Careful long here guys!
The pair is confidently moving within a channel on daily timeframe, outlined by the blue lines!
There is a small upward channel on an hourly timeframe. Could potentially yield us a small long.
Get your stops right!
Wonderful classic setup- hyper growth facing a strong level!
I do not care about the fundamentals. I just know, that facing a good level is a great opportunity for people to cover their longs and take profit.
So, unless we see an instant breakout, and the price stops at the level, people will start covering parts of their positions, and the big buyer will stop...
I am sorry, guys, posting this with a delay, but what a perfect long!
Again and again, the ultimate power and beauty of simple technical analysis!
You don't need anything else. Just the Chart and your Skills!
If you want to learn how trade like me, feel free to pm me!
It's time to talk about a massive short opportunity here, with the timing that could not have been better!
As we can see, a GREAT level was broken, and the daily candle closed BELOW the level!
Then, we see a slight pullback to the level, with 7 consecutive DAILY candles closing BELOW the level!
A SUPER STRONG SIGNAL!
The success probability is more than 65%...
Beautiful Descending triangle out there on a massive scale.
Possible long on the current level with the target being the opposite slope of the triangle.
only a tiny stop needed! right below the support line. 1:5 risk reward with the probability of a win being 40%
Its time to talk about the Pound which is now obviously driven by Brexit and Brexit only.
There are two ways for the price action to unfold should there be further negative pressure from Brexit news(which there will be, i am sure)
The fundamental drivers, which determine the general direction and the force of the movements, do not change the technical nature...
Guys, I can't stress enough the importance of the basics.
Simple technical analysis i.e. levels, support and resistance, and RSI which i consider the only viable indicator outside the chart itself!
Lets observe the price action of the pair on this levels, and see if the scenario identified by the arrows plays out!
Should the pair follow the scenario-there is ...
It's time to talk about an epic long opportunity.
The pair is in a massive declining corridor, just bounced back from the support level.
Go long, with the target being near the resistance level. Stop right below the support level.
+RSI is giving us a hint in the same direction too!
Probability of reaching the target 69%.
Awesome opportunity right there!
The pair was trading within a range, we are seeing a bullish breakout!
Wait till the pullback , as always, to get a better price, and hence, risk reward!
Two price targets out there, close half of the position when the first target reached!
A vey cautious short, despite a massive level being cut through, with 2 daily candles closing ABOVE it.
But gold has been in a channel for quite some time now, so, playing the range trade, with 30% success rate!
It we see price confidently above the identified level, then REVERSE, will go on long!!
SHORT opportunity straight from heaven! SPY is clearly within a range due to the trade war and economic slowdown uncertainty!
Could not break the resistance, closed far below on the DAILY! Super strong signal!
So we are all eyeing a 1:4 risk reward ratio trade with more that 70% success chance!
What are you all waiting for?
BOTH head and shoulders AND breakout below a serious level after a descending triangle(as a part of head and shoulders), all signaling a massive short opportunity, after a pullback to the level!
Only a tiny stop needed, while the gains are massive! That is where the beauty of SIMPLE technical analysis is seen!
More indicators=more dust into the eyes! The chart...
Simple technical analysis right here!
The probability of a bullish breakout is around 40%, but the potential gains are huge!
The end of the breakout on the tip of the line is on the level, above which everything will be determined by fundamental already!
We must admit that technical analysis has it's limitations!
Hello Friends, it's time to talk about our beloved Bitcoin, The Destroyer of the State monopoly on Money!
It is obvious from my analysis, that the long term prospect of the Neo-Currency is ULTRA BULLISH.
However, as we can see, Bitcoin has established a certain major growth pattern, by slowly but surely rising up the support levels, determining IT'S MINIMUM...
This time the GBP/CHF pair seems to be giving us a decent short opportunity.
As we can see the pair is trading within a trading range, and, with the BREXIT uncertainty being high is rather likely to linger in the area for a little longer.
We might first test the resistance, then come crashing down!
First time posting here, Tell me what you guys think!