SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @1.776 - .... and fall to the @1.745. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.745 FX:GBPCAD...
Looking at EU in more detail: Weekly: a downtrend is still evident, as the weekly descending trendline (pink) has not been broken by this pair. Additionally, a bigger descending trend indicated by the monthly trendline (black) still stands. Thus, it is safer to look for possible short entries on this pair. Dropping down to the daily time frame , the, the...
Bitcoin Big Move is Coming bitcoin (BTC) has been trading in a tight range between $3,950 and $4,060 for the past three days. This is a very important time for bitcoin From the past 10 months, the price is respecting the trendline. Now the price is nearly trendline. This trendline is the strongest one because the price is touched almost 3 times. here is two...
Slightly altered my breakout prediction lines based on wedge redraw and 20 WMA. (Entertainment Only) (DYOR)
There have been many talks about a recession, every youtube/facebook guru and their mom was talking about it, and although the market crashed late last year it was quite uneventful to the average individual. And we got quite a bull run afterward however, I believe the actual recession hasn't hit yet. on the 22nd of March, the 10-year U.S bond yield curve became...
Looking at a Short opportunity for FX:EURUSD for roughly 140 Pips I am hoping to see price fail under the yellow 200 EMA. We will know more once price reaches it. So far, the RSI is at a good place to assume a short opportunity is coming. I am looking for an entry around 1.14750, and are selling to 1.3250 area which will be a 50% Retracement from the D leg...
Just look at the circles and arrows... the bulls are gonna have a bad time... (Entertainment Only) (BYOR)
Drop in price atleast to 83.000 2 scenario on this price (83.000) is most possible : 1.up to 84 and side wave formation 2.impulsive Move to 82.000
To confirm a sell here I could be safer to wait for the break of the trendline but I trust the golden ratio.
within the Elliott wave trading community the drop of UCAD was long anticipated. and when it finally came, although it was aggressive it was a bit anticlimactic. it didn't move all that much perhaps that wasn't the big move we were looking for. perhaps its on its way soon
NZD/CAD is hitting the resistance line, (horizontal swing high resistance, Overbought on the slow Stoc & CCI has confirmed a trend reversal) will see a short from friday to Wednesday however economic news is due today for both pairs.
We have seen some positive action from the price recently (especially being able to overcome and regain the 3960 level as support). This is/was the chance for the price to breakout decisively, if it is going to do so. However, hesitating here and not being able to rip through this resistance after bouncing off of 3960-3940 support area multiple times indicates...
Hey tradomaniacs, welcome to another free signal! Important: This is a Pullback-trade! Don`t risk too much! ----------------------------- Type: Swingtrade Sell-Limit: 8.49860 Stop-Loss: 8.71623 Target 1: 8.27874 Target 2: 8.13974 - 8.10223 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good...
Hey tradomaniacs, welcome to another free signal! Important: After the consolidation and the Breakout we still trade against the trend! Make sure to trade with less risk as possible and don`t get greedy! ;-) The sell-off or Breakout is caused by the FEDs statement saying they won`t increase the interest-rate this year...
We had a successful trade of NZDUSD earlier this week. I believe this is another chance to short this pair. I'll state my reasons below. First, on the Daily TF, a 3-pin pattern was formed, but I know it's not the most perfect 3-pin formation. It gives us a reversal signal. Second, on the 4H TF, it formed mini LHs and LLs, which show a downward pressure. My...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-3 days Actions on - A – Activating Event Market will meet resistance in zone @1.52 - .... and fall to the @1.505. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.505 FX:EURCAD...
o price seems to reject around the resistance o divergence is happening o definite sell trigger is breaking the cloud and retest with bearish engulfing for entry o break in the trend line confirms down side to 73.00 area which is a psychological level o the1%