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USD/CHF: time for a deep correction. Bulls, are you ready?As it can be observed from the graph, the price has been declining for quite some time and is currently sitting on a crucial area of support. After impulsive moves, a correctional phase should kick in. Therefore, we are monitoring the local area for entering short-term long positions and benefiting from the possible upcoming retracement. Our initial target is set at the 50% Fibonacci retracement level. However, the price may even push beyond that zone. We will monitor the development of the price and see how far it can rise before reversing and continuing the downtrend
Long
by Investroy
13
EUR/USD: HTF perspective. A correctional move is on the way! New week, new chart analyses from Investroy! Today, we are taking a look at the situation that is present on EUR/USD. Taking a look at the WEEKLY(W) timeframe graphic, it can be observed that the price has printed some serious impulsive moves to the upside in the previous couple of weeks. The descending channel pictured on the chart has finally been broken and bears are strongly concerned. Zooming into the DAILY(D) timeframe graph, it can be inferred that the price is currently in the process of rejecting a crucial level of resistance and is most likely planning to correct the recent impulsive moves by making its way down to the 1.01 area of previous resistance which now acts as a support that lines up wit the 0.618 Fibonacci retracement level. Now, the main question: when to enter? Well, observing the current situation, we can examine that the price has already started printing bearish candles. However, we don't believe that the correctional phase has started as of yet due to the fact that a solid top reversal pattern has not yet been fully formed. We would expect for the price to spike a couple of pips above the local zone of resistance, grab liquidity by taking out the early trade entrants, and then prepare to launch its full-scale bearish moves. Have a great trade and remember to follow the risk management plan!
Short
by Investroy
19
USD/CHF: multi-timeframe perspective. What's the plan?The Weekly timeframe chart of USD/CHF clearly shows how the price has been unable to break above the important area of resistance portrayed on the graph. The lower-timeframe graphs at the same time, illustrate how nicely the price has been pushing to the downside. The 1.002 - 1.004 structure has been penetrated but not re-tested. We don't see how the price can continue dropping without pulling back to this region and correcting the recent impulse. And hence, that is the region we are monitoring for SELL positions. Once the price re-touches the key area of resistance that lines up with the golden Fibonacci level (0.5-0.618), we will be aiming towards entering short positions and going for the 0.98100 area of support as our initial target.
by Investroy
15
USD/CAD: the beauty of price action. What's the next HTF target?Taking a look at the 4h-timeframe chart, we may observe how the price has bounced off the 1.35040 area of support that has been identified on the graph. Afterwards, some consolidation moves kicked in that were followed by an impulsive push to the upside. Right after the impulsive leg got printed, the correctional phase kicked in and the price got driven all the way down to the 1.359 area of support that lines up with the 61.8% Fibonacci retracement level. Later, we may notice how bullish moves kicked in and are currently running the price to the upside. Considering both technical and fundamental sentiments, we are pretty confident in the fact that the price will keep rising and reach the key area of resistance that is plotted on the graphic.
Long
by Investroy
11
GOLD (XAU/USD): bearish perspective. When do we sell?Looking at the 4h-timeframe chart of Gold, the following can be observed: the price is pulling back to re-test the 1658 - 1659 area of previously penetrated support which now serves as a zone of resistance. The same area nicely lines up with the 0.786 Fibonacci retracement level. Once that specific key zone is reached, we are looking into closely monitoring the price action and eyeing possible short positions. The initial target is plotted on the graph. Happy November!
OANDA:XAUUSDShort
by Investroy
21
USD/CHF: MTF perspective. Where to set a "buy limit" order?New week = fresh chart analyses from Investroy. Today, we are conducting a multi-timeframe analysis on USD/CHF, which is one of the pairs that we have on our watchlist and trade on a constant basis. Firstly, taking a look at the Weekly timeframe graph, it can be observed how the previous Weekly candle has closed in the favour of buyers by developing a nice rejection of the previous area of resistance which now acts as support that aligns with the 50% Fibonacci retracement level. Zooming in and analysing the DAILY timeframe chart, we may notice how a solid ascending channel has been printed and that the price has successfully rejected the lower barrier of it by printing impulsively bullish moves. Judging by the current price action and overall fundamentals, we believe that the price will continue growing. The question is, what is the best area to go long from? Again, if we take a look at the DAILY timeframe graph, we may clearly see how the price has penetrated the 0.993 - 0.995 key zone but has not retouched it yet. Thus, we will wait for the price to re-test this particular area of support before going long and aiming for the sky. Have an amazing trading week, family!
