Short like Danny DeVitoAs we can see there is a strong resistance line on the 4h chart ( pointed out by our purple arrows ) and we also have 2 very strong trendlines formed ( pointed out with red arrows is where price has respected these )
All analysis is pointing south of the border with bears well in control, we are expecting price to continue respecting this resistance level and our trendlines, so we are in a short position at the moment.... SL and TP are reserved for our clients.
Although we are in a sell position we will be keeping a close eye on the break of these 3 important levels as a break of these could see price suddenly push higher.... and we always want to take advantage whenever we can :p
Freemoney
GJ Lovely Long Trade.... Thank Us Later 142.083 is an are that has previously been used as old resistance and more recently it has turned into a key support level, Price is currently at this level now so we are expecting a bounce and a possible run upto our TP zone ( blue box )
On the chart we have marked out with purple arrows where price tested this level as support and the blue arrows show where price tested this level as resistance ( we do this for the traders without much experience )
What goes around comes back around1.81407 before has been used as very strong resistance level.
More recently price broke through this resistance level and shot up, now we are seeing price slowly work its way back down to this level after the killer drop today ( which we predicted, check our last chart... your welcome ) we could see price use this as support again.
So we are expecting short term movement to the downside and then a possible bounce and bullish movement from the 1.81407 area.
GBP JPY getting ready to take a dive... best get your snorkelKey resistance 145.792 - Price has been respecting this level historically, it has also been respecting a trend line over the past few weeks but once price broke out this trend line price shot up.
Now price is coming up to retest our strong resistance, and price WIL bounce and make a big move to the downside.... you heard it here 1st ;p
GBP AUD what did the TITANIC do? GA will show us....1.84344 area of STRONG resistance... how can people not trust such a strong level? must be drinking too much fluoride.
Anyway... we have marked on our chart with purple arrows where price has hit this resistance level and then bounced, historically once price has hit this level there have been aggressive sells ( price drops considerably ) This tells me that the big players have set orders at this level, so why don't we jump on and enjoy the money making ride :p
Price did break in October then came down to retest resistance as support, price then broke through our level and sank quicker than the Titanic.
Recently ( Friday ) price finally made it back up to this level and again failed to break out and close above, we had a fake out where price went above 1.84344 but the bears soon pushed it below just in time for market close.
Due to hoe strong this resistance level is and the long upper shadow on the previous daily candle we can only see further movement to the downside.
EUR GBP resistanceAs we can see this pairing broke a strong support level of 0.87864 on the weekly chart and then sank.
We can see some possible support coming up at 0.86324, so a chance for a possible long, we will be keeping an eye on it and trade will be sent out to our clients when trade becomes valid.
CHF HKD support stronger than the hulkSupport of 7.85993 is stronger than the hulk on steroids, this level has been hit more times than the back of Burton Albions net against Manchester City.... infact if you don't class this as strong support then close your laptop and stop trading.
we will be setting a buy order a few pips above current price to allow for the re test of this level..... Thank us later when you are counting your cash from this free trade.
EUR USD update LONG!!!Price broke out our wedge formation ( check previous chart ) and rallied breaking resistance of 1.13836 and is now using it as a strong support level, We can see price reaching as high as 1.14838.
Remember to use correct risk management and only use our analysis if it lines up with your own analysis.
EUR USD ready to EXPLODEWe can see over the past 3-4 days on the 4h chart that price has been squeezed into a wedge formation ( green trend line and support line ) When this happens price breaks out and explodes so we will be keeping an eye on the breakout to the upside with potential to go up to 1.14800.
We will set an order a few pips to the upside just outside this wedge, so if price does breakout in a bullish movement then our order will get triggered.
EUR GBP clear as dayIf you can not see how strong the support at 0.87310 is then you should really go away and learn some more.
We are looking for price to re test this price and bounce, we can see a good level of resistance at 0.89282 which again may act act as a wall and bounce, but we will keep a close eye on this pairing if it did try and test this resistance level.
To sum it up we can see price moving further to the downside.
