Nakedchartanalysis
EURUSD Long-term My analysis for the Euro against the American dollar for the long run is we are going to see a very strong and Bullish momentum on the European currency after the wave of Retracement ends
I expect that the prices may stop and end the Bullish movement at the levels of 61.8 FR of the Bearish wave at the numbers of 1.12900 we better watch for a price action from that area and we might see extended momentum till the Levels of 85% of the same bullish wave we mentioned before at the numbers of 1.09000 and that's where we will put our second entry
and then when we ask where will be our fixed stop losses we`ll see the charts telling us normally that will be at the lowest low but we will not do that as we don't want to get caught and the prices trigger our stop losses and then go in our desired direction that's why we will add more Range plus the lowest low in order to eliminate any kind of market manipulation so we will have the number of 1.05000 as our FIXED stop loss
and regarding our targets as you can see on the charts we have the numbers of 1.23500 as the highest high and of course our first target and then we will watch for 1.32200 as our second target
please notice this is SWING trade which mean it might take from 3-5 months to end or to get out of this trade
Please don't move or remove your stop loss under any circumstances
Use proper money management
Trade safe
SILVER : WEEKLY TRADE PLAN UPDATEIn terms of silver, the levels 22.52272 and 21.85045 are critical... a break below these levels might send silver even down. 21.00096
Because silver has two levels to break out of, I strongly advise waiting for the 22.52272 breakout and a pullback to the Lower High LH level before resuming shorts.
or a rejection at level 22.19300 before attempting to oppose the market
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
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GBPJPY TRADE PLAN UPDATEThe GBPJPY has had a strong run, rejecting both the weekly resistance levels of 152.864 and 152.553.
GBPJPY, on the other hand, is trading sideways on a weekly basis.
With two daily rejections so far, 151.455 appears to be a significant resistance level, and a breakthrough level of 150.567 is confirmation to sell at 151.455.
or I take a chance on a 151.455 short position without confirmation.
main target is 147
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
XAUUSD : WEEKLY TRADE PLAN UPDATE Last week's price breakout on weekly support at 1789.690 was followed by a retest of 1806.023 and a further dip 1745
If the daily close falls below 1750.740, I'll be seeking to counter the trend at 1739.890 until 1764.235 or 1780.670 before resuming shorting.
target 1680 or 1660
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
XAGUSD UPDATESilver, like gold, failed to break through the trendline level.
If the price breaks through the 23.44 mark, it may be possible to short once more.
targeting 21.8 and 21.4
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
happy trading to all
XAUUSD : WE BACK TO 1800following a flash crash early this week on Monday morning The price of gold has been on an upward trend for quite some time now.
Gold is now headed back to 1800 after breaking through resistance at 1752.
Any rejection at 1800 on a daily timeframe could provide an opportunity to short the position at least to 1770 - 1752.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
happy trading to all
EURJPY : UPDATEEURJPY has been trading sideways for a few days...
if price fails to break through a fresh high,
it may be possible to ride this trend until target 1 is reached.
For explanation, please refer to the previous trade plan.
Please give me a thumbs up if you like this idea. Until then, happy trading!