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GBPCHF 4H 340pip SELL. For week starting 29.3.21Wagwarn my slimes please leave feedback to help me improve and trade safe. We're looking at GBPCHF here which is very very overbought so we're looking at a nice sell. We may be abit late to this move but market open will delay if a bit for sure with some volatility and spread AIDS. Price has been ranging since the 11th March and we've seen that resistance tested 6 times since then telling us it's super strong so we can definitely expect price to reject this time around. I'll be looking to short this right after the next candle close after market open (as long as the spreads have reduced). We can see hidden bearish divergence which is much stronger on the stochastic than it is on the actual price chart - let's remember divergence is binary so it's happening or it isn't. Our stochastic indicator is super high at 92.5 (at it's peak) which is the highest it's been in a long while so we can definitely expect a big sell move on it's way. TDI is supporting this move nicely, The red line has recently crossed over the green line right at the top of the channel just under the top band, showing that the bulls have taken over and that price is currently overbought. The red line broke out above the Bollinger bands (shark out of the water) which is another indication price is massively overbought meaning a sell is coming. Even further, the TDI's Bollinger bands are diverging, showing that volatility is increasing- hopefully this is the end of the ranging period. I would set my TPs as so: TP1: 1.287 60pips TP2: 1.278 150pips TP3 (runner): 1.2587 340pips If you ask me this move is going to happen on monday or tuesday so keep a careful eye on this pair as these confluences are interesting. Have a good week Vince / Vmoney
Short
by Vmoney10
EURNOK 4H 375pip SELL - For week starting 29.3.2021What's up please comment what I can do better. I have spotted a smaller head and shoulders pattern (0vert last 8 days) forming on the a pull back of the EURNOK downtrend which began this time last year. The 1D trend line (orange) was recently broken up and then back down, the most recent wick up failed on the 25th and lost momentum suggesting a considerable number of swing buyers have left the market, allowing the selling pressure to increase. The 100ma is in our favour as well as the TDI indicator which is turning bearish overall. We're looking for solid confirmation of the neckline and the 100ma being broken (especially whichever comes last) before we enter this as price could simply be ranging irregularly and catch us out. Be careful entering this on Monday as there's more fakeouts at market open. If you get in this trade around the entry shown on my screen, I would set: TP1: 50pip TP2: 90pip at fib level 1.000 meeting the yearly low and TP3 at 375pip @ fib level 1.618. We're likely going to see a rejection of fib level 1.000 so make sure you break even at tp1. SL at 40-60pip. If we hit TP2 definitely keep a runner as we're on a downtrend and want to see monthly and yearly lows broken. Be careful my slimes Vince / Vmoney
Long
by Vmoney10
AUDUSD 1D 375pip BUY!!! For week starting 29th March 2021Hello I'm new so please suggest any improvements / indicators I could include in my analysis to improve it. Quite a simple one really, plenty of hidden bullish divergence and price is consolidating / ranging in a 400 pip range, we're hoping to catch this buy back up to the top again but if it doesn't go all the way it will at least reach TP1 so make sure you get your stop loss at break even. Macd and stochastic both correlating nicely which is a good sign as always and price is at a double bottom on a support resistance so we can definitely expect a buy as we haven't been this low in a while. Have a good weekend everyone Vince / Vmoney
Long
by Vmoney10
EURNZD 1D 500pip BUY - for week starting 29.3.21Hey guys hope you're doing well reading this. Fib drawn between yearly high and lows - recent spike brought us up by roughly 400pips, we're currently seeing exhausted / rejection candles forming an arch shape, like an upside down "U" which is much clearer on the 4H chart. This is a less common trend reversal pattern, but we can put some faith in it as price is exhausted / rejecting of the 0.618 fibonacci level which is a good sign. This fibonacci level also back tests nicely to show a common area of resistance We can see great divergence on the stochastic and macd indicators suggesting there's an incoming sell move. Price is also at a monthly high so psychologically speaking selling pressure should increase. We'll have to wait this out for confirmation as the Euro has been getting stronger towards the end of this week. For confirmation we can wait until a strong candle crosses and closes below the orange trend line which has only recently been broken for this first time. As always any advice is appreciated Vince / Vmoney
Long
by Vmoney10
USDCHF BUY - IS SIMPLICITY ALL YOU NEED?A lot of room for error as this idea is being published way before the expected move is going to take place. Looks like a bullish flag / rectangle which means on the third low it should shoot up, hopefully all the way to the weekly trend line where I can then ride a sell down. This will probably never happen- but wishful thinking is the key to success. So is simplicity all you need? We'll find out in a week or two or three yolo, Vince.
Long
by Vmoney10
2
ETHUSD ENTRIESETH is about to touch all time high resistance back in the middle of February. I believe that ETH not only kiss the resistance but bypass it and continue to moon. Correction seems to be over. But as always, nothing is guarantee. My Simple price action strategy will assure you with big gains with little losses. Message me if you want to know how to utilize my strategy. Love helping yall achieve what we all want to achieve. When resistance breaks (red) enter for a buy When support breaks (green) enter for a sell. Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south) Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south) COMMENT OR MESSAGE ME IF YOU WANT ME TO EXPLAIN HOW MY SCALPING STRATEGY WORKS FOR THE 15M-1HR TIMEFRAME
BITSTAMP:ETHUSDLong
by HustlersCircleFX
Where are you at?Hey guys! Let's have a look on GU of 4H timeframe. Now we are sitting on the main level of resistance (4H and Daily as well). Gonna wait for new impulse to the upside according to our trend. But on a Daily timeframe we can notice ascending nature (channel) and we know this is reversal pattern. So the new impulse to the upside should appear and then wait for a retrace candle on 4H timeframe to get a short position. There are a lot of space on Daily timeframe to get to our main level of support 1.3400. Let's go!
by Infinity_Limits_Trade