Hey, traders. Welcom back to another edition of the Forex weekly forecast. Today I discuss the importance of backtesting and the way it is done. Here's the link youtu.be
selfexplanatory 1.08 daily demand area 1.077 weekly demand area Im looking for PA buy signal in this areas
SPX500 mid to longterm SHORT bearish Cypher, longterm resistance In my scenario the SP500 and markets im general might shoot their last fireworks to have a final champagne party on Mario Draghi and the ECB 0% interest rate medication. However the longterm resistance line from May 2015 high is coming southwards, looking to meet our curve around 2080 levels...
As you can see all the major indexes are an important resistance. On weekly: it has resistance at the 50 day. All our indicators have turned neutral or slightly down. We will probably have a consolidation or a pullback of a Fibonacci ratio, probably to an important moving average or the cloud. During these periods we still may have candidates but you will have...
August 2015 lows as resistance to USOIL at 39US$ As we all know USOIL mainly reacts to markets' moves, so we will have to see how markets pick up the doom & gloom news from the ECB on monday/tuesday. Technically it clearly is a short, with growing bearish divergence in the H4 between RSI and the curve. Decline is possible down to 34US$ (0.382 Fib support +...
Expecting a pullback in BABA back to 66$ before pulling the trigger and initiating a long position
BAT PATTERN PAIR: EUR/GBP TIME-FRAME: 1D TRADE: BAT PATTERN Good morning traders. We have a nice Potential Reversal Zone on the EUR/GBP Daily time frame. I don't personal trade the daily, but will need to look for a case for entry on a lower time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before...
BAT PATTERN PAIR: XAU/USD TIME-FRAME: 1HR TRADE: BAT PATTERN Looking at Gold today as we continue to follow what's been taking place. We have a potential Bat Pattern setting up on the 1HR time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: ...
VIDEO: www.youtube.com GARTLEY PATTERN PAIR: UK/OIL TIME-FRAME: 1HR TRADE: GARTLEY PATTERN For those that have been watching me trade Oil in our Live Room, we have been doing extremely well. Here is another Gartley Pattern opportunity for us to Trade. NOTE: These are potential trade opportunities. Please re-analyse the trade before...
BAT PATTERN PAIR: GBP/NZD TIME-FRAME: 1HR TRADE: POTENTIAL BAT PATTERN This is the 3rd Bat Pattern in a row that we found in the London Live Room. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE:...
BAT PATTERN PAIR: NZD/JPY TIME-FRAME: 1HR TRADE: POTENTIAL BAT PATTERN Another potential Bat Pattern on NZD/JPY 1HR time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
BAT PATTERN PAIR: AUD/NZD TIME-FRAME: 1HR TRADE: POTENTIAL BAT PATTERN Had a great session in the London Live Trading Room this morning, thanks everyone! Here's a Trade idea for the AUD/NZD 1HR time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart ...
GARTLEY PATTERN PAIR: GBP/USD TIME-FRAME: 1HR TRADE: POTENTIAL GARTLEY PATTERN Here we have an ABCD pattern towards the upside for a selling opportunity and IF we get a drop down, we also have an opportunity for a potential Gartley Pattern. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. ...
POTENTIAL BAT PATTERN PAIR: NZD/JPY TIME-FRAME: 1HR TRADE: POTENTIAL BAT PATTERN Over on the NZD/JPY in the Live room today, we have analysed a potential Bat Pattern to trade up, once Price Action has hit the 886% NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart...
POTENTIAL TRADE OPPORTUNITIES PAIR: EUR/GBP TIME-FRAME: 1HR TRADE: POTENTIAL TRADE OPPORTUNITIES Every day I come into the markets and do my analysis accordingly. The best part about this, is if nothing comes to fruition, then we simply start our analysis again until the market comes to us, giving a valid Trade opportunity. NOTE: These are...
After failing to break above the grey resistance zone we now find ourselves back at the 28.10-27.54 support zone. A break below here will indicate further decline in the market with 25.13-23.61 zone being reached. Shorting below $28.10- $27.54 zone
CYPHER PATTERN PAIR: EUR/JPY TIME-FRAME: 1HR TRADE: CYPHER PATTERN Have a Cypher Pattern opportunity on the EUR/JPY pair, 1HR time frame at Market. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE:...