My opinion on GBPCHF is the price might touch the 50 SMA before continue to the downtrend or uptrend. But let see what the daily price action gives us for tomorrow. Patience is one of best weapon one trader must have . Good luck guys
Looking at the market structure of Gold. It looks like a nice retracement at fibo 50% level supported by the previous support level that might become a resistance level. My bias is short on Gold. Let's wait for the market open on sunday. Good luck guys.
Personally, my bias is long for this pair. There's a probability that the previous support at 0.76616 will become resistance level. That's the target for TP. But looking at the chart, the price can also go down to as low as the 52 week low level. Just keep in mine that we will never know where the market might end up, we only can analysis with the best setup and...
Looking at the weekly chart to counter trend this pair. Target to go down at least to the previous resistance level(purple line). The trade set up was on daily and I was late to enter the market last week when a shooting star was formed.
The bull fractal was broken which indicates high probability of a new trend to be established. Be always aware that the price may also continue to go down and may also go sideways. My bias is bullish :)
I was stopped out from my set up to counter trend trade this pair. Well, I'm disappointed but losing is part of trading and as long as I know how to manage my own risk on every trades, I'm ok with it. I'll keep watching on this pair if the price can break the resistance level and wait for price action on the pullback to take long position. If this pair does not...
Daily chart: The price has reached resistance level. If the candle completed forming a reversal candle then we might have an opportunity to counter trend trade this pair to at least pullback to the bull fractal zone mark in green box. Let's wait for a good reversal signal this week. There might be no signals because no one knows where the markets will bring you,...
Counter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is...
Counter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is...
My bias is long on usoil. The 4H chart shows my idea on getting into the trade. My view on the trend is bullish based on the daily and weekly charts. Other important infos that I looked on are the 2 hammers with long tails indicating buying pressure laying on the previous resistance level way back in 2015. My opinion is that the resistance level has been broken...
