Investroy

Investroy

Setup #1 : EUR/GBP As we can notice from the graph, the price has had a massive bullish run to the upside. We also know that after an impulsive move, a correctional one is needed. At the moment, the price is forming a top at the area of resistance that is illustrated on the chart before charging up for bearish moves. A double top pattern has been formed, which...

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The sentiment of EURUSD remains bearish, and hence, we are looking for short positions. At the moment, we can observe how a massive bullish candle is attempting to break above the sideways-moving mini-range. We believe that the purpose of this move is to grab liquidity above the local zone before dumping all the way down till the zone indicated on the chart and...

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As it can be inferred from the graph, the price is currently correcting the impulsive move that took place last week and approaching the 50% Fibonacci retracement level. From there, we will monitor the price action and expect for the price to keep rising and reach the area of resistance plotted on the chart.

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Happy new trading week, friends! As you can tell the text above is a satire. However, unironically some of us still make the mistakes above that take you from Hero to Zero. What are the most common mistakes we can avoid in our trading journey? Let's take a look. 1. Taking revenge or jumping into the market because you think you found the trade of your life is the...

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As it can be inferred from the 8H timeframe chart, the price has formed a double bottom pattern on a strong level of support. Considering the fact that after an impulsive move, a correctional one is needed, we are expecting for the price to keep rising and reach the area of the STF LL as plotted on the graph to compensate for the massive bearish drop that has occurred.

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As it can be noticed from the 8H timeframe chart of BITCOIN, the price has broken out of the ascending channel illustrated on the graph and is now in the process of pulling back to re-test the penetrated key zone that lines up with the 0.618 Fibonacci retracement level. Multiple confluences are showing that the sentiment of this security is expected to remain...

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Happy Chewsday, traders! Some of you reached out and asked for more educational articles and we’re here to deliver. Relatively simple but important topic of entries is going to be lightly covered today. The image above should be pretty self-explanatory, but to cover it in more details: There are 4 main entry types. - Range fadde is when we buy the bottoms and...

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The price has reached an important intraday zone of resistance. Our bias for this pair remains bullish and we are looking for BUY entries. However, the current area is not a suitable one to go long from. Thus, we are waiting for the price to re-visit the 0.949 area of support and complete the formation of the right shoulder of the inverse H&S pattern before...

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As it can be clearly inferred from the 8H timeframe chart, the price has spiked above the upper boundary of the descending channel plotted on the chart to grab liquidity and immediately dropped back. At the moment, we can see that the price is being unable to push lower and needs some pullback to recharge for further bearish moves. Thus, we are waiting for the...

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As it can be inferred from the 8h timeframe graph of EUR/USD, the price is slowly approaching a critical zone of support where the USD equals the EUR and is even more appreciated. Looking at the technical side of events, after an impulsive move, a correctional one should follow. Although our sentiment remains bearish on this pair, we are expecting for some...

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Taking a look at the WEEKLY timeframe chart, we can see how the price has bounced off the major zone of support plotted on the graph. Zooming down to lower timeframes, it can be observed that the price is on the verge of breaking above the local zone of resistance (from both fundamental and technical perspectives). From there, we will give the price some room to...

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Firstly, looking at the higher timeframe charts, it can be clearly observed that the sentiment of the market is bullish. Thus, the direction is identified - uptrend. Zooming into the DAILY (D) timeframe graph, we can notice how the 133.3 price level is acting as a strong zone of support and being rejected. Looking even closer, it can be inferred that the price...

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As it can be clearly observed from the H8 timeframe chart, the price has rejected the upper boundary of the descending channel plotted on the graph that lines up with the 61.8% Fibonacci retracement level. To add more confluences, the same zone aligns with a previous area of support now turned into resistance (previous Lower Low). While the price has broken the...

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As it can be inferred from the DAILY timeframe chart of GBP/JPY, a sideways-moving range has been formed and the price is sitting on the lower boundary of it at the moment. With the sentiment of the market being bullish and the JPY remaining weak for the past couple of months, we strongly believe that the price will keep rising from here on. With our Stop Loss...

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Firstly, taking a look at the WEEKLY timeframe chart, we can clearly observe how the price has reached a key level of resistance that lines up with the upper boundary of the descending channel plotted on the graph. At the same time, the same level aligns with the 0.618 Fibonacci retracement level. Zooming into lower timeframe charts, we can add extra confluences...

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As it can be clearly inferred from the DAILY timeframe graph, a neat descending channel has been formed and the price has successfully rejected the upper boundary of it. From here on, we are expecting for the price to keep dropping and reach the area of support plotted on the chart.

Investroy

Updating the previous EUR/USD where we received many controversial comments from people not accounting for the current fundamentals. Yes, from the technical perspective, things looked bearish. However, the price proved many people wrong by spiking above the sideways-moving rectangular box and re-testing the upper boundary of it. Moreover, as portrayed on the...

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As it can be observed from the graphical illustration, the price has nicely broken above the zone of the previous Lower High and re-tested it. The current bullish pressure and candlestick development gives us enough confidence that the price will keep rising. Thus, we are entering long positions and aiming for the two target plotted on the graph.