About meFor the last 2 years, I have been practicing on Demo accounts, understanding every movement and how patterns work. Now, I have started my journey as a trader, and I intend to help everyone make money at the same time.
Hey Folks! So I decided to invest $100 into Shiba Inu coins, and I ended up received 5.2 Million in the start. Had I started earlier, I would have had 12 Million coins, but I missed the entry. However, I still made 25% in just an hour.
For those willing to buy these, it is still a good solid uptrend. Next resistance is around the 0.00003500 region.
On the 4 hour timeframe, the EURUSD is forming a head and shoulder pattern, meaning that it is indicating a further downward trend sentiment. If that is the case, expect good selling to continue for EURUSD
The DXY chart, on a 1 hour/4 hour timeframe reveals a bullish flag pattern in the making. While it is expected to bounce around a bit, it is ultimately getting ready to shoot its way out and go higher. For those trading in USD-related pairs, be sure to keep an eye out on this and plan accordingly.
On the daily timeframe, there is a clear reverse head and shoulder pattern. If anything, it suggests that gold is about to take a massive leap into the 1900s. Of course, this can be wrong, but from what I have seen, H&S patterns are generally pretty reliable. The obvious strategy would be to go long, but wait until it meets the neckline, just to ensure no one is...
At the 4 hour timeframe, you can see the trendline that is acting as a dynamic support. For all the touches it has received, it has set the EURGBP pair flying back up. We are nearing another touchdown. Wait for the next candle for confirmation before going long.
From the looks of it, if you were to switch to the 1 hour timeframe, you can clearly spot what appears to be a second bearish flag pattern. For anyone who is not familiar with this, it is a pattern that provides a clear indication to traders that the trend will continue to be bearish. However, please note that in order for this to work, it needs to have a flag...
Yesterday, I spotted a bearish flag on the Gold market. However, due to some issues, I wasn't able to post it. However, I thought to update everyone now.
The bearish flag pattern follows a pole (the downward trendline) and is a certain sign to show a continual downward trend. As it turns out, the same happened here. I marked the candle with a blue arrow to show...
Happy Monday everyone!
Today has not been such an exciting day for traders as there is little movement in pretty much all assets and currency pairs. However, despite that, here is what I have just discovered.
At the 4 hour timeframe, we are currently witnessing a bearish Hangman Candlestick for EURUSD. If the candlestick closes, we can expect a good sell...
The last hour was rather exciting. While I managed to close all my trades in profit, the last hour has shown a completed pattern of a morning star doji on the 1-hour timeframe. This indicates a trend reversal, meaning that bullish price action is to follow starting Monday. The next target is 1756, 1780, 1802.
Per my previous charts, if you had taken the correct entries on resistance/support, you'd be doing rather well in profits. What remains to see now is whether gold will retest the 1780s level and break past, in which case it would be a massive jump up, or continues to remain in this channel, in which case it would go down to 1735 or lower.
For now, I bid you all...
On the 15 minutes timeframe, there is a good chance we might see an evening star doji. That would begin a downward price action for gold. So far, gold has respected the channel, as shown in the chart. Hope this helps to all!
Ever since the FOMC saw a spike that went both directions, gold has now entered a downward channel. From what it looks like, it is set to go south of $1700 zone before it rises back up. The chart here shows the current pattern that it has been following since FOMC.
In the chart of gold, if you switch to a 1 Hour timeframe, a clear Evening Star Doji is in the making. If it finalizes, it will align up perfectly with the FOMC, causing a tumble in prices. For now, hold your horses. If you have already taken a short position, stick to it but keep in mind that you should respect the SL. Do not overshoot it.
If you zoom out and look at the 1 hour timeframe for GBPUSD, you can clearly spot an evening star doji. For anyone who isn't familiar with this pattern, it comprises of three candles:
2. Doji (indecisive)
In that respective order.
Since that is forming right now, it could serve as a perfect signal to go short for GBPUSD.
At 15 minutes timeframe, a clear pattern is in formation. The first two have aligned perfectly. The last candle is also heading in the right direction. If that is the case by :30, we should expect a good buy for the next few candles!
At 15 minutes timeframe, Gold is clearly forming an Evening Star, meaning that the prices will tumble if the current candle completes and ends as a bearish candle. If so, you can buy an entry to go short, but be warned that it has run its course in the current trend pattern and has nothing more to offer. Expect a breakout.
At the 1 day timeframe, EURUSD looks poised to create a morning star doji pattern, meaning that if today goes smoothly, tomorrow can be a great buying opportunity.
For now, trade the smaller ones but set your alarms accordingly. The instance the day ends, and the bullish candlestick is fully formed, go long!