EURGBP BEARISH MOVED EXPLAINED +40 PIPSHey Rich Friends,
Although this trade took some time to develop, I am happy to see that my TP 1 was hit and hopefully the market will continue to sell.
I used the same strategy that I posted about in my viral Editor's Pick video, "The Best Forex Strategy I've Used in 3 Years | 4 Indicators" and you can learn more about it by watching it on my Tradingview page.
I hope that anyone who followed this trade idea was also able to secure some pips and get a better understanding of the market.
Until next time,
- Peace and Profits, Cha
M-oscillator
Why I Think EURGBP Will Continue to Sell Hey Rich Friends,
I think EG will continue to sell for a bit. Here is what I am looking at.
Why:
- Prior rejections in this area (red rectangle).
- Break of structure on the previous candle
-MOM is negative
- STOCH below 50
WAIT FOR:
- Candle to close below 50 EMA
SL: 0.87400 or Higher (40 PIPS)
TP 1: 0.86600 (40 pips) 1:1RR
TP 2: 0.86400 (60 pips) 1:1.5RR
TP 3: 0.86200 (80 pips) 1:2RR
Result:
Pending
Please Do Your Own Analysis And Use Proper Risk Management. If You Do Market Execution, Adjust Your Tp And Sl To Your Actual Entry.
Why I Think NZDUSD Will Continue to Buy Hey Rich Friends,
I am going to set a Buy Limit order on this idea at 0.59500. If the market revisits this area, my trade will be triggered, and then continue to buy. Here is what I am looking at:
- The candle has crossed above the 200 EMA. If the next candle closes above the 200 EMA, the trend will be confirmed Bullish for me
- The MOM is positive
- The Stoch is facing up, above 50 and the blue line is above the orange line
- These are all Bullish confirmations for me
If you need help understanding Market/Pending Orders, leave a comment below and I will help you!
- Peace and Profits, Cha
NZDUSD BULLISH MOVED EXPLAINED +40 PIPSHey Rich Friends,
I am happy to say that after 4 days, this trade has finally hit TP 1 and it looks like it will be moving to TP 2. A classic case of HOLD DON'T FOLD.
I used the same strategy I always use in all of my videos with a little bit of supply and demand in the mix.
I hope you guys were able to secure some profits from this trade idea even though it took ALL WEEK. Pay-tience paysssss.
- Peace and Profit, Cha
Why I Think EURJPY Will Continue to BuyHey Rich Friends,
Happy NFP Week! Please remember to check the news and trade with caution. To start this week off, I think EURJPY will continue to buy and here is what I am looking at:
- Candles rejecting price going lower in the demand zone
- Candles are above both EMAs and the blue EMA has crossed above the purple EMA
- MOM is facing up and positive
- STOCH is facing up, positive and the blue line is above the orange line
- SL will be set below a previous low and TP will be set above a previous high
These are more than enough bullish confirmations for me to feel confident in this trade. Comment below and let me know if you agree or if you see something different.
- Peace and Profits, Cha
Why I think UDSCAD Will Continue to SellHey Rich Friends,
I am looking at UC for a potential sell, here is why:
- Candles coming out of the supply zone. Already rejected
- Candles starting to fall below the EMA. Wait for candle to close below EMA
- STOCH facing down
- MOM is facing down
- TP will be below the previous low and SL will be above the previous high
Let me know if you see something else!
- Peace and Profits, Cha
Why I Think GBPUSD Will Continue to Buy Hey Rich Friends,
I am looking at GU for a potential buy, here is why:
- Candles coming out of the demand zone, it may retrace back to this area.
- EMAs look like they are getting ready to cross (wait for the 50 EMA to cross above the 200)
- STOCH facing up, but not above 50 (wait for STOCH to cross above 50)
- MOM is facing up (waiting for it to be positive)
- TP will be above the previous high and SL will be below the previous low
Let me know if you see something else!
- Peace and Profits, Cha
Why I Think AUDUSD Will Continue to Sell Hey Rich Friends,
I think AU will continue to sell after retesting the supply zone (0.63340 - 0.63550). I have set a pending order called a Sell Limit.
Here is what I am looking at:
- Resistance in the supply area
- Candles are below both EMAs
- MOM is below 0 and negative
- STOCH is below 50, orange is over the blue
Please check the news and be mindful of the AUD and USD news coming out this week!
- Peace and Profits, Cha
Why I Think NZDUSD Will Continue To SellHey Rich Friends,
I think NZDUSD will continue to sell. Here is what I am looking at:
- Candles are in a previous resistance/supply zone
- Momentum is negative
- Stoch is facing down, the orange line is above the blue line
You should wait for:
- Candles to close below 0.59750
- Stochastic to cross below 50
- CHECK THE NEWS
I will set a pending order called a Sell Stop around this area. My SL will be above a previous high and my TP will be below previous lows. Good luck!
