USDCAD converged to a very old supply level. The expectation is to see a drop very soon. But for now the price shows a flag that is a continuation pattern. That flag is a basing behavior of the price. It is consolidating in that price range. The continuation pattern suggests a potential new rally, completing in this a way a classic Supply and Demand Trading...
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Looking to buy the GBPAUD after a correction.
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AAPL showing weakness in its uptrend, this is actually a large bear flag pattern, we saw price break through the angled (dotted) trend line, It has consolidated after and created a head and shoulders pattern. It also has ran into resistance and 50% retracement level. Volume has also declined as price moved up showing divergence between price movement and actual...
GBPAUD is my favorite currency of this second half of 2015.
I have earned a lot of money trading this currency and now I have a sell trade that is running very well.
Here you can see my Trading Plan and the last trades that i take.
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I will respect my trading plan...
The price is approaching with a strong momentum to the lowest Supply Level.
It is a risky level for a Sell. But taking in consideration that it is also in correspondence of the head of the last large swings, I could chose to risk a trade there, considering also that the main trend in the higher time frame is bearish.
Target in the Demand Level, so as it visible...
I am writing a blog post to give more details to the attenders of my last Private Webinar on profiting.me, to explain how to identify the main trend and take advantage from it. To make this I just used CHFJPY as example.
This image explain very well the importance to have clear the main trend and what is prevailing in the market.
In this scenario the...
USDJPY is up to its same old tricks. The USDJPY like to consolidate tightly for periods of time then explode out of the range. This Breakout/Breakdown opportunity is setting up on the 240min chart. It's just a simple Balance Area. These Balance Area's are where "smart money" is either Accumulating or Distributing positions, we never really know what they are doing...
Oil currently is its last stages of the decline that started in the summer of 2013 and it will place a bottom within the next few weeks. It is declining now in Minute wave v "which will be a 3-wave decline" where Minute waves i, ii, iii, iv and v represent the ending diagonal wave 5 of wave (5).
We are expecting wave v to over-shoot to the downside of the ending...
This is probably the best trade set-up of the day for me in terms structure. The market has come back to test a trend line resistance now turned support and at the same time completing a bullish cypher where there is a lot of structure looking left. The Risk:Reward ratio is more than 1:1 so let's hope for a winner.
GBPJPY is definitely in up trend and it is rising for a long time now.
In this trading scenario, buy more to any bounce back on a fresh demand Level. I had a trade in the last weeks and I closed it getting over 500 pips. But of course there were other opportunities to buy more.
The Demand level drawn in the monthly chart gave a relevant strength to the...
The Price tested the Supply Level and Now it could bounce back. My trading plan is in favor of a rising up when the bounce will be exhausted. according with the trading plan I am looking for buy opportunities. But this is only a potential scenario. I don't exclude that the price can have a different behavior. This is a risky trading plan and a risky trading...
The Supply Level on USDCHF shows its own weakness. So, watching the Chart, in the third test of the Supply level the price moved higher going out of the old used Supply level. It marked a new and larger Supply Level absorbing the old one on the monthly time frame.
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Definitely the Demand willing is dominating the Price...
NAS100 is on a fresh supply level. it is a good level for a sell entry. But considering that the index is in up trend for years and any bounce back defines later a new high, what would you do?
What will be the confirmation for a sell trade?
I keep the focus on the pattern marked in the chart. It is relevant to understand how to act.
What do you think?
GBPJPY is continuing the rising up. I have already closed a trade with +505 pips here. The demand willing is predominant and the price has already retested the demand level. By the way, the closer supply level is weak.
The expectation is to see the price over 193 in some weeks, following the trading plan visible on chart.
What do you think?
USOIL, waiting to see if there will be a new rally in the short term (scenario 1) or if the price will drop again to the lower demand (scenario 2).
The monthly chart shows the tendency to follow the bullish behavior. Let see.
The chart shows the potential trading plans.
What do you think?
GBPAUD, on monthly, weekly and daily the trend is bullish on demands.
Following the trading plan, have an order ready to be executed when the price retraces back on demands is a good idea in this scenario.
What do you think?