The_Greek_Trader

The_Greek_Trader Updated 

Hello traders,i hope everything is running according to your trading plan. Without time to waste let's see the high propability long trades on EURCHF pair. First of all we can easily see through the daily chart that we are in an uptrend especially when the euro attack started. Lately we can see the Swiss Franc gainning a little room exploiting the recent relief...

The_Greek_Trader

Hello traders,i hope you all had an amazing trading week. Nobody can argue that we are watching a possible trend reversal(As i successfully predicted on my article below) on EURUSD pair especially after Draghi's speech and strong data from U.S. And i am saying we have a POSSIBLE trend reversal because if we count the current downward move as far as Fibonacci...

The_Greek_Trader Updated 

Hello traders, i hope you are having an excellent trading week let's see the technicals of oil. First of all i want to reminde you an article i have written a long time ago which was saying that sooner or later the bullish fundamentals of Oil would take control and that exactly what happened after all(I have attached this article below.) So after a short...

The_Greek_Trader Updated 

After Gold's amazing rally to new highs for this year above 1.300$ and even with a top of 1.357$ per ounce we already have a deep retracement,so the question is "Are we still in bear market as far metals and this was a bull trap or finally we switched trend and this only a healthy retracement for the upside?" What most investors who jumped on Gold did not think...

The_Greek_Trader Updated 

As we had a lot of volatility on USDCHF lately including today we can see on the daily that nothing much happened and we have a wide consolidation with no real trend. But if we look in a more longer term we can clearly see the downtrend channel. TECHNICAL OBSERVATIONS 1.We can see how nice price is respecting the Ichimoku clouds so on,until now that price broke...

The_Greek_Trader Updated 

Hello traders i hope you are having a nice trading week so far. As i mentioned at the title of this article we have a Head and shoulders pattern on EURUSD daily chart but for more clarity i use the 4H chart. As a lot of economists and bankers from Europe and from the rest of the world were guessing that the area of 1,20 will a major key resistance point beacause...

The_Greek_Trader Updated 

Hello trades i hope you all started this trading week with some profits. Let's see this potential Bullish Butterfly pattern on AUDUSD on 1H timeframe. TECHNICAL OBSERVATIONS 1.Price is under 200EMA so price is more likely to go lower to the next significant S/R level. 2.The advanced pattern completion of the bullish Butterfly pattern coincides perfectly with the...

The_Greek_Trader Updated 

Hello traders i hope you are having a nice trading week so far(at least i do,LoL) what a rally gold is having? At last Gold broke the descending trend line that it was holding it in a longterm bearish trend since 2011. And the question that all traders want to know is where is the ceilling?In my opinion is not too far after we see an another big correction but it...

The_Greek_Trader Updated 

Hello traders i hope you all had a very good trading month,EUR-USD pair it's still on a crazy rally that's very good for those forex traders who placed their long orders on this pair but EUR is slowly becoming too expensive for european businesses. In those businesses european banks are included and if you count in the quantitive easing,the low rates and the...

The_Greek_Trader

Hello traders, i wish you had a nice trading week,month and a nice trading summer as we come to an end. To be honest it was an unusual summer as far as volatility and that was good for us.. No need to say anything else let's see this bearish Cypher pattern on 4H timeframe on GBPCHF. TECHNICAL OBSERVATIONS 1.THE 200EMA HAS A DESCENDING SLOPE AND THAT'S FAVORING...

The_Greek_Trader Updated 

Hello traders i had quite a while to publish a trade on the cryptocurrencies after very two successful articles on long trades on Bitcoin(since 1,270$ dollars) and on Litecoin(since 11$) because i clearly believe that this market of course it has still great potential but it's already a buble(articles attached below). Now as far as litecoin i can say that it has a...

The_Greek_Trader Updated 

Hello traders i hope you had a good trading week. Let's see the Amazon stock that is currently sitting on tempting levels for a buy.. TECHNICAL OBSERVATIONS 1.WE ARE ENTERING A GREAT SUPPORT ZONE THAT WE HAD A LOT OF GOOD RALLIES IN THE PAST. 2.WE HAVE THE 200EMA WITH ASCENDING SLOPE WHICH IS FAVORING LONGS AND ACTS AS A GREAT SUPPORT. 3.WE HAVE THE STOCHASTICS...

The_Greek_Trader Updated 

Hello traders i hope you are having a great trading week. Let's see a long trade on GBPUSD with a very high propability of success and a good P/L ratio. TECHNICAL OBSERVATIONS 1.First of all we have an ascending very well repsected trend line. 2.We have also a good support level due to previous price structure levels. 3.We also have a very good support level as...

The_Greek_Trader Updated 

Hello traders i hope you are doing well and with a ot of profits. No need to say much, We have a counter trend possible trade at AUD/USD with a bullish Butterfly pattern on 1H timeframe. POSSIBLE LONG TRADE ENTRY PRICE WITH PENDING ORDER AT 0,78300 STOP LOSS AT 0,77780 FIRST TARGET T1 AT 0,79200 SECOND TARGET T2 AT 0,79760 THANKS FOR SUPPORT! KEEP FOLLOWING FOR...

The_Greek_Trader Updated 

Hello traders, i hope you had a nice trading week. We have a potential bullish Cypher pattern on 1h timeframe. TECHNICAL OBSERVATIONS 1.We have stochastics at overbought area. 2.Currently price action seems weak. 3.Fibonacci retracements coincide with price structure. 4.Pattern completion at 1.250-1.247$/Ounce area. POSSIBLE LONG TRADE STOP LOSS AT...

The_Greek_Trader Updated 

Hello traders,i hope you had a great trading month,let's see what's in store for gold. As i said at my previous article concerning Gold(attached below) we had a retracement at 1,210 level and a Bullish Gartley pattern completion which already gave us huge profits hitting target 1 and target 2. So now what's the possible scenarios for Gold? TECHNICAL POINTS 1.We...

The_Greek_Trader Updated 

Hello traders,we are all witnesses to this EURUSD recent rally triggered by French elections and it's outcome and continued by Mario's Draghi speeches and the slowdown of Dollar and US economy generally. Now we are all wondering where and when this rally will stop? Let's see what technical analysis has to say: TECHNICAL OBSERVATIONS 1.We can see the red...

The_Greek_Trader Updated 

Hello traders we have a bearish Shark pattern that is alligned with previous price structure and overall downtrend. TECHNICAL OBSERVATIONS 1.We have the 200EMA pointing to the downside so short trades are favored. 2.We have Stochastics at overbought levels. 3.We have previous structure based on price and Fibonacci levels fully alligned with the advanced harmonic...