The over idea behind the strategy is very simple. We all know how to use Fibonacci Retracements and Bollinger Bands. The indicator on top combines both using Fib levels in a Bollinger band fashion. (I did not make the indicator) On the bottom we have the Awesome Oscillator (Also not my creation) reading on the 200 for accuracy. The Oscillator is used to...
GBPJpY started to dump last week & I see it continuing to drop this week.. a retest is warranted at marked level & down it goes . Short sell that may possibly pick up for more
Hey Guys, feel free to copy me, This chart is for beginners and new traders who're trying to understand supply and demand a little better! This shows an up-to-date picture of AMEX:SPY as of 1:00pm EST 8/24/2023. You'll notice the green and red rectangles across the screen. I color coordinated them for psychology reasons for you (personally I have all my zones...
It's Earnings Season so we'll likely see a lot of volatility. We are also in a significant area of interest in the market, recession concerns are looming but I'm not convinced that the market is fully committed to this downward trend. Not yet. We've had multiple tests at the top of the range (Target 3), and the market seems to be moving lower. Targets 1 & 2 were...
SPX is currently O/B on smaller TF but she has some room to soar on higher TF. I’m looking for a retest or even a s Horst term to come back and push up after.
Near Supply Zone ready to turn around..being patience
I see UJ dropping back down and riddling to 200 EMA, it is not currently O/B but it is at a resistance where it has failed to soar higher.. let’s see. Wait on those confirmations
Patience and resolve is one of the best way to take trade in the market.
First till this moment when I share this trade I'm a beginner . S based on my strategy i see the gold falling down . in case you want follow my trade . LET YOUR RISK MANAGEMENT BE YOUR HELPER
GBPAUD is a downtrend. I expect a correction and then a drop down. 💎Expect a retrace to 0.236 fib level 💎20 EMA near 0.236 fib area 💎50 & 200 EMA near 0.50 Fib level (2HR)
The Market was in an upward trend from Tuesday 22nd '22 up to Wednesday 23rd '22, and the trend was broken by Thursday 24th '22 low leading the market to change to the state of consolidation. Friday 25th '22 Low cleared Thursday 24th '22 low taking out the liquidity created in that Thursdays low, then the market entered into the range before market close for the...
bank nifty and nifty resistance and support call and put data proper psychology
My first post. Lately I've been trying to nail down my strategy into something that I can act on consistently. Teaching or Sharing thoughts lead to a deeper understanding of the content so I would love to hear anything constructive from you market wizards. I've identified two structures here. #1: The Highest Swing High to the Lowest Swing Low. #2: The most...
USDCAD will continue its downside movement after confirmed a higher low . Entry Price - 1.36000 after break an channeling pattern Stoploss Price - Above 1.36534 as previous higher low (please adjust it with you Risk Management) Target Price - Open Please Adjust your risk and good luck.
USDCAD will continue its downside movement after re-test / correction . Entry Price - Area 78,6% to 61.8% Fibbonaci Stoploss Price - Above 1.38000 as previous higher low (please adjust it with you Risk Management) Target Price - Area around 1.35400 as new lower low Please Adjust your risk and good luck.
NZDCHF will continue its downside movement due to weekly resistance area. Entry Price - 0.56000 Psychological Levels Stoploss Price - Above 0.56350 (please adjust it with you Risk Management) Target Price - Area around 0.55150 Please Adjust your risk and good luck.
Will $NVDA get support from dashed mid-line of down trending channel? This dashed line was resistance before. $NVDA is a nice technical chart to watch. Lots of professional engineers, who now trade, like to trade $NVDA which makes it great for technical analysis.
Tweet what technical formations you see on the chart. Thanks!