On daily chart candle formation signals that NAS will drop. Confirmation - broken uptrend support, sell NAS to daily support level. Happy New Year in advance may it be a joyful one and 2020 be even more profitable.
WASSUP TRADERS, #FOREXFARGO CHECKING BACK IN! NOT THE BEST WITH THE BITCOIN ANALYSIS BUT HERE WE GO... BITCOIN ANALYSIS. Confluences: -Reject/Bounce off Daily Descending TL -Bounce off May Support Level -4HR potential Doji -2hr potential Spinning Bottom -1hr shows multiple rejections at 7175ish BUY STOP @ 7200.00 SL @ 7165 (-35 PIPS) TP1 @ 7385 TP2 @...
Wassup Traders, #ForexFargo checking in! Analysis on #XRPUSD. Confluences: -Potential Double Bottom within Demand zone on Weekly & Daily -Potential Rejection/Bounce off Daily Descending TL -4hr shows potential doji candle closure or hammer -1HR shows Hammer candle formation -No candle closure below 0.23000 BUYXRPUSD @ MARKET EXECUTION BUY STOP XRPUSD @...
These is the moment of truth guys let's see how the market decides :) Be safe guys "Just keep it simple"
Price dropped without retesting previous support level, Sell on retest of the neckline previous support became resistance.
If I need to show proof that I actually took these trades in my mt4 acct am happy to. Not a bad couple of trades if I do say so myself :) Also, as a disclaimer & CYA gesture, I have not shared anything that wasn't already revealed in the once free video library that was once available on innercircletrader.com.
Price has broken on the Weekly then came back down to retest new found support. Price is currently looking for a STEP(support) to take it back up past 1.0190 !! Starting to Look for Buys on Lower Time frames. TP1: 1.0326 (Expected Based off Weekly)
Relative High was broken at Purple Horizontal Line Price should retest in found support then take off !! Projection: 1.33528
I have interpreted what the different timeframes are telling me and I can surely say the way I translated it with the use of the arrows, is how price will play out before dropping like a rain drop. Follow the arrows to make some serious profit. Its me Rayan, the 18 year old trader from South Africa, signing out.
Simple H&S setup, currently the Right Shoulder is forming and showing nice rejection off the minor resistance, (same resistance level of the Left Shoulder). After price hits the neckline we are in for some money all the way down to TP and even as far as TP2 if momentum remains strong and bearish.
The pair has gone up to retest former support and treating it now as resistance, which is obviously a reason to short the pair. But not only that, this pair has now touched the trendline resistance and the 0.618 zone on the FIB, another reason to short the pair. Overall market projection is Bearish, and lets get those sell orders in with a entry on a nice rejection candle.