Hi friends, another @FollowMyForex trend trade just triggered on the GBPCHF, following solid momentum with the current uptrend. This trade carries a 3-to-1 reward to risk ratio. We keep talking about these amazing risk/reward ratios but it really cannot be overstated. Trend trading has so much going for it, this being one of our favorites. Currently entered...
Has been in consolidation for a couple weeks now. There has been multiple reversal patterns off the MA followed by a stop hunt for shorts. Looking to ride trade back into structure @ 0.67 then eventually make lower lows.
ktos edging closer to the current overall trend line, will it crash thru and go lower, or bounce?
My chart shows a lot of room for a quick correction. I won't be taking the trade as Bitcoin is obviously in a uptrend and the trend is your friend (until it ends). However, there is a lot of room down to 8450 and that would fill the CME gap to boot! If your brave and ready to move quickly (I expect a violent reaction off of the virgin POC around 8450/8500) -...
UJ seems to be in an uptrend at the moment, price has made a slight retracement and we could see a deeper retracement before price continues upward. Now I wait for a push up or a further push down into a fibonacci level, THEN a push up. Either way there are no shorts in the works for me anytime soon.
The aussie looks like its gaining some strength! This in an idea, not a signal. Happy trading!
So, I don't know if Newton's 3rd Law applies to trading, but maybe it does. I do know that I probably used the pitchforks wrong according to whatever rules you "PRO" traders follow, but using things wrong doesn't really mean shit if the end result is right. Not saying I'm right in this case, but shit happens. Let's see if shit happens... Downtrend fork has a...
For my reference: Green triangle = buy and hold Pink triangle = sell
Today the GBPUSD pair gives excellent shots to make money in trend. You can buy from the current, that is, around 1,3100. As for profits, since the work is in trend, it is necessary to keep buying until the appearance of reversal signals. But partial fixation can be carried out at about 1.3250. Since the recommendation is intraday, the “Ranger” indicator can be...
When GBPUSD reaches the top of the trend-line I am looking to short this for a big drop. Confluences: - Approaching major trend-line - Shark pattern completion - Entry price will be at the 88.6% from X (previous touch of the trendline), so the trend-line holding since July remains valid.
If you didn't buy BTC at $3150 like we told you, then again at $3,500 (Dec 27th), you've got a new opportunity. Low 3300's buy in is a safe bet with good support in a falling (bull) wedge. Wait patiently, please like this chart and follow me, and I will update when it a good time to buy in. We are long in the bigger picture right now to $5-6ks, please see my...
Since the end of November BTC has been trapped inside a equilateral triangle - a hugely significant one, since it is formed along the falling wedge which has been a powerful factor in BTC since March 2018. We are currently 8 weeks (or 73%) into a maximum of 11 weeks before the equilateral triangle converges. Since breakouts most often occur 75-80% into triangles,...
Potential pullback to trend line and continuation of existing bearish trend.
The best option of trading, in our view, is work on trend. In order to evaluate current price movements in terms of availability of trend there, it direction and force, our specialists developed set of unique incomparable indicators. You can find its description below. Today we will talk about USDJPY pair. We simultaneously have a number of signals on the...
After a major down, the market stopped at around 108 by overcoming this support, we can expect another down to 107.5 or up to 107 where is GAP .
You've heard it so many times "greedy when others are fearful", but fear takes hold and sways your judgement. What are the common sense clues? The talking heads are trying to "call" the recession before it happens simply for an "I told you so" moment, but where were they before 2008 and earlier? Why can't we make some serious profits after 10 years of an...
As we make the "Three Drives Pattern", the bear shorts will come in even heavier - one final time We have an obvious ascending channel and we need to follow the trend. Weekends are typically higher probability for bull runs. Stocks are climbing Fundamental Analysis: Retails investors don't want to miss out on "the bottom", even though this is not the...