As you can see, USDJPY is consolidating and accumulating above Fibo golden zone.we think that the price might shoot for the 1TP then perhaps higher levels which are specified as the further targets.
I backtested @FXCM 's ideas 100 times with several strategies.
This research contains:
(1) If it is worthy to buy cheaper than @FXCM 's signal.
(2) If it is worthy to hunt @FXCM 's stop loss.
(3) If @FXCM 's signals take profit too quickly.
(4) If the price approaches @FXCM 's target, will it go back to buy entry?
There are 5 strategies in this test case.
As you can see, USOIL value has increased since the end of 2020 and it has reached 65$. The commodities price action shows Bearish Divergence with MACD.
USOIL retraces to Fibonacci 38% and Fibonacci Golden Zone and if they support, then bounces from them, hence the price moves toward the levels of 65.83$ and 76.00$ and ultimately the higher...
Short setup depending on your appetite for risk you can
either set alerts and wait for the break of the neckline with
a back test and a candle close outside of the neckline before going then short.
A stop placed at the previous swing high.
Alternatively look for shorts at the resistance at the top of the right shoulder.
Again depends on your appetite for...
Clear trend presenting itself with the US dollar vs Hong Kong Dollar
With most of April crushing the USD it appears we are now turning the tables
with a curved bottom and a clear uptrend painted thus far for this pair.
I have outlined the green box for LONG entries which is sitting at the point of control
with a fib pull from previous swing high to low...
Fib fan pull + Fib Ext Pull
Rejected at the .382 or breaks above and pulled back down.
Trading inside a symmetrical triangle and expecting a breakout soon
as we close in towards the apex .
Im expecting a move down to the .618 as displayed in the chart in which case
a long opportunity presents itself .
Confluence with the 100EMA, .618...
The EURJPY has been in an uptrend since 13 Dec, 2019. As shown in the chart, the market seems to be in a very large rising wedge which is already getting squeezed. The price is almost at the monthly Trendline Resistance, I am very Bearish on this one and I am looking forward in closing the market with my outrageous stake :). Chill! Use your risk management...
1DTF - Currently printing a Reversal pattern *Inverse Head and Shoulders
* Right shoulder is currently in formation
* enter trade once we complete the right shoulder with a candle close
outside the resistance
alternatively you can also wait for a back test of the neckline and then Long
* SL will be below the last Swing low
Hi everybody. Time to purchase GOLD. Why not? I mark all interesting market process and levels on the chart window. I realy cant see there some bears power now. Volume analysis thanks to "Earned Pro" - link below. Follow me.
Hi friends. Eurusd want to go down to market levels (i mark it green color on the chart window). We dont have good trading activity on previous downward so i think it's time to repot more productive short. Levels thanks to X-Lines. Volume analysis thanks to "Earned Pro" script.
Hi friends. Gold took bullish potential after purchases under 1800.0. Then exchange bought Friday evening closings and i think we can go to 1821.0, 1827.0 on this. Volume analisys - "Earned Pro" script. Levels thanks to X-Lines. Follow me. I am time to time update ideas.
Hi friends. XAUUSD want going down to support. Big part of purchases are satisfy and now we can go to support 1788,0. Levels thanks to X-Lines script. I mark all interesting market process on the chart window. Volume analysis - "Earned Pro" - follow me.
we can see an ascending channel and supply and demand zones
i am mostly bearish on gold to 1750 or even 1550 but as we can see the price is trying to break trough the lower bound of the ascending channel and if broken there exist a support line at 1794 which can be a range zone
the other scenario is having a bullish view and we have the rejection and bounce from...