Trading-Guru

Trading-Guru

We need to be really careful here on ALGO/USDT. A very clear descending triangle is forming here, giving us very bearish signals. The intuition behind a descending triangle is that there is a support zone at the bottom, with multiple attempts to break the support. After every bounce, the bulls slightly decrease their power. At some point the bears break through...

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This 200 pip opportunity is staring us in the face. After a clean bounce on the support zone we get to expect a small retracement on the 4h to the level of resistance. We can observe a strong rejection in form of a hammer on the support zone, which creates a very bullish bias. This opportunity has a great Risk-Reward and should be added to your list of ideas for...

Trading-Guru

Now that the markets are closed, we can take a step back and carefully observe all pairs. After closing in on a strong support zone from the 4h, we see three very bullish signals: 1) The RSI is recovering 2) A hammer has been printed 3) A huge green candle formed after the hammer This is a great opportunity for a long, and after observing the a confirmation on...

Trading-Guru

The weekend is closing in on us, and I've been scrolling through the graphs to find an opportunity. Through the 100eyes Forex Scanner I got alerted just when I was about to give up. Here on EUR AUD we can see two important horizontal zones forming. The upper one that has acted both as support and resistance, and the lower one that is purely support. Since the...

Trading-Guru

We are seeing a beautiful opportunity here for a long position scalp on GBP/USD on the 15m. The price has reached a horizontal support level, and at the same time just printed a hammer that went into the support zone and came out very strongly with a trend rejection pattern. With a risk reward ratio of 3.7, this is a very safe and nice trade to start our forex...

Trading-Guru Updated 

We see various signals that EUR JPY will have a good opportunity here for a short position. 1) First of all we see a large number of consecutive green candles that made the RSI go out of our oversold region all the way into overbought in a very short time. This is a sign of unsustainable growth 2) This growth has been reduced suddenly by staying still around the...

Trading-Guru

After just receiving an alert from the 100eyes forex scanner on telegram I decided to enter a trade here. There are some obvious levels here that we can keep an eye on. After just having bounced on the horizontal support, I see a great long opportunity to scalp until the expected S/R flip where the 1.3016 level will act as a logical resistance. A nice 50 pip...

Trading-Guru Updated 

We see here on EUR JPY two horizontal zones forming that have acted both as resistance and as support. These are what I expect the two most important levels on the short term we should keep an eye on. The zones will reset in a few days, so this will give us a relatively safe short term trade opportunity to go short here. The price has just reached the resistance...

Trading-Guru

We can find this rising wedge for the 4h of USDJPY. Rising wedges form great opportunities of trades with a perfect risk/reward as they acknolwedge a rising trend. Here we find ourselves in a 110 pips opportunity with a fantastic risk/reward, making it an excellent end-of-the-year trade. I'm feeling bullish, and will keep an eye on the support formed by the...

Trading-Guru

EUR/JPY has come back to this very important horizontal zone. We have seen that it has functioned as support, but also as resistance. Important to note is that this zone is right around a psychological area of 121 EUR/JPY value. Right before the last breakout we saw very heavy push for a break through the resistance, with the price almost not dropping below the...

Trading-Guru

Don't try to overcomplicate things with adding a hundred indicators. Clean, simple charts are most effective. Here we're looking at a strong zone of horizontal resistance. The price hit the resistance levels perfectly and shows the earliest signs of a rejection. This is a sign for a bearish trend.

Trading-Guru

Today, I'll give an example of how to trade the Support Resistance Flip or "S/R Flip" in short. First of all, we can see a clear horizontal resistance that formed earlier. After the resistance has been broken and we see a quick retracement down, this old zone of resistance now forms the logical zone of support. I expect the support zone to hold and continue the...

Trading-Guru

Forex markets are closing in a few hours. Looking for your last entry just before the weekend break kicks in? Check out this EUR - CHF idea. It has reached this support zone for the third time. Second bounce was slightly weaker than the first one, but still think this zone got one more bounce in it. I'm bullish.

Trading-Guru

It seems that right now we find ourselves in a BB Squeeze. This means that soon we will find out the direction of the next big move. People tend to be reserved right now and want to see confirmation of a move. I am going to exploit this using a good Risk Reward ratio and enter a long. The sell is located at the old stable price, forming a logical resistance...