Normally we are day traders... but in some cases we do leave trades over night. - This is one of those trades. USDCAD is showing excellent indications of a reversal. RSI over-sold. 2m - Contraction 38.2% fib lines up with a support level
NASDAQ is showing good signs of shorting. A wedge on the 3m, resistance on 1H and the fib retracement! The video explains best!
I recently released a long trade idea on USDJPY in this video I explain why I went long together with a little bit of education for traders
We're long on USDJPY because of the clear and strong indicaitons that the bulls might just push up over the next couple of trading sessions! As you can see in the chart, the 38.2% fib level is holding like a champ! Lets see how things progress today, but our RR ratio is very solid!
GBPUSD is showing excellent signs of bullishness, at least according to my trading system. As you will see in the short video, the 1H chart shows very good buying signs because it has found multiple supports at the fibonacci retracement level of 38.2% and has recently broken out of a trendline resistance. I'm a day trader, so I dont really care where price goes...
EURGBP is showing good signs on its 4H chart of bearishness and here is why we believe that is so: Price action on the 22nd of September created a potential bearish candlestick which tested the 38.2% fib of the recent high to low. Price action is also potentially creating a lower high and I would not expect price to head above (close) the 30% fib, if it does,...
This one looks like an easy one... A nice trendline leading right to the 30% of the recent low to high Fibonacci retracement gives us a very strong reward over risk of almost 5 at TP1... and at TP2 its just.... wow! :) Anyhow, the trade we are taking here is pretty simple, a 4H retracement setup where both TPs line up with supply/demand zomes and could work as...
We're short on AUDCHF... AUD has been a little weak in the late last week trading session, and is now showing good signs of the weakness continuing. In terms of our indications, price is bearish (4H). The pattern we are trading is a bearish continuation ( Wedge) The risk reward is very solid and the fact that price is rejecting the 61.8% of the fibs is...
We wen't short on NASDAQ! We see on the 4H chart a 3 higher-high pattern connected with a trendline, something we saw and traded back before the COVID market crash on the DAX and made a killing! - Today it's time to sell NASDAQ and capitalize on the potentially BIG sell move coming! (might be coming, this is a game of probabilities, not certainties) Aside from...
XRP has been having a killer year because of what happened with it's price in July. We're expecting price action to continue north especially if the current bullish continuation pattern works out. We did start building a bullish long buy by using the scaling in strategy where we entered 30% of the allowed exposure this Sunday at about 17:00 GMT. We will add the...
We are short on AMAZON since Monday, with that said, we are also bearish on NASDAQ and all the necessary details of our trade idea are listed in the image and following text. The first thing we want to express is a quote from Warren Buffet "What the wise do in the beginning, the fools do in the end" and there is a strong reason behind this quote... Firstly,...
We're going long on EURJPY based on the information seen in the chart. We recently had a breakout of the trendline which was heading right for a support, thus creating a contraction of price between the trendline and the support. Price action broke out of the contraction and is solidly above our 5/20 EMA combo and the middle of the 30 Donchain Channels. -...
XAUUSD is looking like a HOT seller today. Price action has created a potential bearish continuation, which needs to break out of the blue trend line for further confirmations, but we decided to go short after numerous rejections of the 61.8% fib level from the recent price action high to low. The Risk Reward is very solid even at TP1, but we are pushing for...
Hey hey all! I went off the grid a little bit to enjoy life and seize the opportunities the COVID situation has presented us all with... the proactive have had the chance, and still do, to create wealth and I can go over many examples in the markets like the sell-off of Stocks, Indices and Commodities (and even Crypto) and then the buyback of all of those...
The trade idea is supported by a strong down-trend. About 25minutes are left for the complete breakout confirmation. RR is 4+. Trading Plan: 104.808 is the main support level we need to see break. If that breaks compounding will commerce. If price cannot break the above mentioned "main support" level then I will look to cut the trade. I believe price...
With a healthy SL it gives us a 2.6 RR+. The image explains everything. The only thing I didnt add is that the short-term indicator of momentum (the 5 & 20 EMA) are also bearish. the reason they are bearish is because of those rejections see at the 20 (orange) EMA (candle stick rejections)
The image explains everything! But most importantly that we are back with our activity.
Im trading 3 setus early in the Monday session! The setups are eurusd sell, usdjpy buy and the dax buy