Why I Think USDCAD Will Buy This WeekHey Rich Friends,
I think USDCAD will continue to buy, just looking at the technical indicators.
- The market has already tapped into and rejected the demand the zone.
- The STOCH is facing up, the blue line is above the orange line and it is looking to cross 50%
- Candles are above the EMAs.
Make sure you check the news also! I am in this trade for a buy but we will see how it goes!
Happy Trading!
- Peace and Profits, Cha
Do I Think AUDUSD Will Continue to Sell Today? YesHey Rich Friends,
I think that AU will continue to sell today, this is what I am looking at. However, REMEMBER TO CHECK THE NEWS AND YOUR CHARTS BECAUSE IT IS NFP WEEK.
- Previous resistance in the supply zone
- Break of structure on the downside from the previous candle
- MOM is facing down but not yet below 0. You can wait for it to cross below 0 for added confirmation.
- STOCH is facing down, crossed below 80, and the orange line above the blue line. You can wait for it to cross below 50 for added confirmation.
- Candles are still above both EMAs so use caution here
You can do market execution or set a pending sell limit or sell stop to maximize your results in this potential trade idea. You can also use a previous high as a SL for a selling trade and a previous low as a TP.
Good luck!
- Peace and Profits, Cha
Why I Think EURJPY Will Continue To BuyHey Rich Friends,
I think EJ will continue to buy this week based on my technical analysis but I do encourage you to check the news and come to your conclusions! Here is what I am looking at.
- The candles have already tapped into and rejected a previous demand zone
- The candles have close above the 50 EMA and 200 EMA
- The momentum indicator is facing up, but not yet above 0. You can wait for this signal
- The STOCH is facing up, the blue line is above the orange line and both lines have crossed above the 20 line, which I see as a signal for an uptrend
My SL is set below a previous low and my TPs will be above previous high since this is a buying trend. Great luck with your trades this week.
Peace and Profits - Cha
Why I Think GBPUSD Will Continue to Sell This WeekHey Rich Friends,
Happy New Year! I am so excited to be back and sharing trade ideas with everyone! Cheers to a peaceful and profitable year!
I think GU will make a quick bearish move this week. Here is what I am looking at:
- The most recent candle broke structure on the downside.
- The most recent candle closed below the 50 EMA.
- The momentum indicator is facing DOWN and BELOW 0.
- The STOCH is facing down and the slow (orange) line is above the fast (blue) line.
- No high impact news TODA. BUT STILL CHECK THE NEWS AS IT IS NFP WEEK.
For me, all signs are pointing to a sell. I will set a sell limit at a previous high to give the market a chance to retrace, which will give you a better entry. My stop loss will also be at a previous high and my TPs will be at previous lows.
Peace and Profits,
Cha
Why I Think CADJPY Will Continue to SellHey Rich Friends,
Happy New Year! The second trade I will be taking this year will be a sell for CADJPY. Anything could happen during this NFP Week but here is what I am looking at:
- The most recent candle has rejected the previous supply area
- The momentum indicator is facing down
- The slow line (orange) is above the fast line (blue) on the stochastic
Additional confirmations to look for:
- Wait for the stochastic to cross below 80
- Wait for the momentum indicator to be negative
- Wait for break of structure on the downside
TP will be set at 100 and 200 pips from SELL LIMIT entry!
It is still NFP week so remember to check the new and only enter a trade if it makes sense to you.
Peace and Profits,
Cha
Why I think EURUSD Will Continue to Sell This WeekHey Rich Friends,
This is only my technical analysis of EURUSD, which means you should still check the news and confirm with your indicators.
I think EU will continue to see this week, and here is what I am looking at:
- The first thing I noticed was tha gap that needs to be filled in the market which I have highlight on my chart. The market will always correct itself!
- The candles have rejected a previous supply zone on the daily chart
- Structure has been broken on the downside from the previous day
- Candle has opened and closed below the 50 EMA.
- Candle has crossed below the 200 EMA
- The STOCH is facing down, the orange line (slow) has crossed over the blue line (fast) and is below 50.
These are more than enough confirmations for me to take the sell! Check it out, and see if it makes sense to you to take this trade. CHECK THE NEWS.
Peace and Profits,
Cha
Why I think GBPJPY Will Continue to Buy This WeekHey Rich Friends,
This is only a technical analysis so make sure to check the news and any other indicators on your chart for additional confirmation.