This pairing will experience quiet a lot of volatility as key brexit votes take place this week, but we are using that to our advantage.
Remember to use correct risk management.
GBP USD hitting old resistanceAs you can see from our arrows on the 4h chart that price has touched 1.28802 a number of 17 times just in this chart, this is classed as strong resistance and not to be ignored.
The current 4h candle that is forming is hovering around this resistance level at the moment and has already touched this level and retraced a little, this gives us an indication that it may be used as resistance yet again.
Now we have stated before that there is no need to wait for confirmation candles at such key levels as you may miss out on a good opportunity, so we are in this trade but with a tight SL.
We are looking at further downside movement to around the 1.26230 level and could even break and test 1.25362 support, but remember don't get too greedy when trading as the market will eat you alive!
And ALWAYS use correct RISK MANAGEMENT.
GOLD where the big players set ordersMarked on the chart you can see some key levels 1356.478 ( resistance ) 1297.420 ( resistance ) and 1182.906 ( support )
You can see that price has touched and bounced off these levels 10+ times each, why do you think this is? this is because the big banks and the big players in the game set orders at these levels ( big amounts of money ) this will make the market move in the direction they want ( manipulating the market )
Now if we can identify these key levels that the big players are getting in the trades then we too can benefit from these, this is all we need key levels of support and resistance! Because if you spot these levels but wait for candlestick confirmation they you will probably miss the trade and loose out as the big players would have made there money and pulled out.
Keep an eye out for these key levels, and remember the HIGHER the chart timeframe the more RELIABLE the support or resistance level will be.
EUR USD bears continueBears are strong with this pairing, we can see further downside movement as far as 1.13075 support level, price bounced off key resistance at 1.14039 and is ready to sink.
We could see some support at 1.13470 that has been used as support and resistance before, but this should only be a slight pullback which will provide good opportunities to add sell positions.
Remember only use our analysis if it lines up with your own analysis, and always use correct risk management.
EURJPY 1HForeverFX Here With Our First Analyses; Please Be So Kind And To Give Us Some Love. Support & Resistance Levels are shown and if you place this trade I hope you enjoy, Yen news is out Thursday and it's looking positive for the interest. We are predicting a strong Yen of 2019 the year of the emerging markets! Especially when the Olympics is hosted there. That's not all too relevant as this is on the 1H timeframe, though. Something definitely to take into consideration though.
FB: mid term bear market preparationI don't like the situation around facebook, I don't like their model and the fact they attempted to lie about it, and they are already behind the market as far as performance. They focused too much on cashing in early and didn't listen to their consumers and Instagram is pushing forward.
I have FB at 73.21 inside 6 - 8 months.
156.43 was the acceptable bottom from the technical bullish setup we saw late October, and this is why we go on technical stops and play patient in the overview.
AMZN: mid term bear market preparationThe RSI indicates the potential for a bottom attempt. This TA matches the supp/res shown as 1339.7 is our pivot point in the overview. Below the 1339.7 support we would expect quick movement towards 856.2 and in the worse case parabolic movement we should expect a bottom around 695.06.
MEET; channel overlap b/o possibleAn excellent question by our member @Jabda#8321 on MEET
We see a channel from 3.24 - 3.96 with an overlapping channel at 3.69 - 4.37
as this is being played now it's attempting to reclaim the mid range of the first channel or the bottom of the second at 3.69, either way this looks strong for a continuation above 4.01 (the 200ema from the daily)
We are in play long above 3.69 :D
Altcoin selection, Day #2: MCOBTCI selected this coin from two reasons. I dont want to hold unused bitcoin on exchanges and second, it looks like something is going on silently in the back. Altho the BINANCE:MCOBTC is relatively expensive, I alway like invest in coins based in asia. and the drop already happened. If we take into the considsration, that BITSTAMP:BTCUSD price drop didnt affect price of BINANCE:MCOBTC at all, I am looking forward to first correction UP. I hope you catch some good entries and dont be foolish when holding the positions.