So we might be approaching a significant drop after a week of flatline amongst this pair. From my experience, after a flatline of price, we usually have a breakout in one direction or the other. So here is the criteria for a SHORT: 1. Red daily pip near resistance (red line) 2. Rounding off of our RSI 3. Valid location on the 4H or 1H chart of place a sell for...
Looks like another great trade setup is establishing itself for us to capitalize on! Here are the criteria for a long: 1. Support is respected. 2. Green daily pip at the support level, and with a 4H green pip! 3. MACD begins to round off 4. RSI begins to round off as well! 5. No major news! 6. No major financial news! 7. Once above 20 pips in profit place a SL at...
Alright guys, for this analysis I just wanna talk about a possible scenario. USDCAD 4H RSI is rounding out as it is approaching a level of support. This level of support is not exactly a strong level so I do want to be a little cautious here. This makes me believe that we might have a potential bounce off of a small magnitude, but will hit another level of...
Alright guys! This might be another large trade in the making, but here is the criteria for a potential short tomorrow! Shorting if: Rounding off of MACD near high, Rounding off of RSI near high, Red 4h Pip indicating a possible reverse of the trend, and resistance is respected! However, long term I still believe EURUSD will be going up. WAIT FOR THAT RED 4H PIP!!!
Alright guys, if you have been keeping up with my post. You would know that we have been on point so far with all of our predictions except for USDCAD. Now EURUSD brought me an 92 pip trade and a 84 pip trade LONG, which brought up my account 21% this week! It was a pretty great week for us, but I am not done with this pair just yet. I am waiting for either a...
Alright as I had mentioned earleir, here is the 4hr chart and my analysis. RSI and MACD must be near level of support before we have a return to LONG. Also, a lot of euro pairs are down, which also led me to believe EUR needed to blow off some steam. Please read my other posts to understand this trade idea.
Alright guys! If you looked at my previous post. We managed to capture some 200+ pips on this trade. So what I am seeing here is a potential relief on the 4hr chart. We obviously need a correction here and if you look at the 4hr chart you can see a level if support on the RSI and MACD where I believe it will head to before going backm up! Please check out my last...
USDCAD, I believe will be going lowering in price for a short position based off the following reasons: 1. Price rejected off of our resistance, and we can see that we may have a reversal downwards. 2. RSI support was broken, which also indicate a bear run. 3. MACD crossover indicating a reversal downward. 4. Heinken MA's indicate sell signals.
Alright! So the reason why I do believe this is a long position are for the following reasons: 1. EUR seems to be gaining strength against many pairs. 2. Chart MA's indicate a relative strong bull run for EUR. 3. EURUSD has hit a recently strong support level and bounced off. (Price action is king!). 4. RSI is already relatively low indicating it has a lot of room...
EURJPY hit a longterm support and with other EUR pairs is heading for an uptrend direction! Daily chart. MACD and RSI support a uptrend for this week LONG LONG LONG