This is the KISS System, very simple.
Since the price has hit a recent daily support, I expect a double bottom or inverted head and shoulder for this long setup. Decent risk to reward ratio as my typical plan (1:2).
However if there's another confirmation besides chart pattern, I will enter the market immediately.
This is my personal trading plan and...
Well it's a rough and tough week for metals recently, many whipsaw appeared on intraday chart on both Silver and Gold. I have close my position on this because there's a weird movement and I prefer to get out and clear my mind.
Apparently, after I closed my position it gives a better-to-be-analyzed chart so I can use my technical analysis knowledge to interpret...
FX_IDC:USDBRO already meet the High or April 2019. Common and classic price action characteristic is whenever the price meet support or resistance area, the pause and change of price could be occurred.
In the smaller timeframe (H4) there's and indication of price reversal as a secondary movement. So, with this simple and basic technical analysis I expect a...
On my personal major timeframe, XAGUSD is on bearish trend with a sideways price structure as secondary reaction.
The structure hasn't give a strong indication that bearish continuation would be occurred.
There's a level that I can wait for a false break as the first sign at 26.59xx and my setup would be around 26.38xx area when the cleat sign of bearish...
On the weekly chart of JKSE we can see a corrective movement that indicating an early form of Falling Wedge pattern. However the pattern has not finished yet.
Based on Time-Analysis I expect the last swing low of the corrective movement would be occurred around Sept 2021 and whenever I see an early signal on daily timeframe I have no hesitation to start buying...
BTC/USD DAILY CHART SUMMARY
A. Stochastic Oscillator: Overbought
B. Pattern: Rising Wedge (emerging)
C. Price: Harmonic resistance area> 65250 / Harmonic support area 50720
D. Time Analysis: Undisclosed
Hello Crypto fans! here I provide my analysis for BTC/USD and I will keep this analysis until Harmonic resistance or support has breached,
Nasdaq Mini Futures is making a Zig-Zag (That's how I see it) indicating wave 4 is currently took places and I expect one more retracements for taking action and ride the expected Wave 5 movement.
Well, when doing analysis sometimes I just keep it as simple as possible to save my energy.
Remember, the hardest thing in capital market is believing...
1. XAU/USD is forming a complex correction of wave 4 (latest movement on displayed timeframe
2. Wait for price action confirmation between 1706-1711 to fo long
3. Expected reversal date on March 30/31st
DISCLAIMER: Any profit or loss based on this Trading Idea is your own responsibilities. This outlook is not a recommendation but can be used as...