MasterChef23

MasterChef23 Updated 

Hello everyone, hope you are doing well. Even though this has been proven to be a strong line of support we should not be surprised if this trade falls further. Get your stop losses ready and keep an eye out for this trade if you plan on longing it. I have every reason as to why this is a very bearish trade and just because it is on past support does not mean it...

MasterChef23

Alright you guys I have up to three reasons why you should short this trade right now. 1.) This currency pair has tested the resistance line multiple times and has failed to break through. 2.) This currency pair is showing that it was an ascending wedge and has seeped through the diagonal support line it was riding. 3.) The hidden divergence shows many bearish...

MasterChef23

Alright you guys, we have a very bearish signal here. The descending wedge played through and it should come back up and re test that past diagonal support. This would be a trade that you can sit on for a solid day or two and get great profit from. Currently, I am in USDCAD trying to short that but if you are not in this trade definitely hop in. ~JS

MasterChef23

How's it going everyone. Long time no trade, it's been a while since I have traded kinda did not want to put money into the market if I do not have time for it but this seems like a pretty solid trade to long. Just gonna wait for the four hour confirmation to form and check other USD charts to see what is going on. For now I am thinking to long but we will see....

MasterChef23

What is up everyone, long time no talk. Gonna post this trade up since we do have a confirmed double top on the four hour. Not only is there an obvious double top being shown but on the daily chart, we can see we had a bearish engulfer as well. Stop-loss is a very small window and I think it should be but I am pretty confident that this trade will reach support...

MasterChef23

This in regards to my last post

MasterChef23 Updated 

The overall trend here on EUR USD is a downward channel. IF EUR USD can not break through the downward trend line than I believe this is an excellent time to short. The four hour has a closer look of what we should do in terms of conformation, but so far with one hour left I believe this currency pair will fall. It could even come down to past support. I am not...

MasterChef23

Alright you guys here we have an descending triangle. And the downward trend line seems to be very reliable since this is the 5th touch on this currency pair. It may come down to support I would take profit when it does and this trade will try to make one last push. Keep in mind on the monthly chart this is a ascending triangle. Check out my recent posts on EUR...

MasterChef23

EUR CAD is going to break through its past support soon but before it does I believe it will have one last push. The support has been respected multiple times in the past and it will again. I would not try to long this trade for too long because you should be ready to short at some point with this currency pair. Now is a great time to enter the trade but try...

MasterChef23

Here are my thoughts for this currency pair. I believe in the overall view we have an ascending triangle. BUT on a much shorter time frame we actually have a descending triangle. There is going to be so much opportunity on this pair and I think we need to take advantage of the situation. I will show you in my next post of what we should do but for now I will be...

MasterChef23

Hey you guys, I believe the best thing to do here is wait for an opportunity to short this currency pair. It is a descending triangle so I would wait for a proper opportunity to enter in. That would be when the currency pair reaches the blue trend line the I placed that is being used as a form of resistance. Just keep an eye out and be ready to short.

MasterChef23

Hello my brother and sisters. I’m sorry for not updating everyone on trades I’ve been really busy with my dental application but also with what’s going on in the US. With everything going on it’s been hard trying to stay focused but I mean.. the one thing I can do is try to gain profit from everything going on.. I think anything involving the USD will outcompete...

MasterChef23

Man this week is tough but there is a lot of profit that is there. Going to be mainly focusing on EUR USD USD CAD and USDDKK, for this trade I do believe now would be a good time to short this trade. I do not thing a break out through the descending wedge will occur yet, but, I am pretty sure this currency should fall for a short period of time. Hopefully we can...

MasterChef23

Things can get tricky in the market and there are times where I need to stop being greedy and start taking profit when I should. In this trade I feel pretty comfortable shorting. Reasons why: 1.) This resistance has been tested not twice but three times before and each time has shown to cause this currency to fall. 2.) Was on an ascending wedge and is currently...

MasterChef23

Alright you guys, its been a tough time with trading but hopefully we can gain profit in this trade. My opinion I am looking for a short term gain, I do not want to stay in this trade for too long but with seeing this trade be tested by this resistance line twice and falling each time the same thing should happen here. How far down can we short this position? Not...

MasterChef23

GUYS is this not cup and handle?????? I swear if this hits above 10.7K on the four hour and closes God knows how much money I will put in LMAO

MasterChef23

I believe now would be a great time to enter in this trade to short it, to me I think on a weekly chart we see a descending triangle and currently it is getting closer to breaking below it's original support line. This current resistance it is trying to fight through has been well respected multiple times. No reason why you should not try to short this trade and...

MasterChef23

Not sure about everyone else but this week has been a bit difficult for me and I hope my 40 followers will be patient with me in terms of my posts. I am still new to trading and only have been trading for a month so please patient and understand that this is still a learning process for me. For this trade I will be listing why I believe it should be a great...