Further to your comments, messages, questions: I have prepared this video to share some of my knowledge with you; especially the beginners. In this video you will be shown how/why we have had success with taking PROFITS at the best rate and how we use our SUPPORT / RESISTANCE levels on the charts we share with you here to make the best with our trading. We...
Hello, dear subscribers! Yesterday we considered the simple support line. Today we continue to examine support types. Definition Trend support line occurs where the price is in the uptrend and is formed by the lows on the candlestick chart. Next to this line the price is likely to bounce off it because the demand/supply imbalance. How to trade with trend...
Hello, dear subscribers! Today we start our Educational series. We are going to public some elements of technical analysis every day. Definition The support level is the level which is likely not to be broken down by the price. It is a high probability of the bounce off this level. It occurs because when the price decreases, the demand is rising and the supply...
GBPJPY SUPPLY AND DEMAND ANALYSIS - High volume, high probability levels. Please see my previous weeks analysis.
Identifying price action and support and resistance to break down charts and their future moves.
RSI Static Supports and Resistances on Multi time frames. educational
Caught a nice long trade today on AUD/JPY. Price recently reverted to an area of the previous resistance around the 76.60 level. Price showed confirmation of rejection at this level following closed bullish 4H candles. The MACD and RVGI also showed signs of a trend reversal by displaying signal crossovers. The RSI was also oversold. Therefore, a long trade was...
I caught a nice trade here yesterday on AUD/NZD. Price had recently broken through resistance, and we saw a strong bullish break out move. As the bullish momentum slowed down, we saw bears come back into power and drove the price back down to resistance. At this pint, we need to look for 2 actions: - Either price will break through the resistance level and...
R - Stands for Resistance 1, Resistance 2, Resistance 3 S - Stands for Support 1, Support 2, Support 3 P - Stands for Pivot Point One resistance level may be tomorrow's support. An easy way while initially learning is from analysts reports. I prefer to use pivot points based off TF's I anticipate tying up buying power in the trade. I.e. I5m-1hr Intraday Daily...
Quick video of playing a High of Day breakout and how to avoid a big drawdown.
Hello traders! Today we will talk about cryptocurrencies, specifically NEO and its price action from Elliott Wave perspective. NEOUSD made an impulsive five-wave cycle from March lows, which suggests a bullish reversal at least in three waves A/1 - B/2 - C/3. Since the beginning of June, seems like NEO is making a three-wave a-b-c correction, where wave "c" is...
Everyone's always talking about horizontal support levels, yet they're always moving targets or zones. I got fed up of it, and decided to dig in more. Turns out diagonal support and resistance levels are much more reliable, and they behave very much like the triangles you always see on traders' charts. If you want more detail on this, you can check out my...
Evening outlook for the experiment
A brief description of the X-Lines indicator. Important levels automatically. Hi, friends! Let's looked how you can absolutely automatically mark all important market price with x-lines indicator. Its free for use. Link below.
Hi, guys! 👋🏻👋🏻👋🏻We continue introduce newcomers with technical analysis and repeat the TA with “oldones”. 😆😆😆 🙌🏻Today we’ll talk about support and resistance levels. Let's go💪🏻 The resistance and support lines are the foundation of the classic technical analysis. All trend lines, models and figures are just combinations of resistance and...