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Three Drives

Gold still going up by the wayThe price is at the 1.618 extension which gold seems to sometimes respect, and the bulls were able to defend the small bounce of the past month. This is the 3 drives pattern trade that I just criticized in my USDCAD idea 😂 but I'm buying for other reasons, the major problem I mentionned (other than absolutely wanting to go against trends being stupid) was the risk reward, and here with the double bottom and other technicals the risk is small. It is really interesting to compare Gold to Bitcoin that is being bought in the same way for similar reasons. This is the entire point of this business. A big amount of testicular fortitude is required. The world is more risk averse and scared than ever (look at covid reactions). Now is when the world needs bold speculators, which is not the same as dumb gamblers and day traders. Ignorance =/= courage. I think I will split my buying in 2 with a part going into a knockout turbo on IG with the stop and the other part will be a 1-2 month call with no SL as I can't be too sure of where the stop should be, the price could rapidly fall and get bought up (fake selling climax like Silver and Bitcoin a few months ago). In any case, limited risk as I am the house, not the gambler.
TVC:GOLDLong
by MrRenev
#BTC might do ascending triangle alright, so the first plan has worked out perfectly so far!! 3drive was perfect caught the short but missed long entry by 100$ (will haunt me forever) cleaned up the chart & looking at it, it's possible that we might form an ascending triangle here I am waiting on red resistance to test & reject 3drive idea is still valid & it is possible that we might reject from 64xxx dump down to 40xxx I am a trader, the way I make money is longing & shorting so as long as we catch the 10% move on 10x I am happy chappie :) waiting on next few daily closes to decide but so far we are about to hit resistance & I am not interested in longing here
by Bromadic
BTC target and PRZ predictDue to three reason to predict BTC route. 1. BTC had been run a two drive(at Day figure),if the third drive complete ,it maybe produce a strong PRZ at 73000 ; in three drive pattern, I can predict BTC will retracement to 0.236 fibonacci number( 0.786 retracement ) if the three drive complete and the price reach 73000. 2.now the 4H of BTC has form a 0.382 retracement , and if the support be strong , the price maybe will go to 1.382-1.5-1.618 fibonacci numbers(in bull market);then, the 4H 1.5 fibonacci will superposition to the Day of three drive ; due to fibonacci numbers in two different scale, the strong PRZ will come out as posible. 3. Elliot wave theory's third wave is coming, when the third wave end, the trend will reverse to short.
Long
by bonewei
EURGBP BAT Harmonic PatternLike and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck NOTES: - All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol. - We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade. - Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader. - Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style. Best Regards.
Short
by FXTurkey
USDTRY is getting close to the buy zone once againIn our last USDTRY analysis we spotted the reversal at 6.90 zone correctly. After realizing out profits there, we'll try to get them back just under 7.20 level. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck NOTES: - All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol. - We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade. - Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader. - Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style. Best Regards.
Long
by FXTurkey
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