ForexCollege

ForexCollege Updated 

Can we possible see a bearish move on Gold? Looking at this 1h chart we can see a Head and Shoulder pattern in the making. Now remember a pattern is not a pattern until confirmed. In this case we will wait for a break of the neck line, and we can see that our downside target (head neckline projection) falls at a support area. Form experience we've learned that if...

ForexCollege Updated 

Looking at this 1h chart on Silver we get the idea that n triple top pattern might be forming, but we do know that a pattern is not a pattern until confirmed. Price is currently at the support are of the patter, and it can be traded in 3 ways, we can place pending order to sell below support area, or wait forbreak of support and then a pullback to the support...

ForexCollege

We can see a recovery from the drop and violation of down trending lines. It looks like the bulls are back in control, and we will look for buy opportunities on retracements. On higher time frames it might be a different story, however for the purposes of this post we only focus on the 1 hour time frame and the price action taking place. Always consider what the...

ForexCollege

On this instrument we notice something like a range but not really. The price have a difficulty to break either support or resistance, this behavior can almost come down to a none-trending environment. If you can't clearly define the direction of the price, then place it on the list for later and rather focus on trending markets on your watchlist. Not sure how to...

ForexCollege Updated 

We like to believe that we have wedge continuation pattern in play on the 15 min time frame. When looking at higher time frames its a different story. It all depends on the type of trader you are. What we will do most of the time is to take trades on higher time frames and hedge against those trades on lower time frames. Like to learn more abut trading multiple...

ForexCollege Updated 

As trader you have to consider all the possible moves the market can take. In our BTCUSD case we do expect the BTC to weaken against the USD. However we will read the candlesticks around areas of importance before taking appropriate action. This is just our view, idea and for educational purposes and should not be considered as an instruction to buy or sell the...

ForexCollege Updated 

Always consider what the price can do. In this chart we look at the massive bearish move after a rising wedge pattern, and take it that this instrument is bearish for now, so high probability trades will be to the downside. However you should always consider what the market can do. After a massive drop like this we can expect some sort of retracement (in level 3...

ForexCollege Updated 

Again we have a rising wedge, indicating a possible uptrend reversal. We consider all the moves the price can possibly make. From the last rising wedge experience, we've learned that the price can easily rally if a reversal pattern does not work out. Trading within the pattern reduces profits and increase risk. Personal BIAS plays a vital role in decision making...

ForexCollege Updated 

What we can possibly expect from XRPUSD. This is only our opinion and the price direction can change in the blink of an eye. Like to learn more about us. Have a good one.

ForexCollege Updated 

Can it be possible that we have a double top pattern? On the chart we indicate possible moves using arrow lines to trade this setup. The next possibility is, can the price move to 70k? For now, we will see this as a tentative Double Top Pattern and trade it to the downside, using well calculated stop-loss just above resistance. Should it hit support we will...

ForexCollege Updated 

On the chart I have indicated an uptrend, two sideways trends and a Choppy market. The best one is the Choppy Market / Trader Killer, as I like to call it, this is where inexperienced traders get hammered and most of the time bust trading accounts and are sometimes out of the trading game for good. Watch out and trade choppy markets with caution. This is for...

ForexCollege Updated 

Looking at this illustration we can see that the price of Silver is moving in a sideways trend, How long this fight between the bulls and the bears are going to continue we have no idea. If you trade on low timeframes you can trade within the rectangle, but if you are a more conservative trader and have patience you can wait for a breakup or break down. ...

ForexCollege Updated 

Price close to our first target area. Again we are back to consider what the market can do, and come up with candidate moves for our best next trade. Possible scenarios indicated with arrows. If we see a break of the rising resistance line then we will re analyze. Information, charts or examples contained in this analysis are for illustration and educational...

ForexCollege Updated 

The rising wedge pattern typically represent a reversal, however in market conditions lately we've learned to stay open minded and that anything is possible. We will focus on the candlestick story teller within the patter. Is it the bulls or the bears who dominate this pattern?. A trick we use is to fade the candles, at this point in time it seems like the bulls...

ForexCollege Updated 

At this point we can not see any evidence that a trend change will take place soon. We do expect a correction of some sort and will use Fibonacci retracement if needed, but if the correction don't happen then the price might rally to the upside and we will be good to ride that wave to. This is only our opinion of what we think the market can possible do , and our...

ForexCollege Updated 

Always consider what the market can do, come up with candidate moves for your next trade, and select the move with the highest probability. We might have a tentative bearish pattern and expect a break to the down side. However with all the uncertainty we will stay open for a move higher. On this chart we can see a horizontal and up trending line intersect at the...

ForexCollege Updated 

Price (1hour) is getting close to the apex of two converging lines. Normally the price breaks before the apex, if the price start swinging around this area it is indication of high volatility (bears and bulls are fighting heavy). Or should I say retail traders and hedge funds. Can we expect a thrust move up or down. Always consider what the market can do and then...