Although my long term bias is LONG on this pair I feel a good low risk, high reward trade has presented itself.
Nice and simple, long term support acting as resistance, nice gap between here and the next support.
Trade safe people and always prepare for all outcomes.
I am not going to delve into this too much as my post from last week covers my thinking behind this. We are agian testing the 109.70 resistance which has been tested multiple times recently.
I dont normally take out a trade of a friday unless its a short target T/P. But if this goes the correct way then i dont mind holding it or possibly...
This is one for everyones input, i was having a little mess around with the charts before and a couple of interesting potential moves stood out to me.
I honstly believe 5000 will be tested again, the green support level at the bottom streches back to 2016, with dec/jan 2019 also supporting.
If we dont break below the red support which began in...
Morning Traders and Happy New Year,
I hope 2020 is a great year for everyone and a successful one.
So I was having a look at the GBPUSD pair this morning and believe we have potential for some short trades in this ascending bullish channel. No specific entry or
My main reason behind this published chart was the fundamental factors working in the background....
Good morning all,
Bitcoin is like a pressure cooker at the min, a real Mexican standoff. The volume is extremely low for this time of year and it is coming to decision time.
We are in a trade channel of about $2000 between long term support and resistance. In my opinion a big short or long is on the cards, I would just wait for some confirmation or indication...
Good evening traders.
I thought I would share another stock I really like for a couple of reasons. CGC is at a great entry price, even if we fall lower good dollar cost averaging will leave you in a good place when we return to the upside.
So my first reason, so called pot stocks have been getting a bashing by the media the past 6 months(just like crypto)...
I have opened a short on the USDJPY pair, i feel that on the daily charts the struggling to break the 109.70 zone.
We have a long term resistance starting from OCT 18 and i just cant see it breaking through, unless we get some very good economical data or trade deal news with China i can see this pair falling.
I feel even with good news, that...
I have been buying MGI from around the 2.60 area, I only entered a portion of my holdings as i felt that the 2.00 region would be met soon (as shown on twitter) I was happy to average from this zone down incase the bullish flip happened sooner than expected.
We have a double bottom at the min around a good support region. This again a great...