Price is still bearish. Because after Bull trap EURO came back into the range.
I have 2 scenarios what to do at this moment.
1. Open sell after fake broke of 1.1422
2. Open buy if the price will break up 1.1422 and 1hour candle will close above it.
I always trade near key levels because near them I can set proper S/L.
After 100 like I will do all updates ...
The pair is close to pricing in a technical Higher Low to the 4H Channel Up (RSI = 52.159, ADX = 18.430, Highs/Lows = 0.0000). The pattern indicates that a Higher High will follow close to 1.30500. However we choose to pursue a more moderate TP = 1.3000, which is practically the previous Higher High, as we don't know if this is a 1D (psychological) Resistance or ...
The Breakout Opportunities system has just sold EURUSD at 1.13759. The system recommends entering this trade at any price between 1.1359 and 1.13874. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.22618, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour ...
EURCAD bounced off support at 1.5095 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 1.5304 (38.2% Fibonacci retracement , horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 1.8% where a further rise could occur.
One thing we know, is though time changes, and a new generation of traders and investors enter the market, history still repeats. The same is observed with herd behavior in the wild. Two or three generations go by the herd still migrates as it has done for 1000's of years. Trading and investing is no different. This is not something new, and the proof this ...
I used my Phoenix TSI Long Cycle indicator for the purpose of providing further support that we have begun forming a "base" to establish a trading range. How "long" we remain in this trading range for the purpose of "accumulation" is unknown. It could last 12 months like it did in 2015. It could last as little as 3 months like it did in 2012 before we see a ...
Yesterday the price made a breakout upwards from the triangle and it got quick momentum after that. Technically a very good and clean setup - breakout, retest and up again. This will show that the buyers have won a small battle around the $3,600.
We made a breakout from the triangle which was pulled from the bodies and now the price is also above the ...
The Euro continues to absorb offers along the PoC of its long-held range. Since the impulsive sell-off on Jan 15, the following days have been characterized by what may be set up to constitute a transfer of ownership from weak-handed sellers into value buyers. The divergence between the German vs US yield spread and the pricing of the pair continues to suggest we ...
S+P 500 Broke out to New Highs on the week today,
above 2625.76, the prior weekly high in a BULLISH Breakout
after holding key support at the 2600 level.
One more upside day, will give a BUY SIGNAL,
on the McClellan Summation Index,a key breadth indicator
reversing a nearly 2 month decline, since November 2018.
That is a very important trend following indicator ...
Trade: LONG XBT
Buy In: $3615 - $3630
Time Frame: 4H
Stop Loss: Close 4H candle below $3567.
Profit Potential: 48.27% ROE
Capital Allocation: <5%.
(Low risk, high reward).
Here is our Bitcoin (XBT) trade as promised.
I will be posting a Bitcoin (BTCUSD) update soon.
Your support is ...
Hi, my name is John.
I work as an accountant. I like numbers and analysis. My hobby is music, concerts and kite surfing.
I like also new technologies.
I am an ordinary guy. I have learned technical analysis from my colleagues on trading view, from courses and books. Within a year I was pretty good at this. I like also new technologies.
On New ...
Why consider this chart only as "education"? The answer is very simple, at the moment we do not yet know the corrective structure (ABC) levels, but we only know that the nearest support is around 11,000 and Target around 11.500. That said, the potential setup is very simple: Long on wave (B) breakout and stop loss below wave (c). Unfortunately we can not always ...
BTC to 1160 USD then a small increase and then 200-400 USD
Explanation of this graph.Bitcoin shows weakness for growth.So I revised my goals for its possible bottom.In global terms, the cryptography market is emerging and what we see is the current decline is only the second wave in the five-wave growth structure.The first ...
Good morning TV,
It's been a while since I posted a public video analysis. Glad to be back and share with you my opinion and analysis regarding this space. For those of you who don't know me, my name is Amol and I've been a trader for 11 years. I started off my trading as a high school kid logging into my Dad's account in 2008. Thinking I was hot sh*t, I made a ...
BTCUSD is approaching our first resistance at 3814.4 (horizontal pullback resistance, 38.2% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3696.1 (50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see ...
Hope this idea will inspire some of you !
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GBPJPY like all the Sterling crosses has had a Brexit induced week.
Monday and the 139.00 level was breached,
Tuesday the Daily candle broke above the 20-day Moving Average fro the first time since November 15 breaking a 42 day, 534 pip downtrend which was nice if you were trading the Moving Average rule.
Wednesday we breached 140.00 and settled a t a ...