This is just an update on this trade we have been holding since the 1.71882 area, We can currently see price at another key resistance level, now we might see price break through this and make further movement up... or we could see a drop now after a few days of flying high ( the aeroplane might be out of gas and need a refuel ) Even though we currently hold a...
We have 2 support/resistance lines that have been well respected ( you can look and work where out for yourself this time ) because how will you ever learn if people keep pointing these out for you with big colourful arrows :p, We also have a lovely trend line ( TL ) that has been respected despite breaking out it didn't last long and came back up and started...
The steady decline of Amazon is clear to see if you just open your eyes, but people don't want to do that as they are brainwashed!! A recession is coming, if you cant see it then you will loose everything! Simple as that really.. Look at the bigger picture and don't believe all the s#it you are fed by the government and big business owners.. of course they don't...
It doesn't take a genius to work out and spot key levels on this pairing as historically price respects them, and once again we can see price respecting our support and resistance levels ( green lines ) on this chart. More recently price has respected a lovely trend line ( TL, Blue line ) that has formed, price has bounced off this TL 5 times in the past 6 days...
We have a strong trend ( TL ) line formed which has been respected a number of times, I'm sure you can point out where! Now our overall outlook on Gold is long ( bearish ) but we could se a slight pullback to our trend line before price takes off again. We are bullish long term on gold because we can see the mess the US economy is whilst other people continue to...
Here we have 2 supply/resistance zones ( red and green box ) price has recently respected our green zone as resistance and is making a bearish run, We think that price can reach our support zone ( red box ) although if you are trading just remember to use correct risk management as GBP can be very volatile surrounding Brexit. BREXIT....... The conn to make people...
Drawn on the chart we have a key monthly support and resistance level ( been used as resistance in this chart ) On the monthly chart this level has been respected and touched the past 4 months... Get the chart up yourself and check you lazy bas#a'rds haha, You can also see this key monthly level has been respected on this chart ( 4H ) Now you can see why it is...
We can see a lovely resistance level that has been respected ( green line ) off this recent bounce we have seen a lovely bearish run today forcing price down to our support/resistance zone ( green box ) where we are expecting a lot of buying power to come into play and make a lovely bullish run. The reasoning behind this was explained in our latest BTC post on...
Personally I think we will see a big market pump for Bitcoin with Elon Musk coming out and saying he thinks Crypto is the future, People will be selling there Grandmas just to buy Bitcoin ( No we don't support doing this, but this is how stupid most people are these days ) So with this many people buying, the market will have a big bullish run, then when people...
Support/Resistance line = Blue line Trend line ( TL ) = Yellow line Blue + Orange arrows = Support Purple arrow = Resistance Looking at this chart it took me seconds to spot these key levels, Support and resistance level has been used strongly in the past and price on Friday came up to test this level as resistance, What makes this setup even stronger is price...
Here we have 2 strong trend lines ( TL ) TL1 was touched by price 6 times before it finally broke out, and TL2 was touched 16 times before breaking out. TL1 when price broke out it had a bullish run for 8 days and in this time it managed to collect 270 pips, going into this breakout there was a slowdown in selling power ( small bodied red candles ) and a lot of...
Drawn on the chart we have a key monthly support and resistance level ( been used as resistance in this chart ) On the monthly chart this level has been respected and touched the past 4 months... Get the chart up yourself and check you lazy bas#a'rds haha, You can also see this key monthly level has been respected on this chart ( 4H ) Now you can see why it is...
You can clearly see what a strong support/resistance zone we have here, marked with purple arrows is where this zone has been used as resistance and orange arrows mark out where it was used as support, Now price is currently in our zone and after moving 110 pips to the downside ( bearish ) on Friday we are expecting downwards movement to slow down and for price to...
Purple arrows = Resistance Orange arrows = Support We can see 2 very strong zones that have been used as support ( blue box ) and resistance ( green box ) Fridays daily candle entered this zone and couldn't break it then bounced as expected off such a strong level, We can see price making a good push to the upside and eventually reaching our resistance zone...