MicKi

MicKi

As read in the chart. Stay long on GBP

MicKi

Expect a retest of support in the next few days. Then there will be 2 scenarios : A) Price bounce marking a double bottom and possible bull run or back to the range B) Support is broken -> Ideal scenario as this would open up a huge gap to the downside How to trade it? Well, I have entered on the break of 4H support and will reassess when D support is reached....

MicKi

Hey there! Very simple setup explained in the chart, just keep shorting until the pair says otherwise. Simple. If the pair closes above resistance look for better opportunities. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to...

MicKi

Hey there! Very simple setup explained in the chart. Basically stay short and if the pair closes above resistance look for very opportunities. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only...

MicKi

Hey there! Very simple setup explained in the chart. This trade has a stupidly high Risk to Reward ratio so we cannot let it pass. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become...

MicKi

Hi there! Once again, all explanations are in the chart. Pretty simple setup to be honest. If the pair closes above most recent swing high the idea will be invalidated. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be...

MicKi

Hi everyone! Have a look at the chart, everything is explained there. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better. Remember that trading is only part of your life. Do...

MicKi

Hi everyone! The pair is in an interesting stage. We have seen a surge in the last couple of weeks and yesterday it reacted to support. We stay long aiming to that area of resistance between 1.15-1.155 . We cannot rule out the possibility of forming a Head and Shoulders pattern at around the area we are now. If the pair closes today in the red I will exit it...

MicKi

G'day everyone! All the explanations for this trade are in the chart. In a nutshell, follow the arrow but be careful because we are tapping into an area of support. If the price shoots up and closes above the most recent highs we will close the trade for the time being and look for better opportunities. If you have any questions please leave them in...

MicKi

Trend remains bearish despite the last few days bounce. The pair broke support and bounced back to resistance. Now we see a very interesting opportunity after the Daily printing a bearish engulfing candle. Our bias is short aiming the 1.2950 area and in the long term who knows if the 1.25 area will be reached, it is definitely in my radar. RSI stays under the...

MicKi

After a huge rally Gold took a bit of a pause. Now we can see the price rebound from support forming a hammer and a confirmation bullish momentum candle on the Daily. The price is staying above the Kijun line and well above the MA 50 and 100. A bounce to to ~1580 area is very likely.

MicKi

I am going to break one of my rules and I am ready to short Bitcoin!! After a bullish run we have seen a consolidation move that has lasted around 2 months. The strong support at 9950 ha been tested many times, the last of which was a very strong bearish move followed by a weak recovery to touch the MA50. RSI has been losing strength during those 2 months and I...

MicKi Updated 

USDSEK continues at historic highs. Yesterday it made another attempt to break 9.688 resistance area but once again it failed, this is the 3rd attempt and the 3rd fail recently. The day ended with a pretty big inverted hammer candlestick what is also a bearish signal. When looking at RSI we see that it is also loosing strength with each attempt to break the...

MicKi

I am going to be extremely lazy on this one and ask you to click on the link below for the GBPCHF analysis. It is exactly the same pattern. Price bounced from oversold territory, it met resistance at the resistance area and now after a couple days of pulling back it seems ready to move up. Have a look at the 4H chart : We see the same H&S formations and once it...

MicKi

The pair is getting ready for an explosive move imo. After entering oversold territory and bouncing back the pair has been meeting resistance at around 1.194 area as expected. It did try to move lower but it failed to do so, we can see the last daily candlestick is a pinbar and the day before it also failed to move lower. If it breaks the resistance the pair can...

MicKi

The pair has made a triple top at an area that has acted as resistance in the past. This is a very bearish signal. We also see that RSI is losing strength (bearish divergence) and the last Daily candle was kind of a doji. All those signals makes me think that the pair is ready for a leg down. We need to be cautious though as the price is still above both the MA50...

MicKi

Very similar scenario to the EURNZD trade posted earlier. After a very strong bull run the pair entered overbought territory and we see a bit of a spinning top what it is usually a sign of weakness. It has a lot of room to run and very little support on its way what makes the R:R on this trade exceptional. How do I play it? There are 2 entry points : - We can...

MicKi

After a very strong bull run the pair entered overbought territory and we see a bit of a spinning top, that is usually a bearish signal. The pair also broke yesterday under some quite strong support and it has been retested today already. It has a lot of run to run and not much resistance on the way down. This is how I am playing it: We can see the clear break...