EUR/GBP LONG After a very bullish close on Friday, I have taken a long position in this pair. I expect this pair to potentially move all the ay up to 0.9300 area over the long term.
I will be looking to scale out some of my positions as previous highs and will being my stop to breakeven at the alert.
If you want to learn more, please follow me on here or on Instagram @saxonpooley. I produce free weekly outlooks every weekend, where I break down key areas on a pairs I am watching.
I also teach people how to trade so if you are keen to learn, feel free drop me a message!
Saxon
Pairs
ETH/USD Detailed View on Next Buy AreaIn this idea I will explain break down the price behavior of ETH/USD and explain how an ascending channel and psychological support lines can be used to find the next area Ethereum will find support. On this area you will be able to enter a long position trade.
In my previous idea I went into more details how I expect ETH/USD to move towards $240 over the coming month. Also, I explained the importance of psychological support and resistance levels and explained the ascending channel ETH is in at the moment:
In this idea I want to zoom in a bit and look at the 15m timeframe. This explains further the importance of the lines I drew on the 4h chart, such as the middle line of the ascending channel that has acted as support before as well.
There are two options now, the price might find support already on the middle line, after which we can enter a long trade. However, I personally want to wait until the price drops closer to the bottom of the channel and plan to buy near the psychological support of $200. This level has caused much volatility before, and I think many people will put their stop loss around this area.
This is usually a great place to position your longs.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
BANDBTC Just Bounced From a Very Strong Support ZoneHey all, here’s another entry on my tradingview series called 'Quick Updates'.
BAND Just hit this very strong support zone for the fourth time. We can go in for a nice support and resistance trade set-up. I used a trendline this time as resistance instead of a horizontal resistance zone that I normally use, because the bulls has been facing more difficulties recently. There is slowly a descending triangle pattern forming, to create the maximum chance of getting a successful trade out of this I decided to place the take profit slightly more conservatively.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Don't Miss This Descending Triangle for XBT/USD!The bulls are very strong right now. We've just seen them taking a shot at 9400, confirming the descending triangle. However, with some of the bears stopped out the bulls might return stronger than ever.
The scenario I want to share in this idea is the opportunity for another rally, this time breaking through the upper resistance of the triangle. When that happens, things can suddenly really take off. In such a case I would expect BTC to move to levels of around $10000. If you want to be safe, you could add your take profits slightly under the psychological resistance of $10000.
With the RSI being overbought right now (>70), I do expect that the price momentum will need to cool down a bit before it can continue another upwards move. That's why I gave it a few days to prepare for the next rally.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
EUR/JPY Trading Near Support Zone of April 2017Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
By all means, this trading area can be seen as an All Time Low within the shorter timeframes. We have reached levels that were last seen on April 2017. It is rare for a price to break through such levels, which means we can start trading with a bullish bias.
The first opportunity to use this bias is here on a nice support and resistance trade set-up. The support just got confirmed, so let's quickly go into a trade here.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
The Bands, They Are A Squeezin' What a tight squeeze here on the bollinger bands. The prices haven't moved at all in almost two days.
This isn't just for BTC USDT, but for the entire market! For comparison I added some major market caps here as well. And you can see they have also been completely on halt.
However, we can see a small spike of volatility here on the most recent candle. I expect that the price will break out with a bullish flag of these bollinger bands.
Edit: I made it into a smaller description this time to focus on the speed of delivering this idea. You need to act on this very timely, as this volatility can spike really suddenly.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
BAT Is In a Downwards Channel, But Might Soon PumpBat is going down again here in this channel after seeing a significant upwards spike of 100%+.
Surprisingly, the coin didn't suffer much during the Corona crisis. However, you could argue it's already priced in as we're looking at the BTC pair here and not the USD pair.
I expect the price will continue to go downwards for a while until we reach a very important point: the confluence of the channel and the support zone.
I think this area could be a great buy opportunity as we've seen BAT does have the potential to spike when it's making lower lows. I will put it as a short for now with the expectation it will follow this channel, but I am bullish long term.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
BANDBTC With a 30% Opportunity On The 60m! [QUICK UPDATES]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
The price of the extremely volatile BAND coin is currently moving between the areas of resistance (0.0000600) and support (0.0000415). Since we've seen the price bouncing off this support zone multiple times before, and we also observe a confirmatory bounce on the current hit of the resistance zone, this seems like a good entry for a bullish scenario.
Since the price is so volatile at the moment, fantastic gains are to be made here. But also big losses, you know how it goes. Be careful out there peeps!
Some quick words about BAND:
Band Protocol is a data governance framework for Web3.0 applications operating as an open-source standard for the decentralized management of data. They aim to band communities together with open and reliable data source through decentralized curation protocol.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Recent success stories:
GBPCHF Hitting a Crucial ResistanceGBPCHF Hitting this extremely important resistance here going back one year all the way until July 2019.
