This is just an update on this trade we have been holding since the 1.71882 area, We can currently see price at another key resistance level, now we might see price break through this and make further movement up... or we could see a drop now after a few days of flying high ( the aeroplane might be out of gas and need a refuel ) Even though we currently hold a...
Drawn on the chart we have a key monthly support and resistance level ( been used as resistance in this chart ) On the monthly chart this level has been respected and touched the past 4 months... Get the chart up yourself and check you lazy bas#a'rds haha, You can also see this key monthly level has been respected on this chart ( 4H ) Now you can see why it is...
Support/Resistance line = Blue line Trend line ( TL ) = Yellow line Blue + Orange arrows = Support Purple arrow = Resistance Looking at this chart it took me seconds to spot these key levels, Support and resistance level has been used strongly in the past and price on Friday came up to test this level as resistance, What makes this setup even stronger is price...
Here we have 2 strong trend lines ( TL ) TL1 was touched by price 6 times before it finally broke out, and TL2 was touched 16 times before breaking out. TL1 when price broke out it had a bullish run for 8 days and in this time it managed to collect 270 pips, going into this breakout there was a slowdown in selling power ( small bodied red candles ) and a lot of...
Drawn on the chart we have a key monthly support and resistance level ( been used as resistance in this chart ) On the monthly chart this level has been respected and touched the past 4 months... Get the chart up yourself and check you lazy bas#a'rds haha, You can also see this key monthly level has been respected on this chart ( 4H ) Now you can see why it is...
Study notes on the Babypips trading course Based on this article: www.babypips.com Example is EUR/CAD, when uptrend stopped and trend shifted into a brief downtrend. The rising wedge is either a REVERSAL or a CONTINUATION pattern Bad news in an uptrend, indicates a reversal is on the cards. In a downtrend, more of the same.
Hey guys, I`m sorry - I made the mistake and posted content whose violated the house-rules of tradingview. I decided to repost them because they were awesome trades. :-) If you still hold / trade them, you can check the update-section and take a look at the analysis. Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Hello Guys! Today we want to share with you our educational idea. We are curious what you think of that. Recently we observed Sentiment Oscillator. It can be useful when measuring general sentiment on the market regarding certain assets. It gives a good idea of the investors’ approach. It also shows when trend is to be changed from positive to negative and other...
Hello traders! We have noticed a recognizable pattern with pretty clear wave structure, which suggest more upside in upcoming days. Looking at daily chart, we can see an impulsive five-wave drop from 1.6155 highs and in EW theory, after every five waves, a three-wave (A)-(B)-(C) correction follows. As you can see, EURCAD also broke a channel resistance line,...
These ideas are not an instant order trading setups. All these trading plans needs for clear confirmation pattern signals in order to place an active order
similar scenario presenting itself here with ujsdjpy, patience and proper risk management will be key to catching these big moves. price has pulled back to 61.8 Weekly Fibonacci at 106.0 is where I will be marking my low for it. if this level holds I will be holding longs with target of 111.00 keep in mind that I am watching all my other indicators to lign up...
Bulkowski's Big W. Keep in mind that we are in a long term down trend, making this riskier than usual. In fact I am bearish and short so this goes against my bias, but the possibility serves as an education for myself and documented specifically so I do not lose the chart. Enjoy. Characteristic | Discussion Price trend: Downward leading to the pattern. Shape:...
Yesterday EURUSD H&SH pattern trading idea has not been completed as H&SH pattern was violated. Now in this video setup we using RSI divergence Trading Strategy to short EURUSD. This video is based on my trading plan, that i wanna take an opportunity. Also you may learn on how to trade RSI divergence in this video. This video at the same time and trading plan and...
Support and resistance levels are critical in financial markets. They are very similar to pivot points, except simpler. When the price of a pair goes up to $10,000 and goes down to $9000 USD, that $10,000 USD zone is now resistance. If it bounces from $9000 and up to $11,000, the $9000 level is now support and the $10,000 resistance is now broken and could...
If you understood the fundamentals you would've bought the USDCHF after the fall on Friday, why? Because while we had beautiful technicals for the the sell going down we also had the passage of the US tax bill which if you understood the fundamentals you know would result in a rally in the USD. So many traders lost all their profit from the fall because they...
Here is my trade for Eur Aud short I saw this area where a lot of seller have been pushing buyers down quite a bit first signal as a higher high was never made second double top and the market quickly reversed showing sellers are in control third the market hit my trendline and reacted quite quickly to it with price action therefore my analysis is if we...
Good morning everyone So looking at this market I have shown why I choose to enter this market, showed you were my stop loss is and using supply and demand and pitchfork with a couple projection tools this is my analysis of the peso so far. if the buyers hold the market here you can see a tp blowing up with a 1 to 9 risk to reward. If we go south and blow...