GJ is at a key 4 hour support, we are looking for price to bounce off this support, we are keeping a close eye on this trade before we send out the signal to our clients, but this is looking like a really strong setup that will catch a few pips. If you are interested in joining our team then we offer a 2 weeks free trial if you message us.
In this chart we are looking at Netflix on the daily timeframe, you can see that although price is in a downtrend it is also coming down and testing some very strong support, the price has tested and bounced off this support before ( purple circles ) Price is also nearly at the tip of a wedge formation, a breakout of this wedge in a bullish way will see price...
As we can see we have a really well respected resistance level on a high timeframe, this must be respected, We are expecting a bounce and a bearish move off this level as the US economy is strengthening again the gold prices will go down as when the US economy weakens people invest in gold as its a " safe investment " but when the economy strengthens people sell...
As you can see from the chart we have used purple lines to show key support and resistance levels ( levels where price has bounced off in either direction ) Even after the market crash of 2008 the price eventually found key support and resistance levels that had been used years before. The price respects these levels as thousands of traders will also be watching...
As you can see from our chart we have a very clear and strong support level that has been tested a number of times on the daily timeframe ( we have circled these areas ) Price is now at that level and everything technical and fundamental points towards this level been used as a springboard to allow price to bounce once again. All entry SL and TP will be sent...
Facebook in technical terms is screwed. All the lawsuits and bad press surrounding Facebook over the past year has forced its price lower, both technical and fundamental analysis look bad for Facebook. You can see from our chart that price has been respecting a bearish trend line and using it as resistance, this lines up with fundamentals and we can only see...
DJI had a lovely 5% rally today but as you can see from our 4 hour chart it has been respecting a very strong trend line it has been using as resistance, price is coming up to test this level again and we are expecting another clear bounce. We can also see another economic crash coming in the not to far future, all signs are pointing toward this. All entry TP...