DXY - USD Dollar Index could change Long RR Ratio >3:1
Each Monday I hold a private training lesson for our Transformation members and today the topic was the Combined Technical Scoring System (CTS) During the lesson I talked to them about my personal journey & how I went from a very conservative CTS trader to someone who no longer requires a score. With that being said I've ingrained the process into my daily...
High risk reward ratio is always with higher risk but bring us high returns - it is all about patience. We're not here to take a part - we're here to take over. August we expect pair to reach area over 120.00. Be patient.
I keep putting these charts to peak people's curiosity. There are many clues out there that point where we might be heading... All you have to do is look back in time... This is more than just about gold and silver. It is about the players in the market and how they feel.
Will be taking a long position on GBP/USD based on the following reasons: - Bullish hammer candle on Weekly TF. - Rejection of 0.786 fib - Respected ascending trendline You might be thinking that I am super crazy by taking this trade, especially with the referendum only a couple of days away, however I feel as though the UK will not be leaving the EU and this is...
FX:EURUSD Simple short trade in the break of mini rank of 5M
Let's see if Auto Golden Ratio S&R indicator can get a useful support and resistance in this 30 minutes chart.
Last week we started including a new strategy trading on the breakout. We took a total of 4 breakout trades. 2 of them were winners, 1 loser, and the other 1 exited at breakeven. Overall the breakout strategy has been profitable for us last week. However, as this strategy is still in its early development stage, we are still seeing many room for improvement on...
I think the results will be better-than-expected for Activision/Blizzard, so I'm betting on the upside. Closing at maximum ratio.
Very nice harmonic move for the next week. As we see there is a nice ABCD completed pattern @125.43. Our targets are fibs 0.382 and fibs 0.618. At 0.382 we have a nice support level which is also a structure level of AB leg. Our stops go above 125.43. -- www.rcpforex.com
Gold is currently consolidating at the bullish trendline. Entered longs with stops just under the lows with a 2.0 R/R target. If the trendline breaks then look to sell with targets at the last swing low.
-ABCD IN PLAY -HEADING DOWN TO MAJOR 1.0960 SUPPORT AREA / 0.61% Level -HEADING TO SUPPORT TREND LINE AT THE 1.0960 AREA But be careful with this trade, wait for a confirmation (Price Action) before entering this trade, because the dollar index is showing a different story on what could happen to EUR/USD.
Hello everyone! Very nice long opportunity on FX:EURUSD . The chart says everything. So, what we have here: 1. Diagonal structure trend line, which acts like a magnet, as we see the support has become resistance @1.1330 2. 1.1330 is the completion level of bearish bat pattern and ABCD pattern. 3. we grabbed some profit from this pattern trading and the price came...