Apple is beating all time highs like there is no gravity these days. I do not intend to lament the FED, Voodoo economics etc.. I simply say: The current channel is too perfect not to be embraced completely, and, though a bit late to the party, one might consider going long every time the price touches the support. If the FED is printing money, I suggest you ride...
3 day chart shows us that AUDJPY has broken out of the yet another long term downward channel and is now storming new highs following the two diagonal support lines, having the broken channels ex-resistance line as the new ultimate support. The new target level to be tested is the horizontal structure resistance, nearby. The price action suggest that the level...
EUR/USD has broken out of the upward diagonal channel, and ignored the double top it should have formed with the last high. Now, it is entering the big resistance area, thus, despite the recent strength, the target trade is a short +RSI near overbought which is a bearish signal. The pair might move further up from the current level, so I am not giving any...
Oil has broken one of the diagonal support lines, while keeping the diagonal resistance intact. Coupled with the strong horizontal structure just above the current price, and the consequent likely pullback from it, our target trade is a short. As I said, the first diagonal support is already broken, thus: TRADING PLAN: 1-Wait for the second diagonal support...
Oil is approaching an important horizontal structure, which gives a good probability of a retracement from it. Thus, our target trade is short. Trading plan: 1-if the diagonal support breaks>> 2-short with entry in the area outlined on the chart. 3-SL is ABOVE the dotted line. There is a small structure there, so it is safer this way. 4-two takes according...
Gold remains strong, yet has to fight for every inch up. There is a nice neat resistance level here. IF confirmed breakout>>wait for pullback>>long. Two targets+maybe trailing stop for 30% of the position. SL below the level lows. Simple and classy. Thank you for reading, like, subscribe and have a nice day.
The pair has broken out of the long term diagonal resistance, and has successfully retested it. Now, it is moving along the diagonal support line, aiming to retest the horizontal resistance. There is a relatively weak resistance in the red, that the price is in right now, so the probability is less than 50%, but the risk reward is 2:1 so go with 0.7% of the...
Hi there. EURGBP upward channel is unbroken and stands strong.Now there is a comfortable spot for us to enter. However, the price is currently below the relatively strong horizontal resistance area, which, gives us less than 50% probability. Despite that, I say, that the channel is strong, and there cant be a better point for entry than here, from the...
EURUSD has broken out from the bullish flag, up through the diagonal resistance. Therefore, the target trade is long. However, I'd wait for the small horizontal structure breakout, which would be a signal of strength for us. It is important to get a good entry price because there is no reasonable level nearby to place our stops below it, and so one might want...
Ethereum has broken its diagonal support line, and is now trading in a bearish triangle below the very strong resistance. I am looking at a short from the resistance line. This is better than waiting for the triangle breakout, because, if you look at how ethereum is trading, it's downward movements are swift and quick. So I suggest we catch it from the high....
The pair is trading near a breakout area in a triangle, and a push up towards to retest the resistance is possible. Wait for the price to go a bit lower and go long with buy limit. Two targets, two stops. 0.5% both. Thank you for reading, like subscribe and have a nice day!
The pair has broken out of the long term bearish resistance, got above an important mirror level, and is now storming another horizontal structure with the bullish triangle! Trading plan: Wait for the CONFIRMED breakout of the triangle wither way, and then enter the trade after the pullback. The pair either goes hither, or returns to the previous diagonal...
The pair is trading near the massive 5 year downtrend resistance. These ones don't get broken easily, let alone in one go. Therefore, our target trade is a short. However, there is a small horizontal resistance right below it, and the bullish triangle that is now forming is signaling that the market is preparing to break it. TRADING PLAN: Wait for a breakout...
BTC has broken out of the massive triangle, and is now retesting a small horizontal resistance. It has also formed a downward channel. Therefore, a downward movement is reasonable to expect. I offer you two shorts, one, now, based on the horizontal resistance, amplified by after-triangle-breakout pullback. Short 2-a play on the channel resistance+ the broken...
While the pair is trading in a bearish wedge the dead cat bounce is always a good bet, and we are right at the support level. So, long with 2:1 and 4:1 risk reward take profits respectively. The probability is less than 50% but it is compensated by the huge risk reward. If SL hit, wait for the bearish breakout then, and go into a mirror trade. Thank you for...
The pair is trading in a massive upward channel on higher timeframes. It has currently reached the channels support line, and a long term horizontal support too, while being pressed by three lesser resistance lines. Thus, the pair is at the influence lines confluence zone. My take is that the support lines are older and stronger, and it is reasonable to...
READ MY PREVIOUS GOLD SHORT IDEA TO UNDERSTAND THIS ONE BETTER. LINK BELOW THE POST! Gold has formed yet another bullish triangle, signaling it's determination to storm the 1800 ultra level. If so, THE short, from the previous idea stands strong. Here is a bit of a detail: I'll be closely monitoring the price action around the 1800 level, and look for...
Welcome back, friends. Another exciting trading week ahead of us. Let's take a look at the GBPUSD. The pair is trading in the falling channel, and has broken both the horizontal support, turned resistance, and the diagonal support line too. We are now witnessing the retracement up to retest the mirror level+ the channel resistance. Therefore, IF the price...