EURUSD Swing Long- Uptrend
- 1.217 strong support
- Bullish EUR fundamentals
- Waiting on wick back into zone for entry
Simple
GBPAUD Swing Short- Daily Highs
- Trend Structure
- Bullish Iron Ore Fundamentals
(AUD Exports)
- Waiting on:
Double top
Head and shoulders
for entry confirmation.
Continuation of A DonwtrendThe price shows a good rejection from 0.382 Fib retracement and good chance it will proceed further down to touch the trendline.
Conservative traders, wait for another confirmation by a resistance with beautiful candles in the 5 mins or 15 mins tf.
No more than 0.5% risk per trade, control risk management very strictly.
A Nice Clear Chance to Ride the Channel The market has been moving in a very nice way in the long run particularly in the rising wedge pattern. It made a new high recently and there is a high probability that it will travel down for some time now, my personal taste says 76.5 at least.
A chance to take short ASAP as soon as the market opens because a resistance has been formed and this is a nice entry to travel the down move.
Never risk more than 0.5% risk on the trade, let the risk to reward do its job.
A short time ranging market.As you can see the market is ranging in a small zone for sometime and it just met with the supply zone, which means that it will have highest chances to move to the demand zone now.
It has started fhe move and it maybe taken as a late entry but there is a chance.
Apply strict risk management, no more than 0.5% on the trade.
A beautiful trade.A textbook trade out in the real world.
Price has been moving in a good upper channel for some time and it has reached the resistance trend line for the channel.
An extremely good chance that the price will travel down to the supporting trend line.
The stop loss is placed very tightly, if by chance it gets taken out, enter again when it retests at the above (near the blue rectangle).
However, if you wanna play conservative, go with the blue line that I drew as a small trendline, when the price touches that, look for a retest and nice bearish candle, and enter the trade with a good stop loss above the resistance level.
Never risk more than 0,5% on a single trade and stop-loss to entry when 2 RR achieved.
Nothing is guaranteed in trading but finding high possibility setups with a good probability of the trade working out may just do the job.
High Risk Quick Short SetupThis is a high-risk setup, proceed with caution.
A conservative trader would wait for a retest before placing a buy order but in order to buy we wait for a dip - that is what we are doing, travelling the dip.
It may dip or continue up without a dip, but it's a good chance it will.
The price is respecting the supply line multiple times earlier, not much juice left but still a good sell for high risk setup.
Only 0.5% risk per trade, minimize risk by putting stop loss to entry at 1.5 RR.
High chance of Short Price has been ranging for a good time in the wide 4H time frame.
Price got rejected from the supply line.
There is a out of trend pattern waiting for a possible retesting (Red line).
There is a rising wedge in the 1 hour time frame with good rejections. (Blue line).
To top it all, a nice bearish engulfing candle coming from top.
Please proceed with proper risk, no more than 0.5% risk in the trade. It may do a short retest and be up back to your stop loss, careful there.
DOGE; SimpleHere we have a box.
With it comes goals Doge must achieve.
1 - Break downwards trendline.
2 - Consolidate in box(lower half/purple)
3 - break halfway point
4 - consolidate in top half of box
5 - break out of box
Here is what the objective would look like based off the -64% dip in April.
A law that DOGE follows is a simple one.
When we grow, the boxes double; this includes time.
The last box phase in April took around 11 days.
Expect this one to last twice as long; 22 days.
-WARNING-
Doge needs to complete objective number 1 first though.
If not, we might be on our way to the 200 daily EMA.
There's a lot more to discuss but for now,
let's see what happens!
Simple Buying Zone Chart (Bitcoin)Here is a simple chart HODL/Longterm traders can use to find the best buying zones. Hopefully you can use this to help you find the best buying opportunities possible.
XAUUSD BOTH WAYS COVERED FOR MAX PIPS OPPORTUNITY! SIMPLE STRATTired of missing opportunities when price do not go your way and goes the other way. Well this simple and easy to read strategy covers both ways so no miss opportunities when price goes on either direction. Follow easy instructions and you can be a pro trader in no time!
