SILVER On The Rise! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 22.689
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 23.081
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Trading-signals
GOLD Under Pressure! SELL!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2054.8 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2037.9
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
NATGAS Trading Opportunity! BUY!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 2.092 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.423
Safe Stop Loss - 1.906
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURUSD My Opinion! BUY!
My dear followers,
I analysed this chart on EURUSD and concluded the following:
The market is trading on 1.0786 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0832
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDUSD Massive Short! SELL!
My dear friends,
Please, find my technical outlook for NZDUSD below:
The price is coiling around a solid key level - 0.6155
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clears ell, giving a perfect indicators' convergence.
Goal - 0.6119
Safe Stop Loss - 0.6178
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
USDCAD Set To Grow! BUY!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3374
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3455
My Stop Loss - 1.3327
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CHFJPY On The Rise! BUY!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 170.01 pivot level.
Bias - Bullish
My Stop Loss - 169.51
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish
Target - 170.90
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPNZD Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The instrument tests an important psychological level 2.0711
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.0805
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURJPY Trading Opportunity! SELL!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 160.18
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 159.87
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURCAD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for EURCAD below:
The instrument tests an important psychological level 1.4560
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4609
Recommended Stop Loss - 1.4533
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GOLD Trading Opportunity! BUY!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2018.5 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2036.0
Recommended Stop Loss - 2010.4
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURUSD What Next? SELL!
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.0831
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0817
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
THREE DRIVES PATTERNThree Drives Pattern is a price pattern that consists of three consecutive changes in the market. The first and third are strong moves in one direction, while the second is weaker and in the opposite direction. The pattern can be used in trading to determine direction and predict optimal entry-exit points. Below we take a closer look at what this tool is, how it is formed and how to trade it correctly.
What is the Three Drive Pattern?
• Three Drives Pattern in trading is a reversal pattern formed from three consecutive price movements in the market:
• First is an up or down swing that creates a trend;
• The second is a correction of the trend, which is usually about 50% - 61.8% of the first impulse leg;
• Third resumption of the trend, which is usually in the opposite direction of the correction.
In the case of a bullish trend, the Three Drive Pattern often indicates that the trend is about to end. This is the case because a second downward movement indicates high selling pressure on the market. If the second momentum is strong enough, it can lead to a reversal in the trend. In a bearish trend, the Three Drives Pattern often indicates that a bearish trend may end in a reversal. This is because the second upward movement indicates the following: buyers are starting to put pressure on the market. If the second momentum is strong enough, a trend-reversal scenario is possible.
The harmonic reversal pattern requires a competent approach on the part of the trader. It is important to use it in combination with other technical indicators, not to trade against the trend, and not to enter the market before the completion of the pattern. This means that the second movement is completed, and the market returns to the previous version in the direction of the first movement. The Three Drive Pattern is a useful tool that can be used in trading to determine the direction of the trend and forecast the optimal entry and exit points.
How the Three Drives Pattern is Formed?
Bullish Pattern
The bullish pattern of three movements consists of three consecutive downward impulses. It is formed when market makers place shorts and is formed as follows:
• A strong downward movement, which is usually the beginning of a trend.
• An upward correction in the form of a weaker impulse. Indicates attempts to stop the downtrend by market participants.
• A strong downward movement that exceeds the level of the first move.
Ratios of impulse legs:
First is 1.13 or 1.27;
Second is 0,786;
Third is 1,618.
In the case of a bullish pattern, it is worth considering selling after the completion of the third movement. Additional signals could be a change in indicators, a decrease in trading volume, a break of support, or a resistance level. As in the case discussed above, it is not recommended to use such a tool on its own, trade against the trend, or act early.
As you can see above, the market started the trend with the first downward impulse. Then it experienced an upward correction and resumed the trend with the third downward impulse. We always place a stop loss to protect against losses. After opening a position, wait for a pullback towards the first impulse to close the trade or add another position to it. Take into account that the price may be at the right point, but the pattern still may not work.
