Art_of_Trading

Art_of_Trading

The XPR price rose significantly last few days and it is more likely to be continued until it reach the previous high at 1.2000. It is a rounded number and acts as resistance level. The price already respected that level two times and it is more likely it will do again. The previous buyers are going to lock their profits at that area, and the new sellers most...

Art_of_Trading

The ETH did not move much the past few days. The market move sideways and we see the classic example of balance between buyer and sellers. None of them takes initiative to move the price. It is the area where previous bears and bulls take their profits and new traders are not stepping in, because they not sure what is going to happen next. Patience is the key in...

Art_of_Trading

The BTC raise last few days and reached 11532. It is getting closed to previous structure highs. The red zone indicates the resistance area, where all selling orders are most likely are placed. We know that the big institutional orders are usually placed at key levels and that area acts as the key level. Moreover, if we look the price action it is clear that the...

Art_of_Trading

The market moves sideways on EURJPY 4H chart. It found the structure high at 135.36. The price respected that resistance level few times and it is more likely it will do it again. Also, the big orders are usually placed on those key levels. -------------------------------------------------------------- Technical Indicators, Forex Historical Data, Expert Advisors...

Art_of_Trading

There is no strong market direction on EURJPY H1 timeframe. It has formed a potential bat pattern with a nice Risk/reward. If the price hits fibo 88%, there is an opportunity to go short. The resistance level is at 133.12, which is the retracement zone. T1 - 38.2% T2 - 61.8% --------------------------------------------------------------------------------- Forex...

Art_of_Trading

The price went up today and it has formed the bat pattern on H1 EURUSD chart. It is a structure high and resistance zone at 88% fibo retracement and bearish moves are expected. Wait the market open on Monday to avoid any gaps or weekend moves. T1 - 38.2% T2 - 61.% --------------------------------------------------------------------------------- Forex historical...

Art_of_Trading Updated 

-

Art_of_Trading

The market moves sideways on 1H FX:AUDUSD chart. There is a main structure level at 0.7877 that acts as support. Price is forming gartley patter and if it finishes its last leg, it would be a good opportunity to go long. T1 - 38.2% T2 - 61.8%

Art_of_Trading

The price broke the previous resistance level at 1.1763 and the market continue trending. After the impulsive move (breakout), the price started correction. The best zone to step in and follow the trend is the zone at 1.1763, which is now our support. Trend followers will more likely place their buy orders at that structure zone and counter trend traders will lock...

Art_of_Trading

Very interesting moves on FX:EURGBP 1H chart. It makes lower lows every time it touched the resistance at 0.8953. The previous bar left the shadow, which indicates the bears are there to get control of the price at that key level. Plus, there is a fibonnacci 61.8% level at that reversal zone. It's a good opportunity to go short.

Art_of_Trading

There price is getting close to the major resistance level at 1.4760. The market moves sideways last few weeks and it respected that resistance many times and it is more likely it will do again. If you are an aggressive trader, you may place your sell limit order at the key level. For more conservative traders, wait the confirmation bar and then open the position.

Art_of_Trading Updated 

There is a good selling opportunity on 2H FX:USDJPY chart. The major key level is 112.332. The price respected that level many times and it is more likely it will do it again. There is a potential bat pattern with nice Risk reward. If the price goes closed to 88% fibonacci retracement, that would the entry point. Place stop loss above resistance level. T1 -...

Art_of_Trading

The price broke the strong resistance level on FX:AUDUSD 1H chart. It became the support level and the key zone for buy signals. The price is doing correction after the strong impulsive leg. It is getting close to the major support zone at 0.7967, where the new impulsive bullish move is expected. It is the zone, where counter-trend traders will lock their...

Art_of_Trading

The price reached a major level on Daily FX:EURUSD chart since January 2015. All key market speculators are closely observing this zone to make their buying/selling decisions. The best approach is to wait the breakout and see who gets control of the price - Bulls or Bears. After breakout confirmation, enter into the trade with pretty nice risk...

Art_of_Trading

The price is bullish today on FX:GBPJPY 1H chart. It is getting close to a major resistance level at 146.260. Buyers have to take their profits somewhere and sellers have to step into the trade. The best level to that is close to resistance area. Moreover, the bat pattern is formed, which give entry and exit points. T1 - 38.2 T2- 61.8

Art_of_Trading Updated 

The market moves sideways on FX:USDJPY 1H timeframe. The key level is at 112.885. which market acted as resistance and then after the breakout became the main support. There is a strong selling pressure and it is expected to price will go down. Moreover, price action support this selling idea: Pin bar and doji

Art_of_Trading

The price moves sideways last few days on 1H FX:EURJPY chart. It has found a support level at 129.10. It respected that price few times and it is more likely that it will do it again. The gartley pattern appears, which increases the probability of this trade and provide entry and exit levels. T1 - 38.2% T2 - 61.8%

Art_of_Trading Updated 

The market moves sideways last few weeks on 1H FX_IDC:EURUSD chart. It has formed a bat pattern, which gives a exact entry point and SL & TP levels. In addition, there is support level at 1.0882. The price respected that level few times and it is more likely it will do it again. Big buying orders usually placed at key levels, which will push the price up. Those...