Good morning traders! 🔸This morning while we were checking our stock watchlist, we were struck by the behavior of JMIA. This year has given numerous bullish opportunities given the extreme rise it had (more than 1000%), which is why it has been an excessively attractive instrument for most trend traders or momentum traders. 🔸The curious thing about this stock...
Today, we will share a long setup on VISA Main items we can see on the chart: a) The price is on a critical level (either for a breakout or a reversal) b) we conclude that IF the price makes a new higher high, we should expect a continuation of the bullish movement c) The reasons are: -We can see a Huge Corrective Structure (ABC pattern). The target...
Good morning traders. Today we bring you the analysis of a pair that we consider interesting for the medium term. This is EUR / GBP. 🔸What we can see in the daily timeframe is that, in September, the price was rejected in the resistance zone, and slowly generated a bearish movement that broke the bullish channel. 🔸That breakout was somewhat tempting to take a...
Today, we will analyze Crude Oil to understand a possible Bullish movement. Let's go to that. The main reason we are thinking about a new impulse on Crude oil is that we had a breakout of a Huge Corrective Structure (A perfect ABC pattern, also known as Flag Pattern) Flag patterns are Continuation structures. That means that they tend to resolve in the same...
Good morning traders! Today we want to show you a practical case of how to apply multiple timeframes for the complete development of a trade. In this case it is BMY stock, and it is a trade that we ourselves will take if what we are expecting happens. 🔸What can we find in this chart? - First, what we can see is that in the 4H timeframe, the price has been...
Today we have another Academy Post. In this article, we will explain the way we trade pennant patterns on a real setup. FIRST STEP: Understand the context -In this case, we have the price inside an ascending channel (that provide us a bullish direction) -The price is at All-time Highs ( Next Resistance zone, the upper trendline of the channel) -The price is...
Good morning traders! We hope you are having a beautiful day. 🔸Today we want to show you our vision of bitcoin in the short-medium term and explain why we see it extremely bullish. - Speaking a bit of the context and history, we can see that bitcoin hits all-time highs in late 2017, reaching almost $20,000. After this, there came an abrupt decline that found...
Today, we will analyze all the ABC structures that have happened since 2018. Why are we doing this? Because the price has recently broken a clear ABC structure First of all, we have to define the ABC we are speaking about: -Its a Daily Structure that spends a good amount of time (50 days - 70 days) making a sideways movement, with no clear direction -It comes...
Today, we will show a clear Daily Scenario and how we will trade the Long and Short Scenarios. Daily Context: a) The price is below a resistance zone. That level's critical because we saw 2 sell-off from there on September 2019 and March 2020 b)Also, we can see a Yellow trendline (Dynamic Support / Resistance zone) that is another key level. c) The logic...
Good morning traders! 🔸Today we are analyzing the GBP / USD chart looking for a bearish opportunity for the medium to long term. Why a bearish position? 🔸In the weekly chart, we can see that the price is facing a solid resistance zone. There were five interesting rejections in this same area in the last two years, generating a bearish movement after the...
Good morning traders! 🔸Today we find an evident breakout in the Resistance zone in the NZD / CAD pair. The current price is the highest level that has been reached this year. 🔸The scenario that this pair is presenting may offer an excellent opportunity for a medium-term bullish trade. 🔸After the current Resistance level (0.90500), the price has a clear path to...
Today, we will give a clear explanation of how to trade inside the channel + Trade Idea a) First of all: Identify the main structure: In this case, we have an ascending channel representing the limits of our expected movements. b) Find a key area inside the channel to consider that you have a freeway towards the upper part of it. In this case, we have a...
Good morning traders! We want to share how we carry out a complete top and bottom analysis to look for an opportunity to enter a trade. Step number one is to go to a high timeframe. In this case, we begin by analyzing the Weekly Chart. 🔸What do we observe here? 🔸The first thing we see is that the price is in a bearish channel since 2014. Every time the price...
Today´s post is about taking previous situations and analyzing the similarities of them to current conditions. Why? because “History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain. Please be open-minded to the idea that this is a Hypothesis, and of course, the price can take any direction from here. But we see similarities that we want to take into...
Today we have a long set up to share + a clear explanation of why we are developing this trade. a) First of all, let's start on the weekly chart: We can see a massive support zone. The price has reversed from there, and we can project previous resolutions to the current scenario. In this case, "expect a new bullish impulse." b) Now that we have a clear...
Good Morning Traders! Today we detected a scenario with excellent potential in EUR / NZD and we want to share with you in detail our process to develop a setup in this pair. First of all, we must clarify that it is a SWING setup, with a resolution of several days or probably weeks, so this vision does not imply that there cannot be movements against this...
Today, we will share a long setup we are waiting for on FTI. Here you will see a full explanation of it A) The price broke a descending channel. That is considered a weakness of the bearish trend B) Currently, we can see a corrective structure, finding support on the broken Descending channel ( Throwback: Meaning a retest of a broken structure) C) IF the...
Good morning everyone! ✏️ In this post, we will show you an excellent way to trade a channel breakout. It applies to both ascending and descending channels, even horizontal channels (ranges). - Of course, the first thing we need is to have the trend identified with its corresponding trendlines. In this case, in the AUD / USD, it is a downtrend. To mark it, we...