Can you tell us why you think price will bounce at our green zone? post your answers below... winner will win a pink unicorn called Fred... I bet you all want to enter now ;p We keep saying it but SIMPLE is BETTER in forex trading! we will drill it in to your heads sooner or later. Anyway the winner of the competition will have to collect the unicorn from the...
Can you tell us why you think price will bounce at our green zone? post your answers below... winner will win a pink unicorn called Fred... I bet you all want to enter now ;p We keep saying it but SIMPLE is BETTER in forex trading! we will drill it in to your heads sooner or later. Anyway the winner of the competition will have to collect the unicorn from the...
Open your eyes people, trading really is not hard! look how clean our charts are... as soon as you stop following people who confuse things you will see things more clearly, We teach our clients that trading is equally about mind set and emotions as it is about the technical and fundamental side of things. Come have a chat with us to see how we can help. GBP...
Soon we will open peoples eyes and make them realise that trading really is not hard if you keep it simple and don't let other people complicate things. We teach this to our clients, trading is equally about the mind set and emotions as it is about the technical and fundamental analysis... balance this out and you will soon be living it up in L.A ;p Come have a...
Expecting a break of structure past the 137.900 (previous HH) level to the completion of the bat pattern at 138.600 which is within the 88.60% and 1.618% point of the D zone. From there I will be expecting a minor retracement (50.00% or 61.80%) to TP1 which is point B of the pattern, from there I will be looking for signs of a trend continuation to enter long...
Looking for a rally following the Break of structure on the 4H
Price clearly rejected the 50% fib indicating selling pressure at this level. Could this be our reversal point? Im being caution as the 1D time-frame can indicate a much steeper retracement then anticipated. If we go up to the 1D time-frame and draw fibs from resistance point (146.398) to support point (136.749) we can see that our firs PRZ level is above our...
We just thought we would give you a FREE trade to brighten up your Monday morning ;p Price is at 4H support and GBP is showing slight signs of strengthening so we can see a pullback coming this week, and after weeks of bearish movement the bulls will take over for a while enabling us to catch 100+ pips with ease. Thank us later.
Formed we have a good trend line ( TL ) now price is been pushed into our red zone which is previous support, we are expecting 1 more test of this area and then price to break through this TL. We have had weeks of bearish movement from this pairing, but now with May resigning we personally are expecting GBP to strengthen slightly which will cause this strong TL...
GBPCAD is just below price is the 1/8th Major Harmonic support level at 138.17 along with the final arc. Bullish divergence between the Composite Index and the RSI . The RSI is at a historical support level and the lowest level its been since the beginning of 2019. The past 7 times the RSI has dipped into this zone, GBPJPY has responded with an extremely violent...
After dropping for almost TWO WEEKS, it would be interesting to see if GBJPY manages to Stage a comeback. Price has hit a Major DEMAND AREA on the Weekly Chart. We need a couple of Constructive BREXIT related News and Improved RISK APPETITE this week to push GBPJPY higher. So, in case of POSITIVE DEVELOPMENTS, as mentioned above, Swing Traders can definitely BUY...
Our purple line we have drawn on our chart is a VERY strong monthly and weekly support level in fact it is so strong we are wondering if it broke into a steroid factory and swallowed all the pills, if you don't believe me then open the chart and take a look for yourself... but of course you would do that anyway and not blindly follow a strangers say so wouldn't...
Our purple line we have drawn on our chart is a VERY strong monthly and weekly support level in fact it is so strong we are wondering if it broke into a steroid factory and swallowed all the pills, if you don't believe me then open the chart and take a look for yourself... but of course you would do that anyway and not blindly follow a strangers say so wouldn't...
GBPJPY is approaching two MAJOR SUPPORT LEVELS, the first being at the 141.01-141.15 area which has seen some decent INSTITUTIONAL BUYING in the past. The Second Support being at the 139.80 area which is a STRONG SUPPORT as well. It's expected that GBPJPY will bounce from one of these LEVELS and go towards the RESISTANCE at 143.80. So, traders can look for BUY at...
If you got on my last trade idea for GJ then well done, inbox me your number so we can arrange for you to take me out for that drink ;p We can see price rallied through our support zone as we mentioned in our previous post, we can now see price having a pullback and making a bullish run up to this same zone again but this time using it as resistance and bouncing...
GBPJPY is trading in a rising channel in the 15M chart. So, one can BUY at the bottom of the channel between 143.52-142.62 and target the top of the channel at 144.35 with SL below 143.20.
Disclaimer - I could be wrong/Trade at your own risk...