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I make my come back after some unterminable weeks of tecnical and personal problems. Hope you made a great profit during this period. Now it's time to finish the main goal I have since 2 years : become a profitable trader with you my dear followers and people who just look at my idea by coincidence.
We passed through a lot of learning,...
related to my last bullish idea which goes very well , I think price will need to backoff a little to jump better.
this bearish harmonic should be the perfect time to enjoy the next potential wave down (aiming for 0.618 fib because price didn't go to test it yet)
first we gonna wait for DXY to gives us an indication on the trend for monday (like a gap...
Hi pros ! hope you got a nice week end!
this week we gonna begin with oil because there is a potential extremely profitable pattern ( bearish bat confirmed by a bearish div ).
price is likely to touch the two targets and even third to complete an other harmonic pattern but bullish this time
First we gonna wait for price to confirm tomorrow by making gap down...
this chart is related to my last bearish shart.
we just react to price action. if price gives us a confirmation for this bullish bat we can put our short profit with sl to 1:1 (like this we stay with the position if this plan fail and we win some money if it work)
ideally we should long from here aiming for the sell zone then reshort
again: wait for...
brokes last lower low so high probability of trend change
rsi looks bearish
emas are pointing down
price formed a bullflag , brokes it and already pullback + rejected
considering all these bearish signs , shorting now is an evidence
final target : 129.3 (using last extension)
in stochastic D1
as you can see the supports are converging here:
-strong structure (origin of the bullish move)
there is also the bullish div below.
and we can observe that price is contracting for few days now preparing the next impulse
Hi pros , after long days of price contraction leading to the formation of this consolidation triangle.
we have now the opportunity to use this pattern to know the trend. theorically price should breaks up or down. but in this case I think about a break down because dxy just gaped down and it's falling.
therefore I will take a short on this pair and take profit...
trend seems to be changing an other time. so I think it's time to take all the profit on USDJPY , and eurusd trades (and gbpusd if you stay with some profit). that's a nice plus value to the account.
well with that being said, lets talk about the plan now(classic):
we wait for the price to confirm a bullish reaction on the support I drawn and if price...
Hi pros! after rising at a crazy speed , the price of gold is now on a decisional level. because as we can see on the chart there is a :
-doble ABCD pattern to know the trend
-and asymetrical triangle to have a point entry
so our intention is now to short gold based on technical analysis AND also based on correlation , a little explanation below:
price just broke strongly then pullback and rejected also strongly the 0.618 fib, after confirming the reversal price formed an inside bar break down providing us an optimal point entry with tight SL
that mean there is a strong bearish momentum
short now is a good idea with SL above inside bar and aiming for an other 0.618 level first, but personally...
use first extension to use it as
second extension and to have a target
macd don't have so much bullish volume (it's
decreasing), price will surely continue his bearish movement
Sl above 0.618 or last high and aimfor the last important support
91 years ago price rejected this exact fib level
and don't was able to reach it an other time for +20 years
personnally I don't think the next recession will stagnate the growth and don't let him reach this level for 20 years. Because the krash and the rebound of today was faster so logically the next bear market will be faster too and same for the bull market...