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Traderlifestyle

The cold-blooded sniper.We all should be looking at GOLD right now, and I’m going to tell you why. Keep in mind this is a Multi Time Frame Analysis , with no indicators , just the candles (I like to keep things simple). First, we see a triangle pattern here. In theory, it’s a continuation pattern, and the target of this trade would be near U$ 1,800 (coincidently, a previous top, dating way back 2012). But (there’s always a “but”), it could break downwards. In that case, GOLD would meet some supports, and they are relatively strong, just look at the chart. Support 1 = 38.2% fib retracement + previous top. Support 2 = 61.8% fib + previous bottom. And that’s good for the bulls, right? Yes, especially if they manage to keep the price above U$ 1,690. Why? Well, let’s look the hourly chart: See how important the U$ 1,690 is? It’s a real WAR ZONE between bulls and bears. But remember, the bears also have their reasons to show up. Yes, they would have to face some strong supports, but they already gave us some signs that they are stronger than we might think. Let’s look at the weekly chart for more clues: See that Shooting Star ? It wasn’t fully triggered, but neither was cancelled by the bulls. If lost, we can see the price meeting some of the supports we mentioned previously. To summarize, a trader can use multiple timeframes to guide him/herself through the market. It’s complex, yes, but for now we must be calm, and wait for the opportunity. Like a sniper . Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:GOLD
by Nathan_The_Finance_Hydra
2
Potential short EUR/GBPThis pair is testing a very interesting zone. We have retraced to a support zone in a down trend, meaning we can now once again look for short positions! If /when this pair offers me a confirmation on 1H and or 4H as well as 1D, I will look to take this pair down to the pervious low, which also happens to be a round number. If you are keen to learn my strategy, as well as how to get started trading fx, feel free to drop me a DM on here or over on my IG @saxonpooley! Have a Great week!
Short
by ProsperousTechnician
XMRUSD LONG - 73$ awaitsHey everyone! My personal favorite after doing a quick scan vs USD pairs today. Monero has shown several signs of accumulation in my most recent volume algorithm and expect it to move similar to Dash (which today exploded!). Either way, very nice balance between highs and lows, Fibonacci compliant and the cherry on the top: Point of Control also in there! Haven't even mentioned the Risk-Reward-Ratio 🔥 I'm not one of using these emojis often, but DAMN. Let's see how it goes. Take care, Vlad the Crypto Trader
XLong
by Be_Independent_Tribe
Possible EUR/USD Short Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 1-2 Days A – Activating Event Market will meet resistance in zone @ Current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 1.100 C - Fundamentals that may affect the pair N/A D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 1.100 Target 2 @ .... Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
3