LTC Litecoin showing strength
Litecoin’s chart does not have to follow the chart of BTC, ETC, or any other crypto. From my analysis, LTC has not broken out into it’s potential like Bitcoin or Ethereum has. Litecoin has much more potential at this point, especially for those with a smaller account. This is a wave beginners can ride.
Adding majorly to my position.
Nakedforex
XAU/USD GOLD BuyOANDA:XAUUSD
1. 1 hour candle closed bearish.
2. Resistance was created. so was looking for a sell if the new candle breaks the prev candle . W
3. Went LTF to look for a entry.
4. However, candle did not break the low.
5. Instead, a support was created in 15m.
6. Took a buy when the candle breaks the 30m high and secured 9 pips.
Its not about making huge gains. It is about making consistent gains even if it is small.
Gold SELL PrimingGood day guys, as promised, I am delivering my first update of the week for this setup. The next update, should be our entry into the market. I want to see a possible last push to induce buyers into the market, following by a star pattern formation and an aggressive sell off. That is what I am looking for to get you all into this phenomenal setup. This could be a 1500+ pip move to the downside. I am currently in the trade, and my trade is taking a little heat right now, but that is ok. The toughest thing to do is to pick tops and bottoms. That is a losers game. Again, last week there has been a lot of bullish headlines in regards to gold. Usually, when I see this happen, it stirs up FOMO (Fear-of-Mission Out) emotions in retail traders. Then, the market delivers a massive blow to drain retail traders accounts. I am a long term trader, so I look to hold a position for days for maximum profits. Be sure to leave a comment below if you have any questions. We do appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick (CEO)
Third Eye Traders
4H Chart - Gold going to Raise up to 1800$ expectedGold was bearish then consolidation and now it is time for some bullish, gold inside an ascending channel, I am going Long.
DXY ıs at 91 at the weakest level, we saw on Monday how the USD was bearish.
Be aware, all technical analyses are subjective, and the analysis may differ from one to another.
When you establish your trade, make sure you setup a SL before TP.
Don't risk more than 1-2% of your account, cut your losses early, and don't over-trade.
Good Luck to every on :)
AUD/USD Long Position Simple PA Strategy4hr Timeframe
Looking for the break and retest of the 50EMA.
If it breaks we are looking to get in on the retest of the 50EMA for a long position.
Wait for a bullish confirmation candle showing rejection at the 50EMA.
Keep this simple! Less is more!
Place SL with structure! Manage your risk!
BE PATIENT!!!
CHFJPY Long with 3 confluences (Zero Indicators)Confluences:
1. Daily chart double bottom
2. Daily chart trendline breakout
3. Price trending bullish on daily chart as price created a new high.
Entry: Middle of the week would be the ideal time to enter this trade after the breakout and correction takes place. We will be looking to enter on the continuation to the upside. This is a nice short term trade with a duration 4-5 days holding period
EURUSD Short with 3 Listed Confluences (Naked Charts)Confluence:
1. Weekly Chart Trendline breakout and close.
2. Weekly Chart Double Top pattern formation (Not textbook style double top pattern). Price seems to have failed to create a new high.
3. Trend is bearish as price is making Lower Highs and New Lows.
Entry:
The way the market is positioned on the weekly chart shows this is a fresh breakout. 70-80% of the time, traders who enter straight after a breakout pattern occurs are likely to get stopped out.
We will be looking to take the trade towards the middle of next week (Wednesday) as price might push back up to retest the trendline so it is important to wait and see how the price moves after the breakout.
This will also give us a chance to reassess the risk reward ratio of the trade. Will be holding this trade between 3 - 4 week or until take profit is reached (Whichever comes first).
USDJPY Long with 2 confluences (Zero Indicators)Confluence:
1: Price is trending bullish on the daily time frame making new highs and higher lows.
2: Price Broke out and closed above previous weeks high on the daily time frame.
Entry:
Wait for price to come and test the area around the lows of the current week, creating a Higher low before continuing to the target of 108.500.
It's time to short the GOLD - Naked Swing/Intraday tradeTHIS IS A NAKED SWING/INTRADAY ANALYSIS WITH NO INDICATORS (ONLY PRICE ACTION & CHART PATTERNS) ! ! !
Gold is showing us some powerful signs that it will continue the downward movement.
Here is the best price to enter the market and to catch the drop (Sell from top & Big Risk to Reward Ratio).
For a safer entry, go to smaller timeframe such as 1H and watch the price action to see exactly where you should enter the market.
Confirmations are on the chart.
HAVE A NICE WEEK & HAPPY PROFITS ! ! !
GONE LONG GUYS!!!WHAT GOING ON GUYS!!! DANNY HERE. I wanted to share my POV on the Aussie-Dollar.
Sometime last week i think 27th Nov, i notice that Aussie finally broke the area of resistance i have here. Also on the same same day i saw Gold breaking through 1750.00 heavily to the downside.
Since we all know that Gold is negatively correlated to Aussie, i automatically knew AUDUSD was going up. So all i was waiting on was a retracement of about 30-50 pips, a 0.5 FIB retracement level and finally break of a counter trend line i had on a smaller timeframe which presented itself about 45 mins ago, and then i got in on a long position.
My analysis may or may not be correct but this is just my share thought on the AUDUSD pair. GANG!!!