- Stochastic Oscillator dwelling in overbought territory - Pair possibly in a downtrend
Here is my two yestarday´s levels from my Members area. ( Both ended up in profit ) Let me explain my how correlation between EURUSD and USDCHF works and how you can look at the charts. EURUSD and USDCHF are negatively correlated (correlation almost -100%). If USDCHF falls, then EURUSD should rise. If EURUSD rises, USDCHF should fall. This means that in...
- Price oversold on Stochastic Oscillator - Price experiencing instability at strong support level
The week ahead looks positive for the EURO as Friday's close saw a Hammer Candlestick form on the support level generated from June 2017. Near term, fib levels suggest that we will see some stalling or reversals between the 38.2% (1.1344) and 61.8% (1.1411) levels. Should we see price continue to rise opportunity lies ahead to run the course to the 100% level,...
EURUSD Where will it go ?
The chart presented is only my opinion. Please do your own analysis before entering into any positions.
Here we have 3 different timeframes open ( 1D, 1W and 1M ) On the same pairing EUR USD, each chart has the same trend line ( TL ) and same support level marked on them, You can see how important it is to put these level on your chart and keep them there because if you look at the 1W chart you can see that price respected our support line in 2003 then fast-forward...
- Price approaching strong support … Pair has only been able to cross once since June of 2017
Trade yielded 1:5 to the TP, but provided opportunities to play around the position in between.
HELLo, WOULD NZDCAD CRASH 400 PIPS IN SHORT PERIOD OF TIME? YES. THIS IS VERY POSSIBLE.
as you see the EURUSD pair is facing a potential reversal zone due to butterfly pattern , But I don't suggest to buy it because it gives us a small target until it face the upper side of the triangle.
HELLO, HERE IS A BEAUTIFUL MA STRATEGY, HOW TO SET IT UP? 1. LOAD MA 21, Linear Weighted, HL/2 (Colour WHITE) 2. LOAD MA 50, Linear Weighted, HL/2 (Colour RED) 3. LOAD MA 250, Linear Weighted, HL/2 (Colour YELLOW) SIGNALS. 1. MA 21>MA50>250 WE BUY, WE CLOSE WHEN MA 21MA50 Extra, 1. MA 50> MA 250 CONFIRMED UP TREND. GOLDEN CROSS. ONLY TAKE BUY SIGNALS 2....
Hi guys, I wanted to share with you a strategy that I am using currently on one of my accounts. The goal is to make this account growing with a target goal of 1 million USD without making any withdrawal. I would call it "The turtle millionaire strategy" . Some of you probably use it or know it but some of you never imagine this possible. YES if you are patient...
We continue to explore different points of entry into the market. Today I want to show you a complex entry point that arises from the analysis of stochastic cycles. As you know, the Stochastic indicator shows overbought and oversold zones. But, personally to me, he helps to find important levels of support and resistance. The essence of the theory of stochastic...
(Review) Definition trend and change of trend ( Trend reversal) EX: Discussion: Downtrend - Definition A downtrend comprises a repeating sequence of: 1) A downward extension 2) A swing low 3) An upward pullback 4) A swing high A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend Uptrend - Definition An uptrend...
We continue to study simple market entry points with you. It is very difficult to find the direction of price movement in the Forex market. That is why the indicators of the triangulation of the moving average look very good in practice. The difference between triangulation MA (TEMA) and simple MA is obvious. Indicators: TEMA, 100. Williams% R, 5,...