Looks like the Canadian dollar has been in a crazy downtrend for quite some time but because of the price action I see printing on this powerful zone(4HR ZONE), it looks like a high probability setup for a long position. I think targets are extremely important for this trade to be successful so is it important to not be greedy my friend. Find the nearest zone of...
Possible head and shoulders playing out right now. Price is in an uptrend but I do see cause for some pips on a short term reversal. Target is the nearest zone of support(last candle stick up before a downward/upward move). As always, Risk to reward is 1:2.
Hey guys another position I have taken here on gold. The unemployment numbers were acuatlly better than expected this go round so I was expecting gold to completely melt. Maybe other opportunities to hop on this trend as I do believe it is a swing trade. You may not see it but my stop loss is only 9 pips. I'm not supposed to be trading gold cause she doesn't treat...
This is acutally a trade I entered yesterday. Entry was .89321, TP .90359(100 pips), SL .88933(37 pips). Played out pretty well and do expect it to hit the 100 pip take profit although I already closed my position around 75 pips. Simple strategy, Price is above 200 EMA so we look for buys. Price is below zero level on MACD so we wait on cross to the upside and...
Price has reached a strong resistance zone and has printed a nice bearish kangaroo tail(hehe) which means we can possibly see price retrace back to that beautiful 618 Fibonacci zone which is also a previous level of resistance. This level has yet to be tested as support so I do believe that price will come back to this level before continuing its bullish momentum....
The Euro has shown quite the momentum after a day of low volatility on Monday because of Memorial Day here in the United States. I see an ascending triangle making higher lows but not able to break through a resistance level on the 4HR and make higher highs. I would like to see price retrace back to the 618 Fibonacci zone before ultimately continuing its bullish...
A huge drop in price on bitcoin has me thinking that price could possibly continue this downward trend. Since price has broken below a 4 hour zone when looking at the one hour time frame, we could see price retest that zone and continue its momentum downwards. I do see a railroad track candlestick possibly forming on the one hour and price technically hasn't...
Symmetrical triangle forming on the 4HR time frame. I see price retracing back to the 618 Fibonacci zone before continuing bullish momentum to break out of the triangle. Several bullish confirmations are all happening at once with price being above the 200 EMA and a cross that just happened below the zero line of our MACD indicator. With NFP reporting tomorrow...
Price is below the highly renowned 200 EMA which gives me the utmost confidence in shorting the Euro but only under certain conditions. Since price has already broken and retested a zone from the 4 hour time frame, I want to see price pull back to that zone and possibly make a strong push to that 618 Fibonacci zone for the perfect selling opportunity. As always,...
AUDUSD has just broken out of a trend line to the downside. I see price pulling back to the golden 618 Fibonacci zone before ultimately skyrocketing and continuing the bullish momentum.
So im going with a completely different technical analysis strategy on this one. I am testing out a improvised MACD strategy combined with the 200 EMA. MACD has given a sell signal and is above the zero line. Price is below the 200 EMA so this strategy says sell. The only way to know if your strategy works is too take every trade set up where your confirmations...
US30 has been extremely bullish and with the recent pullback from a zone on the 4 hour time frame, I see an even stronger push to the upside back to the same zone and possibly even further. I want to see price drop a little more to that golden Fibonacci zone that I have encased in a green box. Take profits are around 1000 pips apart. I usually scalp US30 but I am...
Possible head and shoulders pattern on the daily time frame could mean a huge drop for the pound. Price has already reached a trend line and has shown some good rejection so I am confident that the pattern should play out as expected. I personally entered this trade by way of market execution but waiting for price to break below the daily time frame and entering...
The Yen has broken a strong support level on the daily time frame to the downside and could possibly continue its down trend after the support(now resistance) has been retested
Price has reached support on the daily time frame so a huge trend reversal could be coming in the following week. If price continues to trend upward and breaks and retests the most recent resistance zone on the 1 hour time frame, you can expect price to continue its upward momentum towards the next zone on the 4 hour time frame. I have placed the fibo tool on the...
Bitcoin is approaching a resistance zone as well as downward trend-line on the daily. I hope to see bitcoin either drop at the resistance and rise to the next zone, however, an overall correction in price could be imminent.