Ascending triangle bullish pattern, price falling into an area of support, price channeling upwards on the 1 week chart.
Hello traders of the world. Thanks for clicking in! Today I'll be looking at the roaring dollar index and analyzing its potential drop off that may be coming up from this resistance zone. I've marked off the pivot highs and lows in circles and it looks like we've got a sideways trending formation coming. So if you're looking to make some trades that correlate...
GBP/USD fell into what I call a double zone. First falling into the weekly demand zone and within that a smaller time frame (8 hour chart) demand zone. My entry was at 1.3105 with a stop market order in at 1.2699. I've decided to risk 2% of my account size on this trade and looking to take off 2/3 once it hits 3:1. Dollar has been very strong recently so I may be...
Pulling up the dollar index on the a weekly timeframe we can see price heading some resistance zones. I found a few pairs where the charts look like they'd coincide perfectly with this and found AUDUSD to be a good bet. Detailed my setup on the chart for simplicity so there really isn't much to say here. Hoping to get an entry on this puppy soon.
Log chart of ETH/BTC with a trendline that has been spot on since 2016. Price coincidently is also falling into support while hitting the trendline as well. We've got a short term sideways trend as additional supporting confirmation for us to take longs on any alt coin's paired with BTC . Could this be the start of the alt coin boom again?
What's up Crypto Traders. Took a look at the log chart today on Bitcoin and decided to do what I do best with my technical analysis as you can see in the chart. Bitcoin's roar in the past few days has been the ray of hope many of us were looking for but still be weary of what's coming. As you can see the downtrending line is coincidently where the resistance zone...
Looks like Bitcoin has had some positive growth in the past few days but don't be fooled so easily. Even though it may seem like we may have possibly hit a bottom (Short term uo trend), we can't ignore the overall big picture downtrend. There are some resistance levels above current price as well that coincide well with the downtrend so be aware. Price can...
Hey traders! Hope you're having a good day wherever in the world you are :) So today I bring forth to you the dollar index which just doesn't seem like it doesn't want to give up it's monstrous run up in the past few weeks... until now I hope. I've drawn in what I think might be a good area of resistance and you know what that means. Time to look for shorting or...
What's good T.V. crew! I've described mostly what needs to be known on the chart for simplicity. Just remember that this is a counter trend trade so I'll only be entering this trade as we start exiting the 112.74 priceline.
Buying opportunity in between the zone ( 67.42 - 67.04 ). Market is still in a long term uptrend so the zone is OK to trade. I'll be waiting for price to exit the zone before I punch the buy button.
Looking to go short on the S&P E-mini Futures. Trending sideways at the moment so OK to take a short here with tight stop highlighted in red.
Found three different areas on Crude Oil where one could short for some quick dy trades. We have risen into Weekly and Daily Oil resistance levels, so any of these levels on the 15 min chart have a high probability of working. Black lines are entry lines and red are stop losses. I'm in a favor of zone number two working out as it shows a few indicators that lots...
AUD/NZD looks to be heading into big picture weekly resistance. Zoning down to a 3 hour chart to look for tighter entries I found these two zones. Higher zones usually work best and with these two being almost on top of each other, it's probably best to scale in 50% at bottom line while the other 50% in between the two zones. Looking for a 3:1 profit target at...
Dollar index in big picture resistance area so am looking to go short on a related pair. SGD/USD looks to be correlating well with my comparison on the dollar index. Will be looking for 300% ROI on this one. Bottom line is my sell short entry while the top is my protective stop.
Took a short on the USD/CHF after seeing it head into some resistance. Dollar index moved strong today so risk management has to be aggressive on this trade. Nothing stopping it from going down 5:1. Will take off initial size at 3:1, move stop to break even and then let the rest run.
Bitcoin shows to be showing major indecision. Symmetrical triangle pattern shows that price can either go down or up. The market has been a 6 months downtrend so a breakout to downside seems to be more likely.
Taking a short on GBP/CAD. Big picture resistance on the hour chart confirms a positive action to take a short on a 5 minute chart. Looking for at least 300% ROI. Will be a quick day trade.
GBP/AUD falling into weekly support. Lowered down to a 4 hour chart for a tighter entry and position sized accordingly.