hello everyone this analysis is based on fibonacci + trend line + channel trading + support resistance lines so there are many more analysis about this currency pair sorry for my lack of English hope you Understand me ♥ please comment in below to more communicate This is Trading With Mky ♥
OIL is trading in a falling channel/wedge and is approaching a confluence of resistance level. Having missed all the long opportunities I am looking at a short trade and I am waiting for the market to present me with the reversal pattern. IF this confluence fails, My next short target area is the 43-44$ massive daily resistance level. The market will almost...
The video explains exactly why we are long on EURGBP this morning, but it also details our trading system and explains exactly how we trade. The main point is that we only enter on the Fibonacci retracement, but we use it a little different than everyone else! Anyway, enjoy the video... more posts coming later
GOLD is trading in a rising channel with the smaller rising resistance mid-channel being the closest to watch. We've missed all the long opportunities so far as any buy now will be a buying high with dubious risk-rewad ratios. Thus we are looking at a short. The first good looking short area is the confluence of the rising resistance and the horizontal key...
EUR_NZD has reached a confluence of support lines, thus I am bullish and I am looking to enter a long trade. For us to enter a long trade, we need to see the conclusive breakout of the resistance of the minor falling channel. Wait for the confirmed breakout, go long on pullback, and Enjoy 4:1 risk reward. IF there is NO breakout-setup is invalid. And we do...
EUR_USD has respected the support confluence and is surging upwards. The strong bullish movement in ongoing, that is most likely a reaction to the US presidential elections. All the long opportunities are gone as far as I am concerned, so we will be looking at a short opportunities. A good area for potential shorts is the confluence of the resistance lines...
The previously discussed short on GOLD played out nicely and now we are seeing Gold bouncing up from the support. There are no long opportunities on gold now, but there might be two potential short spots. One, at the confluence of the falling resistance levels. The other, at the confluence of the green horizontal key level and the rising resistance line. In...
EUR_USD has found a support at the previous lower low level and has broken the falling channel resistance level. The breakout is confirmed and so we are all aiming at a long trade. For a long trade, we need a pullback from the current highs , and then we go long from the level that you can see on the chart. A great trading opportunity with the first target...
BITCOIN has hit 14.000 dollars! Congrats! It is surging on the fundamentals including PayPal incorporating Bitcoin into its payment system, The Turks and The Chinese using Bitcoin to escape the draconian capitals controls to get their money out of the country, the "halving" of the mining reward etc.. On the technical side, however, we can see a confluence of...
EUR_AUD is trading above the broken key level, while also respecting a diagonal support. So the target trade is a long. For us to enter a long, we need the small downward channel resistance breakout confirmed, a pullback and then depending on your trading style a straight long or waiting for the pair to provide you with some additional local structure or...
USD_CHF has reached the lower boundaries of the daily key resistance level. Coupled with the double top with the second top being the lower high, I am bearish on the pair. Now, depending on the style of trading you prefer, you might wanna enter a short now, If you are an aggressive trader, Or, you need to wait till the conclusive breakout of the horizontal...
BITCOIN has had a bullish rally following the news of PayPal incorporating Bitcoin into its payment systems. Now, on a technical level, there is a buying opportunity from the support confluence of the channel and the horizontal key level. I would not recommend any short, even though a movement downwards is likely too, as the upside is clearly more preferable...
OIL has fallen following the strengthening of the dollar and rumors of the slower economic recovery due to the 2nd wave of Covid-19. On the technical level, oil has reached a support confluence of the smaller and greater parallel channels as well as the major horizontal key level. Therefore, I am bullish biased, based on the technical analysis. The retest of...
COFFEE has reached a confluence of strong support lines, so I am looking for a long opportunity. Now, we can see that there has been a breakout of the downwards channel resistance upwards This breakout was also a breakout of the neckline of the reverse head and shoulders pattern. Now, we are waiting for the 4h candle to close ABOVE the neckline and we are going...
AUD_CAD reached a confluence of resistance levels. So we are bearish biased and we are looking to open a shot trade. Wait for the flag resistance to be broken downwards, then go short on pullback! IF there is no breakout, the setup is invalid! Thank you for watching! Like and Subscribe to NEVER miss a new video!
EUR_GBP broke out of the bullish wedge. Now is trading above horizontal and diagonal support as well as above the wedge resistance turned support. The target trade is a long, so we are waiting for the market to break upwards, retest, and then we are going long. IF there is NO breakout, the setup is invalid! Thank you for watching, like and Subscribe to never...
GOLD hasn't moved at all during the last trading days, as I suspect the market is waiting for the election results, which will be held in just a week. Now, I am bearish on gold as it is within the downward channel, and broke out of the smaller upward channel. So for those of you who want to be in gold, you might go short now, with the target of the green...