FOREXCOM:GBPJPY Price has continued to bounce but not break through monthly major support zone area (shown above) during the previous weeks and month. We can now expect price to continue in the right direction as we have a reversal of trend occurring. Do your due diligence, NOT FINANCIAL ADVICE & always remember risk management is key. Stay bless yall and...
We see on the daily chart the british sterling pound is under clear bears pressure and broke the support already on the 4H chart So its clear chance to enter a short swing trade with big targets and small stoploss just above the last high with 100pips length and our target profit will be at 1.29000 with 700 pips
Hi ppl just found this logarithmic scaled TA while trying to complete FTX dungeon including note "much reward lol" #doggonacci
If we check the volume we see the seeling power is decreasing. The EMA could soon curle and the risk/reward looks pretty good. Good time to step in long.
The choice is yours - you can see it any way you like. The technical features here are: 1. Reducing peaks of squeeze momentum. 2. Recent RSI is below 50. 3. Rejection of 4H ATR line. 4. Large area of consolidation. Caution: none of the above means that price has to crash. Just to be clear - price could well go to the moon. The technical situation in my...
Hello Community! When looking at SHIB/USDT on the 4hr TF we can see it trading in a very tight triangle. With the market ultimately moving with BTC this can go in either direction. A breakout in either direction, beyond the trendlines shown, should let you know if you should be entering a long or short position. Keep an eye out for a breakout and a retest before...
Hello Community! AMC has had a very strong run all last week. It is currently trading in a bull flag pattern and is at a crucial point at the bottom of the triangle. If it fails this support we can expect the price to drop down to the yellow S/R line shown or the 55EMA. Covid-19 is slowly becoming less of a major topic and movie theaters are beginning to pick up...
I saw a lot of traders they bet for a bull run, without checking his/her risk/reward ratio. Many unexperienced traders are beting for new ATH at a stock, which shows sometimes a really small risk/reward ratio like 3:1. So they risking 3 times of your investment as they could probably win. That´s why I wanted to write this small explanation about risk/reward...
With summer quickly approaching the initiative in the oil market has changed with more aggressive bids similar to what was seen in December of last year. With inflationary conditions in the market becoming evident and supply chain issues causing major ruptures across many markets I still have very a bullish outlook on Oil. That being said, I also expect for a...
Another perfect entry on EURUSD in the NY session for 17th of may. DXY is still weak and continues its descent this Monday starting in the London open with the EURUSD continuing its upwards trend. In the NY session after a healthy correction to the 78.60% fib level (1.21350 psychological level), the EURUSD should continue its way up to 1.21700 level and to...
another one to annoy the bulls (apes)
Analysis based on Price Action. Following a lead with BTCUSD.ETHUSD.LTCUSD. With risk Management you will never loss. Thank you.
TRXUSD Tron Meta Trader 4 Terminal Reward 3591.46 Risk 999.80 Lotsize 16.31 3.59R
IOTAUSD Reward Risk 4.57, 4.28 Lotsize Meta Trader 4 Terminal 4568.90 USD Reward 0999.38 USD Risk 4.57 R-Multiple
USDCHF SHORT opportunity with absolutely ZERO RISK. No Drawdown. Earlier the price broke the trendline to the downside, went back up to retest it and after fell strongly right to our TARGET of 0.92231 . Pure price action and Clean chart. Thank you for taking the time to check out my idea! This information is NOT financial advice. This information is for...
Very nice short taken today on GBPUSD. 3 pip Sl. 4hour unwillingness. LTF BOS giving early indication of downside potential.
Here we can see a double bottom pattern with wick rejections which is showing that there could be a reversal in trend. The USD is seeming to have dropped since BIden has come into power we have seen a drop in the dollar but i have a strong feeling that we will see a strong upside push. The double bottom occurred on both the hour 4 and hour 1 charts. Start of the...
I am looking for a shorter term trade on EURUSD, expecting one more dip to 1.2. Most of my bias stems from a recovering Dollar which I expect to continue going into next week after a positive outlook from the Fed and CPI meeting expectations.