Kangaroo-Market

Kangaroo-Market

I was taught that when the price makes a false breakout from a channel, the price will retest the other side of the channel. In this moment the price is not diverging(on this TF) and more downside looks promising. I expect also a false breakout from the big channel/big fib level before continuing to the upside. The green path drawn on the chart is a little...

Kangaroo-Market

looks like Nikkei likes a lot to trade in a range/to form channels there are two possibilities in my humble opinion: red path is the safest one: wait for the retest of the support and after that give it a try. green path: if you believe that the stock market worldwide will have a sharp turnaround, combined with the support confluences. if I add value to your...

Kangaroo-Market

the daily candle from yesterday looks very promising also, we can find a break and retest on the hourly chart the TP is around the 0.91109 price zone remember that every trade is random :)

Kangaroo-Market

the price bounced back two times from the 0.618 fib level; previous retrace was also around 28%; we will see one another 80% increase? if you are looking for a mid term trade, there is a 3 to 1 RRR; nuclear power is getting more attention; also the technology around it is getting better.

Kangaroo-Market

usually I am early to the party so I'm starting with small positions first; lets see how the price will brake from the orange zone; if we measure the previous moves, I believe that we are near the inflexion point; the first zone to look at if we brake up is 1.05. good luck!

Kangaroo-Market

managed to enter at 1313 level the price action is very bullish SL should be in the middle of the range(a little under the 0.5 fib level) but wanted to be more safe :) we should expect some resistance at the next red line level

Kangaroo-Market

reasons for the bullish side: -we have 2 support lines that are looking pretty strong(2 red lines) -0.618 fib retracement that usually is a important level reasons for short side: -after making a new high, the price reversed back under the previous high aggressively ... I would wait for more price action to make a decision

Kangaroo-Market

the weekly trendline is very important since it was respected before even on the small TF the false breakout on 1h TF is another confluence.

Kangaroo-Market

noticed an interesting fact, that a stock or any other instrument will find its bottom on ugly news and its top on good news. trying a long here and see what will happen. I believe that Charlie Munger had his reasons :)

Kangaroo-Market

there is no other way but to buy this dip :) trying to accumulate as much as possible and see where it will be in 5 years

Kangaroo-Market

it is interesting how this pair has these patterns the down moves are nearly the same :) trade safe!

Kangaroo-Market

seems like we arrived at the bottom of the channel we will form another channel to the downside or we will maintain the same PA? I will go with the first way considering the position in which $eur is right now

Kangaroo-Market

let's see if the current price is a retest; current RRR is 2:1 remember to take some profits if trade is profitable

Kangaroo-Market

looking forward to buy this chart probably it will be a dollar-cost averaging with some leverage

Kangaroo-Market

there is an HSI idea with going long a few weeks ago.. I was wrong :) now it is a better chance to accumulate some long positions; as I marked on the chart, there are 3 ways to go; as you know, the lines/channels are there just for guidance

Kangaroo-Market

seems that in the past usdmxn was a good buy during the market retracements I am accumulating slowly some positions

Kangaroo-Market

after such impulse i believe that we can go lower; at least to the level marked on the chart

Kangaroo-Market

looks like the price is heading to 1.36; still thinking about the SL; not enough strength to stay above 1.4; it can go also to 1.3?