Monthly chart has clear 5 wave move into longer term bullish fibonacci cluster level This stock has taken a battering over the last few years and recently there is a monthly spinning top outside of the bollinger bands and a gap on the weekly at $1.05, so there is at least 25-30c to close this... I'm looking at the longer term bullish bias, so wont be trading this as a short to medium term trade... Full disclosure... I already have a position in this stock within the last month or so
Another tough week for CRYPTOCAP:BTC Closed the Week below the SMA9 With its 3rd consecutive bearish candle, also known as 3 Black Crows. This could mean that we have another bloody week ahead. $94-91k is still very much in play. Worth noting that Alts have been outperforming BTC this week, which is reflected in TOTAL and BTC.D
for this bull run we will reach maximum 184k range, but before that we will visit the 77k range
Based on our analysis, there is a high probability that gold may enter a bearish trend in the near future. Several factors contribute to this outlook, including technical indicators, market sentiment, and macroeconomic conditions. Price action suggests that sellers are gaining control, with key support levels being tested and potential breakdowns signaling further downside movement. Additionally, broader economic factors such as interest rate policies, inflation expectations, and the strength of the U.S. dollar could exert additional pressure on gold prices. While the market remains dynamic, our current assessment leans toward a continuation of bearish momentum unless significant changes in fundamentals or technical patterns indicate otherwise.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CHF Sell. Enjoy the day all. Cheers. Jim
Long term butterfly pattern on the Monthly Hit long term fibonacci cluster, I've already bought this as a long term position
#CCK 17.2.2025 ep - 1.48 sl - 1.37 (7.43%) tp - 1.66 (12.16%) RRR - 1.64 X
This is what I mean by low risk. For example, the last low for GLSUSDT happened at 0.00268 and the current price sits around 0.00390. If we consider the last low as a stop-loss point using the monthly timeframe, it would give us a maximum of 30% risk. This is how we do it: If GLSUSDT moves and closes monthly below 0.00268, we can stop a trade. This is a stop-loss based on the long-term. It is a manual stop-loss as we don't put an actual order and commit ourselves to losing money. It can happen that prices wick below or move lower just to recover in a matter of hours or days. In fact, when the market hits bottom we only buy and hold. Using a stop-loss is not recommended at all. The stop-loss is a sure way to lose money if you are a beginner. It is better to buy and hold focusing on the long-term. Ok. So the risk is already pre-defined. In the worst case scenario, you lose 30% and you know this beforehand. No surprises there. Now, let's consider the upside. Easy target 400%, wow! That's more than 10 times the risk. So we have a great risk-reward ratio. Let's consider a higher target. 0.04685 for 1,101%. This would a long-term target but can also happen mid-term, say, within 2-3 months. Now, if you use an advanced diversification strategy and choose many pairs like this one, pairs with high potential for growth vs very low risk, in the long-term, you are sure to win. That's my strategy. Easy, isn't it? It is. And we win. We are winners now and we win always and long-term. We don't win them all but we win most of them. The goal is to have a sound plan, a winning strategy, and follow it until the end. You can adapt the system to your own liking, but this is stress free trading. ... ... ... Wait... Let's consider a new All-Time High, a shy one. This gives us 1,801% total potential for growth. Compared with a 30% risk, I am ready to hold long-term. Thank you for reading. Namaste.
#JPG 17.2.2025 ep - 1.23 sl - 1.15 (6.50%) tp - 1.38 (12.20%) RRR - 1.87X
In a H1, the price has reached the supply area, in 15m, it has taken liq then has broken the low, it s now retesting and drop. Let us how it will play