We are expecting to push up to stage E of Elliot correction, so let's utilize it! Keep SL tight, TP at Fib level. Good luck, Trade safe DrBear

DrBear

Hi Team Here we have the first of three posts on EURUSD. Too often we get bogged down by the minutiae of small market movements, not taking into account major market sentiment and long-term trends. For those of us that use fundamental analysis, this is a potentially fatal mistake. The lovely thing about EURUSD is that it is the most heavily traded forex...

DrBear

Hi Team! Spotted this nice rejection from a daily channel here on EURGBP. Considering we are expecting EUR strength, this looks like a solid jump. SL below recent low and daily channel support. Good luck, trade safe! DrBear

DrBear Updated 

Hi Team Simple is best, don't you think? I have tried to make this chart as easy to understand as possible. CADJPY is approaching a double top imminently. We may break before we reach it, but given CAD strength this week, I suspect we will go right to the top. Stop Loss just above the top of Daily channel - from May '21. This is a high probability, high...

DrBear Updated 

Hi team! We broke above SL last week. We are now at the end of an ABC correction within an ABC correction...within an ABC correction!! Obvious with hindsight, but with the uncertainty of Big CAD news Friday, was hard to call. I expect the price to drop from where we are. We can either get a sniper entry with SL just above channel resistance, or a safer stop...

DrBear Updated 

Hi Team We are at D of an ABCDE Elliott wave correction on the daily time frame here. We are approaching the resistance of this major channel and showing rejection wicks on the intermediate timelines. Enter on the break of marked trendline, Stop loss just above major channel. This is a high probability trade worth at least 250 PIPS! Please like, comment,...

DrBear Updated 

Hi team! Quick scalp idea for you - advise SL tight and enter as buy stop. Good luck and trade safe - and be quick!

DrBear

Hi Team! This is a quick setup if you prefer not to wait for some of my longer trades. Crypto is always very volatile, so if you hit SL please do NOT re-enter and give money back to the market. We are approaching a strong 4H resistance channel, and I am expecting rejection. The TP level is the resent 4H support. Like what I do? Please comment, share, and...

DrBear

Hi team Simple analysis. Seeing clear correction on 4H timeframe, approaching previous high. Great opportunity for a sniper entry! Good luck, trade safe, and please like comment and share if you enjoy what I do. DrBear

DrBear

Hi team This one will take some patience, but the analysis is beautiful. Another setup is hidden in a minor pair! Remember that two sniper wins out of 15 will more than double your money. IF you hit SL, do NOT re-enter. Risk management is very important. The BIG move will be short once we reach TP3 - I will post closer to the time. Good luck, trade...

DrBear

Hi Team! This is my trade of the week for next week. It's a clear entry and exit, good confluences, and clear chart patterns. Currency: We are expecting JPY strength very soon We are seeing neutrality with INR News: There is no medium or high impact news affecting either currency in the coming week. Chart: We are in a clear descending wedge pattern on...

DrBear

Hi Team! Here is an excellent chance to enter this pair if you missed my last analysis. So far every single analysis I have published for this pair - for free - on TradingView has hit TP. This is a really simple pattern - a double top is typical of reversal, and also gives a clear invalidation level, allowing us to have a tight stop loss. Personally, I...

DrBear Updated 

Hi team, Here is my Monday trade, provided in advance out of the kindness of my heart . T his is going to be HUGE. Enter on the break of trendline, ideally after rejection from marked resistance. Stop-loss to just above previous channel highs. I will be collecting profits at: TP1: Circa 128 TP2: Circa 125.2 TP3: Circa 121.8 This is a high...

DrBear Updated 

Hello guys! Welcome to my trade for the week. Here we are expecting CAD weakness soon, and CHF strength as the recent USD highs start to wane. This is a fairly simple analytic setup, with clear recent limits, and some nice impulse correction patterns developing in the mid-range timeline. I have marked out the corrective trendline, including the smaller...