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EURCAD is NOT a reversal, yet...Alot of traders on here are calling EURCAD a short play. As of now, it's not. This chart shows what should have happened if it was ready to fall. We'll have to drop & hold below the 1.54855 area before calling this a short. For now, the Bulls are still in control. The Weekly is in an uptrend & the Monthly bar is just in a pullback. If it closes above this area by April, there wont be much resistance until 1.69000. A new high could easily be made if we remain above this area. The monthly is in a Reverse Head & Shoulder's pattern, signaling Bullish momentum. The weekly is also above my 369 EMA, meaning price has been bullish all year, recovering all of the previous year's selloff. The daily is simply in consolidation, a prime area for retail traders to get shaken out of the market by institutions who are just taking short term profits, waiting to buy up retail positions.
Long
by BillionaireTomBoi
1
Clean 4Hour analysis GBPAUDI was scalping lately, as volatility was available. Trends are looking more like they are ready to continue their original directions. I'm going to be entering for more long-term holds, as I'd like to go on vacation & relax soon. Perfect timing, as there's no need to day trade if the trends are there to just ride... Going to go through the list of pairs I'm watching or already in. Decided to do cleaner analysis's, using the 4H & 1H charts. Divergences are noted. Be on the lookout for Reversal signals, as we retest tops & bottoms. My moving average is 369...because Tesla said so lol!...you know, harmonics or whatever. It's just there to guide me on short term pullbacks. I could really trade without it & the On Balance Volume. It's there for anyone needing confirmation. Using The Bollinger Band in my previous analysis was doing the same thing, as it guided me on the 1H at support areas to re-enter the trend continuation (Again, my settings are .382 & I enter when 5 bars close & price passes above the high of all 5. This is a strategy I learned from Seven Primo). I'm also keeping track of Daily & Weekly Supply & Demand Zones, watching closely for double tops when we enter. Red or Green indicates trend direction. If trend changes or I take profits, I'll update.
Long
by BillionaireTomBoi
Buy your Lambo from this one trade...USDJPY!!Weekly & 4Hour time frame analysis. USDJPY has just retested the upper downtrendline & failed. The profit zone is marked in purple. The divergence signals a regular bullish divergence so that profit area could turn into a demand zone, pushing the pair to new highs. If price retests & fails the upper (weekly) trendline after hitting the profit zone, USDJPY should make a new low. This is a weekly entry meaning It will more than likely take a year to complete. Add on pullbacks & invest every paycheck you get, you'll be driving a Lambo in not time ;) STOP LOSS is above the most recent high. If price gets above, I'll reverse & trade to new highs.
Short
by BillionaireTomBoi
1
2 Time frame DIVERGENCE analysis USDSEKNOW IS THE TIME TO BE TRADING! Alot of pairs will be making reversal plays, which will make great entries to hop on board & bring in profits for us over the next few weeks. I've marked key areas on the Daily for direction & on the 15 for entry. Pretty much any SHORT entry over the next few days should see profit. The Daily chart is in an uptrend so price will eventually find a large area of support, allowing price to retest the top. It may even break the top, as price is at an all time high. A 50% pullback to the 8.00000 area is surely possible. However, if a new high is to be made, price will need to hold above the 8.88000 area. I'll be expecting the Daily trend (RED ASCENDING LINE) to be broken before a retest of the high. We saw a very bearish move from the high, signaling that the new all time high is a weak one. I have Bollinger Bands set at .382. I use the 1HR or 15min chart for entries. When price closes 5 candles in a row above or below the bands, then passes the high of that move, I enter. Ideally, I like to enter long if the bollinger band is above the 300EMA OR short if the opposite is true. Price & the bollinger bands above the 300 & the 300 above the 600 signals power in that direction. Exit is at the previous breakout area (from the opposite direction) or a higher timeframe resistance or support.
Short
by BillionaireTomBoi
1
GBPZAR pullback :) I’ve been waiting to jump on this Long, as ZAR pairs have the biggest price movements. This means big profit potential. This 15min chart analyzes the current pullback about to take place. As long as we stay inside this BLUE triangle I have drawn, we’ll see GBPZAR fall back to test the original breakout. The area is marked as a high volume zone, as the volume bars show the most shares traded in quite some time. This setup could take a day or to reach the area & signal confirmations to enter long...I’ll update this trade if it continues to move higher without a pullback. If it does, I’ll be cautious to enter, as huge Weekly resistance is just up ahead at the 21.93000 area. If you entered the trade now, you’ll most likely be good to be in profit by next week or so. Expect dips in profits until then.
Long
by BillionaireTomBoi