Simple and easy to read strategy that covers both way to maximize your profits with very little losses. Any thoughts on GOLD? Any price predictions, bullish / bearish predictions, news that could affect price, etc? Comment below
Will we be bullish or will we see a bearish trend? Wherever it goes, we will be ready for any directional moves.
Do not put any trades in between any entries unless price is touching near resistance or support. If that's the case, place sells at resistance and buys at support with 20-25 pip stop loss to avoid massive losses. When price breaks on either resistance or support, enter for a buy when the resistant zone is broken and sell when support zone is broken with the same 20-25 pip stop loss concept.
Remember to place tight trail stops once you're in profit by 15 pips so you guarantee not lose any pips risk-free. For example, if price reaches tp2 place a trail stop by tp1 zone. Just that easy!
What my goal is for you to create your own charts and your own signals without relying on signal groups, callouts, or even myself. You will develop better technical analysis skills, know how to properly place high quality support and resistance , proper advanced risk to reward ratio, etc. At the end you'll create your own signals based on your own analysis which will guarantee make you a more and better discipline profitable trader.
I recommend as for starters to start off with a demo so that you get familiar with this. I hope you are enjoying my content as I update them at the start of each week, mid-week, and at the end of the week. Thank you and appreciate a lot!
EURUSD - Elliott wave – monitoring wave (ii) evolution prevailing scenario
wave (ii) maybe over in abc subminuette correction
monitor prices evolution in an impulsive mode
ALT: continuation of wave (ii) either in a simple or complex correction
critical price area
previus daily close 1.2077
PP/FIB 1.2080 PP / 1.2131-1.2153 (fib 0.618 – 0,786)
static S/R 1.2106 key – 1.2153 critical
volatility D 1.2058-1.2156
Crude oilDownward trend, that might contiuen based on the new lockdowns in India and the fear of further lockdowns worldwide.
Possible change of getting interrupted around resistance levels, but clearly downward trend for now.
First analysis and keeping it simple.
Trend channel and resistance level.
Cryptowinter is Coming?My mission for Simple Crypto is to give honest analysis to all my followers and patrons of the Simple Crypto network. As you already know, the crypto market is hurting bad and some are starting to question if the bear is now in power. Before we FUD or HODL, let us give BTC an honest look at and explore what the technical side says about this.
Is it uncommon to drop such a percentage in such a short time... YES, look at February of this year. It is not uncommon for BTC to drop 10-30% of its value in the bull cycle. IT HAPPENS, this is the world of crypto folks. Now to say this is just a simple correction on bitcoin let's look at the facts.
At best all I can see is consolidation for the time being. Here is what would indicate to me we are now in a bear market.
Small Indication: A daily close below strong support levels (Red Dotted Line)
STRONG Indication: A daily close below the support level back from earlier in the year (BLACK LINE)
These support levels are key supports and our fib retracement tool also fits these levels as well.
From fundamental analysis, I think we are very bearish. No major bullish news up ahead. A lot of FUD. Proposed Capital Gains Tax, Turkey ban on crypto as a currency and other things as well. Regardless of what you may think, the news is news and that kind of stuff reflects on the market.
Here is what would change my mind and keep me bullish.
A close above resistance and back into the Bollinger bands.
Declining sell volume and pressure. (Which I am not seeing as much as like in 2017 cycle)
Anyways I try to keep it simple. I would like to make my main point that if BTC does not do well, chances are ALT coins will not either. We must keep our eyes on BTC.
Best of Luck!
NOTE: This is not financial advice but a mere analysis on BTC.
GBPJPY Long AnalysisHello!
I want to give you some information about this analysis
So .. I chose a "Buy" position because the price intersects with several confluences of mine ..
E.g.
The price is in a demand area, it intersects with my round number, daily support and daily trendline.
