andrew-profit-trader-winner

andrew-profit-trader-winner

Observation: Price move inside the Triangular Contraction and is now at the edge of Dynamic Resistance. Analysis: Price may either break or bounce at Dynamic Resistance. Conclusion: Opportunity to SHORT with tight stop loss.

andrew-profit-trader-winner

Observation: Price moves in a Triangular Contraction. 200MA moves upward as price keeps testing its support. Price downward slope decrease as it goes near the corner of the triangle. Low probability for price to move at the downward channel as the market has now decided to be in consolidation, contraction means there is some agreement between the price of sellers...

andrew-profit-trader-winner Updated 

Observation: Price moves in a Downward Channel. Bears is in control. No sign of bull candlestick pattern. Price near dynamic support. Analysis: If price breaks dynamic support of downward channel, there is high probability for price to slide down, short. If price retrace at dynamic support & imitate previous move, LONG & TP at middle dynamic resistance....

andrew-profit-trader-winner Updated 

Observation: Bears in control. No sign of bulls in the chart. Price turns away from testing the dynamic resistance. Price broke previous low level. Price broke both Small Triangular Contraction Downward and Large Triangular Contraction. Analysis: Price drops down to next support area level @ 133 Conclusion: Short with tight stop loss at previous lower high @...

andrew-profit-trader-winner Updated 

Observation: Price on a downward channel. Price bounce off dynamic resistance with a bearish pinbar. Price below 200ma. Long upper wick means strong price rejection upward followed by red candle bar. Analysis: Price respects dynamic resistance has high probability it will move inside downward channel. If price keeps creeping near dynamic resistance, expect a...

andrew-profit-trader-winner Updated 

Observation: Price breakout from RSI Overbought&Oversold. Price nearly touching 200MA. RSI slope downward formed a downward channel Analysis: Price moving above 200MA now returns either for a bounce or a breakout leading to strong downwrd movement. If price breaks RSI channel, making it more oversold, SHORT. If price follows RSI channel, wait for retracement at...

andrew-profit-trader-winner Updated 

Observation: 116.09 is a level where price favorite breaking out of a trend. Bears are in control of the market with previous lower lows and lower highs. Analysis: If price respect small upward channel a great drop will happen and reach the next support level at 112.22 Conclusion: Short now if aggressive Short at retracement when price hits dynamic resistance of...

andrew-profit-trader-winner Updated 

Observation: Price Action inside upward channel and now is going down at dynamic support. Analysis: Price Action will go inside the small upward channel, upward & downward slope copied from previous price action. RSI overbought. Conclusion: High probability of price respecting dynamic support (blue line) and therefore go for long. Strategy: On Monday, wait for...

andrew-profit-trader-winner Updated 

Observation: Price action is inside the triangular contraction and downtrend channel. Analysis: If the price stops at dynamic downtrend channel or breaks 110.015, it then confirms the downtrend channel. Expect price to go down till dynamic support of triangular contraction. If the price pulls back at 110.015 or pulls back at 115.437, then expect price to move...

andrew-profit-trader-winner Updated 

Observation: - Price action from previous Strong Downtrend - Market Sentiment @ 1244.01 Analysis - If price action breaks @ 1262.79 = high probability of END of downtrend - If price action breaks @ 1203.24 = high probability of price reversal at 1126.52 Conclusion: Watch for more signs in the market.

andrew-profit-trader-winner Updated 

Price action touch dynamic resistance of the Ascending Channel, It looks like it is forming a Head & Shoulders pattern. Decision to be made due to Triangular Contraction captured the price movement. Price action higher prediction will go down and touch the dynamic support of the Ascending Channel.

andrew-profit-trader-winner Updated 

Check what candlestick form will appear at the surplus zone. If Price action breaks both dynamic resistance on descending channel and surplus zone, go for long, if not, price action will play on the limits of the descending channel.

andrew-profit-trader-winner Updated 

(Stop Loss @ 0.00855) equal to Support Area, less than than means price action enters bear market. (Take Profit @ 0.00864) inside the wedge, as my trade setup is Risk/Reward Ratio 4.66

andrew-profit-trader-winner

Observation: Price moves inside an upward channel. Price broke though consolidation stage at April 4, 2017. Market now decides whether to break the channel or respect it's dynamic support. Dynamic support is made from candle wicks and not from body of candle No sign of bulls. Analysis: Dynamic Support is weak because it was constructed by wicks of the candle, not...

andrew-profit-trader-winner Updated 

Analysis - Price Action getting away from Recent Surplus Zone (downtrend) - Recent Surplus Zone indicated by (x) supported by Historical Market Sentiment (many hits on these areas) - Recent Shortage Zone established Conclusion - High probability of profiting by placing Short Order. Strategy: - Take Profit @ 105.239 once Price Action touch Recent Shortage...

andrew-profit-trader-winner

Observation: Price action is either low volatility or high volatility. Price action is locked in a corner of the big triangle. Analysis: Price action is now in low volatility waiting for a big wave to happen. Peaceful movement is the best preparation time. Conclusion: Hedge both Long and Short is in high probability one will get hit. Do not forget to place stop...

andrew-profit-trader-winner

Observation: Price action formed both Triangular Contraction and a Channel Uptrend. Analysis: If price breaks through the dynamic resistance, a channel uptrend is confirmed and go for long and price target at the upper resistance of the channel. If the price stays quiet on the Triangular contraction for 4 to 5 months (small volatility), then be ready for a...

andrew-profit-trader-winner

Observation: Price movement near the end of the Descending Triangular Contraction Analysis: Long Breakout if price breaks 3 barriers namely 1.Two previous peak of the price movement formed resistance (surplus) area 2. Dynamic resistance 3. Previous Waves - if momentum is strong in this area, price could actually break the other two waves remaining to...