Hey all, here’s another entry on my tradingview series called 'Quick Updates'. After a beautiful last trade on MTL, we can continue our momentum with another support and resistance trade. This time, we will use the previous support as new resistance using a concept called S/R flip. During a support and resistance flip, an old support level can "flip" and be...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. We can see the confirmation here on the support level for MTL, allowing us to go in a LONG trade position here. This simple support and resistance set-up will give us the opportunity for a nice clean scalp trade, with around 6% profit. --- What is The Quick Update Series All About?...
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru
I will break down all the technicals on Bitcoin at this moment. But first of all, Whoa! What a gigantic move on BTC today, it gained over $1000 in a matter of hours. What a rare sight. Of course, many people are watching at BTC now that the halving is getting closer and closer. It's just 2.5 weeks and the halving is there. With the strong correlation to the...
Let's look at the Dutch AEX index. The prices seem to not have recovered as much as the american stock markets, giving us more opportunity to trade with higher percentage gains. However, I am starting this one with my analysis on an upcoming short trade. I'm not a huge fan of this inverted fibonacci retracement, but saw it getting very popular on charts recently...
This is a continuation on my earlier analysis on gold. A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs. After Gold has...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. By all means, this trading area can be seen as an All Time Low within the shorter timeframes. We have reached levels that were last seen on April 2017. It is rare for a price to break through such levels, which means we can start trading with a bullish bias. The first opportunity to...
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru
We know it's wrong. We know it's unsustainable. There's a Corona Crisis. There's unsustainable growth. There are huge unemployement issues. Crazy deathrates. Stockmarkets are surging. No, it doesn't make any sense. But to make a decision on this trade when the price hit this support zone so beautifully we have to look at the data. Purely based on technical...
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru
AUDNZD Has some very strong bulls backing this symbol up right now. Over the last 10 days, the price broke straight through two zones of resistance. During the first resistance we've seen a small hiccup in its uptrend, and we are witnessing something similar on the second resistance. However, the price did break through already and is simply accumulating for a...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. Here's a nice setup for you using horizontal support and resistance on the 15m. A great way to start trading here, as you'll get feedback quickly and the percentage gains or losses are small. I showed my suggestions for take profit and stop loss on the chart. We've seen this...
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs. After Gold has been bullish for the whole week, we can finally see a...
There is so much going on here with NZDCAD from a technical analysis perspective. I decided to make it really clear what is happening here. On the left side we can see a long term bullish scenario on the 4h. We see an ascending triangle, which is a bullish pattern. The price has been hitting this resistance line multiple times now, and every time the response...
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru