USDCHF: Analysis and Plan for the week ahead (2JUNE2019)We are currently looking at USDCHF. At the moment as you can see the trend is going down wards. With the pairs making its Lower Highs (LH) and Lower Lows (LL), this shows the movement of the market downtrend. Meanwhile as we can see that the price is currently at the WEEKLY LOW point. What could happen is that it will bounce up from the WEEKLY LOW for a bit before continue going down wards like most of the times whenever something similar like this happens.
Next Move: Will wait and observe for the next candle stick to appear and see what is the outcome before taking action. Will not stay at BUY for long as market looks like it is going down trend.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Learning
EURUSD: Analysis and Plan for the week ahead (2JUNE2019)What we are looking right now below is the 4H chart. Reason for me to show this is because I feel that the pair is currently respecting the trend line.
If the pair continues to respect the trend line, the pair will not go above the trend line (diagonal red line).
Next Move: Will be observing for the next candle stick. If the next candle stick goes bearish, I will take a SELL on this. My plan for this pair is to go for SELL. Otherwise, I will not take any actions yet until it is much clearer. (If the candlestick goes to touch the trend line.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
EURCAD: Analysis and Plan for the week ahead (2JUNE2019)We are looking at the EURCAD pair. As you can see here, it is currently doing Higher Highs (HH) and Higher Lows (HL). From the analysis, looking at the trend line, it seems to be going upward trend. Therefore this pair will be making another Higher Low (HL) before continue it's flow upwards. Currently looking at the candle stick at 1H chart and candle is showing a bearish engulfment. That is 2 confirmation.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
ACB - BOUNCE HERE WE GO "NEXT WEEK"- Strong Hold at "7.56"
- Should be a potential bounce.
- Oversold big time.
NZDUSD: Analysis and Plan for the week ahead (26 MAY 2019)I am still new to this but I am still learning. I am just sharing of what I feel through the analysis that I did while the market was closed on the weekends.
This is the NZDUSD pair. From what I have analysed, this is what I feel the market would do. At the moment, market is doing Higher Highs (HH) and Higher Lows (HL). Therefore the market is going uptrend.
What it will do next is that the price will be bearish to make another Higher Low.
1 confirmation is that the candlestick is bearish engulfment. Wait for one more candlestick to confirm a full engulfment.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
GBPUSD Analysis & Plans for the week ahead. Published 26 May 19I am still new to this but I am still learning. I am just sharing of what I feel through the analysis that I did while the market was closed on the weekends.
This is the GBPUSD pair. From what I have analysed, this is what I feel the market would do. At the moment, it is at the week's low key level. My thoughts are that it will probably be bearish looking at the candlestick patterns. Would really need to wait for the next candle to appear to see for confirmation.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
The bears took over last week but have no chance this week!Last week I was shorting this and was right on the money! It did exactly what I imagine it would do. Now, for this week I'm looking to go long hoping to catch some good pips. My entry on this 1.34159 and hoping to take profit at 1.34800.For this one I am going to use wide stops at 1.33700. Comment your thoughts below because my goal is to try to learn everyday and learn from others!
Quote: “Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.”
― Yvan Byeajee
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Bounce on BB LOWWe are going to test Mid BB line to see if its strong enough to do a bounce. wait until the coast is clear. Roger that captain!
^ RULE ONE
^ DON'T BEEP UP YOUR MONEY
^ DON'T BE DING DONG DODO WITH OPINIONS
^ BE PATIENT MUTHA LUCKERS
CGC MIGHT BE GOING UP!...Currently the market is going green from red.
Check list:
^ We notice it hit its uptrend support, which is the orange line.
^ Buy point is 45.80
^ Selling point is 48.65 "I will be selling half of my shares"
^ Hold the other half it breaks 48.65
^ MACD indicator is showing a possible bounce around the dotted support line.
^ RSI Showing its might be a possible buy point because it at its bounce level.
Possible bounce for CGC. Keep in mind this is my opinion. I could possibly be wrong depending how the market is going to be tomorrow.
If you guys can give me pointers. I will be using this as my learning platform to see how accurate I am.
AUD NZD - Long scenario setupWELCOME TO MY LEARNING F* PAGE!
AUD/NZD is so close to the best place where we can open a LONG entry.
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
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What I Think About TA, And Why I Love ItJust wanted to do a short video on the Bitcoin chart about how I feel about TA - what I think it is and also why I find it interesting. I hope someone finds this video interesting as well, and I'm curious to hear people's thoughts.
This is not financial advice. This is purely an educational video, and it's based on my own observations, assumptions, and opinions.
-Victor Cobra
Market Volatility The vix indicates how volatile the market currently is. Right now, the VIX is sitting at 14.40. A neutral market is indicated by a vix being at 17. Since the vix is sitting on the low end, we should continue to see the market stay relatively safe. However, with all the ongoing issues of a slowing global growth, trade, and poor economic data, it would be best to keep your risk appetite low until things smooth over. The VIX is currently trading below the 50 EMA and 200 EMA.
Learn how to fish Support orange arrows.
Resistance purple arrows.
Who says you cant see trade setups just using zones and levels? It looks pretty simple to me, You can see how strongly this zone is respected from where price has entered our zone and then bounced ( marked by arrows )
Now it seems pretty clear to us where price is heading and we haven't got any indicators on our charts at all, just clean fresh charts.... quick someone call the FOREX POLICE because we must be committing a crime as everywhere we look we see stupid charts that look like a 5 year old has drawn on them... These charts may work for the person using them but they are also used to try and confuse people into thinking that trading is hard so they will pay for help from this person.
Yes we sell high quality signals, but honestly we would rather people learnt to trade themselves, this is why we don't over complicate charts... YOU CAN GIVE A HUNGRY MAN A FISH TO CURE HIS HUNGER FOR A FEW HOURS... OR YOU CAN TEACH HIM HOW TO FISH SO HE CAN EAT FOR THE REST OF HIS LIFE. We prefer to show people how to fish if you get my drift ;)
Keep charts simple... Dont let them fool youORANGE ARROWS - SUPPORT
PURPLE ARROWS - RESISTANCE
Look at the chart and tell me that support and resistance and supply and demand zones are not the way to trade, then I will tell you to folk off ;p
As you can see that every time price entered into one of our zones it bounced or if it did break it made a big move, the same happened with our support/resistance line... Come on people it really doesn't take a genius to work this stuff out!
Find a strong area/zone of support and resistance, place them on your charts and price will respect them time and time again for years to come, this gives you a head start over the market, you see peoples charts that look like an artist has thrown up over them, charts with more lines on than a table at a wall street office party :p.... These indicators only confuse you and stop you seeing what's going on, look at our charts they are nice and clean and you can spot setups easy.
Keep it simple and you will succeed, confuse things and the market will destroy you.
EURCHF another bearish wedgeIt is not the most perfect wedge, but it does have a support and resistance that is tested multiple times.
The bearish idea would fit in the downtrend on the weekly since august '18.
We're seeing some bearish movement right now so maybe it will break soon, while the wedge is closing in.
Keep an eye on it and thanks for reading!