TheKingSegun

TheKingSegun

BTC has been rangebound now and nobody clearly knows where price is headed. Luckily as a trader you can make money both ways and your job is to analyze, be prepared and react to whatever price does not to predict where price would go. For me I don't trade ranges and I'm sure range traders must have been having fun of recent. My trade idea is to be patient and...

TheKingSegun

It's quite clear that gold has been in a massive downtrend recently. However last week we saw some bullish momentum to the upside towards 1675. I strongly believe this is just a pullback. Price was simply exhausted and went back to retest a previous level of structure before it continues to sell. This level also aligns with a Fibonacci level. The trade Idea here...

TheKingSegun

EUR CAD has been in consolidation for some days now and I expect a breakout soon. If price decides to continue the downward trend, I wouod go short on the break and retest of current support (likely to turn resistance). However, if price breaks upwards, II would go long on EURCAD. Target would be the previous resistance level above. Just stay patient and watch...

TheKingSegun Updated 

We just had a break above the resistance level. So I'll be waiting for a retest of that level for possible entries to go long.

TheKingSegun Updated 

We took a short position on USDCAD on the 1st of October and we are in good profit so far. However, note that I am trailing stops on this trade. If we see a break and retest of the next support level then it's possible that USDCAD would still go short for some time. I'll be holding on to this position but you can look for entry signals after the break of the 1.245...

TheKingSegun

After the last 1:12 risk-reward we got on this pair, we now have another shorting opportunity. As we can see on the daily chart, EURUSD is in a downtrend and has now retested the recently broken support level now turned resistance. So I'll go down to smaller timeframes like the 4hr or 1hr to look for selling entry at the resistance level. Apply good risk...

TheKingSegun Updated 

As seen on the chart, there is another shorting opportunity on GBPCHF which I am looking to take this week. If you are an aggressive trader, you can enter the market as soon as possible and get the extra pips before the second entry. However, I am a conservative trader and I would be looking for a break and retest of that structure level for more shorting...

TheKingSegun

Price has gotten to an important level in the market. So I'll wait for a bearish reason to enter(probably a candlestick pattern).

TheKingSegun

Possible sell. Not financial advice!!!!!