DLavrov

DLavrov

What do you think about such a long trade from EURGBP? There are following reasons for buying: - the price is moving in the bullish trend - there is a correction movement - the price reached the support zone formed by SMAs and the trend line - MACD histogram confirmed the price reversal - RSI is going to confirm the price reversal - DMI does not confirm the...

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Let's look at the 1H timeframe where we have an uptrend in the borders of the ascending price channel. The price reached the support zone formed by SMA100, the main uptrend line, and 107.400 support level. The market corrected the previous upward movement, and now it is ready to continue the uptrend. The price action at this support zone will be able to give us...

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What do you think about such a long trade? The market is bullish in the 1H timeframe. The price bounced from the support zone after a correction movement. RSI and MACD confirmed the price reversal and a possible upward movement. If the price moves above SMA100, it will show the strength of buyers. Stop orders must be placed below SMA200 and the local swing low....

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The price broke SMA200 and the main uptrend line. We can say that the market is developing a downtrend. If so, it will be better for us to search for a selling opportunity. If the price breaks 132.00 support, it will give us a sell signal. Stop orders must be placed above the local swing high and SMA50. The profit target should be at 129.250 support. Risk per...

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The 1H timeframe shows us how the market is going up. We can draw an ascending price channel using high highs and high lows. Such a structure also tells us about an uptrend. If we have the bullish market at least in the 1H chart, it is possible to trade in the direction of the local trend. Long trades should be opened at the uptrend line with stop orders below...

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The price reached 0.94000 resistance zone, and buyers can't continue the uptrend. We see a consolidation that will be changed by a new upward or downward movement. If the price breaks 0.94000 resistance and the local swing high, it will be a bullish signal. Stop orders must be placed below SMA100. The main profit target should be at the next round number...

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Let's think together what novice traders should do if they want to make money from the beginning, and they don't want to blow up their capital? First of all, we need to describe who novice traders are. You may guess the following: - a novice trader is a boy or a girl who starts trading in the financial markets from scratch, - a novice trader dreams about making...

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The daily chart looks bearish. I won't be surprised if we see a new downside movement to the key support. I wrote about it in the previous post, which you can find in the related ideas. Please, read it in order to see the whole picture. As for the 4H chart, the price bounced from the broken downtrend line and 9000USD support. It gave us a new swing low, which...

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It looks like GBPUSD is going to continue the downtrend. The price bounced from SMAs and the main downtrend line. The price could break the uptrend line as well. It gives us a bearish signal. MACD supports the further downside movement. DMI is bearish, and ADX line is moving upside. It is a signal that sellers become active. If so, we have to search for exact...

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The price reached the support zone at 78.00 level. In spite of a breakout below SMA200 and a solid trend reversal signal, the price can move back and continue the upside movement. For this, the price has to stay above the support. When the price moves above SMA200, it will be a possible buying opportunity with stop orders below 78.00 support and profit targets at...

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The price dropped below SMAs with 100 and 200 periods, and we can say that it is a bearish signal from the 4H chart. What does it mean? It means that the market can start a new downtrend. We can see that 215USD support stopped the downside movement. Sellers could not pass this barrier, and we got the price reversal. A new swing low, which was formed after the...

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The price stays at the support zone formed by the uptrend line and 132.00 support level. The price action in this zone will be able to give interesting trade opportunities in both directions. The bearish variant is based on the breakout below 132.00 support and the local swing low. As we can see, the price broke the uptrend line, and it gives us a trend reversal...

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We can find reasons to think that the market will go up. For this, we just need to use hourly timeframes where the price is at the support zone, and it can become a starting point for a new uptrend. But let's look at the daily chart, just in order to see the whole picture and better understand where we are and what we should expect from the market in several...

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The previous long trade was closed by stop. It was based on the price reversal from the support zone. Those who think that in trading there must be only profitable trades, they should be disappointed by such price action. Those who understand that any profitable trading includes a lot of trades closed by stop order, they could open a new long position based on a...

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The price action could form an ascending price channel. We can expect the price will continue the upside movement in the borders on this channel. Now the price is at the support zone formed by 230USD support, SMA200, and the local uptrend line. The bullish candle gives a buy signal with stop orders below 230USD and the profit target at 250USD. For buyers, it...

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The price bounced from 9800USD resistance and moved back to 9250USD support. Look at the past performance of buyers and sellers at the zone between 9250USD and 9000USD. Based on the price action, we can say that this zone is very important for the market. For buyers, it is very important to keep the price above 9000USD. This support zone will be the basis for a...

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The market looks bullish in the daily chart, but the price is not far from the 1st resistance. We should be ready to see a pullback from this resistance, and it will be a possible selling opportunity in the hourly charts. Let's look at the 1H timeframe where we have a bearish divergence. It is a trend reversal signal. Also, the price broke the local uptrend line,...

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From time to time, I get messages from you asking why I don't provide trading signals with exact entry and exit points like other traders do. In this post, I would like to add more arguments to my previous statements explaining why trading signals are useless for novice traders. I wrote in this post that trading signals wouldn't make you rich. Please read it....