I try and breakdown silver as simply as possible, there is currently a lot of outside noise on #silversqueeze but you have to take a look at the fundamentals and let the market tell you what is going on. It is a very simple chart albeit with a lot of volatility. I think we are at the early stages of an uptrend in silver for 2021, I am hedging my bets early that...
So, leaving aside the fact this DOGEcoin pump is madness, there is some formality to it's charts. The volume has dramatically reduced since end of last weeks pump however we are in a position which we could see a further increase. We have found support on the 61 area of the FIBO and also are currently working our way towards the end of a symetrical triangle. It...
Weekly Chart. This is a long term outlook. Do not trade if you can only be in trades a few days. Over the past few months the £ has gained on the Yen in what looks like a pullback within a very long term downtrend. We are reaching a confluence level of multi timeframe Resistance and at the upper range of a long term down trend as shown in the chart. I will be...
Don't make trading complicated. This chart can be looked at on both the daily and weekly. It's such a simple chart with so much confluence indicating the long term trend is down and we are at the higher end of it's pull back. Short all day long SL above the daily swing highs Multiple TPs at key resistance Move SL to £0 after first TP targets hit. Enjoy the ride
`NZD is Strong, USD is Weak HOWEVER We are at an interesting zone, why? > Price is at key 0.7 level where there is huge resistance > Price is at major long term weekly levels that have not been broken for some time > Price is at upper end of Daily, Weekly channel range and has been for quite a while and has not been broken > NZD price has risen incredibly fast...
Daily view, my view. Await the GBP to close around the 1.35 before shorting, looking at previous history tells us there is more chance of this happening than not. (not guaranteed however) I do not get involved in noise either on the news or lower timeframes. Looking at the facts is the GBP has not closed about the 1.35 area since 2018, we can only presume /...
We have the Euro battling a long term Weekly resistance and it has not been able to break this level for a rather long time. As we can see, the red line indicates the weekly long term level and blue is more shorter term resistance on the daily. I'd recommend SL slightly above last few weeks daily highs with TP at next resistance levels Go well
Red = Upper and Lower Major Weekly R Blue = Upper and Lower Major Daily R We see apart from the odd exception the USD CAD ranging in the long term, bouncing between the Weekly lines (Red) Looking at the lower timescales we also see the same sentiment echoed in Blue. Most notably we have indecision on the daily candles including a pinbar on Friday as well as...
Long long term down trend for GBP Keep looking at the longer timeframes for entry & exits
First post on here, let me know what you think. Multiple technicals lining up for a short on Daily / Weekly Timeframe Major resistance on Daily / Weekly going back to 2018 at the upper end of R on a long term weekly down trend range (highlighted in yellow) Await for closing candle, expecting pull back and finish below R line which will indicate a short can be...