NZD/CAD is a few months in an uptrend and what happened in last weeks I would call a correction because the market is giving us a signal for a beautiful buy! The drop of last weeks was slow and weak and now the market got to an interesting level where almost everytime market reacted in the past, so why would not it react now? Another thing which we can see is that...
USD/CHF is in the zone, where market almost always reacted in the past, so we can expect reaction now too! Moreover, there is Fibonacci 50% of the whole move down which almost always works as a place where market turns and there is a trendline too. After open on Monday I will try to find a good entry with a stoploss 50-100 pips and HODL for life. Important is to...
After a strong decline on DAX by more than -10% there was created a consolidation and currently, DAX is at the top of the consolidation which signals another bounce. Moreover, there is also SMA200 and when the market will touch it, it confirms our thought about shorting the market.
I was waiting for this opportunity a few months and now here we are and I am in! This pair is finally at the level of Frank shock from 3 years ago, where is highly probable that market will react and will go down. I have stoploss 130 pips and takeprofit down there, but maybe I will cut it sooner. In my MT4 there is also a divergence, but I was not able to see it...
After a long uptrend a correction came at the beginning this year around 860 pips and since then the market moves sideways. We could see a successful creation of double bottom with huge engulfing pattern and now the market is giving us a signal for a double top. Firstly the market stopped at 132.43, but then it created falesbreak and pin bar after which we can...
When you look at the chart you can see a beautiful trendline holding uptrend for a long time. When I saw the market going closer to trendline I was looking for the right entry which I really have found at Fibo 61.8% + Support which you can see better from 4h timeframe. Moreover, the idea of long GBP/NZD is also supported by very visible divergence. I used stoploss...
