Tradingstrategy
Centrifuge Token Now Hitting Huge Resistance! Here's How I TradeTraders,
Can't remember if I recommended this coin in my "This Week's Hotness" video or if this was simply a trade I put out to my Paid Subscriber Group? In any case, I was entered this trade only hour before Target #1 was reached at 56.8 cents. Some of my paid subs set their sell limit there and took profits. Others, like me, missed that opportunity and had to wait another day. That's ok though. One day later Target #2 was achieved at the 100 day moving average, where, quite honestly, I took my 28% profits and ran.
However, CFG/WCFG was not done yet. It has managed to pump all the way past .80 cents (at the time of this writing) which indicates significant resistance. So, going forward, here's what I am looking at.
I think CFG has now met it's match at that .80 cents resistance. Despite my name, I am not a profit. However, probability does suggest we'll retreat now. Possibly coming all the way back down to that 100 day moving average at 65 cents and descending.
Those with patience will be rewarded with a nice re-entry target here.
And if it doesn't make it down that far, that's okay. Plenty of opportunities out there right now guys. Stay tuned.
- Stewdam.us
nzdcad forex trading nzdcad is in a crucial demand area, in that area it can be seen that it has the potential to become the neckline area of the double top, but this is also a pretty good potential if it can become a buy area and the price will move towards the upper supply area and continue rising
gbpjpy trading plangbpjpy has successfully completed the fake out set up so it will move up but above there is already an h4 resistance with supply still being touched once, this can create an opportunity to counter the trend so you will get a decent profit
the small supply area at 157.6 - 157.7 will be the best sell entry area for me, but remember to see if there is confirmation or not
eurusd low risk intraday I see that there is a tendency to increase prices like what I analyzed yesterday, I see a low risk area with a pretty good entry point, whether it works or not, but I think it's worth a try
I will research this technique further to get a good risk reward and those of you who read this analysis will be living witnesses of my trading technique