Investroy

Investroy

As it can be inferred from the DAILY timeframe graph of EUR/GBP, initially, the price has heavily bounced off the 0.872 area of support and made its way to the upside. Afterwards, we witnessed the ability of the price to break above the 0.877 - 0.878 key region and massively impulse to the upside. Then, we witnessed a correctional phase as the price pulled back...

Investroy

Both technically and fundamentally, the sentiment of USD/CHF is leaning towards bears. As it can be inferred from the recent price action, a crucial area of resistance lining up with the 50% Fibonacci retracement level has been rejected, which implies that a new bearish wave might be around the corner. Thus, we are closely monitoring the price action and looking...

Investroy

Looking at the Daily timeframe graph on the left-hand side of the screen, we may observe how the price has nicely rejected a crucial area of support highlighted on the chart by printing a huge wick candle the tail of which has bounced off the 61.8% Fibonacci retracement level drawn from the beginning of the recent impulse. Zooming in and observing H16, H8, and H4...

Investroy

As it can be inferred from the graph, the price has formed a nice descending channel pattern and is on the verge of breaking the lower boundary of it. If a breakout happens, we will see an impulsive drop. However, we are expecting for a one more re-touch of the descending trendline of the triangle before a full-scale “jump off the cliff” mission can be commenced.

Investroy

Last week, when the price was sitting around the 1.202 - 1.204 zone, we executed long positions and aimed for the current level of crucial resistance. Now that a decent double top pattern has been formed, we are expecting for a deep bearish leg and liquidity grab before the uptrend may resume. We are aiming towards entering short positions upon further price...

Investroy

Hey there, traders. One of the common tools we use for technical analysis are Fib retracements and a lot of you been asking on how to use them properly. Well, today is your lucky day :) Fibonacci Retracement is a technical analysis tool that is widely used by traders to identify potential levels of support and resistance in financial markets, including forex...

Investroy

As it can be illustrated on higher-timeframe graphs, the price has successfully broken out of the wedge plotted on the chart and is now on the verge of re-testing the penetrated structure before POTENTIALLY continuing its bullish movements. We are awaiting for a possible dip below the current support before going long and aiming for the target pictured on the graphic.

Investroy

Undoubtedly, after an impulsive leg, a correctional one is needed. Analysing the HTF view of USD/CHF, we may observe that the price has experienced a massive drop and it needs some rest before POTENTIALLY dropping even deeper. Therefore, we are eyeing the zone of support illustrated on the graph for entering short-term long positions and aiming for the 50%...

Investroy

Firstly, let's take a look at the Weekly timeframe graph as illustrated on the left-hand side of the screen. We may observe that the price has been consecutively printing massive bullish candles after having rejected a crucial level of support (1802 - 1810) highlighted on the graphic. Zooming into the Daily timeframe chart, it can be inferred that the price has...

Investroy

The price has successfully rejected the ascending trendline plotted on the graph that lines up with a key area of support and is now impulsive to the upside. Due to the fact that a valid bottom pattern has not been fully formed yet, we would expect for the price to re-touch the entry zone highlighted on the chart once again before initiating a full-scale bullish launch.

Investroy

Looking at the 2D timeframe chart of USD/CAD, we may observe that a descending triangle pattern has been formed and that the price has successfully broken the upper boundary (the descending trendline) of it. Using the Fibonacci retracement tool, we might identify that the 38.2% key Fibonacci level nicely lines up with a crucial area of previous resistance that now...

Investroy

We have mentioned it in a list of our previous educational posts and we will state it again: your risk-reward plan is much more important than your win rate. You can have a 90% win rate and still be losing in the long-run. On the contrary, you only need a 35% win rate to be a consistently profitable trader on the longer term. Beginners mainly focus on winning as...

Investroy

As it can be identified from the higher-timeframe graphs, the price has formed some sort of a triple top, which is a sign of incapability of a bullish break. From here, we are expecting for the price to perform a solid, potentially a 100-pip drop and reach the level identified on the graph (area of the previous Higher High that lines up with the 50% Fibonacci...

Investroy

Taking a look at the Monthly candle closure, we might observe that the price has printed a massive wick candle to the upside, implying that bears are in control. A massive impulsive push from the 0.876 area of support into the 0.888 level of the upper boundary of the descending channel plotted on the graph, might bring some buyers into the game, as they would...

Investroy

Now that the price has rejected the declining trend-line illustrated on the graph that nicely aligns with a key resistance level and the 50% Fibonacci retracement level identified on the DAILY timeframe, we are pretty positive about the fact that the bearish moves will continue. Have a great Tuesday. Investroy

Investroy

After breaking and re-testing the lower barrier of the descending channel plotted on the graph, we might conclude that the current sentiment for this pair is clearly bearish. Recently, the price has been ranging within the boundaries of the mini-descending channel identified on the chart, and at the exact moment, the lower barrier of the same channel (that...

Investroy

“You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes." - the exact line that Morpheus used when offering Neo a choice between two options. You may wonder how this legendary Matrix reference is related to the trading...

Investroy

The massive bearish reversal at the 1960 - 1950 region has led to a dramatic drop in the price of Gold. Luckily, the price action has been absolutely fantastic and ideal for entering both short and long term trades and riding the bearish waves. We may observe how the price has been actively following the impulse + correction pattern. At the moment, we are sitting...