I've always found it hard to understand the chart for the bears as I am naturally bullish.. The inverted chart can give us a better feel of how the bears are doing. As you can see the bears have formed an arc of resistance and a big move is coming. Volatility and volume is decreasing. 9800 area is a significant area and perfect coincides with fibonnaci resistance....
A simple break and retest long trade. 50 EMA + 0.382 rejections Price action: Loss in momentum, rejections + doji candles Standard trade
A nice potential structure low on USDCAD Fib rejection of 0.5 and the 50EMA on the 4H. Looking good Will update as the trade progresses
Closing in on the 0.786 this could be a nice swing. Is this the lower high of the double top? Or are we going to see a continue push to the upside
GBPJPY Creating a downwards channel and has now rejected the .786 and started to push down. Keep in mind the 50EMA is still below price and we have this strong support below price also. Be careful when taking this trade
this one is extremely simple but has shown great success for me in the past. Simple trend break, clear key level to aim for and a nice pullback structure rejection for a nice short entry
I believe GBPJPY is going to start a range, broke out of it's previous trendline and now struggling to break 134.400 psych level See where it goes from here, remember to react and not predict. Always remove opinion, it's not about being right it's about trading.
As I stated earlier in my posts the dump from the original rally 9.7-9.8k was a bearish sign and i was expecting a pump to the 9.2-9.3k after it hit 8.9k, but we rallied more then expected to the 9.4-9.5k area I feel that right now the markets are going to adjust to price in corona lingering. While bitcoin is not really affected by corona, since it follows the...
This ones going to be a longgggg hold. Stop loss isn't too bad at 30 pips and above the 0.786 just to leave it some breathing room. Trend change, price severely slowed down in the last hour. Looking good!
GBPJPY Made a perfect pullback to the level. Collecting orders is what we like. 4H 50EMA and huge wick. 1H Bullish engulfing + momentum switch Could be a good one to take
My Bias hasn't changed on GBPUSD for a while now and I'm going to stick to this bullish mindset until we get a clear break of previous structure lows. Riding it all the way up to the top!
EURUSD Broke out of a ascending trend line and is now starting to form a head and shoulders pattern as we get the breakout. This would could look very good for us for the duration of this week.
SPX still looking very weak, which is quite logical with COVID cases rising dramatically in the US! It is very likely heading to the 2200 region (slowly & controlled), the corona financial impact is no joke..
The more you know.
Amazing opportunity here on GBPUSD. Key levels been marked out for a while now but this setup is playing perfectly. See what we can get from it!
This ones cleannnnnn! Got stopped out of a long last week but bias was quick to change. Stay active in the markets to see consistent returns. Standard Fib 0.5, trendline retest, structure retest and structure high forming
+ Daily MACD cross + Falling wedge + 0.618 Bounce + Coronavirus infections still going up (they make test kits) + 100 MA Support + RSI low
Hey guys, a quick update on global markets and economics! Have a good one, your german trader