GBPCHF could fall towards an overlap support and continue the downtrend, reversing to our take profit level.
Sell entry is at 1.09333 which is an overlap support level.
Stop loss is at 1.09998 which is an overlap resistance level.
Take profit is at 1.08063 which is a swing-low support that aligns with the 61.8% Fibonacci retracement level.
High Risk...
Im going to do a series of posts that are all about trade planning and learning about consistency and discipline through a practice. In this exercise, I will be consistently planning, executing what I planned, and documenting 30 trades.
A trade plan consists of a method, trade management, position sizing, documentation and review. A trade plan should state ahead...
Forex 3-Session Trading System
In the dynamic world of forex trading, mastering session-specific strategies can be essential for your trading performance. The Asian, European and US sessions in forex have their own unique rhythms and opportunities. This article delves into three strategies tailored to these sessions, offering insights for traders to navigate the...
NASDAQ:TSLA currently has two major confluences that I've been watching develop over the last few weeks.
Firstly, coming off the 6 month high of mid July, Tesla has retraced to the Fibonacci 0.618.
Secondly, A classic triangle is now clear.
Triangles break out either to the top or the bottom. However, there are multiple confluences that are...
In this video, I will be sharing my EURUSD Analysis Today by providing my complete technical and order flow analysis so you can watch it to possibly improve your forex trading skillset.
EUR/GBP is trading close to a pullback support and could potentially break above a descending trendline to make a bullish rise to the upside.
Buy entry is at 0.85700 which is a potential bullish breakout level (wait for price to break through the descending trendline for confirmation).
Stop loss is at 0.85350 which is a level that sits under a pullback...
This is not a drill... I repeat, this is not a drill!
Bitcoin is moving once more below EMA50 after a very weak bounce 16-January.
Moving daily below EMA50 simply confirms the upcoming correction without a shadow of doubt. This move is support by low volume and a weak RSI.
This signal only confirms when the day closes below $42,142 (EMA50).
While this is likely...
Hello,
Price action is a vital aspect of trading, and analyzing candlestick patterns is key to understanding market dynamics. The size of candles, representing the range between opening and closing prices, is crucial for traders. Large candles signal strong momentum and potential trends, while smaller candles suggest indecision or lack of clear direction. Traders...
🎲 An extension to Chart Patterns based on Trend Line Pairs - Flags and Pennants
After exploring Algorithmic Identification and Classification of Chart Patterns , we now delve into extensions of these patterns, focusing on Flag and Pennant Chart Patterns. These patterns evolve from basic trend line pair-based structures, often influenced by preceding market...
Dow Jones (DJI) is pulling back on a technical correction as the 1W RSI got overbought (above the 70.00 mark) on the December 26 1W candle. That was basically the first time since June 01 2021 it got overbought and that time also gave a technical pull-back.
What draws our attention more than that time though is the December 19 2016 pull-back when the 1W RSI was...
Trading in the financial markets requires a blend of intuition, analysis, and well-tested strategies. This article delves into three of the top trading strategies that offer valuable insights to traders of all experience levels. We’ll break down their specific components, entries and exits and explain why they work for stock market trading and trading in other...
In this instalment of our educational series, Indicator Insights, we shift our focus to the Relative Strength Index (RSI) , exploring a non-traditional approach that harnesses its power to identify strong momentum stocks.
While the conventional use of RSI is often associated with overbought and oversold conditions, our alternative method employs RSI as a...
Last year, I shared more than 1300 free signals and forecasts for Gold, Forex, Commodities and Indexes.
In my predictions, quite often I relied on classic price action patterns.
In this article, I will reveal the win rate of each pattern, the most accurate and the least accurate formations of the last year.
Please, note that all the predictions and...
The order block trading strategy is based on the concept of smart money, focusing on identifying specific zones where institutional traders previously executed their orders. Once we have successfully identified these zones, we patiently wait for the price to revisit these levels.
By using a suitable strategy, we then enter our trades in the anticipated...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.85300 zone, USDCHF is trading an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85300 support and resistance area.
From a technical perspective, USDCHF exhibits a clear uptrend, and its current correction phase positions it...
"Buy the rumor/Sell the news" is a phenomenon as old as markets. It was like betting on the sun not to rise tomorrow.
I have talked to many Bitcoin enthusiasts who are perplexed by this occurrence. They were assured by various Twitter personalities that this week would see the largest inflow of capital into Bitcoin ever, price would rise, and if they just...
