In this detailed video, I explain my methodology of looking into the market to catch smart trades with an approach on RRR (Risk to Reward Ratio).
My strategy is suitable for intraday and swing traders as these trades tend to exceed 12 hours to reach the targeted profit.
That's it, now sit back enjoy the show
EURUSD has been around a key level 1.16 for several weeks. Price couldn't break above the 1.17 level, going back down below the so called support level (1.16). Despite the fact that this zone hasn't been tested enough to consider it now a resistance, fundamentals might give us this impression. So what can we expect from the EURUSD:
Investors have always regarded the US500 as some sort of safe haven, with a common consensus that the S&P500 never fails to meat their profit expectations by breaking the records each month. However, this index has been suffering now for many weeks making many dips with lower rejections on the non horizontal resistance. For instance, technical analysis now can...
GBPJPY has boomed last week reaching a strong resistance caused by the weakness of the JPY currency. Now price is around it, and a critical candlesticks pattern is being formed, giving a signal that the uptrend might end soon. That's why we are presenting on the chart 2 possible Sell scenarios:
1- Purple (M30 Analysis): Price might retest the lower part of the...
On EURUSD, a downtrend channel has been forming for many weeks, going from 1.21 to 1.15 (lowest level reached) making thus on its way LL and LH.
However, price can still break outside the channel, and we will be looking for buy setups around the support after a serious break of the previous high.
Best way to enter is to wait for the right timing
Best of Luck
The S&P500 might be going into one final small bearish impulse before making new highs. The index has been soaring for almost 2 weeks, erasing gains made during the summer. This correction was expected, but as inflation rates in the US are going down the US500 will be going back to its bullish track during the next week. This is the final opportunity for buyers as...
GBPNZD is overall bearish. Now this one is approaching a support level where we will be looking for buy setups.
Meanwhile, price can still retest our trendline, making a higher low before breaking and the EMA50 where our buy trigger would be.
Conclusion: wait like a sniper !
On the DE30, price is respecting the non horizontal supports and resistances since many weeks.
So what do we have on this one ?
1. Non horizontal Support: The price is retesting now for a second time our yellow support meaning that we should look only for buy setups on the short term. So let's dive in to see what are our possible opportunities.
On this one, price has formed a triangle which is some sort of a correction. However, the price now has been for a couple of days bearish, so which direction will it take in the upcoming hours ?
Up or Down ? This time, and like every time, the candles will tell !
On USDCAD, 2 possible scenarios are here:
1. Long: If the non-horizontal support will reject the price to go down, a long opportunity without enough confirmation can be spotted.
2. Short: A break with a golden candle below the trendline will be enough to enter a short position as we are more close to the resistance then the support.
" Think always RRR" - ...
On this one, I will leave the time to tell if my analysis and drawings are accurate or not. DXY is going to retest the resistance then go a little bit down, then will eventually break the upper non-horizontal resistance to test the 92-round number and very strong resistance. Will the DXY break it ? I have a huge doubt as I'm not positive on USD since the Biden...
On this one, we have two strong resistances respected by the price. An additional forming pattern will add a lot of confidence to enter a short position on this one. Will it get formed ? Time will tell...
This one is approaching a critical long-time respected resistance. If a double top can be formed and the price breaks the trendline a short position seems to be a perfect choice in the upcoming hours, Stay connected !
LTC has been trading now for few weeks bearishly. It has consolidated between the 150 and 200 level for many days and now the bearish wave is leading the way on all major cryptocurrencies. Will it continue its road to the 100 which is a strong round number support level ? China is pushing it while Elon is doing exact the opposite. The outcome will be determined in...