ForexCollege

ForexCollege Updated 

I'm going for Speed Lines combined with Fibonacci retracement tool. Price is at a level of importance previous support now resistance. Uncertainty is our game so we should anticipate all possible moves the price can take and then trade the move with the highest probability. With what is going on in the world and social media still expecting Oil to go to $100 my...

ForexCollege

Price trading midway between my resistance and support speed lines. Price bounced of a horizontal support, but did not reach the 38.2 retracement level. On my short list and will read the candlesticks as soon as price start intersecting my speed lines. Set alert on your trendlines and only check back once alerts are triggered.

ForexCollege Updated 

The CPP is when a support change to resistance and resistance change to support. Here we can see that the price respected a previous support as resistance, however the pullback from the level was short lived. As I like to anticipate all possible moves the price can make, and in these times of great uncertainty, my bias is starting to look more bullish. My...

ForexCollege Updated 

I have identify a inverse head and shoulder (IHS) pattern and plotted graphics. The trend is still down as I don't see higher highs yet, so my bias is still bearish, however I will consider all possible moves the price can make. With a bearish trend still in tact I will consider the triangle pattern as my bearish trade indicator (head to left shoulder and neckline...

ForexCollege Updated 

After the strong and steep bearish movement a retracement of some sort was expected. Here I have plotted my Fibonacci retracement level, and we can see the price sitting at the 38.2 level. My sentiment is still bearish but I will look at candlestick/price patterns on lower timeframes before taking more action. Consider all possible moves the price can make. Should...

ForexCollege Updated 

Fundamentally all seems right for Brent to go to $100. Let us look at the technical side of analysis. We have the price in a rising channel, should the price remain in this channel we might see the $100 mark soon. Our date range is indicated by the two vertical line.

ForexCollege Updated 

Gold at key support and at triangle base. Can Gold go lower? Consider all possible moves and use lower timeframes to enter trades on candlestick patterns.

ForexCollege Updated 

What we anticipate is a breakout higher, if this happens with candlestick confirmation we can anticipate a higher price level of around 19.85. Alternatively the price might find resistance now and keep trading within the triangle pattern.

ForexCollege Updated 

With all the news going around that the price of oil is going to soar, we need to look at a price chart. Here we have a tentative head and shoulder pattern, but also a falling wedge (bullish - triangle) indicating that the price might move higher. With this we consider all possible moves the price can make. We will read the candlestick story teller around areas of...

ForexCollege

We all know that the price move through phases or cycles. We might see an accumulation phase here before the bulls start getting in and create an increase in demand luring in more buyers. Will keep this on our watchlist. A massive rise in the price of Natgas might be disastrous for Europe when the winter season kicks in.

ForexCollege

The price is in a uptrend, but can this be a tentative head-and-shoulder pattern? We know from experience that when a pattern respect the neckline of a pattern at least for awhile, that sooner or later on of the forces of supply or demand will over power the other. While the price is still respecting the neckline as support we will consider buy opportunities....

ForexCollege

A rise in the price of NatGas is not there yet, but this is on our shortlist to track. The energy crisis in the Euro zone will open the door to profitable long and short opportunities when Natgas price start rising. And it will rise. Always consider all possible moves the price can make and trade the setup with the highest probability.

ForexCollege

Analysis your charts draw some trendlines add red and green boxes (indicting buy or sell) of what you anticipate the price can do. Plan your trade, calculated your risk and trade the high probability setup. Just remember that a break at the apex, where the two trendlines converge, we can might see a possible consolidation and the price moving into a sideways trend...

ForexCollege

What about anticipating a pennant pattern indicating a continuation. I know that the price projection might be far fetch, but what the heck. We do take in consideration the horizontal support area. As traders at Forex College we know that triangles can be traded up or down and always anticipate all possible moves the price can make and go with the higher...

ForexCollege

We have a triangle pattern and a "tentative" double bottom. If the double bottom get confirmed the arrow line indicate upside target, trading as a triangle pattern then the first and second resistance area will be used as targets. With strong upside resistance the price will have to increase demand so that more buyers join in, and we can see from crypto marketing...

ForexCollege

Here we have a *tentative* head and shoulder pattern, with the price hovering around the neckline. A head and shoulder pattern generally creates a triangle pattern between the head and right shoulder, and as we know with a triangle is that we can anticipate breakouts or breakdowns, triangles patterns are not only continuation patterns. Always anticipate all...

ForexCollege

BTCUSD daily, if we consider that on this time frame this asset formed a Head and Shoulder pattern and if we take the height of this pattern and project it to the break of the neckline we can see that there is still enough room to move lower.

ForexCollege

If the vaccine and booster shots don't start working soon, and they can prove that it is really effective we might possibly see this share price go to ZERO. On a personal level, if that happens we might see the virus infections dissapear completely. Always consider what the price can possibly do. This is for educational purposes and should not seen as trading advice.