Long
by Investroy
18
EUR/USD: detailed chart breakdown. Where are we headed next?Firstly, zooming out and looking at higher-timeframe graphs, we may clearly see that the overall trend remains bearish. Now, zooming in and observing the recent price action, it can be noticed how bullish impulsive moves kicked in last week before market closure and drove the price up. By doing this, a key zone has been formed at the area of 0.981, and the price has recently rejected this zone. From here, it is expected for the price to experience a short-term rise and reach the area plotted on the graph. Why this zone specifically? Because it is right at the area of the freshly formed double top that lines up with the 61.8% Fibonacci retracement level as illustrated on the 8h-timeframe graphic. Technically, all early entrants have their Stop Loss order placed around this particular zone. Hence the forecast. The price spiking up and re-touching the 0.988 - 0.99 area and dropping all the way down till the higher-timeframe Lower Low is the scenario that we are eyeing. Of course, we will be patient and monitor the situation. If the price plays out according to the plan, we will execute a probable 1:5 - 1:7 risk-to-reward trade and look forward to benefiting from this amazing opportunity
Short
by Investroy
21
USD/CAD: fasten your seatbelts, because we are flying to MarsOn the 8H-timeframe chart, it can be observed that the price has dropped massively after printing long and ugly wicks to the upside and being unable to push further. This move was healthy and necessary for the price to re-test the previously penetrated key zone of 1.371. Zooming into lower-timeframe charts, we may notice that the price is potentially attempting to form another shoulder and complete the formation of an inverse H&S pattern before launching a full-scale bullish move and aiming for the targets illustrated on the graph.
Long
by Investroy
25
EUR/USD: bearish continuation. When to enter SELL positions?Looking at the overall picture, we can notice the rejection and the formation of a top on the 0.986 - 0.987 area of resistance. This move can be described as the re-test of the area that was penetrated on the 6th of October. Now, zooming into lower-timeframe charts and observing the current situation, it can be inferred that the price is currently rejecting the lower boundary of the ascending channel formed. Moreover, the upcoming move will most likely serve as a correction of the recent impulse. We are closely observing the situation and eyeing the area plotted on the graph for probable short positions. Our target will be set at the higher-timeframe LL zone. Though, considering the current position of the USD, we believe that the price has a potential to push even lower.
Short
by Investroy
15
EUR/GBP: time to pull the trigger and fly?As it can be inferred from the Weekly timeframe graph, the price has strongly rejected the local area of support by printing long and beautiful wick candles. Zooming into the h4 timeframe chart, we may notice that the price has spiked below this specific support and grabbed liquidity before printing bullish moves. While ranging between the borders of the sideways-moving channel, we are expecting for the price to continue rising and reach the area identified on the graph. Our sentiment remains strongly bullish and we believe that this move to the upside is more than possible.
Long
by Investroy
12
EUR/USD: multiple confluences are lining up for a "SELL"Let's take a look at the 3H timeframe graph of EUR/USD and examine it closely. As it can be inferred from higher-timeframe charts, the price is trading within borders of a massive descending channel. Looking at this specific graph, we can see how the upper barrier of the channel has been rejected and an impulsive move to the downside has happened. Having already completed the correctional movement of this impulse by rejecting the 0.618 Fibonacci retracement level drawn on higher timeframes, the price has tended to consolidate for a while before launching bearish moves. At the moment, we can clearly observe how the price is leaving candle wicks to the upside and charging up for bearish moves. We are expecting for the price to continue to decline and reach the zone of support portrayed on the chart that acts as the current Lower Low.
Short
by Investroy
17
USD/CAD: what is the best zone to buy and ride longs from?As it can be inferred from the 2h timeframe graph, the price has nicely rejected the important zone of resistance plotted on the graph and is now headed to the downside. Due to the fact that the long-term bias remains bullish, we are eyeing "BUY" positions only. The price is slowly but neatly approaching a very solid area of interest for buyers where 3 confluences nicely line up: lower boundary of the ascending channel plotted on the chart, area of previous resistance that has turned into support, and the 0.618 Fibonacci retracement level of the recent longer-timeframe impulsive candle. Above-mentioned confluences make us confident in the fact that the portrayed area is a good level to go long from and aim for the moon.
