EURUSD in upwards channel. Have been buying at dips and exiting at tops. 1. Bulls are still in control. 2. Main direction is still up 3. Up trend line still active. Entry @ bottom of channel. Take profit at top of channel or in 40-50 pip increments. Good luck trading! Let me know how I can help. Charles V www.cvfxmanagement.com Trading made Simple
Bear Flags are a Range pattern and they are a repeatable trading chart pattern. Bear Flag chart pattern will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close...
here is the true channel had to adjust my lines a bit price already hit the bottom and is now making its way up and possibly through
Follow up from yesterdays @es_f Elliot Wave 4 pullback and completed 5th wave to the tick! Both BITS and Elliot Wave Indicators called this move today. 75-100 plus ticks. Roller Coaster likes to have a more stable environment and didn't have much on it today. Gaps play a MAJOR part in where the market goes guys and gals.
1. I like trading USDZAR because of the large movement potential. Same reason I like trading Bitcoin, not because the currency is realistic as a monetary replacement to the dollar. I am, however, in support of block-chain technology because of its utility in health & data storage. NOWHERE on the stock market will you see regular moves so big for maximizing profit...
After rising along with CAD strength, we could see a bearish wave here on USOIL back down towards 56 as long as the pin bar wick high hold. But be careful, NFP is in the a.m!
Red lines indicate BTC is set to fall over the long term. Green lines are buy zones where price may find temporary support for some short term profits. With the recent week's price action, BTC isn't seeing enough buyers stepping in at these levels to make a new high yet. This could change if BTC manages to hold above the downward sloping channel (above the top Red...
awaiting a buy opportunity to take advantage of this red channel. buying the bottom & selling the top, at the breaks of the downward/upward sloping trend lines within this channel.
btc just held the upward sloping trend. i've already added to my position, awaiting a pullback to add more as long as the trend holds.these new shares i've entered will be sold if price cannot break through & hold the top red line. this will exhibit weakness & potential failure of this position, resulting in the upward sloping (green line) trend. a failure of this...
Any decent trader can see what I see here on the DAILY. I'd be looking to add to my LONG-TERM position at a breakout to the upside, above the downward sloping white diagonal line. If this current support level (the upper green line) fails, I"d be looking for buy opportunities at the bottom green line, a solid area of buy support. I'd appreciate your feedback on...
Simple way to spot a DOWNTREND = when horizontal channels continue to form underneath previous channels & price breaks below the newly formed channels. Seeing other trader's chart drawings & consistent practice drawing your own will help with quickly spotting trading opportunities.
buying lows, selling highs for day profits. long term holds from previous buys below $4k in a separate account from my day trades...
It's just a simple analysis, no one can predict the market! Always Trade your plan.
It's just a simple analysis, no one can predict the market! Always Trade your plan.
Yellow highlights shows examples where it broke the line and then reversed. Green checks identify breaking the line and continuing to the next line. Current price is at a level where it can either fall below the trend-line to the next anticipated support line or continue up to the top line. If it breaks the top-line and holds above it, all those horizontal lines...