I 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...
Same as GBPUSD. 3 horizontal touches signals strong bullishness. I'd like a break & hold of the RED diagonal line for confirmation. Profit target & reversal expected at my RED box. Enter long pretty much anywhere here & money should be made for the next month or 2. This is a chart I'd call for a reversal on, with the potential to retest the top.
Still thinking the same about GBPUSD. Price is bouncing off WEEKLY all time lows. I wont say it's a reversal, but it's sure going to need to bounce higher for a few weeks. Even if it breaks the low, it should't go too far. With all this global drama going on, it would have fallen by now.
weekly demand level just sitting there waiting to be bought. look at the volume! take profits at the midline or top...
The pair is still in an uptrend. This was the 3rd touch on the bottom trendline. This is your rent money setup.
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...
GBPAUD made a gap last week & failed it. Game over for this one. We are in a divergence heaven at this point...make sure you get paid from this recession. It's not a recession. It's big investors taking profits like always. Myself & hundreds of other traders called a bear market last year. Let this year be the year you learn to read charts & become a pro!
So many reversals & continuation pullbacks are setting up. It will be possible to pay bills off one large trade a week! It wont get any easier than this...
NOW 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...
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...
This is the Line Break Chart analysis showing true supply, demand, trend momentum, & volume correlations. The chart 90% of traders will never see... You can only see these charts as a TradingView Pro+ subscriber. Or an institutional bank trader. The blue band is my bollinger band custom setting - .382 deviation. My strategy with it is when 5 bars close above or...
Price is below all my moving averages, signaling price to be in a downtrend. I was awaiting a break below the 50 EMA, signaling weakness in the pullback to the upside. Price should head to retest the bottom, potentially making a new low. the Daily chart is in a strong downtrend, so a new low is certainly possible. We are also breaking a new Weekly low, which...
Quick scalp trade setting up on the 1 hour EURAUD chart. I'll enter at the 50% (GREEN) line, as price falls back to retest the area. I'll enter any bullish candle formation & watch the 15min chart for confirmation. I'll look to take profits on half my position at the 1st PURPLE line, as the pullback may not be over. If price cannot hold above the 1st PURPLE line,...
NZDCAD is currently retesting the level it broke out from. My indicators are signaling a divergence, which is a sign that the pair will continue its Bearish trend. I'll be using the 15min & 1Hr time frame to enter a SHORT position. This is a position that could be held for 3-5 weeks (3-5 weekly candles) before I even consider taking profits. This is a simple set...
1. If you are new to trading, learn how to trade support & resistance of triangles on the Daily & Hourly time frame. The time it will take BTC to retest the BUY zones I've marked, will be more than enough time for you to learn & practice how to be ready for the retest of the areas I've marked. 2. Realize that BTC has retested & held above the green triangular...
AUDUSD has just entered a level it hasn’t tested since 2008! A huge move to the upside will come as long as this level holds. This is a strong BUY set up. The 15min chart just showed signs of high volume & decending wedge Roth into the level. Price may bounce off & go back into the level before it springs to new Daily highs. If you haven’t made any money all...
I'd be expecting a pullback in USDCAD before a breakout. The cup & handle pattern is a bullish indicator. At this time, USDCAD is up against a heavy Daily resistance area. A short term SHORT play has set up, as the 1Hr chart has formed an ascending, which is a common reversal signal when up against larger time frame resistance. PURPLE lines notate profit zones...