Trading-Guru

Trading-Guru

This is part 2 in an ongoing analysis on CAD CHF. This support and resistance set up has played out very nicely so far. I decided to keep the line on my chart from the previous analysis so you understand the progression and the narrative. CADCHF Has finally shown us a temporary low in this massive bearish trend. This is not an easy moment to trade, there can be...

Trading-Guru

There are multiple very interesting things going on here from a technical analysis perspective. First of all we find that EURJPY has just gotten a bullish engulfing candlestick pattern. This is a bullish signal indicating that there is upwards power from the bulls, more so than the downwards powers we have just observed from the bears. Secondly, EURJPY is near a...

Trading-Guru Updated 

Hey all, here’s another entry on my tradingview series called 'Quick Updates'. We see that the price just hit a support zone around 165 sats. The support zone rejected all the bears, and the bulls immediately took over. This gives us a nice and clean 6% opportunity for a scalp trade towards the nearest zone of resistance. I added suggestions for where to place...

Trading-Guru Updated 

There are multiple very interesting things going on here from a technical analysis perspective. First of all, we find GBPJPY in a rising wedge. The support lines are getting closer together, and the price is perfectly staying within the lines. Soon, GBPJPY will break out of those lines which can cause a big disruption to the price. Many people are watching these...

Trading-Guru

Hey all, here’s another entry on my tradingview series called 'Quick Updates'. We see that EURCAD is in a fantastic bullish trend here on the 15m. It looks like the price might break through this first level resistance any time soon. When that does happen, I am bullish and believe the price will go to the second level of resistance. I suggest to wait first for...

Trading-Guru

What is important to realize here is that we first need to wait before entering this trade. The price is closing in on the resistance level, and we can simply wait and observe the behavior before entering the trade. Let's go through the two scenarios. 1) The Bullish Scenario. If the price breaks through the horizontal resistance we can expect a continuation of...

Trading-Guru

Hey all, here’s another entry on my tradingview series called 'Quick Updates'. We can see a nice opportunity here for a quick scalp after EUR JPY has hit the horizontal support zone for the fifth time. The price has confirmed a rejection and looks to be in a temporary uptrend now. I suggest to put the take profit directly under the support/resistance flip...

Trading-Guru

Here's my definitive guide on how to place your take profit, entry positions and stop loss orders when you are trading using support and resistance patterns. Many people have reached out to me asking to provide more details on where to place the orders exactly. In this guide I will share my experience, and show what I learned during my trading journey to be the...

Trading-Guru

Hi all, The Trading Guru is back here with a bearish scenario on BAT. After the big pump 4 days ago, we have seen several attempts of bringing the price down. Each attempt resulted in a bounce off around the 0.00002180 zone. However, every subsequent bounce has been slightly weaker. This is a very bearish signal, and is called a descending triangle. I expect the...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We just got a very strong rejection on GBPCHF after the price made an RSI Bearish Divergence. This means that a temporary top might have been printed, and a new bearish downtrend can start. --- What is The Quick Update Series All About? --- I am starting a new tag...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy ENJ and...

Trading-Guru

In these uncertain times, it always feels good buying gold. Now that global markets have been in such a positive rally, gold has risen in price as well. For this trade, I propose a simple set up. We will try to monetize the bullish scenario, where we assume the trend will keep pushing the price up, perhaps with a small retracement inbetween towards a newly found...

Trading-Guru

I am using a new approach here. I noticed that many of my support and resistance reversals don't work out on forex recently. On Cryptocurrencies they perform extremely well. For this trade, I'm using Heikin Ashi candles to help with identifying the trend. Also, I will assume the uptrend will last for at least as long as the first zone of resistance, instead of...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. Just found this support zone for ZEC that already got confirmed with a small bullish candle on the 5m, leading to a nice scalp opportunity. See the chart for information on stop loss, take profit, and entry positions. --- What is The Quick Update Series All About? --- I...

Trading-Guru Updated 

I was looking at this support zone for a while now. After a 6% price gain in about 24h, the price kept dropping and dropping rapidly. Finally it found support which made the bears temporarily leave. I see two important resistance zones directly above it, to which I expect the price to increase. Now that the hit of the support zone seems like a possible reversal...

Trading-Guru

The Trading-Guru here with an update on EOS. There are three things that stand out on this chart: 1) The bollinger bands squeeze. Indicating local volatility, a squeeze in the BB shows that there is less certainty over the direction of the price and the volatility is dropping rapidly. There is almost no movement anymore in any direction. 2) Decrease in volume....

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We've just found the EURGBP price closing in onto the horizontal support. The price suddenly accelerated and showed a nice wick reaching into the support. This resulted in an immediate and strong rejection, indicating a possible bullish trade here. I'm going to put the...

Trading-Guru

For this LONG opportunity we will look at three parts. 1) Where should I enter my long? We can see that the price is closing in on an area with horizontal support. To leverage the support area, you should place a long limit order directly above it. We will bet on the fact that the price will bounce off the support zone and go up towards a zone of resistance. 2)...