RlcTrading

RlcTrading Updated 

When we analyze Aud/Cad on the daily, we have left the support area and moving up. If we go to hour 4 , We have the moving average crossover and even though I have not included them in the chart , Full Stochastics has left the oversold area and the Rsi set to a 9 Period has also left the oversold area. I included 2 Take Profits on the chart! If you buy now you...

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We are in a downtrend. We are waiting for the pullback. Do not try to buy the pullback. Past Experience and Past knowledge tells us that when we try to buy the pullbacks , we usually get burned! So in order to catch the sell... Go to hour 1 and draw a trend line under the price action and place your sell order under the trend line.

RlcTrading

Eur Gbp Fell out of a rising wedge on hour 4 and then retested. A high probability sell! SHORT!!!

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Im not sure if this is a Flag Pattern or Falling Wedge. The point is that when these patterns occur during a Uptrend , they have a higher probability to break out of the pattern to the upside than they do the downside. The rules of trading this pattern is to watch price action closely and put a limit order outside of the trend line in order to catch the breakout...

RlcTrading Updated 

After our analysis and entry on hour 4 , we hit around 70 pips on the buy and 22 pips on the pullback sell. Now price has moved up to the minor resistance area again and we are bias toward a breakthrough of this area due to analysis on the daily chart. The Daily Chart with Full Stochastics has left the Oversold Area, Above the Middle Bollinger Band Line, and...

RlcTrading Updated 

Aud Usd has never been this low (with the exception of the flash crash in December 2018) since 2009! We expect a long term buy on the weekly as you can see the weekly double bottom! We also expect a buy on the daily but the move up has still not been confirmed even though it is moving up right now.

RlcTrading Updated 

Look at my previous analysis of Eur Usd! The higher high is still forming but we can expect some kind of retracement around the next hot zone which should be somewhere in the area of the black trend line that I put on the chart. So... Long a little bit more and then short! The best way to trade this is wait until price reaches the trend line and look for a...

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The Higher High is forming and that giant daily green candle is evidence that buyers are clearly in control..

RlcTrading Updated 

We can predict these pullback areas. Look at the Support boxes and see how they line up to each other! This is the pullback area and these areas are easier to see on a line chart. Some traders will say ignore the pullbacks and keep the long on the daily chart but then some people will short the pullback and even hedge the pullback! So Short to the next support...

RlcTrading Updated 

As you can see from my previous analysis, price moved EXACTLY to the area that we predicted. Now price is on the rise again. I just wanted to give a quick update to prove that these areas do work when you know how to draw them correctly! Good Luck Everyone... 70 to 100 pips is what we are looking for now. You should already know where to take next profits!

RlcTrading Updated 

The example strategy that babypips teaches traders is this! 1. Use 2 Sma's or Ema's 5 and 10 if sma... 2. RSI set to 9 3. Full Stochastics coming out of oversold area... YES THERE WILL BE PULLSBACKS... DO NOT EXIT UNTIL THE MOVING AVERAGES CROSS BACK OVER!!! Nzd/Usd Trend Reversal confirmation on the daily and I entered earlier with the same strategy on hour...

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Remember the guy who analyzed eur/usd with a line chart and fan? It looked weird... We Bought....We Held... We Won Major Pips!!!

RlcTrading Updated 

You see the double bottom trend reversal pattern. You see the High! You See The Low. Guess what is next? You guessed it! A HIGHER HIGH! BUY NOW!!!

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Hour 4.. Just Crossed Under the 20 Ema, Below Resistance...Sell

RlcTrading Updated 

Sell!!! If you can not sell a double top with rsi divergence, then pack your bags and go home!