USDCAD, If closes above resistance, 130 pips growth expectedPlease Support this Idea with LIKE if it is Useful....
USDCAD
The price is trying to break above support/resistance structure, If it manages to break & close above resistance I expect the price to move higher for 130 pips.
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Wavetrader
NZDUSD to fall back to the support, 120 pips fall expectedPlease Support this Idea with LIKE if it is Useful....
NZDUSD
The price is trying to break below the wedge shaped structure I expect the price to move lower for 120 pips.
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TESLA making breakout of Triangle & printing Bullish EngulfingPlease Support this Idea with LIKE if it is Useful....
TESLA
the stock will officially enter the S&P500 index on Dec. 21, The price is making a breakout of the triangle pattern, and price is also printing a strong bullish engulfing pattern, All this indicates the start of a new bull trend for tesla.
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CADJPY approaching support level, buy from support for +120 pipsPlease Support this Idea with LIKE if it is Useful....
CADJPY
The price is approaching Support level , I expect the price to grow for about +120 more pips.
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EURUSD to fall from the trendline, 200 pips sharp fall to come
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EURUSD
previously the trendline act as a support or resistance for the price, I expect the price to move lower after touching the trendline.
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AUDCAD breaking the wedge pattern, 150+ pips fall expectedPlease Support this Idea with LIKE if it is Useful....
AUDCAD
The price is rejecting from resistance structure ,and price is trying to break below the wedge shaped structure I expect the price to move lower for 170 pips.
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Pound/Dollar Buy setupExpert the Risk Tone to be the major currency driver.
The Key is for fundamental analysis to in line with the technical.
* If there is any progress regarding the brexit talks, that will be the major currency driver.
* If there's any progression with the economic opening as well and deescalation with the USA/CHINA war to move the trade.
Thank You in Advance.
SHORT-TERM SELL TO THE USUAL LONG TERM BUYWith recent study of how market behaves for every year end cross over gold market usual show a strong buy at the end of the year.
This is caused by the purchasing of gifts and money circulating across all currencies.
Back testing this strategy which I was enlighted by a friend of mine. I feel it is the safest long term buy which we all can take advantage of the long term buy.
So looking at the period form 01st DEC to the 30th FEB the market moves 200 - 300pips, here are some examples of year end crossovers:
2016 - 264pips
2017 - 255
2018 - 224
2019 - 290
2020 - 226 (possiblity)
SHORT TERM SELL
Entry = 1487.00 - 1492.00
SL = 1503
TP 1 = 1431.00
TP 2 = 1414.00
TP 3 = 1403.50
LONG TERM BUY
Entry = 1403.00 - 1414.00
SL = Any Below 1382.00 (Due to previous rejection)
TP 1 = 1479.00
TP 2 = 1496.50
TP 3 = 1540.00 - 1550.00
#NB : FOR EDUCATIONAL PURPOSE ONLY
GBPJPY - Easy Opportunities (Educational)Was having a look at GBPJPY and there were SO many opportunities which required very small stop losses and made perfect sense.
1. Double bottom, Long to previous top = 900 pips
2. Descending channel, Long to previous top = 390 pips (break out strategy or you could go for double bottom within the channel)
3. Previous highs acting as support. Long to recent high = 220 pips
4. Ascending wedge ranges = 227 pips
Altogether = 1737 pips in 44 days. High probability trades aswell on just ONE pair.
You could've even played the channel ranges in the descending channel for even more pips (Trade 2)
Note to self: Trading isn't difficult if you can make sense of what's happening on the chart. Find the best opportunities and hold.