About meI got engaged in the financial markets at age 13. At the age of 17, I developed my own trading academy, helping more than 100 people start trading. At the age of 18, I started Fuel, a chat-bot based e-learning changing the way people approach trading.
As we can see on the chart there is a double bottom pattern on the EURUSD, we are placing our Buy Stop at neckline level ( a little above to avoid a bounce trade), we can also confirm this operation by looking at the ADX whe3re d+ and d- crossed giving us a reversal signal, our SL is placed at the second bottom and TP placed with 1,95RR ratio
A couple of days ago we hit a new high of this year with the SPX index, the trend, which I illustrated with SR Channel on the chart has been going up for a couple of months already, but with the last high we touched the 2820 resistance level, will the SPX break out due to the current trade wars between US and China ? From the data, we are currently receiving we...
After the latest apple credit card news, MA stock is going up, and probably won't stop just now. I'm opening a long trade ( trend following ) on this one even though or usually don't trade stocks, ( due to the liquidity i prefer fx) but this one seems to be a big one. Analysts are saying that this credit card trend could grow a lot, not only with apple, but with...
We saw the USD getting stronger the last week, but now that the trade war is not having any proceedings, the currency is feeling a strong decrease in value.
Lets wait to see how everything proceeds. Waiting for PMI of UK, currently as illustrated on the chart we have a pretty strong ADX with no reversal signals so we profit from the trade with a sell stop order
Elliott wave analysis on the EURUSD from 2008, as you can see, after the ABC correction, the price well about 20% in 120 days, would be equal to 5779 pips or with a 5std lot it would be equal to a 252,000 Euro profit
In the chart attached you can see a perfect example of a double bottom with a small pullback after the resistance breakout.
The market was also in a downtrend before that formation, this confirms the chart pattern.
As you can notice in the chart, the macd signal line crossed the 0.0 level in uptrend and at the same moment the price broke out of the resistance line in uptrend. Placing SL at minimum support and Target price with 2.50 Risk - Reward ratio.GBP