As we see in the picture, the price retested my area + the round number 150,000 and the Daily trendline
Many confluences-Better chance to WIN :3
So that's why I'm going on a purchase here, because I have a good feeling for this pair.
Follow me for more explicit analysis..if you like it! <3 Thanks for viewing.
If you have different opinions you can write them in the comments section <3
EURUSD pending short actionEURUSD most recent decline occurred on February 25th and has been in an attempted recovery mode from March 31st.
- Today, we see the break of a channel and a new lower high suggesting a a continuation of the overall trend.
- What I am waiting for is a break of tested support followed by a retest to provide an opportunity for a short position to move in towards the previous low on March 31st.
- Incase of a double bottom my personal style will be to ride the trade part of the way to the March 31st low and get out with my profit incase we find ourselves a new higher low on the HTF's suggesting a reversal in direction.
- The movement I am seeing on EURUSD is being mirrored by EURGBP for added confluence. My eyes will be checking EURJPY and EURUSD for further case building.
Note - The arrow displays only the expected general movement of price, it is not precise to the pip of where price may fall and pullback to.
EURUSD Sell Opportunity The 1-day timeframe has a lower trendline and it has just touched the upper trend line part. In the 1-hour time frame, a rising wedge is being formed. The selling opportunity is a great one and it has a good risk to reward too as the imbalance is pretty good on the way to the supply zone.
Try to keep it simple and trust the technicals.
GBPCHF 4H 340pip SELL. For week starting 29.3.21Wagwarn my slimes please leave feedback to help me improve and trade safe.
We're looking at GBPCHF here which is very very overbought so we're looking at a nice sell. We may be abit late to this move but market open will delay if a bit for sure with some volatility and spread AIDS.
Price has been ranging since the 11th March and we've seen that resistance tested 6 times since then telling us it's super strong so we can definitely expect price to reject this time around. I'll be looking to short this right after the next candle close after market open (as long as the spreads have reduced).
We can see hidden bearish divergence which is much stronger on the stochastic than it is on the actual price chart - let's remember divergence is binary so it's happening or it isn't. Our stochastic indicator is super high at 92.5 (at it's peak) which is the highest it's been in a long while so we can definitely expect a big sell move on it's way.
TDI is supporting this move nicely, The red line has recently crossed over the green line right at the top of the channel just under the top band, showing that the bulls have taken over and that price is currently overbought. The red line broke out above the Bollinger bands (shark out of the water) which is another indication price is massively overbought meaning a sell is coming. Even further, the TDI's Bollinger bands are diverging, showing that volatility is increasing- hopefully this is the end of the ranging period.
I would set my TPs as so:
TP1: 1.287 60pips
TP2: 1.278 150pips
TP3 (runner): 1.2587 340pips
If you ask me this move is going to happen on monday or tuesday so keep a careful eye on this pair as these confluences are interesting.
Have a good week
Vince / Vmoney
EURNOK 4H 375pip SELL - For week starting 29.3.2021What's up please comment what I can do better.
I have spotted a smaller head and shoulders pattern (0vert last 8 days) forming on the a pull back of the EURNOK downtrend which began this time last year. The 1D trend line (orange) was recently broken up and then back down, the most recent wick up failed on the 25th and lost momentum suggesting a considerable number of swing buyers have left the market, allowing the selling pressure to increase. The 100ma is in our favour as well as the TDI indicator which is turning bearish overall.
We're looking for solid confirmation of the neckline and the 100ma being broken (especially whichever comes last) before we enter this as price could simply be ranging irregularly and catch us out. Be careful entering this on Monday as there's more fakeouts at market open. If you get in this trade around the entry shown on my screen, I would set: TP1: 50pip TP2: 90pip at fib level 1.000 meeting the yearly low and TP3 at 375pip @ fib level 1.618. We're likely going to see a rejection of fib level 1.000 so make sure you break even at tp1. SL at 40-60pip.
If we hit TP2 definitely keep a runner as we're on a downtrend and want to see monthly and yearly lows broken.
Be careful my slimes
Vince / Vmoney
