DMTradingBG

DMTradingBG Updated 

Hello everyone, This is one of the pairs I will be following this week and probably the next few weeks. I am presenting you with my plan on the H4 time frame, which can be followed and traded directly on the H4 or on lower time frames – M30 would be great. I will post Live Signals on our Twitter page based on that plan. Few words for the currency pair: So far...

DMTradingBG Updated 

Hello everyone, This is the second pair I will be following this week, probably also next week. Here on the Daily time frame the price reached a very strong Weekly, Daily and even a Monthly resistance area, from where so far on the Daily time frame a bounce is confirmed. As we can see on the Daily time frame the market has done absolutely the same thing from...

DMTradingBG Updated 

After the Gold reached the Resistance Area at 1295.4 to 1305.5 it started to form a new downtrend. At the moment the price is standing exactly on a Higher Low formed by the uptrend that started in January from the Daily support area at 1186.85 to 1178.5. Since it is a Daily Higher Low, this means that it is a level where an H4 trend is stopped. As you can see I...

DMTradingBG Updated 

The pair reached a strong Daily and Weekly Resistance area last week and is currently staying below it. In the past when the pair reached that area, a new downtrend was formed reaching all the way down either to the Middle Level at 0.7500 to 0.7480 or even going down all the way to the Support area at 0.7330 to 0.7300. I believe we will see a new Downtrend here in...

DMTradingBG Updated 

After going almost down to a strong support area, the price started retracing and formed a new uptrend in the last 2 weeks. When it reached the area between 111.60 and 111.95, the pair stalled a little bit, making a small retracement, before breaking this Middle Level Area with 2 strong bullish candles on the Daily time frame. The Middle Level Area performed well...

DMTradingBG Updated 

Hello everyone I am posting my plan for the NZD/USD currency pair. After a very long uptrend that started in the middle of May, the pair has finally reached a strong weekly and daily resistance area around 0.7325. The weekly candle closed below that area and currently the pair is moving down on the Daily time frame, so a possible bearish engulfing might occur by...

DMTradingBG Updated 

Hello everyone, This is my plan on the USD/CAD currency pair. After a nice swing down, caused by a bounce of resistance area, which was first broken, the pair reached a middle ground which seems to be a very good H4 support area. Also on the Daily time frame we can see that the pair made a “Test bar”, about which you can read on our Blog . I think it is a very...

DMTradingBG Updated 

Hey everyone, I am presenting you my plan for the EUR/JPY currency pair. Quick overview of the conditions: The pair was moving for quite some time between two areas – support and resistance. The price was locked inside around 122.80 as a bottom and 125.70 as a top. For the past few days we can see on the H4 chart that the price formed a square formation exactly at...

DMTradingBG Updated 

Hey everyone, This is my idea on the USD/JPY on the H4 time frame. We can see that after an extensive downtrend the last 3 days from the previous week were devoted to a retracement. The level from which the pair bounced a few times, before breaking it, at around 110.65 proved to be a good support, which now turned resistance after broken. Also this level is a...

DMTradingBG Updated 

Hey guys, This is my analysis on the EUR/USD currency pair on which I am waiting for a development from last week. I am posting it now since we are close to the beginning of the plan and we might see it executed today or tomorrow. Quick overview: The pair reached a strong resistance level both on Weekly and Daily time frames and was consolidating below it...

DMTradingBG Updated 

Hello everyone, So I have been going through some pairs today and I find an interesting opportunity on the EUR/JPY currency pair. Currently the pair is moving in a ranged fashion both on Daily and H4 time frames. The space between the top and bottom of the range is good enough to bag some profits. The pair is now standing just below the top of the range and the...

DMTradingBG Updated 

Hey guys, My visions on the USD/CAD are strictly hypothetical, but with the political situation and all the conflicts going on now at a very high level in the US capitol, I believe the USD is headed for a downswing. One very important report that might change everything or help us in this plan is the NFP this Friday, so if you are trading using this plan, keep...