ForexCollege

ForexCollege

BTCUSD daily, if we consider that on this time frame this asset formed a Head and Shoulder pattern and if we take the height of this pattern and project it to the break of the neckline we can see that there is still enough room to move lower.

ForexCollege

If the vaccine and booster shots don't start working soon, and they can prove that it is really effective we might possibly see this share price go to ZERO. On a personal level, if that happens we might see the virus infections dissapear completely. Always consider what the price can possibly do. This is for educational purposes and should not seen as trading advice.

ForexCollege

Here we have a classic Head and Shoulder pattern. When the news surfaced that MacDonald's will close shop and still pay employees, there was already a tentative Head and Shoulder reversal pattern. Buyers got out taking profits and sellers got in riding the wave down. This is trading. There are always great opportunities even in the worst of times.

ForexCollege

Can this be an accumulation phase and are the buyers ready to participate? More buyers will mean the price will go up. Or is this just a breather period before, more seller join and push the price lower. Like to find out more contact us. Happy trading.

ForexCollege Updated 

Here we have a triangle pattern, and our high probability move anticipated is bearish, so we expect a drop in price. From the price action at the start of the triangle we can see heavy bearish action and this is normally and indication that the bearish trend may continue. Happy trading

ForexCollege Updated 

Our bias here is bearish and we anticipate that a down move will be a high probability. However, with triangles we don't really care about the direction, we only cares about a breakout, or breakdown. Two ways to trade this is with pending orders above and below areas of importance, or wait for the break and trade on confirmation, the later might keep you from...

ForexCollege Updated 

Have a tentative inverse head and shoulder pattern, and will try to get in if this I-H&S is confirmed. Should the I-H&S not playout as anticipated then we will follow the bears down. Always consider what the price can possibly do, currently our high probability is bearish for now.

ForexCollege

USDZAR is one of the most volatile currency pairs, but also one of the most lucrative currencies to trade. We anticipate that a higher move is more probable, however we always consider what the price can possibly do. Trading is as simple as 4 phases, you just need to learn where the price is at and then trade accordingly. Like to learn more about us? visit our...

ForexCollege Updated 

Here we have lower lows and a lower high, indicating a possible bearish move. From our previous analysis this instrument showed signs of weakness and we might see more sellers getting into this market, with supply forcing prices lower. Again we consider the possible moves the price can make, and we will listen to our candlestick storytellers around areas of...

ForexCollege Updated 

On this 1-hour chart of Silver we consider all possible moves the price can make. Even though we have no clear direction yet, we will follow the price as it develops. For a solid bear we need lower highs and lower lows, that we don't have yet. Around areas of importance (support and resistance) we will listen to the candlestick storytellers. Trading is simple but...

ForexCollege Updated 

Here on Gold we have a tentative (in the making) Head and Shoulder pattern, it is not confirmed yet. Between the head and the right shoulder we have a triangle forming. Triangles are not necessarily continuation patterns, we trade triangle both ways, however we do go for the higher probability setups, looking at where the triangle is forming within a channel or...

ForexCollege Updated 

Our high probability trade set up is bullish, however a break below the uptrend line will let us look for lower highs and lower lows before we will change our bias to bearish. For now we trade in the direction of the channel. Always consider what the price might do, your highest probability trade setup, calculate your trade and trust the trading concept. This is...

ForexCollege Updated 

Rising wedge reversal pattern. We have this rising wedge pattern forming pretty close to a resistance area. As we always say, consider where the price is at, consider what the market can possibly do, select the outcome with the highest probability. In this case with the reversal pattern at or near a resistance, we will consider a Sell trade as the high probability...

ForexCollege

When we traders talk about hedging, it means we trade in the opposite direction of our original trade. To hedge against a long/buy trade, we will execute short/sell trade when there are pullbacks. This is a highly effective and profitable trading concept. Just like all other trading concepts you have to practice the concept extensively to build experience in order...

ForexCollege Updated 

At the the time China started to impose steel curbs a Head and Shoulder pattern was clearly visible, on KIO and most traders, got out with good profits. However the profit taking did not stop here. There is something called technical trading and speculation and the traders went Short/Selling the price. With more imposed steel curbs the price continued down...

ForexCollege Updated 

On this 15 min chart we can see a proper Inverse Head and Shoulder Pattern, but this is not all after the higher low we notice a triangle pattern formed at the right shoulder of the IHS pattern, more indication that the bull move will continue, target indicated by up arrow line. From experience wee know that a break of the neckline is not n break if not confirmed....

ForexCollege Updated 

Can we possible see a bearish move on Gold? Looking at this 1h chart we can see a Head and Shoulder pattern in the making. Now remember a pattern is not a pattern until confirmed. In this case we will wait for a break of the neck line, and we can see that our downside target (head neckline projection) falls at a support area. Form experience we've learned that if...

ForexCollege Updated 

Looking at this 1h chart on Silver we get the idea that n triple top pattern might be forming, but we do know that a pattern is not a pattern until confirmed. Price is currently at the support are of the patter, and it can be traded in 3 ways, we can place pending order to sell below support area, or wait forbreak of support and then a pullback to the support...