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I was following the Gold market, for the past several days. If you’re familiar with the Head and Shoulder pattern, you know how does it work, and Gold Draw three in a row, recently.
ShahinM's Blog
Seems like I was right ✅
Earlier, I’ve shared an opinion of mine on GBP/USD chart, and have predicted that there would be a drop of the price toward 1.19, and then a raise to 1.40. Which is gonna be an opportunity to make half of a million profit, only, with a $100 position. Apparently, not only that I was right, but also it took less longer than I was expecting.
The question would be who had entered the position?!, cause I had not!
The question would be who had entered the position?!, cause I had not!
The ceiling has been broken!
I’m not sure about you but Trading in between a Ceiling and a floor, or by other words horizontal Support and resistance lines, I believe is one of the most popular ones,
The pair EURGBP which was moving between a ceiling and a floor, has just broke the ceiling which is the sign of a further pass of the ceiling,
A drop toward nearly Pivot point is expected,And also would be a good point to enter the position
Happy Trading
The pair EURGBP which was moving between a ceiling and a floor, has just broke the ceiling which is the sign of a further pass of the ceiling,
A drop toward nearly Pivot point is expected,And also would be a good point to enter the position
Happy Trading
Up,Down,Up,Down,Up,Down,And...!
UsdZar used to be happy with heading to the sky,probably there was a reason for this, for example a great support, but when we’re talking about the market which is our workplace! And most of us know it like the back of our hands, Like the mountains in a landscape it always goes Up&Down,Up&Down,LeftCenterRight
Alright let’s cut to the chart, After opening the path to the 14.7, 4 months ago, It’s still falling,which like always, it probably searchs to find a familiar zone,and a support line , whic…
Alright let’s cut to the chart, After opening the path to the 14.7, 4 months ago, It’s still falling,which like always, it probably searchs to find a familiar zone,and a support line , whic…
100$ to be half a millionaire in 2019 !
I was checking the Pound Dollar chart, and if you curious why? Because I have some pounds !
I have checked the chart and found that there’s a possibility to get rich quick ,as half a millionaire, for whoever goes in this position with just 100$ !!!
i hope what I drew on the chart is clear but a little description for those who like reading,
there’s a pivot point somewhere around the price of 1.3 for the Zone since the fall in 2015 till now, which is being expected for the price to touch it, bef…
What’s next?
One of the interesting charts in my opinion, It reminds me of Cryptocurrencies,which also is not open even 5 days a week!!
However, What’s next, after a year Of moving Neutral?
Descending Triangle is telling us that there would be a further fall in the price, and also it’s so close to a Strong Support trend line since 2015 at Somewhere around the price of 54,
Which also could be the best point to enter a long position toward the next Support trend line in the way which is somewhere around the pr…
However, What’s next, after a year Of moving Neutral?
Descending Triangle is telling us that there would be a further fall in the price, and also it’s so close to a Strong Support trend line since 2015 at Somewhere around the price of 54,
Which also could be the best point to enter a long position toward the next Support trend line in the way which is somewhere around the pr…
This would raise for another fall
LeftCenterRight
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 89.14 and 88.68).
Simple,
Visually, the ST support trend line just been broken by the recent fall in the price, looking at shorter time frames,
Also shows the expectation of an upwards right before the fall,
Horizontal Supports and Resistances now have appeared on the chart,
Another upward in a shorter term is bei…
Sweet Short
Alright, let’s see what do we have here? A channel down !
Moreover, The last two hits, and the last two hits earlier( Can be seen on daily and weekly candlestick charts)than these two, were with Drop for the price as the result,
one & earlier one near , one & earlier one on, the Trend line,Which I’m calling it 0.8125,
At last, this last hit which we all see here in this photo turned the trend to a bearish one,
According to the last Fall,We Have zones 0.78,0.77&0.76 On the way which is being expe…
Moreover, The last two hits, and the last two hits earlier( Can be seen on daily and weekly candlestick charts)than these two, were with Drop for the price as the result,
one & earlier one near , one & earlier one on, the Trend line,Which I’m calling it 0.8125,
At last, this last hit which we all see here in this photo turned the trend to a bearish one,
According to the last Fall,We Have zones 0.78,0.77&0.76 On the way which is being expe…
Daily trade
A channel up pattern we have on the 30m chart of the pair EurGbp
Aso, the same pattern,Ascending Triangle, and double top you by yourself could find on this chart, on 1H&1W Candlestick charts, so I’m not attaching the photos
Besides,0.879 we have now as a support line,Which actually has been passed already,
for today we could expect the price Hitting 0.885 and further upside, afterwards
Happy Trading
Aso, the same pattern,Ascending Triangle, and double top you by yourself could find on this chart, on 1H&1W Candlestick charts, so I’m not attaching the photos
Besides,0.879 we have now as a support line,Which actually has been passed already,
for today we could expect the price Hitting 0.885 and further upside, afterwards
Happy Trading
Either a bull or a bear
Key resistance at 111.5(Price)
look for a drop toward 107 point something !
The last growing in the price, had a drop since it has been hit at 111.5 around in The evening on 1st of January,
Although, the 45 days of Bullish,in the year 2016, yet is struggling in this Zone!, so for sure we have a Key resistance, which if it’s not being broke we would have another Drop Below
Happy Trading
look for a drop toward 107 point something !
The last growing in the price, had a drop since it has been hit at 111.5 around in The evening on 1st of January,
Although, the 45 days of Bullish,in the year 2016, yet is struggling in this Zone!, so for sure we have a Key resistance, which if it’s not being broke we would have another Drop Below
Happy Trading