MasterChef23

MasterChef23 Updated 

Double top formation, I think this will be a good time to short this trade until the end of the day. Just trying to gain profit from this trade and hopefully gain something from it.

MasterChef23

In my past post I spoke about the double top and now overall on the day to day chart we can see the descending triangle. I plan on taking profit at 1.386, and waiting to see what will occur. IT could break down past the overall day to day support OR form a double bottom and try to make one last bounce upward. whatever it may be we can all see something big will...

MasterChef23

Alright you guys, here we had a double top that is confirmed and did break through the neck line. I think if you are not in a trade yet get into this one ASAP. Also, look at the big picture. This is a descending triangle, not a descending wedge. Pay attention to what can happen, this will reach down towards its true support and if it does take your profit and...

MasterChef23

Here we had a double bottom form as well as this currency running through the descending wedge. This is very bullish trade and hopefully this will be the time it breaks through the descending wedge. Good luck to everyone out there message me if you have questions on USDCAD & USDDKK ~JS

MasterChef23

Double top formation, plan on taking profit out near the neck line of the double top. Hopefully I can take profit lmao. rough week but gotta bounce back. ~JS

MasterChef23

Here is a possible double bottom, Im gonna take the risk and try to gain profit from this trade. Lesson to be learned, do not go into a trade if you are not committed to it. I gained 200% profit last week with leverage and now I am back down at ground 0. This is frustrating but this is what comes with learning how to trade. When I now I am in a trade I try to eye...

MasterChef23

Broke through the descending wedge and now resting on the new formed support. Pretty sure everyone sees this as an opportunity to long this trade. I think we should all follow the same path. ~JS

MasterChef23

Definitely going to be longing this trade for a little while. Not sure when I should take profit out but hopefully this can follow the reverse head and shoulder trend. ~JS Just an update to everyone, my main goal here is to gain at least 50% profit every other week, or every week if possible. I don't think we should be looking to make 50$ or 1000$ a trade. I...

MasterChef23

Previously I believed we should short this trade and wait until it would reach a form of support. What we could be looking at here is a reverse head and shoulder position to long this trade. Or it could just shoot right back down. I think if you were shorting this position you should take out your funds and keep an eye out of what will occur next. ~JS

MasterChef23

Possible descending triangle here, as well as the double top. Very bearish shorting this trade.

MasterChef23

Going to be shorting this trade gonna try to take some profit as soon as I can. I think it is currently in an ascending wedge, and a double top, a possible head and shoulder can form and this looks like a very bearish trade. Hopefully we can gain some profit on this good luck out there. ~JS

MasterChef23

This is a formation of a double bottom I believe, still not too sure. What is frustrating about this trade is that I placed and entry order to long this trade at 6.80240 and for some reason it has been triggered.... And now it is saying I am down 170 pips? Not sure why, it even says on oanda that the USDDKK is at 6.78504. Its very frustrating to see and I am not...

MasterChef23

Is it me or is this an obvious double bottom? I feel like putting in my order now but it seems too soon. I might wait for the four hour to close in than add in my order but not sure yet. Let me know if this is a true double bottom or not.

MasterChef23

I think we are seeing a formation of an ascending triangle. This could be a break out or easily fall in the other direction. gonna keep watch on this trade and try to sit on it for a while.

MasterChef23

Overall a strong descending wedge, gonna wait and see what will happen not sure yet.

MasterChef23

Alright you guys I took my profits out now to just sit back and see what will happen. I am going to make an estimated guess that the trend will try to reach towards the red support line that I had drawn and will bounce further down. OR it could break through its new resistance line and bounce up towards that blue resistance line I have for the overall descending...

MasterChef23

Hmmmm, it did form an ascending wedge, my guess is that this should crash down, not sure when. We can easily see that it did break its support causing it to become the new resistance. My guess is that it will try to make a final push towards its new resistance and than shoot right back down. Maybe now would be a good time to try to long this trade and...

MasterChef23

Obvious ascending wedge here, I think it might break out soon especially with what is going on in the U.S. I don't think anyone should put orders in yet. Maybe wait a few more hours but we will see or when this on the verge to hit a low. But to be honest we may be too late in this trade and it could potentially break out.