Hey Rich Friends, Happy Tuesday! Here is my technical analysis for USDCAD. Always check the news and cross-reference the indicators on your chart before entering any trades. I think that there are opportunities to sell and here is what I am looking at: - The market has already rejected a previous supply zone on the weekly time frame - There is an evening star...
Hey Rich Friends, I think EU will be buying this week. Please remember that this is only a technical analysis, so check the news and cross-reference your chart and indicators. Here is what I am looking at: - The market has already rejected a previous demand zone causing the price to continue to buy - The 3 EMA (blue) has crossed above the 10 EMA (purple) on...
Hey Rich Friends, Happy Wednesday! I wanted to share one of my top 3 favorite indicators with you.... The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details. Adding the STOCH to your chart: 1. Search the indicators for "STOCHASTIC" and click once to...
Hey Rich Friends, Happy 2nd Quarter! I wanted to share my technical analysis of GBPUSD on the H4 timeframe. Make sure that you check the indicators on your chart and check the news. Here is what I am looking at: - The candles have already rejected the previous supply zone - It looks like a bearish harami candle pattern is forming - The stochastic looks like...
Hey Rich Friends, Happy Monday! It's a new week which means many new opportunities to get into the market...but it doesn't mean that you have to take all of them. Make sure you focus on finding the best setups by sticking to your plan and following your confirmation checklist. The best out of 25 will give you a good idea of your win/loss ratio. If you are...
Hey Rich Friends, I forgot to post the initial idea for this EU Bearish move but I was happy to see the market went in my favor! I analyzed the market around 10:00 AM EST on July 24, 2003, to get my confirmations and set a sell limit at 1.10850. When I am looking for a sale, here are the things I look for with my strategy: 1. Candles are forming below one or...
- Bullish engulfing candle crossed above the 200 EMA. Bullish conditions met. - MOM facing up and above 0. Bullish conditions met. - STOCH facing up and the blue line is above the orange line. Bullish conditions met Buy At Market Execution Or Buy Limit At 0.62100 Or Lower SL: 0.61700 OR LOWER (40 pips or more) TP 1: 0.62500 (40 pips) 1:1RR TP 2: 0.62700 (60...
NZDUSD took a while to make this move but it finally happened! - Structure was broken on the upside confirming the Bullish trend. - Green candles crossed above both EMAs (50 and 200). Bullish conditions met. - MOM facing up and above the 0 line. Bullish conditions met. - STOCH facing up and above 50. Bullish conditions met. TP 1 and TP 2 HIT. TP 3 PENDING
- Structure was broken on the upside confirming the Bullish trend. - Green candles crossed above both EMAs (50 and 200). Bullish conditions met. - MOM facing up and above the 0 line. Bullish conditions met. - STOCH facing up and above 50. Bullish conditions met.
Looking at the EU to finally continue buying at Market Execution or Buy Limit at 1.10900. - SL 1.10500 (40 PIPS) // TP 1.11300 (40 PIPS) - Structure is broken on the upside. Bullish conditions met. - MOM facing up and above 0. Bullish conditions met. - STOCH facing up and above 50. The blue line is above the orange line. Bullish conditions met. Please use...
EU did return to my buy limit entry and hit my 40 pip TP. Original idea: Market Execution or Buy Limit at 1.10900. - SL 1.10500 (40 PIPS) // TP 1.11300 (40 PIPS) - Structure is broken on the upside. Bullish conditions met. - MOM facing up and above 0. Bullish conditions met. - STOCH facing up and above 50. The blue line is above the orange line. Bullish...
The main reason I decided to sell at Market Execution is because: 1. Candles are below both EMAs. 2. MOM is facing down and below 0. 3. STOCH is below 50. SL: 0.62550 OR HIGHER (40 pips or more) TP 1: 0.61750 (40 pips) 1:1RR TP 2: 0.61550 (60 pips) 1:1.5RR TP 3: 0.61350 (80 pips) 1:2RR Result: Pending Please Do Your Own Analysis And Use Proper Risk...
Small Bearish move made on NU! 40 pips secured from Sell Limit idea at 0.62150 SL: 0.62550 OR HIGHER (40 pips or more) TP 1: 0.61750 (+40 pips) 1:1RR TP 2: 0.61550 (60 pips) 1:1.5RR TP 3: 0.61350 (80 pips) 1:2RR Result: TP 1 HIT! ✅
Bearish idea complete! All 3 TPs were hit. 80 pips secured from Sell Limit idea at 0.62150 SL: 0.62550 OR HIGHER (40 pips or more) TP 1: 0.61750 (+40 pips) 1:1RR TP 2: 0.61550 (60 pips) 1:1.5RR TP 3: 0.61350 (80 pips) 1:2RR
Potential SELL AT MARKET EXECUTION OR SELL STOP AT 0.67100 OR HIGHER SL: 0.67500 OR HIGHER (40 pips or more) TP 1: 0.66700 (40 pips) 1:1RR TP 2: 0.66300 (80 pips) 1:2RR - Candles crossing below 200 EMA and the structure has been broken on the downside. Bearish condition met. - MOM facing down. Bearish condition met. - STOCH facing down and below 0. Bearish...
Potential SELL AT MARKET EXECUTION OR SELL STOP AT 0.67100 OR HIGHER SL: 0.67500 OR HIGHER (40 pips or more) TP 1: 0.66700 (40 pips) 1:1RR TP 2: 0.66300 (80 pips) 1:2RR - Candles crossing below 200 EMA and the structure has been broken on the downside. Bearish condition met. - MOM facing down. Bearish condition met. - STOCH facing down and below 0. Bearish...
AUDUSD is looking like it will continue to sell. It is already below the 200 EMA and has just broken structure on the downside by crossing below the 50 EMA. - MOM looks like it is on the 0 line but it is actually negative which for me is a bearish confirmation. -STOCH is below 50, facing down and the orange line is above the blue. These are also bearish...
AUDUSD actually did rapidly sell after the rate announcement at 12:30 AM EST. It is already below the 200 EMA and has just broken structure on the downside by crossing below the 50 EMA. - MOM looks like it is on the 0 line but it is actually negative which for me is a bearish confirmation. -STOCH is below 50, facing down and the orange line is above the blue....