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Investroy

EUR/USD, what's next?As we can notice from the chart, the price is slowly and steadily correcting the mad bearish news moves that occurred last week. The idea that we posted on EU last week, played out to the T. We are now expecting some more bullish movements till the key zone plotted on the chart. After the correction is completed, we will be eyeing big SELL moves and aiming for the downside once again. Feel free to share your thoughts and opinions in the comment section below, family!
Long
by Investroy
22
BITCOIN, update on the bad boyLet's see what we have here on Bitcoin. As we can clearly observe from the chart, the price is still stuck in a range, or as we love to say, stuck in a mud. Moreover, we can see a really long and powerful wick manipulation which was implemented by China in attempts to break the lower boundary of the sideways ranging rectangular box and take out a large amount of Stop Losses. Happily and luckily, the attempts to drop the price like a needle resulted in being unsuccessful. Now, we are looking forward for the price to continue growing and reach the area identified on the graphic. Happy trading, everyone!
BITSTAMP:BTCUSDLong
by Investroy
22
EUR/USD, detailed overview and the next possible move The price has been falling like a needle last week due to the FOMC news, which gave the US dollar significant strength. We are now expecting the price to correct before continuing its further move to the downside. Looking at the higher timeframes, we can see some signs of a short-term reversal. Zooming in on the smaller timeframes, we can observe a possible move to the upside that could happen after the structure identified is broken and re-tested. Feel absolutely free to share your thoughts and opinions in the comment section below
Long
by Investroy
19
GOLD, where are we going next?Firstly, if we look at the higher timeframe charts, we can clearly observe that the price has reached a major level of support. Zooming down to smaller timeframes, we can identify that the price has printed some nice bullish candles and bounced off that key support area. Moreover, after some strong bearish moves last week, we can expect the price to keep going up to complete the correction move. After the correction is completed, we will be looking for SELL positions once again. What do you think, family? Feel free to drop your ideas in the comment section below!
OANDA:XAUUSDLong
by Investroy
18
HOW TO SPOT A MARKET REVERSAL: A beginner's guideHappy Friday, ladies and gentlemen. The topic of our first educational post for the day is the following: How to spot a possible market reversal. Of course, there are many strategies and various methods one can implement to identify a reversal in the markets. The method that we will be talking about today is relatively simple and really effective. We use two methods to determine a possible reversal: Double Top/Double Bottom pattern formations or break of a trendline. As it can be inferred from the chart, both of the cases of a market reversal strategy that we implement can be noticed. The first one is a Double Bottom Reversal. When the price manages to create a Double Bottom/Double Top on higher timeframes, it means that the price has not been able to break the structure and is on his way to reverse. Looking at the graph, we can observe that the price’s attempts of breaking the 1678-1680 level of support to the downside resulted in being unsuccessful. Therefore, a nice double bottom formation had been formed and the price started moving to the upside from there. The second approach is even more simple, we just follow the trend. Remember the saying: “Trend is your friend until the bend in the end”? That’s right, if the price manages to break an uptrending or a downtrending trendline, it’s time to reverse for the most part. Looking at the chart, we can see that the price failed to create a new Higher High, and it broke the uptrending trendline to the downside and started dropping massively. That's it for the topic of "Market Reversals", family! Hope you enjoyed it. If you have any suggestions on what kind of educational posts we should post next, feel free to let us know in the comment section below! Have a nice day and an amazing upcoming weekend!
OANDA:XAUUSDEducation
by Investroy
24
EUR/USD, some correction before further downside moveRemember our EUR/USD idea from yesterday? Thanks to the massive bearish push after the news release, the price hit both of our Target Profits and we made a huge amount of pips! What will happen next? We have plotted a possible BUY area on the chart. We will be waiting for the price to gain some bullish momentum and form a nice bottom before we can open long positions and aim for the target identified on the graphic. Of course, our long-term bias remains bearish as of right now, so we will look for SELL opportunities after the correction is completed! Feel free to share your ideas in the comment section below, family!
Long
by Investroy
38
GOLD, correction time and next destinationAfter FOMC news release yesterday, a massive bearish candle pierced through 1844 level of support, which was previously a level of resistance. Now, it needs some correction and rest. The price is located near an important structural level at the moment. Therefore, we are getting ready to open some long positions and aim for the previously broken area of support, before we can see some further decline in the price. What do you think, family? Feel free to drop your ideas in the comment section below!
OANDA:XAUUSDLong
by Investroy
19
USD/CHF, bullish continuationLooking at the higher timeframes, it can be noticed that the price is showing some signs of reversal. After the consolidation phase finishes, our bias will switch to bullish on the long run. Looking at the 2H timeframe, we can observe that it is a kangaroo market and the price is ranging. We are now waiting for the price to break and retest the mini rectangular box identified on the graph before we can open long positions and aim for the zone plotted on the graphic.
Long
by Investroy
6