Chart time frame - H4
Timeframe - 4-12 Hrs
Actions on -
A – Activating Event
Market will meet resistance in zone @82.68 - .... and fall to the 82.200. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @...
this is a decisional point for this pair and its either up or down. Sideways market is not allowed due to the point that the market is trending and it has been consistently covering pips. This zone has less support and resistance and we do note expect any to be formed right now
Gold is mostly aways from ranging and channels and thats why its the sweet spot. However, Gold is either an Obedient dog or a ratchet one. Finding sweet spots for the pair is the Key because it obeys them.
Over here we have 3 trades based on Trends and SR lines. A broken triangle gives us a bullish but failure to the trade, we take a short on trendline break with...
History does repeat itself and at this instance its not too long ago we saw this movement on the pair.
A triangle, breakout, correction move and a final down move followed by Fibonacci retracement.
I dont go against the trend so lets remain bearish and watch this pair. Breaking down would definatelly have me selling
Long term investments - 2019:
This is a first post on long term investment for 2019. Others will follow.
Every serious investor establishes a solid money management with a balanced risk factor.
Investing 100% of your savings in forex or crypto currency is like make a blind all in at poker.
So a key factor is to choose which asset allocation suites better for you...
Theres been a trend on this pair for quite some time so far, the 168% fib level being a target for a previous retracement. This candle close might be a long opportunity.
It will give us a tight stop and very nice profits
Am looking to take a short should the daily candle close within the descending trendline I have drawn in my analysis. Confluence with at least 10 times the price touched 1.13420 levels over the past 2 months and failed to close above those regions. Am looking for the first take profit regions to be at the previous daily candles wicks, and further take profits at...
Looks like Gbp/Cad has made its retest at key levels and buyers are ready to take control for a moment at least to 38.2 fib. Which is giving us a good risk to reward.
Fibonacci is drawn from the swing low to swing high and the price has retested important level at 61.8 fib and also made it above 50% fib, where it currently...
AUDUSD play here golden pocket bounce/double bottom RSI. You guys need to figure out own stop loss take profits etc... Once again my main swings will be formatted simple and organized. These plays like golden pockets, fibo levels are given to you and its up to you on what to do with them!
Please keep in mind that I do not give Financial advice. Everything I post...
According to market analysis along with historical knowledge of market behavior as it responds to the final stages of bull rallies, GE appears to be setting up for its next bull rally.
Currently it is at what appears to be near the market bottom, therefore upside potential greatly outweighs the risk of downside volatility .
* As always, this is for educational...