Palladium saw a 93% rally from the August 2018 low to the March 2019 high and with every
big move we can expect to see price become exhausted and form a pullback, reversal or consolidation.
In this case, we saw a period of consolidation which appeared in the form of a cup & handle pattern.
A cup & handle in an uptrend is a strong continuation pattern but only if...
The current climb from the October 3rd low has now grown to 8%, that's a 1%
increase from the previous week.
As a reminder, price broke through the previous all-time high set at $3,028 on
October 28th 2019 and we are yet to see a pullback.
If you notice all the rallies highlighted on the chart, they were all followed by a pullback or consolidation.
Following the 2+ years of consolidation from December 2015 to May 2018,
it was likely that price was going to trend to the upside after breaking out.
Usually, when price consolidates for lengthy periods of time, it tends to form
a big trend in the direction of the breakout. As the breakout occurred above resistance,
we may see a trend continue for weeks if not...
Since the 20% decline up to December 2018, just after it seemed like doom and gloom for the
S&P 500, the market has found its strength again and has climbed up from the low of December 26th
at $2,346 to its current price of $3,078.
This is an overall rise of 31% in just over 10 months.
With a gap and break above the major previous resistance level at $3,028 on...
welcome to another free signal of Week 44 Nr. 4
Important: Wait for the retracement down to entry.
We want to see a rejection at the Trendline and horizontal Support-Zone before we buy.
Market Buy: 121,156
Target 1: 121,473
Target 2: 121,734
Target 3: ...
welcome to another free signal of Week #44 Nr. 1
Important: Wait for the retest of the trendline and rejection before you sell.
We want to make sure that we see a confirmation before we sell.
Market Sell: 1,62624
Target 1: 1,62488
Target 2: 1,62367
USDCAD Long/Buy Idea
waiting for a momentum candle close above 1.312 to buy this one
1- Regular Bullish Divergence on MACD (in red)
2- Trendline (in blue)
3- Demand/Support zone from Daily
Three confluences are enough to consider Buying USDCAD, after a break above 1.312 (in gray)
welcome to another free signal of WEEK 42 Nr. 3!
How to trade: Wait for the break below the base - We want to see a retest & rejection before we sell.
Market Sell: 0,62850
Target 1: 0,62699
Target 2: 0,62582
Target 3: ...
EURUSD Short/Sell Idea
waiting for a momentum candle close below 1.09930 to sell this one
1- Regular Bearish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Resistance/Supply zone (in light-blue)
Three confluences are enough to consider Selling EURUSD, after a break below 1.0993 (in gray)
N.B. we have got a sell setup forming as well on...
- Solid uptrend
- Good area to jump on the train
- Break and close below TL will negate the trade
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Hi @FollowMyForex fans,
Another week, another trade. Today we have the EURJPY that just gave us a short signal for our trend-following swing trading system. The reward is 2x as big as the risk which is our minimum acceptable ratio.
Hi @FollowMyForex fans!
Our trend following system just triggered short signal on the EURGBP pair. Just as predicted in yesterday's trade analysis of the EURAUD, most trades are lining up and here we have the second swing trade in two days - not bad for all the Euro crosses!
This trade has a 3-to-1 reward ratio which is exactly the type of trade we'll take...
Have been waiting for this for days now. Finally I have the chance to put my bets with the Bulls. Its a 240 minutes / 4 Hours Analysis.
The Chart of USDJPY has been following the 90 EMA as its Support/Resistance Area for many days now and then there is that 285 EMA which the Dollar-Yen has been respecting as its long-term support and resistance in 4 Hours...
welcome to another free signal of Week 39 Nr.5!
Buy here: 0,63321
Target 1: 0,6350
Target 2: 0,63599
Target 3: 0,63683
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Wanna see more? Don`t forget...
welcome to another free signal of WEEK 38 NR.4!
How to trade: Wait for the break above the resistance @ 1,61322 and wait for a rejection before you buy.
Risk-Management: On Wednesday we`ll get to see the FOMC-Event! Close the position or cut your risk before we head into it !#Volatility
EUR/USD stopped bearish if:
The resistance of the channel (Red Line) broken out
MA 50 crossed with MA 100&200
As long as those condition hasn't happened,
Open SELL EUR/USD on the RESISTANCE, Take Profit near the support.
Always use MONEY MANAGEMENT
Goodluck Everyone :D