Simple analysis on gold. Price has finished 3 waves to the upside and will now continue this short term bearish trend until the 38.2 levels. Afterwards we should see the final wave 5 push to the upside
Hi guys, just wanted to let you know that i'm watching attentively to this pair, since price is testing a very important structure level that acted as support and resistance many times in the past. As of now, i'm looking for weaknesses in order to short the market: notice that we're deeply in overbought condition and price is testing a psychological number (along...
Daily time frame: 100% trail your stop loss with this pair BUT do not move that stop loss until atleast 50% of that green area has been breached my key target for this pair is potentially hitting 1.0500 past this green area so it's your choice how you take this trade I know what I am doing.
ENTRY: 1.37 ~ 1.38 Key LT Weekly Support Zone The first strong bullish bounce inside the zone indicates there are some buying momentum Wait for pullback around the swing low area @ 1.3730 to go long STOP: below swing low @ 1.3730 and 1.37 PRN TARGET: 1.400 (potential+5R)
Traders believe that one should always have a prediction. However, trading is not like that, at least that is not the way I, or any of the traders I work with, do it. I analyze the market and create a "Killzone" or zone where I want to get involved, and IF the market gets there, THEN I look for a reason to get involved. Sometimes, the market never gets there,...
gold prices has fell to a two week low today as the dollar strengthens as yellen stated the importance of increasing rates and possible hike in march ,currently trading with an intra-day high at 1228 and a low at 1216, still looking for price to push up to 1254 before heading back down to 1200s then 1180
Fundamentals show that Apple have had a linear and continuous growth since the launch of the iPhone. No actual data suggest that this will change anytime soon. Meanwhile the AAPL stock is highly impacted by a succession of self-realized prophetic hype cycle... My very dumb guess, that however had been proven true already 3 times in the past, is that 2009 linear...
Previous trade failed but I'm still bearish on this pair.
My shorts taken based on my previous idea.
Hey guys, today i want to share with you another opportunity on AUDUSD. For those who are not familiar with simple patterns, this is a wedge pattern (rising). This kind of formation usually occurs after a very steep movement; you can identify this by drawing two trendlines on the chart. You see the bottom one is steeper than the upper. This means price is going up...
Hey guys, another simple pattern on my radar today. This time i'm right on time because the break has just happened. You can see the big impulsive leg that broke multiple structure levels on the 4hr chart. Like i said on the previous idea usually after impulses like this price put brief form of consolidation like flag, triangles and pennants. You can trade in two...
Hey all, Haven't seen much activity in the markets this week. Checked NZDUSD this morning though and found an at market Cypher pattern. This pattern has already pressed lower than the .786 retracement entry but is still valid which means we can get involved with a better risk reward. Only a small risk on this trade so should be open to most traders. This is also...
Break out or breakdown? What's you don't see often is that the RSI is making lower lows while the price is making higher lows... if I'm correct that should indicate breakdown? Correct me if wrong.
Trump may spark further bullishness on usd, so I'm lookin for good places to buy it. This is my view on GBPUSD in light of the fundamentals.
Hey guys, this analysis may come too late but i want to share it anyway for i think it could be educational. On this pair price has recently created lower low, both on the 4HR chart and in the daily. Being the case, i'm expecting a bearish continuation. After a big impulse leg as in this chart we usually see brief form of consolidation like flags and...
Hey everyone, Here we have a bit of a messy Cypher pattern on EURJPY. I entered this late last week and thought I had made a post but must have missed the publish button. Since entering the market has rolled over about half way to first targets, but it will be interesting to see what happens going into next week. Will be hoping for the volatility to pick up...
This is a study of AUD/USD price action from a novice forex trader's perspective just shy of 2 years live fx trading The aim of this study is for me to get better at the following: identifying "key" support and resistance levels identify good trade setups based off of my analysis of these support and resistance levels better understand the currency pair's...
Gold showing signs of rejection from supply level, shorted as further dollar strenght is in sight.