The USD/CAD is actually a nice long trading opportunity. The trendline is broken and the USD/CAD is on the upper end of the trading range. The moving average is also broken and we have a potential to the first target of around 100 pips.
The EUR/USD reached last week the 50er Fibo Retracement in the area of 1.1160. As the EUR/USD couldn´t close above there was a nice short opportunity with a risk of around 20 Pips. If you missed the short - there will be a second chance again! You could short the pulllback to 1.11 with a stop of around 30 Pips. The first target could be in the area of 1.10...
Hi All... After the FX:EURUSD Brakes one of the two red lines I drew, it will aggressively boost in the direction of the breakout if it breaks up the old down channel (upper red line) it will target 1.133 and 1.14100 if it breaks down the new upper channel (lower red line) it will target 1.09 and 1.085 Don't forget to leave a LIKE Check my idea's here: ...
Next on the list for review is CINA ISIN: LU1900068914 Base Currency: Eur Total Expense Ratio: 0.65% Importance price levels going ahead CMP: 156.88 R1: 157.36 R2 : 163.77 R3: 173.32 R4: 190.05 S1: 154.64 S2: 151.46 S3: 148.74 S4: 142.81 S5: 138.65 More Pivots are available on the chart CINA, the fund, is one of the funds, that has not completely shown...
Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! Targets are marked on the chart as a crosshair. Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy. Like it if it was helpful to you. We appreciate the...
Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! Targets are marked on the chart as a crosshair. Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy. Like it if it was helpful to you. We appreciate the...
In this chart we're looking at NVO on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $58. After price prints a 1W candle (1 day left) through $59.77 breakout will be confirmed. This ascending triangle has a price target of around $85 for about a ~46% gain. Price has good momentum as...
Trade setup Yellow moving average set to high. Blue Moving average set to Low. Entry/Trade guide! Buy when Red candle appears above yellow M.A Sell when green candle appears below Blue M.A Risk Reward 1:1 Start taking your profit from 75% of t.p
SSRM broke out of a 4 month base in December and has been in a pullback for the past 2 weeks. I've been watching SSRM to go long on this pullback and the trade setup finally triggered. SSRM had pulled back into a key area of support - the previous breakout area and the 38.2% Fibonacci retracement level. Furthermore, a bounce at this area would be considered a...
I went long BIG based on the Bullish Candlestick Patterns and the chart pattern on the 30m timeframe. In the past 2 days, BIG has printed 2 Inside Day Candlesticks in a row near highs. These candlestick patterns are a predictor of future volatility and usually prices goes in the direction of the current trend. Zooming into the 30m timeframe, a flag pattern is...
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Hi traders, It has been a while since my last post, I apologize for that. Those of you who followed my recent activity know that I spent the last few months on developing a new macro model for the FX market that sorts currencies based on a number of factors, giving each currency a score. I am pleased to announce that the first version of the model is now live....
We need a spike to the bollinger bands with what hopefully will be a rocket followed by a subsequent 50% pullback, retest of previous high. We are trending down on the higher time frame and with this many rejections on the lower time frame it just makes sense to go with the flow (get it)! If you don’t know why Humpty Dumpty fell off the wall then......... get...
When we look at Litecoin with its counterparts, we see that it has suffered a lot from this process : The buy signal is also received weekly: It should be noted that cryptocurrencies are very volatile, if necessary stop-loss should be stretched. This trade involves less risk in the following parameters : Risk/Reward Ratio : 1 / 2.34 Position...
I went long DSSI today in the morning, based on yesterday's price action. After failing to hold highs DSSI has been in a pullback phase for the past week. Yesterday DSSI printed an average to high volume hammer at three key levels; the 50 DMA, the original breakout trendline , and 38.2% Fibonacci retracement level. My entry was 15.44 with a stop loss at 14.80....
Congratulations to anyone who entered with me last week, you should've gained around 120+ pips! Also, I mistakenly kept saying minor support at the beginning but meant to say minor resistance. I closed partials and I'm going to be looking for more setups for the rest of this week and next week.
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 2-3 Days A – Activating Event Market will meet resistance in zone @ 1.4536 - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 1.447 C -...
In this chart we're looking at Becton Dickinson & Co on the 1W chart as price has consolidated into an ascending triangle . Price has recently broken through the horizontal resistance around $263 with a strong weekly candle. Breakout was confirmed after price broke through $271. I just came across this company's stock this weekend, so I missed the initial...