Fri 18th February 2022 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified A new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
Dailycharts
Mon 14th Feb 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a EUR/CHF Sell, EUR/JPY Sell & EUR/USD Sell. Watch the overall risk due to the high correlation between these trades, as all involve the EUR. Enjoy the day all. Cheers. Jim
Wed 9th February 2022 EUR/AUD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 1x new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/AUD Sell. Not the best pair to trade on the Daily charts these days, but a valid signal all the same. Enjoy the day all. Cheers. Jim
EURCHF Trendline touch and on up it goes.I have 2 strategies one is the 73% fibo and the other is trendlines with similar rules. Sometimes you can be closed out of one only for the other to become valid and rules are rules, you need to take the trade. So here we go long for a 7-1 RR ratio back up to the 38.2% retrace. Most likely if it comes good I'll take some off and let the rest run up. I'm long now so let's wait and see.
Short squeeze by swing Trading with daily or hourly chartIt's simple to understand video on how you can profit from short squeeze by swing trading using daily or hourly or any intraday time frames. this video should help you understand how trade these kind of category stocks with potential. if anything to be clarified, please do write me back. Thank you.
XRPUSDT After Retest Will Go Up
Welcome back Traders, Investors, and Community!
XRPUSDT has been moving in the Ascending Channel and after the breakout, has gone for the retest. It’s going to go up soon.
⬆️Buy now or Buy at 0.9528
⭕️SL @ 0.8716
✅TP1 @ 1.09
✅TP2 @ 1.30
✅TP3 @ 1.45
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Current New XAUUSD Trendit is now oversold on the daily chart as well. I suspect a bounce off this support due to the RSI and current price action and a channel forming before taking on a newer high or newer low.
Also, lots of the news surrounding Gold has been both positive and negative, leading me to predict with an edge that there is a new neutral channel in play.
NEM : Daiy chart, pullback expected - minor cycle bottomNow that we have looked at our view on weekly charts, lets look at the daily charts. (attached below the analysis on weekly charts, better t read that first to have the forthlooking view)
Weekly chart on the minor cycle suggests a minor pullback in the beginning of March 2020. As we are aware, price may bottom a few candles around this and we may expect last week of Feb and the first week of March to show a minor pullback. Price around $42 and $41 is an important cycle resistance/ support zone from previous weekly cycles.
A look at the candles and we can see some signs of signals of short term market overbought conditions and also RSI showing overbought status.
Wait for the pullback and then price may retest the upper resistance zone
Look out for more action on this!