Bearish Pattern
A bearish pattern of three movements is a price pattern formed from three impulses showing growth. It is used by traders to find the best point to open a position against the market changes.
• A strong upward movement, which is usually the beginning of a bearish trend.
• A downward correction and a small market reversal that does not reach the level of the first impulse. This may be preceded by the fact that sellers show resistance and try to stop the trend.
• A powerful upward movement that exceeds the level of the first impulse. This indicates that the trend is continuing and that the end of the trend is not imminent.
Impulse legs have the following level:
First move is 1.13 or 1.27;
Second move is 0,786;
Third move is 1,618.
The ratios mentioned are not strict.
The pattern is more reliable if it is accompanied by other signals, such as:
A change in trend direction indicators;
an increase in trading volume;
divergence with an oscillator;
the presence of support below or resistance above.
Always use the tool in combination with other technical indicators to get an accurate prediction. Also, do not trade against the trend.
As you can see on the chart, the market started a bearish trend from the first impulse upwards. After it experienced a downward correction, it did not reach the minimum or level of the first impulse. Finally, the market resumed the trend with the third upward impulse.
How To Trade Using The Three Drives Pattern?
1. Find three consecutive movements on the chart that meet the criteria of the pattern.
2. Do not enter the market until the pattern is complete.
3. Make an entry at the initial point of the third move after it reaches the fibonichci extension level of 127.2% - 161.8%.
4. Place a stop above the 161.8% expansion level to protect losses in case the pattern doesn't work and goes lower or higher.
5. Close the trade when the market reaches the target profit at the 50% - 61.8% retracement of the whole pattern or you can at the level of the start of the first impulse.
As you can see in the chart below, the market started bullish - the first impulse. Then there was a correction, which did not reach the level of the first impulse. Finally, the market resumed the trend and finished with the third impulse, in which the price went down and completed the pattern. Note that the price was at a strong co-contraction level. You can draw a trend line from above. The last element that hinted at a change of trend was the divergence.
Use other technical indicators. The three-move pattern is a valuable tool, but it is not an accurate one. Using other tools, such as trend direction and volume indicators, can help improve the accuracy of your forecasts. Do not trade against the trend. A three-move pattern can be more reliable if it is used to confirm a trend. Be prepared for the pattern not to work like any other technical pattern.
Bottom line
The Three Drive Pattern is a reversal pattern. It can be used to determine the trend direction, as well as to predict potential entry and exit points. The optimal place to open a position is the level of the first impulse, and the exit point is reaching the target profit calculated using the Fibonacci ratio. Trading against the trend is riskier than trading in the direction of original market movement. This is because the price can continue to move in a given direction even if you see a reversal signal. This is why you need to proceed with caution and use other tools to back you up.
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GBPCAD The Target Is UP! BUY!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.7006
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.7099
My Stop Loss - 1.6963
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURCHF Will Explode! BUY!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9349 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9399
Safe Stop Loss - 0.9320
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURGBP Massive Long! BUY!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8524 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8567
Recommended Stop Loss - 1.8501
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURNZD Sellers In Panic! BUY!
My dear subscribers,
This is my opinion on the EURNZD next move:
The instrument tests an important psychological level 1.7706
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7823
My Stop Loss - 1.7647
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURCAD The Target Is UP! BUY!
My dear followers,
I analysed this chart on EURCAD and concluded the following:
The market is trading on 1.4536 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.4607
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURUSD Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0873
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0847
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZDUSD What Next? BUY!
My dear friends,
Please, find my technical outlook for NZDUSD below:
The price is coiling around a solid key level - 0.6091
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.6106
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURUSD Massive Long! BUY!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.0853
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0935
My Stop Loss - 1.0814
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURJPY Technical Analysis! BUY!
My dear subscribers,
My technical analysis for EURJPY is below:
The price is coiling around a solid key level - 159.78.
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 160.68
My Stop Loss - 159.39
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK