EURUSD looking for new support .EURUSD broke that ascending channel and create a new downtrend and it still continue by broking our support (1.21700) . Now I think it can test our second support (1.20500) and bounce back towards up if our support(1.20500) validate then it move towards strong support (1.9600) which previous act as a strong resistance and consolidate there before making new high.
If there is any change happen or it move differently then I update you.
If you agree then like idea and support me.
What you thought mention in comments :)
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Now we have a clear Direction for XAUUSD
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1. Wait for confirmation(Wait For Price Action Confirmation / Break of structure )
2 .Use Risk Management (Risk 1% of your capital)
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USDCAD Quick and Simple Technical AnalysisHello there!
I am new to the market and looking to expand and grow my knowledge. This is my first published idea and would love some feedback/conversation.
My technical analysis shows a strong 4 year resistance around 1.4047 and a 2 year support around 1.2775. I have also added another trend line on a slight 3 year rise, giving my 1.2775 support more confidence it will hold and not break. The Bollinger has also been consistent in showing a low band price hit to consider long and high band hit to short.
Wishing everyone the most success.
Craig
SELL NZDCHF LADIES & GENTSSELLS VALID ON NZDCHF! ENTER ENTER ENTER!
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too!
ANT on the next Bitcoin spike in 2022Please, this is only my opinion and the price I am looking at for Aragon into the middle of 2022 is between $1200.00 and $1400.00 per token. Given the recent move by Tim Draper with his $1 million dollar investment into Aragon plus the wide DAO market that is before the Aragon organization, I am very confident that we may be able to reach these insane price valuations. Granted, Tim Draper is not 100% on the money with his calls but I have to give it to him for thinking outside of the box here and into the broader blockchain sphere of reality. If the DAO's that come on board with Aragon is successful then Aragon could literally explode in price. I know that I will get ridiculed here but oh well such is the life of a crypto dreamer.
Simple Price Prediction of Kiwi Property (KPG) Trade at your own risk. I am just sharing this for your own information and I am not licensed to provide financial advice. If you have any input please share it in the comments below, any input would be awesome. Lets try help each other get better at making moolah! :$ :D
MCK Hotel Stock priced how it was 4 years ago - Awaiting AR ?This stock has decent fundamentals with a discounted cash flow valuation at around 70% undervalued at its current price of $1.77 at this time of writing. This company owns hotels all around the world and their market cap is above EV, their Book Value per Share in 2019 is at 6.78 and I suggest you find out the other fundamentals by yourself. Anyways, my opinion is that the market has priced in the Covid19 effects on this stock since this company is obviously extremely exposed to the effects of covid19 (lockdowns, border closed, etc...) since they rely heavily on tourism. However the company's latest annual report was for end of December 2019, and they do not seem to issue interim reports. Therefore we do not understand how much covid19 has actually impacted this company's financials just yet, so... Could this be a golden opportunity to keep an eye out for until their next report is released? What if covid19 has not effected their financial's as bad as the market has decided ? Their price at $1.77 is the price it was 4 years ago. Thats all for now from me. Food for thought!
Classic Charting - Be ready to make your move.Simple,
What is the best best indicator? The chart its self.
Then its up to you! I like to use nothing but RSI, fib, Gann, and type "Theory's and techniques and no, I am not a Gann wizard. Its just cool to use some off his techniques if you can.
Honestly I read Candice Brown more than anything. Trade on the side for fun.
RSI Divergence, support and resistance.