Currently the price makes a consolidation against the primary uptrend.
Considering that the overall trend is quite bullish, movement to the long direction is more likely sooner or later. The trend makes it possible to trade with nice RR ratio.
As always we cannot expect any movements from the market. Therefore, I marked the support with blue line where...
I am just posting these for self reference and record. I posted this one a little later, but I got in on the breakout of d1 trendline, now acting as support. managed to get staggered entries giving me a 5:1 RR up to the tp.
A short signal just triggered on the GBPJPY. Our swing trading system will target a 5-to-1 reward for the risk taken with this trade! These sort of setups don't happen too often but when they do they make all the difference between a profitable and money-rolling-in trading month.
We will be taking 50% profits at the first target area as illustrated on the chart...
My trading idea to short the gold yesterday failed miserably as the gold jumped more than 150 pips from where I plan to enter a short.
However, such a volume for gold is very normal and should not be determined as a trend changer.
The price shot up and is now seen resisted by a falling trendline, also the top of a previous symmetrical triangle.
It was also noted...
Sup all I did some screening and TA a while back and I figured I would share my findings on this one: QVCA
Check out the other idea linked below;
Like, follow, and comment please! I am trying to post more now via the video feature to explain some of my crowded charts :)
Manage your risk accordingly!
Big bullish candle(some call it caffeine candle) from 15 of February established move which could reach highs from September. Pair was stopped by GAP and is on consolidation creating nice flag pattern. I would enter now or wait for pair to retest short term support established around 0.0001700 level. I'm not sure when or if the pair will go above GAP and it is...
I am back with more analysis.
Use them how u want them to use, this is my opinion and my way of profitable trading. I don't recommend following people blindly.
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