Hi guys! This is one of those trades that either works beautifully or not at all. Look for a double bottom for evidence of reversal, with a tight stop loss below the major structure. I have made multiple take-profit levels so that we can keep them as safe as possible. A small profit is still profit. Good luck and trade safe! Please remember to like,...
Hey team! See sniper entry for EURCAD today. Ultra tight SL, lovely set up, good confluences. If we break below SL do NOT re-enter - will be a much deeper correction. Sell stop safest - advise use plan outlined. Good luck and trade safe! DrBear
Hey guys! Thanks for following. Today I have a simplified analysis of the GJ chart for you. Look out for this to develop to entry either next week or the following. It's hard to make complex things look simple, but It's important you can understand the chart in simple terms. Ideally, look for rejection from marked structures before entering. I have...
Hi guys, Apologies for a quiet week last week - lots of USD news that was messing with the markets, and I was unwell after a covid vaccination. Much better now! We are almost at the major descending trendline now for GOLD. If we sell, we will sell here. Look for evidence of bearish potential (flags, pennants, or a double top) and enter with a tight stop loss....
Hi Team! This was going to be for Tuesday, but after gold was so kind to us last week, I didn't want you to miss out. One of two things is now going to happen with GOLD. 1.) We bounce from the current short-term descending trendline and go back down for a fast 100 or so pips. 2.) We go back up to the major descending trendline, before dropping back down....
Countertrend! You can see that my last setup regarding this pair was picture perfect, and we are soon to reach our INSANE 17:1 reward! If you didn't get in on that don't worry - we have a counter-trend coming up. It is good practice to go with the main trends on the longer time frames, but there are some occasions we can take advantage of drawdowns. I am...
Hi team, and welcome to my trade of the week! This is a little different, as it's a swing trade - it will take at least a week if not two or three, to come to fruition. Chart analysis: On the weekly time frame, we can see a nice channel evolving. We have just rejected from the base of that channel, and have been consolidating for the past week. We are...
Hello team! Don't miss this excellent short opportunity for gold - my Midweek gift to you all! We are very soon ending a five correction to the major downward trendline AND the Fibonacci 0.618 level. Once you see rejection from this key level, jump in with a very tight stop loss. Like my ideas? Please like, subscribe, follow, comment, and share! Good luck...
Hey team! We saw a LOT of volatility in the gold market last night, with the high-impact USD news coming out. This saw big spreads as brokers hedged. If we take another look, we can see that our fundamental analysis actually remains unchanged, despite this volatility. Now that things have calmed down again, we can see we are still in a 5 point correction to...
Hello and welcome to my trade of the week! I have been on holiday for the last week, hence the lack of daily updates but we are BACK this week and we have a beautiful setup to start with! For those of you that haven't checked out my previous posts, please take a look - last week's trade of the week is running beautifully. If you haven't already, please like,...
Hello! Here is my daily idea for tomorrow - getting it in early as I will be traveling. I rarely analyse crypto, but this is a lovely analytic setup. We are in a clear corrective ascent following a bearish impulse move, after we hit recent highs in the last couple of months. It looks like we are likely to hit a shoulder, and if we do, it's a strong...
It's really important that we don't get bogged down in lower time frames when analyzing our charts. As traders, we want to catch big impulse moves, not smaller corrections. You can see that we are approaching a key level in the next 1-2 weeks. Price will either reject from here or move on up to (recent) historic highs. Once you see rejection from one of these...
We are in a descending channel for this pair and are reaching the end of a smaller time frame daily corrective pattern, touching on a strong daily resistance level. Given that we expect to see USD strength over the next 1-2 weeks, and that the NZD is expected to weaken - it is reasonable to look for NZDUSD shorts. There are two possible options here: 1.)...
We can see from the chart that we have rejected from key weekly and daily support levels, and are now able to look down into the 4H timeframe for short opportunities. We will either see a break of the marked correction or a further correction back up to the top - either way, we have high probability trades, with high RR. It is worth noting that, as we come out...
We are approaching the daily resistance level on this pair, and we can see a push for a final upside prior to dropping. We are seeing GBP weakness now on multiple pairs, and this should translate through to this pair shortly. There are two possible entries/scenarios here: 1.) Early beak of ascending trendline that is marked on the chart. This is a break prior...
Hello, and thanks for following! My trade for this week is AUDUSD. Trends: - We are expecting AUD weakness this week - We are expecting continuing short term USD bulls - This pair broke from ABC ascending correction on 4H timeframe, rejecting from a strong daily and weekly resistance level. - We have since seen consolidative channel on 4H timeframe (marked...
We have Bearish momentum following a major trendline correction break. We now have a clear bear flag on the lower timeframe, not far from the original entry. Enter on the break of this flag, stop loss just above the correction. Don't miss out - this is a beautiful safe entry! Trade safe, and if you like my ideas please be sure to like, comment, and...
We are expecting JPY strength after a strong bear run for JPY last week. We can see on the 4H the clear ABCDE correction here, expecting to top out at one of two strong resistance levels (marked on chart). With this combination, we can expect to have a high probability of a short on this pair! We may well see either: a.) Slightly higher test of resistance...