Technician

Technician

Bullish three drives pattern completes at the 78.6 retracement level for the overall bullish wave. Meanwhile, the price trades at the descending support for the latest bearish wave. Aggressive traders may take this trade without confirmation. But i prefer to wait for a final confirmation. Remember -Never risk more than 2% of your balance on a single trade....

Technician Updated 

Action: Sell Limit at 8.477 T1: 8.407 T2: 8.308 S.L: 8.516 This Trade will have Risk of capital of 2% For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance...

Technician Updated 

NZDCAD just like EURCAD is at interesting potential resistance area. The price is trading near the top of outlined 6+ months sideways range, stochastic is overbought. In my oscillators tutorial , we discussed how oscillators signals are more reliable in sideways market. I am waiting for a final short term confirmation to short this. If i don't get confirmation...

Technician

This is not a trade yet, but i am eyeing this resistance area for at least a potential downside pullback. The major swing high and the 1.271 extension align around the same levels, while Stochastic shows bearish divergence.

Technician Updated 

Hello Everyone, I have started to publish my trades live here at tradingview. I will be publishing my next 60 Trades in public. I will update the trades as they progress and will calculate profit/loss after each trade. It will be fully transparent as you will see the progress in real time. I have already published 7 trades so far, starting from May 11. I...

Technician Updated 

Reasoning Bullish breakout above falling wedge Breakout in the direction of the main daily trend Bullish engulfing candle on the daily chart Stochastic near oversold on the daily Trade Levels Entry: Buy at 1.5850 - Target 1: 1.5993 - Target 2: 1.6150 SL: 1.5778- Avg. RR = 3 This Trade will have Risk of capital of 1.5% Stats...

Technician

Support and Resistance is a key concept in technical analysis. Traders keep a close eye on them to identify important areas on the chart that can provide high probability trades. You must always remember that technical analysis, including support and resistance is not a perfect science. And you should treat it that way to be able to use it correctly....

Technician Updated 

Reasoning Strong short term uptrend Pullback to rising trend line Hammer candle at trend line Earlier breakout above 200-days and 50-days simple moving averages Trade Levels Entry: Buy limit at 0.8680 - Target: 0.8743 - SL: 0.8649 - RR: 2 All my trades will have Risk of capital per trade of 2% Stats before this trade Number of...

Technician Updated 

Reasoning: The price at potential support: Long term rising trend line 78.6 Fibonacci retracement for major bullish wave 1.618 Fibonacci extension for latest bullish wave RSI Oversold and showing divergence Long legged doj candle Trade Levels: Entry: Buy limit at 0.9705 - T1: 0.9813 - T2: 0.9950 - SL: 0.9640 - Average RR: 2.71 All...

Technician

You need to read the tutorial first before this post. Here is the tutorial : This is an example of how to apply the concepts I explained in the oscillators tutorials. I have numbered the text boxes so that you read them in the correct sequence. Start from the left hand side and move along the chart. In this example we have applied some basic concepts like...

Technician Updated 

Note: A prerequisite tutorial about trends is posted in the related links below. Oscillators can be a very useful indicators in trading if used correctly. However misusing them will only return disappointing results. Some of the most popular examples of oscillators are the stochastics, and relative strength index . I will use stochastic in this tutorial, but...

Technician Updated 

All my trades will have Risk of capital per trade of 2% Stats before this trade starting from May 11: Trade 1: GBJPY Trade = +3.6% Trade 2: AUDUSD Trade = -2% Trade 3: EURGBP Trade = Active Net Pips: +118.5. Net return = +1.6% Best Technician

Technician Updated 

Looking to short the EURGBP slightly higher as the price hits multiple resistance levels. 1- The ceiling of the short term rising channel 2- The 200-days simple moving average 3-Bearish engulfing candle on four-hour 4- A falling trend line on the daily chart 5- RSI is overbought Best Technician

Technician Updated 

Looking to short AUDUSD a bit higher next week. The price has shown rejection near main resistance area within the context of the overall down trend. Simple, but high probability trade in my view. Best Technician

Technician Updated 

Hello mates, I see a good chance for a downside pullback as the price has been up-trending strongly in the past weeks. We have reached a medium to long term resistance area among 148.00-1.4830. RSI is divergent and a four-hour shooting star candle formed. Best regards Technician

Technician

Hello friends, it has been a long time since my last post here, as i have had busy tough times recently.. Happy as usual to be back and interact with you. AUDCAD provided a good opportunity to jump into a possible trend resumption trade. As the price action suggested we could be heading to resume the earlier bullish wave after a minor pullback. The double pin...

Technician

Hello Mates, GBPUSD could be a short term long oppurtunity. I am looking to long a bit lower with targets near the recent highs at 1.2700. Completed inverse head and shoulders earlier Broke the falling trend line and completed a retest to it yesterday Formed hammer at the 50-days simple moving average the broken neckline of IH&S Best Luay - Technician

Technician Updated 

Main Scenario : GBPUSD broke out above the falling trend line started from September 2016 high. Meantime, the price has completed an inverse head and shoulders. The area around 1.2420 is the best for going with this breakout and buying the pair, towards next major resistance area starting from 1.2770. Alternative Scenario : a break back below 1.2250 would target...