This will be a pivotal for GBPCHF. It needs to show now if the bulls have enough strength to continue the recent uptrend that started after hitting extreme lows. We will find out by monitoring this level. If they can break through, we can expect a very bullish continuation. If they can't chances are that the bears will take over again and we will see a second downturn on GBPCHF.
I placed the suggestion for entering the trade a little bit above the current resistance to create confirmation of a breakout. The take profit is placed directly below an area of many trades as seen by the volume profile.
Follow me for consistent high quality updates, with clear explanations and charts.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
ATOMUSDT With an RSI Bullish DivergenceHey all, here’s another entry on my tradingview series called 'Quick Updates'.
We find an RSI Bullish Divergence here on ATOM. This happens when the price makes a lower low, while the RSI makes a higher low. This indicates an unsustainable decrease in price, where the momentum is slowly resetting. This is a bullish signal and that's why I close this idea with the LONG suggestion.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
EURGBP Started Its Downtrend After Breaking Out of This TriangleMake sure you enter this trade before the market closes. You only have 1 hour left!
The price has bounced three times off the horizontal support of the descending triangle. Each bounce was slightly less strong, which denotes the characteristic of the triangle.
The bounces were respectively ~4%, ~3%, and ~1.5%. Now that the triangle broke, we can see that bears are winning from the bulls.
I expect EURGBP to start a downtrend where bears will keep pushing the price down. The most logical first test will be around this support area.
To profit from this trend, we can place a short trade, with a stop loss slightly above the support of the descending triangle (S/R flip).
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Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Recent success stories
CAD CHF Is Playing Out Exactly How We ExpectedThis is part 2 in an ongoing analysis on CAD CHF. This support and resistance set up has played out very nicely so far. I decided to keep the line on my chart from the previous analysis so you understand the progression and the narrative.
CADCHF Has finally shown us a temporary low in this massive bearish trend. This is not an easy moment to trade, there can be unexpected volatility, and there is not much historical price action to base your TA on. I am going to keep it simple for now and just share this scenario based on a support and resistance.
A first small rejection of the resistance has already happened, we are now seeing a continuation of a temporary uptrend. Eventually I do expect the price to attempt the resistance again and break through the resistance. Then, after a S/R flip the price can bounce off a newly found support and make a short uptrend.
Overall I believe the price will need to cool down a bit from its massive downtrend and will recover temporarily. This is where you can try to monetize this pair.
Follow me for consistent high quality updates, with clear explanations and charts.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Rising Wedge Breakout on GBPJPY. A Perfect Sell Entry.Hello my fellow traders, hope you'll making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. The pair did breakout from its rising wedge and took a reverse after hitting its resistance zone. As far our analysis, one can take take a sell signal while keeping TP at 132.000
Let us know your views on this in the comment section. Thank you all.
There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R.Lopes
Two Scenarios You Can't Miss On AUDCHF For Maximum ReturnsWhat is important to realize here is that we first need to wait before entering this trade. The price is closing in on the resistance level, and we can simply wait and observe the behavior before entering the trade. Let's go through the two scenarios.
1) The Bullish Scenario.
If the price breaks through the horizontal resistance we can expect a continuation of this parallel upwards channel. I placed the price ranges for your entry, take profit and stop loss on the chart.
2) Bearish Scenario.
If we see a rejection of the price when it hits the resistance area, we can expect a downwards trend again. I placed the price ranges for your entry, take profit and stop loss on the chart.
After the price has hit the horizontal resistance level, wait until you see either the bullish or the bearish scenario confirmed. Then, it's safe to enter the trade!
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
If you want to learn more about how to place your limit orders including entry, stop-loss and take-profit, check out:
If you want to learn more about the psychology behind trading, check out:
EUR/JPY Scalp Opportunity [Quick Updates]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
We can see a nice opportunity here for a quick scalp after EUR JPY has hit the horizontal support zone for the fifth time. The price has confirmed a rejection and looks to be in a temporary uptrend now. I suggest to put the take profit directly under the support/resistance flip area.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Recent success stories
Bearish Signal Based Off Descending Triangle for BAT BTCHi all,
The Trading Guru is back here with a bearish scenario on BAT. After the big pump 4 days ago, we have seen several attempts of bringing the price down. Each attempt resulted in a bounce off around the 0.00002180 zone. However, every subsequent bounce has been slightly weaker. This is a very bearish signal, and is called a descending triangle.
I expect the price to break through the support soon, as we can see the bears are clearly winning from the bulls at this point. Only once the price goes back to normal ranges as defined by the horizontal support, it will become more unpredictable about what will happen with the price. At this point we should leave the trade.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.