After we hit our take profits on longs this happened! An ugly and very scary monster appeared on our charts! It is threatening Bitcoin longs and more shorts will start coming out of the BTC woodwork! Things are getting quite interesting in the market. Good luck out there and don't get too greedy! :)
Oil is currently at a strong support at the bottom of the channel. Price tried to break but pulled back in showing nice strong support. Let's see if the forex gods will let us ride this price movement back to the top of the channel. Good Luck!
This one looks interesting as well! Price blew through strong resistance but market rejected this move and now looks prime to short in this resistance zone! Let's see if the forex gods will allow us to ride this move further down! Good Luck!
Price played very well like I expected on the upper channel trendline. I hope you were able to make some money. Now let's see what happens on the lower channel trendline. Price is consolidating here on the lower channel trendline looking for any cracks in support. Longs are probably getting nervous here because it has not gone up yet. You could grab a long here...
How about a nice juicy short setup in the Euro? We have a nice risk/reward ratio to give this a good try with bigger lot size. Let's Go For It! Feel Free to take your profits at any time you wish. Don't Be Too Greedy! Stay Humble! Good Luck and Happy Trading! :)
EURUSD came back and is holding support at the major 1.1500 level and looks bullish above the drawn trendline. If price does happen to break below the trendline then bears will be more inclined to short. But as of right now the bulls are buying so let's make some money! Good Luck and Happy Trading! :)
Here is an interesting long idea on EURJPY which has big pips potential! Ride the wave all the way up to the upper green line and buy yourself something nice afterwards. Let's make it happen! Good Luck and Happy Trading! :)
Another daily chart setup which has potential for very big pips! Catch this ride now with little risk and ride it all the way to the top green line. Let's make it happen! Good Luck and Happy Trading! :)