Good morning, traders. Yesterday's $100 move to the downside created a descending broadening wedge, out of the previous bull flag, which price broke out of this morning. Currently, price is testing resistance as support, and if this is successful we should generally expect continued upward movement. The 15 minute McGinley Dynamic aligns with the previous...
EURCHF has been in a decline for the past several weeks. The trend may just continue or it may change its course as the price approaches crucial support level of 1.11000. Currently looking at the weekly charts (the main chart) the price is trending down just shy of the crucial 1.11000 level. Ina few weeks the price is expected to reach that crucial support and...
EURAUD at the moment is providing us with both a swing and day trading opportunity which is still developing and might be complete soon. After hitting the strong crucial resistance of 1.63500 level not once but twice in a span of months the pair seemed to be headed towards the next support level that lies in the region of 1.55000. Have a look at the main chart...
Kiwi was not performing against the USD that good last year and this year might be the same case scenario too. Have look at the above Monthly charts picture for NZDUSD. There are numerous long term trendlines one of which was broken a few months ago signalling the kiwi headed south towards another long term trendline located at around 0.61000 level!. The main...
For a long while, EURUSD has been confined in descending wedge and currently hovering at the descending trendline of the wedge. By looking at the current weekly charts, the price shows thats its confined in a wedge. last year the price action formed head and shoulders pattern, adding to this the neckline was also broken to confirm the pattern completion. On A long...
Gold has broken through the 1 hour support line and the final price action before the weekend, saw a small bounce from the 50EMA. As you can see we have an underlying 4 hour support line, which will nicely coincide with the 200 EMA. Monday lunch time should see gold give its indication of where price will move to next, a short term pull back before continuing...
Well first Merry Christmas to my followers and anyone checking out this chart. I hope each and every one of you gets to enjoy the holiday with your family. Wanted to get a quick update for BTC here. I had personally exited my positions and locked in profits a couple of days ago as BTC started its lower highs and lower lows on hourly and 4 hour charts. This...
If you look at the daily Coinbase chart and switch it to a log scale chart. Then you will see that the uptrend is stronger than you thought but you will also see that we have been in a Bear market since price closed below the 200 EMA back in January of this year. I have been told that many long term institutional investors use Log Scale charts -vs- standard...
If buy/sell signals do not post on chart then use this alternative strategy
This is for educational training concerning the Big 3 Indicator Big 3 indicator is great for continuation trades After chart and price analysis showing a double bottom Big 3 shows Bullish continuation trend I would have waited for a breakout of the bullish resistance level shown I added a 50 ema to show trend - price above 50 ema so bullish bias I would exit...
STE Pulse Trading Strategy paints a background red bar for short setup Entered short at open of next candle Took Take Profit at a previous support level Trailing SL PM me if you have any questions I could answer for you
We’re going to talk how ETF trading strategies can help you grow a small account quickly. ETFs are versatile financial instruments that are suitable for every trading style from day trading ETF to swing trading ETF. ETF exchange traded funds are financial instruments designed to follow the price of a specific basket of assets and are traded on the US stock...
This is a great Day trading strategy What ever session you trade this will work Best on 5m charts but all TF work Rule 1 - add MFI to chart and change these settings - Length 3 / Levels 0/100 Rule 2 - I like to add the 50 ema to determine what direction I want to trade Rule 3 - Wait for MFI to hit the 100 level twice if bullish bias trade Rule 4 - Buy when MFI...
I am awaiting for this pair to retrace to around 1.30000 level where the weekly pivot is located as well as the daily 50 EMA and then i am planning to go LONG on this pair. Looking at the main chart, a long term daily trendline was violated which also happens to be the neckline of the inverse head and shoulders pattern that had formed. The price has already...
This EMA test produced 9% over 5 trades Rules: Create four closing price Exponential Moving Averages (EMA) indicators on a 4hr chart 20 EMA , 50 EMA , 160 EMA and 400 EMA SETUP: 1. Look for alignment on the two bigger EMAs (160 and 400) - when 160 is below 400 for a short and 160 is above 400 for along 2. Wait for the same setup on the two lower EMAs (20...
Even though I have not yet placed a short, BTC is looking to close its weekly candle below last weeks low (61xx). The bears are not done yet, as I am expecting a final push lower before the final bull run. 46xx makes a lot more sense for institutions and big money to jump in, but a reversal from 57xx has happened three times before and clearly serves as a strong...