Hello traders around the world! Lets talk about CADJPY. First of all, on the higher time frame (Weekly) we can clearly see that the price reached a mass psychology at 106.580. Currently, the price is ranging between 106.000 & 110.000. This is clearly an area for short positions. (First confirmation) On the daily chart, we have an ascending channel signaling a...
Hello traders around the world ! Going to continue the analysis on GBPUSD. I am currently running at 10% on this trade and locking / securing / moving my SL @ 8% (1.12500) below 1H correction + below rejection line. I am giving the price an area to move freely and range in this area because its on a rejection line & the price might reverse to the downside. The...
Hello Traders around the world! If you remember my LAST analysis on GBPUSD, I was showing you the levels for long positions. How did I plan my trade on GBPUSD? First of all, I checked the higher time frame and realized that the price reached a mass psychology at 1.05200 + reached a daily lower TL. I moved to the lower time frame (4H & 1H) and saw that the...
Hello traders around the world! Here's NZDUSD on a high time frame. As you can see, we have three good reversal areas to take long positions if the price gave us a clear pattern. I will be personally looking on the 1H chart for reversal patterns. Patience is key. #ThePrimes
Hello traders around the world! Lets talk briefly about GBPUSD. What am I waiting now? Currently the price reached the mass psychology level at 1.05235 went lower till 1.036 level then reversed. The price is in a beautiful / critical area & could even reach the weekly lower trend line. I will be looking for reversal patterns or continuation patterns for...
Hello traders around the world! Let's talk about GBPUSD First we must notice that there is a mass psychology since March 1985 (Price around 1.053) On the high time frame (weekly chart), we can clearly see a descending channel since 2009 till present time showing us an upside gravity . The price currently reached a mass psychology since March 2020 and we...
Hello traders around the world ! Lets talk about USDJPY. First of all, if we look on the weekly chart, the price is reaching a strong mass psychology since 1998. As you can see, the price might give us two scenarios: The first scenario is on the probability area heading towards a trend line + double top & waiting for the third touch there. Once the price...
Hello traders around the world! CADJPY on the weekly chart is looking great as the price is reaching a key area on the upper trend line. I won't be focusing on long positions in these 3 areas. I will be focusing on taking reversal patterns for short positions. 1st area is at the weekly upper TL around 115.000 2nd area is at the mass psychology rejection line...
Hello Traders around the world! Lets talk about the plan on GBPCHF! As you can see, the price of GBPCHF is heading towards a mass psychology since 2020 at 1.11139. This area is amazing for long positions, I will be waiting for a reversal pattern on the rejection line or the lower trend line to execute the trade. Patience is key. #THEPRIMES
Hello Traders! CHFJPY reached a mass psychology at 138.917 since 2015 and currently ranging above it with a corrective behavior. We might see in the long term an upside move heading towards the upper trend line at 157.000 level. I personally took my short position on CHFJPY as a hover / double top (15 mins chart) at 143.292 level. Given that the price of...
Hello Traders, As you previously saw on my latest two posts on USDJPY, I was planning to short this pair & executed on the 15 mins time frame. Currently running 14% and locked at 10% Current plan: Keep on trailing the trade and locking above 1H corrections. #THEPRIMES
Hello Traders! The scenario happened on USDJPY! (Check my previous post) I was waiting for the price to reach the upper TL of the 1H bearish flag & executed on the 15 mins the short. Currently the price reached a rejection line. I will be waiting for another continuation pattern for more downside & 1H correction to start locking the trade. Patience is key....
Hello traders ! USDJPY is currently between two mass psychology levels: 135.179 & 147.728 Given that the price is between these two levels, we should be really patient and execute properly without having the FOMO (Fear of missing out) the trade. USDJPY currently broke the ascending channel on the 4H chart and its forming a bearish flag on the 1H chart...
Hello Traders Around The World! CADJPY looking amazing. Beautiful set up for a short position plan. As you can see, CADJPY reached a mass psychology at 106.513. The price started to test this area with a correction + Ascending channel. I will be focusing on taking a reversal pattern in this area & execute when the price breaks to the downside. Patience is...
Hello Traders around the world! Many of you are wondering what might happen on EURUSD the next few months.. As we all know, EURUSD reached a very important mass psychological level. I will be waiting for a reversal pattern to execute a long position in this area. Whenever I'm in the trade, I'll be moving to breakeven & I'll be risking 1% Patience is key. #THEPRIMES
Hello traders! CLICK THE LINK BELOW TO CHECK MY PREVIOUS ANALYSIS ON CHFJPY & HOW I PLANNED THE EXECUTION. As I posted before on CHFJPY : CHFJPY Reached a mass psychology since Jan 2015 at 138.917 area. Will be waiting for a reversal pattern as an ascending channel forming currently + breakout to execute a short position. Patience is key on this pair & do...
Hello traders! USDCAD is currently on the rejection line 1.30760. We can clearly see that this pair is making a repetitive behavior. I will be waiting for a reversal pattern on the upper TL or on this rejection line & will wait for a broken structure to take a short position. Patience is key. #THEPRIMES
Hello Traders ! As you can see, USDCAD has a repetitive behavior on the upper trend line on the daily chart. On the lower time frame (4H, 1H) I will be waiting for a continuation pattern for more downside. If the price went higher, I will be focusing on taking a reversal pattern on the upper TL. #PATIENCEISKEY #THEPRIMES #SIMPLICITY