Long
by Investroy
13
EUR/GBP: the most simple chart analysis you will see todayLet's make a multi-timeframe analysis of EUR/GBP and closely observe the situation that we currently have. Firstly, looking at the DAILY timeframe graph, it can be noticed that the price has formed a massive Head&Shoulders pattern, which is a clear SELL indicator. Next, zooming into lower timeframe charts, in this case the 3H-timeframe graphic, we can clearly see that a nice flip over is happening and that the price is reversing. Once the price develops a bit more, we are expecting for impulsive bearish moves to kick in and drive the price till the area indicated on the chart and even below.
Short
by Investroy
13
Exit Strategies to Consider on Each Trade: a Complete GuideEnter, monitor, and exit are three vital steps to follow while trading. While most traders focus on how and when they can enter a particular setup, they pay less attention to their exit strategy. Today, we are gonna look into some popular exit strategies that we utilise in our personal trading. 1) Breakeven closure When the price is moving in our direction and is already a few key zones away from the entry zone, we make the trade risk-free by moving the Stop Loss level to the price of entry. If the Stop Loss gets hit, we exit the trade with neither a gain nor a loss. 2) Manual Closure In the process of monitoring, if the price does not play out according to our plan, we tend to make quick decision and exit the trade earlier than planned. 3) Target Profit We set a Take Profit (TP) order that closes the transaction as soon as it gets triggered. 4) Stop Loss
 We set a Stop Loss (SL) order that closes the transaction as soon as it gets triggered.
BITSTAMP:BTCUSDEducation
by Investroy
16
USD/CHF: detailed chart breakdown and the next target Judging by the fact that a solid ascending channel has been formed, the middle to long-term sentiment of the pair is expected to remain bullish. At the moment, the price is ranging within the borders of the consolidation box identified on the chart. The previous DAILY candlestick has closed impulsively bearish, which means there is still a bit of room for the price to drop. We are eyeing the area below the range that lines up with the lower boundary of the ascending channel for entering long positions. Our initial target will be set at the area of resistance plotted on the graph.
Long
by Investroy
13
EUR/USD: calm before the storm. Will history repeat itself? As it can be inferred from the DAILY (D) timeframe chart, the price is approaching the upper boundary of the descending channel that is illustrated on the graph. As we know, before an impulsive move happens, the price should go through a consolidation phase. This can be clearly observed taking a look at the historical price action. Thus, we are keeping a close eye on this pair and monitoring the development of the price before potentially going short and aiming for the lower boundary of the channel.
Short
by Investroy
12
EUR/USD: pure price action. Channel, Fibonacci levels, key areasThe price of EURUSD has been declining for a while now. The massive downtrending channel illustrated on the graph is still in play and the price is trading within the borders of it. At the moment, the price is sitting on the lower barrier of the channel. Although our general bias remains bearish both from technical and fundamental perspectives, we believe that a correctional move should follow from here and drive the price to the upper boundary of the channel that lines up with both the previous level of support now turned into resistance and the 61.8% Fibonacci retracement level. Looking at the historical behaviour of the price, we can observe how many times the above-mentioned scenario has played out successfully. Now, it's time to monitor the price development on lower timeframes and look for entry confirmations.
Long
by Investroy
15
BITCOIN (BTC/USD): road to $36k? Multi-timeframe analysisTaking a look at the Weekly (W) timeframe chart, it can be noticed that a crucial zone of support has been reached. Zooming down to the lower timeframe graphs, it can be inferred that the price has been consolidating around this area for quite a while now while being unable to break below the zone of support illustrated on the chart. Looking at the recent price action, we can witness some nice bullish pressure. This indicates that buyers have stepped into the game and are aiming to drive the price higher. Although $36k remains as our initial target (zone of resistance that lines up with the 0.618 Fibonacci retracement level, we will be closely monitoring the lower timeframe graphs and looking for more confirmations before executing long positions.
BITSTAMP:BTCUSDLong
by Investroy
26
GOLD (XAU/USD): history is repeating itself. Again? Possibly.Taking a look at the 4H timeframe chart, we can witness the beauty of price action. Accumulation+Distribution phases, a massive descending channel and many other details. Mr. Wyckoff was not the only person enjoying this incredible art. Any individual that is a fan of naked trading and of monitoring the price decline/grow gradually, will spot accumulation+distribution phases with ease. Now, as it can be observed from the graph, not only the two previous "consolidation+dump" scenarios played out perfectly, but they also lead to the development of a third phase. At the moment, we can notice that after the recent dump, the price has pulled back to the area of the previous sideways-moving consolidation box. Here, we are expecting for the price to form a new box and range within the borders of it before making another impulsive move. Considering the current strength of the USD and the recent price development, we strongly believe that the bearish moves will continue for the near future.
OANDA:XAUUSDShort
by Investroy
19