BITCOIN, THERE AIN'T NO STOPPING THIS BEASTHey, family! First of all, we would like to wish you an awesome trading week. Secondly, congratulations on reaching $50k! However, the show must go on. The price is super bullish and there are no bears in sight. Our next target is set at $60k based on the setup. The road is gonna be long and bumpy, but we will reach the target eventually.
Feel free to share your thoughts and ideas in the comment section below, fam!
Investroy
USD/CAD, forming a new Higher Low? Fibonacci magic timeThe sentiment is clearly bullish, no discussions. After a massive bullish run last week, a huge correctional move was simply inevitable. As it can be inferred from the graph, the price is wandering around the 0.5 Fib retracement level. We will wait for the price to form a nice Lower Low bottom before opening Buy positions and aiming for the previous Higher High
EUR/USD, correction first, drop secondThe price is super bearish for EUR/USD. A dramatic fall yesterday proved that the bears have the full control of the situation. But before falling even deeper down, some corrections are needed. Therefore, we are first buying and aiming for the previous support turned resistance, which aligns with 0.5 fib retracement level. Afterwards, we will sell from that area and aim for the downside!
Happy trading, family!
GOLD, approaching a huge zone of resistance. What's next?The price has reached a strong level of supply. The bias is super bullish. We are expecting the price to make another drop and hit the zone of support which aligns with the 0.5 Fib retracement level before continuing to fly up an create new Higher Highs
EUR/USD, what is the next move?After a massive bearish move to the downside, a huge correctional move was needed. Now that the correctional move is ready, we will be looking forward to opening juicy short positions. The price needs to fill the imbalance first and grab some liquidity around the 1.81-1.82 region. From there, we will wait for the price to form a nice top before selling. The target will be set at the previous Lower Low
USD/CHF, correction done, time to growAfter a huge bullish move to the upside, some correctional moves were needed. Now that we the price is sitting on a major zone of support which aligns with 0.5 Fib retracement level, we are looking forward to opening BUY positions and aiming for the area identified on the chart
Happy trading, fam!
EUR/GBP, time to SELL till HELLThe bearish for this pair is super bearish . Moreover, as we can clearly see from the chart, the price has pierced through the major zone of support identified on the chart and has come back to re-test it. We are now opening SELL positions and aiming for the previous Lower Low
The Art of Swing TradingHey, family, we are wishing you all a pleasant weekend and coming at you with another educational post. The topic of our article for today is the following: The Art of Swing Trading. As you all may know, Swing Trading refers to the practice of trying to profit from market swings of a minimum of one day and as long as several weeks. But what is it that makes this type of market trading so unique? Let’s follow through and find out!
To start with, Swing Trading is safer than other types of trading such as day trading and scalping. This is due to the fact that with Swing Trading, you are less likely to overtrade, there is less stress and there is a reduced chance of making mistakes. Secondly, with Swing Trading, you are likely to spend much less time on the charts in front of monitors. You don’t have to open many positions within a day as opposed to intraday trading and scalping, which gives you plenty of free time in your hands. You can simply open your positions and then forget about those positions for days or weeks to come. You can go for a walk with your partner, grab a cup of coffee with your best friend, spend a quality time with your family, and do it all without being anxious about your trades. As the golden rule states: “Set (Your TP and SL) and forget”. Last but not least, financial news do not have a huge impact on your positions, as your SL is relatively higher than the Stops of day traders and scalpers. Therefore, you do not need to worry about some random spikes taking you out of the trades.
However, as the famous proverb cites, every advantage has its disadvantage. When it comes to Swing Trading, he or she needs to have patience, patience and some more patience. Swing trades are meant to be held open for a few days of even few weeks (Well, at least till the price hits your Target Profit). And while the trade is running open, you should know how to remain calm, control your emotions, and not to stress out. Once again, set and forget. Do not monitor your positions every 10-15 minutes. Further to that, this type of trading generally requires a huge trading capital, or otherwise, the profits are gonna be minuscule.
When it comes to the timeframes that need to be used, the Weekly and the Monthly are the best for identifying the direction of the trend, the Daily is the best for drawing the key zones and identifying the needed patterns, and lastly, H4 should be utilised for entering and exiting the market.
As for the recommendations part, the utilised risk fully depends on the trading capital. The 1-1.5% risk would be the standard normal. As for the risk-to-reward ratio, 1:3 would be an appropriate one to go with. But remember not to be greedy in the markets. Take your profits and enjoy the fruits of your labor.
GOLD, you can't keep melting for that long!Take a close look at 3 of the last DAILY candles: strong wick rejection after a powerful bearish fundamental move, an indecisive candle, and a strong bullish candle. Those 3 candles have been able to form a nice reversal and we are expecting for the price to play out according to the analysis and reach the targets identified on the chart
BITCOIN, not stopping until we are chilling at the top!The price finally broke out of that nasty range and nicely re-tested it. According to our prediction, there is a high possibility that the price is gonna reach $50k really soon. We don't see any bearish power in this one, as the bulls have captured the throne. Let's keep flying TO THE MOON!
Feel free to share your thoughts and ideas in the comment section below!
EUR/USD, some correction needed before further downside movementAs it can be inferred from the chart, after NFP news release last Friday, the price managed to fall dramatically. Our bias still remains bearish for this one. We will definitely be looking for more short positions after a nice correction is complete. Our short-term BUY target is set at a previous support now turned resistance, which also aligns with 50% Fib retracement level.
Happy trading, everyone!
EUR/USD, detailed overview and next targetsThe re-test of the previously broken structure is fully complete. The price is around local support zone and we can see that the bears are losing power here. A strong H4 candle push to the upside proved that the bulls have the full control of the situation here. We have opened BUY positions and are now patiently waiting for the price to keep rising and reach the areas plotted out on the graphic.
Happy trading, everyone!