Alright Guys, I've been stalking prices for a while now and I think that we're in for a long trade now. Currently in on a long position up to highs of at least 143.500/147.000. We could potentially see prices go against us quite rapidly, I've got a very tight stop anyway. HOWEVER. I'm already in profit, so let's just wait and see what happens next. Expect updates...
Investors will also be looking for the U.S. economic events like building permits, housing stats, and Philly Fed manufacturing index to determine further movements in gold. In case you don’t know, the dollar shares a strong negative correlation with gold. Therefore, the positive data may drive bears in the bullion market today. Refer to Fxleaders Aug 16 – Economic...
For the moment, gold is trading near $1,173 after placing a low of $1,160. It recently has formed a sort of a hammer candle pattern on the 2-hour chart. The hammered pattern followed by a strong bearish trend often causes a bullish reversal. That being said, can we expect a bullish reversal? I wish I could say yes, but gold is still bearish and the violation of...
Hey guys! I have made a lot of analyses on NLGBTC which showed the upside potential, however, none of them came out to be right. But then again, I have also given a clear stoploss! If you would had followed my idea, you would hadlost 10%, but you will now be able to buy 30% more NLG! But wait... Should you buy now, or should you wait? In general, the entire...
First of all, these trades are my own analysis and opinion. Every trader should do his or her own research and decide whether or not to execute on their own. My purpose in sharing these trades is to educate newer traders and to show my trading strategy in hopes of receiving constructive feedback. If you want me to continue posting my trades here then a comment,...
USDCAD TWO POSSIBLE SET UPS SCENARIO 1: Price continues its bullish run and we see a break of the counter trend line which will warrant buy positions to upside target zone. ( Possible price stalling or false break out if we fail to break the resistance/ price deceleration zone) SCENARIO 2: Price begins a bearish cycle we see a break of the ascending trend line...
At the moment, our pair continues to update the annual lows and targets at the levels of 1.2650 and 1.2600. Technical indicators point at sell and we believe that the downward movement will continue. Therefore, we advise you to look for points to enter short positions and consider the above levels as your goals.
Target coincides with 1.618 extension levels from prior pivot highs, bottom line of bear trading range and measured move break from upper trading range. Risk/Reward = 1:3
IDEA - looking like a move to 215 on the cards next week. We see a nice rejection of the EMA34 at around 204.75. If it rejects the EMA again at around 207, probability says were likely to go to 215/217.5 It's hit a resistance at 209, but trade through that next week the target is clearly 215 and probably 217.5 as a target 2.
Despite the big news, the market remains bearish, so a big support test at $ 5400 remains quite possible. But remember, while you are soaping your eyes with a great deal of volatility, the big players prepare the ground for themselves! which means - soon to start a big game! You can find a top inside new at www.dabinside.com this platform the first or at telegram...
POWR heading back down to test support at the 3100sat level for the third time. It is forming a descending triangle pattern which usually is a bearish sign. However if this support level holds for the third time it will form a triple bottom which is a strong reversal sign and we may see a decent bounce and a break out of the triangle. My ultimate entry for a...
USDCHF SIMPLE CLEAN SET UP A break of the counter trend line should warrant longs to resistance zone highlighted if we break this upside target should be achieved HOWEVER If price manages to hold below the countertrend line and we see a break of the ascending trend line we should see downside targets achieved. For more detailed information on how we identify...
TimeFRAME 1D Hit Resistance --> POTENCIAL DROP TimeFRAME 1W Downtrend --> Continuation Pattern - Flag
Hey guys, GBPUSD on 15M is in a trend rotations - market broke higher, than current OR, so I'm looking for a potential selling opportunity. If we look left - we can clearly see the previous structure level and right up that level, I've made a zone based off the AB=CD and the Fibo Extension. I'll be waiting the market to enter in the zone and then will be waiting...
Expect to test this resistance before a dump to new lows. Setting bids with Tight SLs.
Trade Journal: Expecting a short-term rally after persistent dumping. 1: Expecting to range towards the bottom of the supply zone. 2: Expecting breakout to retest previous support. 3: 1/2 position speculative long with tight SL. Supporting: RSI should head into the oversold area. Bankroll was decimated in a previous trade with no SL in place. Mental...
POWR is respecting the short term downward trend and is forming into a falling wedge. Coming down to the lowest level it has been for quite some time, I have a buy zone of around 3000 satoshi just above a strong weekly level of support. Once we reach this level I will be watching very closely for potential long positions. Some potentially huge gains to be...