A bigger picture on BTCUSD provides better understanding of price action and long-term direction. The third of highest selling price is clearly attracting demand and supporting price. The pair is forming a complex pullback pattern with 1/3 of the highest selling price as the bottom. This triangle's ABCD legs are formed already and currently the E leg down can...
As we get closer to the date of OPEC meeting this month, June 25th, Brent again is quite to be volatile and based on the status quo of the world right now, nothing is certain anymore as the trade wars may drag on into 2020 and even further in the future. All of us can read on the news that supply is surplus and demand is kinda low at the moment. Would it be enough...
Good Morning everyone
As we can see price of fiber has landed squarely in the Hint level zone. Fiber is now approaching the lower parallel of the Andrews Median Line.
This is an excellent part of my overall strategy that I learnt from an elite group of traders/smart money (billions to move) So this is literally how they do it. Notice there are no fancy...
Here I've hidden everything else and just kept the Andrews and key levels.
We used to just use the Andrews median lines before the Gann "stuff", Gann was voodoo, it was weird, it was right there on youtube next to the conspiracy channels.
But now that I actually understand it....its life-changing. The power of combining Gann and Andrews methods is ballistic...
EURUSD 6 June
SITREP: Pullback on Fiber
Recommendation: for 6 June
I'm looking to re-enter long on the Gann support (The Ultimately best place to do 'anything'
Buy at / above: 1.1240 Targets: 1.1267 --- 1.1300 --- 1.1333 --- 1.1366
Stoploss : 1.1207
Sell at / below: 1.1207 Targets: 1.1180 --- 1.1148 --- 1.1115 --- 1.1082
Could be a big move some time soon with Fiber needing to cover much ground in light of USD weakness.
FX 5 June EURUSD
Buy at / above: 1.1273 Targets: 1.1300 --- 1.1333 --- 1.1366 --- 1.1398
Stoploss : 1.1240
Sell at / below: 1.1240 Targets: 1.1213 --- 1.1180 --- 1.1148 --- 1.1115
Stoploss : 1.1273
Trend swap occurred around the 6200 mark, when the impulsive move continued and formed a major upswing in which we still are.
Three options here:
1. Chase and buy at cmp (no missing out but biggest risk)
2. Wait for a corrective minor swing (small possibility to miss out but with less risk)
3. Wait for a bigger corrective swing (almost no risk but a big...
THE Power of combining Gann Square math & Andrews Median Line studies gives one a clearer picture of what is happening in any market.
NB: Rule #1 : Price will tend to return to the Median line 80% of the time.
This alone by charting for about 2 mins give us a 80% trade probability. No need to spend hours pouring over data.
It works on anything on any timescale.
#hive MFI has only ever been in these number two other times in the companies recent history and is quite over sold at least for the time being, the 0.46 level has held for the past few days with a static support of recent floor and also the Andrew fork trigger line support (im yet to see this trigger fail) , with last nights break out on #BTC and the company CEO...
Oil's recovery is seemingly maturing at these levels and a fading setup seems reasonable here. The setup depicted has a good R:R and is more of a swing play. Traders are likely to reduce short risk exposure here after a 50% hike from the recent major bottom.