I think GBPJPY will continue to buy this week and this is what I am looking at.
- The candles have already tested and rejected a previous demand zone.
- The Momentum indicator is currently facing up and positive
- The STOCH is facing up, the fast line (blue) is above the orange line (slow) and has crossed above 50.
You can wait for these additional confirmations before entering at Market Execution:
- Wait for the current or next candle to cross and close above the 50 EMA.
- Wait for the slow line (orange) to cross above 50.
I will entering at Market execution and also setting a buy limit in the demand zone. My SL will be a previous low and my TPs will be previous highs.
I hope this makes sense but we will see what happens this week.
Peace and Profits,
Cha
Why I Think GBPUSD Will Continue to Sell This Week Hey Rich Friends,
It is time for another trading week! I think GBPUSD will continue to sell this week and here is what I am looking at:
- The candles have already rejected off of the supply zone
- The candles are closing below the 50 and 200 EMA
- The STOCH is below is 20 and the orange line (slow line) is above the blue line (fast)
This is only a technical analysis so please make sure that you check the news and your indicators to see if it makes sense to you.
I will be getting into this trade for Market Execution and setting a sell limit in the supply zone.
Peace and Profits,
Cha
Why I Think GBPUSD Will Continut to Sell Hey Rich Friends,
I think GBPUSD will continue to sell this week and here is what I am looking at.
- The first thing I noticed was that the market has already rejected 2 previous supply zones and is continuing to fall
- The current candle has opened and closed below the 50 EMA
- The STOCH is facing down and below 0
- Sellers seem to be gaining momentum.
I entered this trade at market execution and have sell limits in the previous supply zones. My target areas will be previous lows.
This is only my technical analysis so please make sure check your charts and the news for additional confirmations.
Peace and Profits,
Cha
Why I think GBPUSD Will Be Buying This WeekHey Rich Friends,
Happy Pisces Season! As a gift to everyone, I have a very special offer for my eLearning platform where you can save over 50% on all mentorship plans. You can register by clicking here or filling out this form.
I wanted to share my technical analysis of GU this week. I think it will continue to buy and here is what I am looking at.
- The candles have already rejected the previous support/demand zone
- The candles have crossed above the 50 and 200 EMAS
- The STOCH is facing up, the blue is above the orange and both lines are above 50
- I have 2 potential areas highlighted for buy limits, meaning I think that the market will retrace to these areas before continuing the bullish trend
I would wait for:
- Structure to be broken on the 4H time frame and to close above the previous high
I have entered this trade for market execution and also have buy limits set. TPs should be set above previous highs and SL should be set below previous lows.
Remember that this is just a technical analysis so make sure to check the news and confirm with your indicators.
Peace and Profits,
Cha
Why I think EURUSD Will Continue to Buy This WeekHey Rich Friends,
I did a technical analysis for EU and think it will continue to buy this week. Here is what I am looking at.
- The market has already rejected the previous demand zone and is creating a new level of support around 1.08300 (potential buy limit entry)
- The STOCH is facing up, and has crossed above 50 and the blue line (fast) is above the orange line (slow)
- Structure was broken on the upside on the 1HR time frame
I would look at previous support/demand areas for some buying opportunities. Set TPs at previous highs and SLs at previous lows.
Be mindful that this is only my technical analysis. Please check your charts, indicators, and the news for more information before making a decision to enter this trade. Great luck!
Peace and Profits,
Cha
Why I think USDCAD Will Buy This Week...Technical Analysis Hey Rich Friends,
I think USDCAD will continue to buy this week and here is what I am looking at:
- The market has already resisted the previous demand zone
- The previous candle was a bullish engulfing, confirming the buying trend
- The 50 EMA (blue) has crossed about the 200 EMA(purple), confirming the buying trend
- The STOCH is facing up, both lines are above 50 and the blue line is above the orange line.
Signals to wait for:
- Both lines of the STOCH to cross above 80
- Current candles close above 50 EMA (blue)
Remember that this is only a technical analysis, so please check the news and reference other indicators on your chart.
Good luck and Happy trading.
Peace and Profits,
Cha
Silver MonthlyTarget for the next several months is ~20 usd
The sooner we hit it, the sooner we can start another bullish leg.
Short Term Targets are bullish ~23 usd
Anything can happen in this market, as JPM, Deutsche, USB, HSBC have all been fined for spoofing or manipulating the silver market in the past 3-4 years.
SPX setting up positively ahead of tomorrow's CPI releaseSPX setting up positively ahead of tomorrow's CPI release. IF stochastic can hold in its upper quartile, an underlying positive momentum will be present.
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