EURGBP 2H Possible entry to buy at level 0.85411 approx. The price has broken the downward trend line that was formed on February 26, 2021, we are looking for the pullback of that trend line to enter a purchase. We will look for an objective in the resistance marked above, but with a partial closure, in the first resistance, since the structure of the pair, in...
EURNZD 2H Possible entry into purchase, at level 1.66047 approx. We are looking for the price to make the pullback from the break of the downtrend line, and look for a movement from the support to the highest resistance marked on the chart. Currently the price increases respecting an uptrend line, which we can see in timeframes of 1h down. The stochastic is at...
BTCUSD 1D Purely bullish trend, the candle at the close of today, is important, it could determine a resistance, which could cause the price of bitcoin, to make a correction to the marked level of 42000-43000. The price in the case of making a correction, could go down to my marked level, which would be the neckline of the double top pattern. I would like to...
XAUUSD BUY MY PARMETERS: TAKE PROFIT: 1736.75 CLOSE PARTIAL: 1719.68 STOP LOSS: 1694.48
EURAUD SELL MY PARMETERS: TAKE PROFIT: 1.52848 CLOSE PARTIAL: 1.53575 STOP LOSS: 1.54562
REVERSAL CHART PATTERNS DOUBLE TOP It is a reversal pattern in an Uptrend, where market creates exactly two tops on the same price level. There are 2 types of Double top 1) Traditional Double Top If each top gap is within 9 months, then it is called “Traditional Double Top”. 2) Cyclic Double Top If each top gap is more than 9 months (or) If the time taken to...
CONTINUATION CHART PATTERNS RECTANGLE CHART PATTERN Rectangle shape formed in the chart when the market is moving up and down between horizontal support and resistance levels. The market takes a long break from the trend move and it keeps moving up and down between the certain price level. During a trend, when the price starts moving sideways forming a...
EURNZD 1H *PREMIUM FREE* Possible sale in the next support. The price would coincide with the bearish trendline that has been formed from the last 2 highs. There is a possible symmetrical triangular pattern, entering a position before the break of the pattern would have more risk, since it would be to determine the direction before seeing the route, so the...
NZDUSD BUY MY PARMETERS: TAKE PROFIT: 0.72325 CLOSE PARTIAL: 0.71892 STOP LOSS: 0.71267
WHAT ARE THE MAIN EMOTIONS WE FACE WHEN TRADING? 1- FEAR: “The mortal enemies of the speculator are: ignorance, greed, fear and hope. (Jesse Lauriston Livermore) " -Do not open a position out of fear: it is a common mistake in trading, and it is something that we have to learn to eliminate from our operations. When we sit in front of the screen to carry out...
USDCHF 4H Structure of the pair in higher bullish timeframes, it is a risky operation since the price during the last weeks, has risen with great force. The price has broken the uptrend line that we had, now it is forming the pullback. It would be necessary to confirm the operation with a sail pattern in timeframes of 1h and 4h. It could be a simple pullback...
WHAT ARE THE MAIN EMOTIONS WE FACE WHEN TRADING? 1- FEAR: “The mortal enemies of the speculator are: ignorance, greed, fear and hope. (Jesse Lauriston Livermore) " -Do not open a position out of fear: it is a common mistake in trading, and it is something that we have to learn to eliminate from our operations. When we sit in front of the screen to carry out...
XAUUSD Possible entry into longs in the xauusd at 1698.54, the price has formed a descending wedge, which has already broken, now we wait for the pullback to enter. The price touched a very important monthly bullish trendline, it also touched a trendline of the bearish channel that has formed since the last historical high of gold was made.
EURAUD 1H The price is in a support that it has respected during the last week. The price could be forming a bearish channel to break that support. In my opinion there is a possibility that the price will take an upward momentum to the level marked on the chart. To enter a long position, we would have to see that the price respects the support and find a...
CONTINUATION CHART PATTERNS: BULLISH PENNANTS A bullish pennant is the exact opposite of a bearish pennant. It is a continuation pattern that marks a pause in the movement of a price halfway through a strong uptrend, giving you an opportunity to go long and profit from the rest of the price rise. Bullish pennants occur just after a sharp rise in price and...
CANDLESTICK PATTERN: BULLISH ENGULFING The bullish engulfing pattern is formed of two candlesticks. The first candle is a short red body that is completely engulfed by a larger green candle.
EURNZD BUY *PREMIUM FREE* MY PARAMETERS: TAKE PROFIT: 1.66992 CLOSE PARTIAL: 1.66400 STOP LOSS: 1.65822
CANDLESTICK PATTERN: INVERSE HAMMER Upper wick is long, while the lower wick is short. It indicates a buying pressure, followed by a selling pressure that was not strong enough to drive the market price down. The inverse hammer suggests that buyers will soon have control of the market.