HBSPG

HBSPG

Hi, Little while since my last fx post! Here we see NZDCAD has followed an up trend from the 28th of Feb until the 20th March. We can see this as it has continually formed higher highs and higher lows through "Channel A" I have been trading on these areas, however when a new lower low formed, this signalled that the uptrend had run its course. The new lower...

HBSPG

Hi, I had opened a short on the SP500 last night, all economic factors are pointing towards a recession whether it is interest rates, housing market, inflation or political leaders. This week the US 2 year treasury reached 5%, a level not seen since just before the financial crash. Waking up to the news of Silcon valley bank plummeting due to them announcing a...

HBSPG

To Start, I used the basis of this chart from someone who posted it in the TV chat, I do not remember whose it was! Point 1 - We have seen BTC go through 2 major waves of reaching 'peaks'. I believe we are now entering the 3rd major wave. In the previous two waves, it has taken typically a year (give or take a few weeks) for BTC to reach bottom from its peak. We...

HBSPG

Following my previous post, we are getting very close to the final drop, which I believe will be much bigger than people anticipate. Here is the chart for the dot com crash and the 2008 financial crisis, each event has began with a small price increase and then a drop. This event then happened twice more on a larger scale, with the final, aggressive pump resulting...

HBSPG Updated 

Here I will be taking a long position on USDCAD, as I can see that the price has began to bounce off a resistance point. So far it looks to be moving in this way, although we have various bits of news throughout the day so hopefully we can reach TP's before 3'oclock. To hedge this I also have a 1:1 trade open, which once TP hits, I will change the SL on my...

HBSPG

Looking at the SP500 on the weekly view, it is clear to see that there is a downtrend, although I believe this is just the beginning of the drawdown. We can see that after it reached the high of 4800 in Jan22, it dropped to around 4200 before forming a small series of green candles of recovery. *This is a pattern we have seen multiple times in the past before a...

HBSPG

Shorted on Avacta, following the price reaching its peak, where it previously fell, I looked to do the same with a nice rr. *NOT AN IDEA*

HBSPG Updated 

Waiting to see what this candle closes as, currently quite a strong red candle. Failed to break resistance and now looking to drop. Very healthy RR.

HBSPG Updated 

Hoping to see a drop in price after failing to breach a resistance, I think we should see a bit of a free fall here.

HBSPG Updated 

Hoping to see the price bounce from where we had previously seen it reach.

HBSPG Updated 

Hoping to see a bounce in price where it had previously resisted.

HBSPG Updated 

I am selling USDCHF due it reaching a previous price point and rejecting to go any further. The latest candle is red and is suggesting a downfall much like the previous times it had tried progressing past that resistance point.

HBSPG Updated 

Also found this, which is looking healthy so far. Using the resistance to signal a buy

HBSPG Updated 

Hi, struggled to find any entries today on the hourly timeframe, had some setups in place although the price never broke to those levels and a lot of the time went the opposite way. Decided to see if there were any entries on 15 mins tf just to get some profit for the day. Only a small trade but looks quite promising. Bouncing off the resisting bottom

HBSPG Updated 

After failing a previous level of resistance, I decided on a short. I've been succesful *on this pair recently with large rr's so would be nice for another TP due to it being nearly 1:6 rr.

HBSPG Updated 

Hoping to see a bounce after a large drop, due to this happening previously. Currently the price hasn't followed the same price surge we saw previously, although I'm still hopeful.

HBSPG Updated 

Jumped on this due to the price hitting a resistance point, although I may have to bring down my TP slightly due to it not briefly breaching this level and reversed as soon as it touched the resistance.

HBSPG Updated 

Seeing the green candle top where it had previously topped, and then followed by a closed red candle signalled the downfall of the price- hence the jump in the trade.