So, I'm no expert at this just yet but I have been practicing and seem to think that this idea will play out as I am predicting it to... Please don't take this idea as financial or trading advice of any kind - instead, if it is not correct, can someone please tell me where I went wrong? Happy trading everyone!
Price has broke structure and confirmed it by retesting the support it broke as resistance. Its possible price can retrace to retest structure to continue down. On lower time frame price does look a little corrective so its possible price can reverse to the 150.250 - 150.750 price range then drop down to around 147.500
you can buy now on the following fibonacci or don't buy at all 😂 61.8% = 54682$ 50% = 52451$ 38.2% = 50222$
The over all weekly Trend is Bullish and is highly respected and the market has reached a highly respected area in which it reversed last time. I'm open to comments.
Imagine, you run a strategy and you are looking at the equity chart to see over time how and when it was profitable. It is a timeline showing your equity if you had been trading. Now imagine that the equity chart has cross hairs just like the price chart, and in this case, your cross hairs on the equity chart match the same time as the cross hairs on the price...
Hello guys, welcome back . I strongly believe that the usd/jpy will visit again the short term bullish trend support line and after that we probably see USD/JPY to touch the monthly Resistance trend line. Of course, if the short plays out, we have to re analyse the market and depend on the price action we will decide if it's continuation up trend or reversal and...
Hello my fellow crypto-traders (my dearest souls). I want to share with you a very simple but powerful strategy. A strategy so simple that anybody can use with no knowledge or background in trading. After just reading this educational idea, you can use it forever and ever, or use it as a stepping stone to learn even more. Let's get started. Here I want to share...
The horizontal redline coincides with a flat kumo and flat kijun indicating strong support level for BTC. Keep an eye out as we move closer towards that level. For those in BCH, trade accordingly. Happy trades, fellas.
USDCHF- 1W > 10/22/2017 IND: 20 SMA / 100 SMA Broken resistance @ 0.9835 indicates further rise to 0.9990 testing w/20 SMA adding additional confirmation to uptrend. Break of 0.9846 from weekly 100 SMA adds confirmation to upward momentum, IMO. Break and Hold above 0.9990 indicates further rise to 1.0342 re-test resistance. Key support @ 0.9736 with break and...
EURJPY - 1W > 10/22/2017 Pair remains trading in 131.69 - 134.39 range Decisive Break and Hold above 134.39 indicates further rise to 141.04 re-test in longterm Decisive Break and Hold below 131.69 indicates further decline to re-test of 127.55 support in longterm Personal bias: Neutral * Personal analysis only. Please use your own rules and strategies prior...
USDCAD Longterm Range: 1.2445 > 1.3130 Broken resistance @ 1.2598 indicates possible further rise to 1.2777 level in test of resistance In Longterm, Break and Hold above 1.2777 could see rise to 1.3065 / 1.3130 levels 1.2432 support must hold for above set-up to maintain validity through end of 2017 * Personal analysis only. Please use your own rules and...
USDJPY > Week of October 22, 2017 Pivot Point @ 113.20 R3 114.97 R2 114.28 R1 113.90 S1 112.82 S2 112.13 S3 111.75 Overall bias: Bullish to 114.40 > 114.86 w/ possible test to 115.00 area * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully...
USDCAD > Week of October 22, 2017 Pivot Point @ 1.25780 R3 1.28380 R2 1.27350 R1 1.26810 S1 1.25240 S2 1.24210 S3 1.23670 Overall bias: Bullish to 1.27745 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial...
EURUSD > Week of October 22, 2017 Pivot Point @ 1.1802 R3 1.1939 R2 1.1899 R1 1.1842 S1 1.1748 S2 1.1706 S3 1.1649 S/T bias: Bullish to 1.1960 w/possible test to 1.2090 area L/T bias: Bearish to 1.1700 > 1.1650 area * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before...
ECH seems building some momentum to the down side. It is a basically short on CHILE. we are watching it for potential shorting opportunity at the break of 50SMA ($42.77) Please check back for Trade updates. (Note: Trade update is little delayed here.)
CHD seems breaking down from an upward channel. It crossed down the lower channel line & seems it will go down further. We are looking for a quick short opportunity here. * Trade Criteria * Date First Found- May 1st, 2017 Pattern/Why- Upward channel breakdown Entry Target Criteria- Break of $49.32 Exit Target Criteria- $48.25 Stop Loss Criteria- N/A...
CAMP seems forming a possible flag formation. For breakout confirmation it need to break high of today ($18), and as flag continuation it can go around $19.80 * Trade Criteria * Date First Found- April 24, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $18.13 Exit Target Criteria- $19.77 Stop Loss Criteria- $17.43 Please check back for...
HOG was running within an upward channel formation, which broken just recently. We think with the falling oil price it will decline further. According to Upward channel breakdown we got target or $45.33. To play this we would consider $55 Aug-17 puts * Trade Criteria * Date first found- April 20, 2017 Pattern/Why- Upward channel breakdown, Falling Oil price ...