Let's to analyze one of the first Q1 trades of this new year on GBPCHF pair!
As
usually we start our analysis on the weekly chart to spot where the
price is in relation with key support and resistances, pivotal levels
where market flow is fighting through bear and bull
cycles and so on. This analysis form is the very first while important
analysis method you need to implement to base a responsible
trading activity, if you add any fundamental aspect to the entire
puzzle you can find greater confidence in your trading through your
trading career.
Pound sterling is struggling from bullish to a bearish
action several times and market flow is uncertain due Brexit events
which lately put a strain on Theresa May government. However in the last
push, bears found themselves caught in a bear trap which is a very powerful psychological pattern!
Let's to see on a lower time frame perspective how the things are playing out:
After the bulls trap was confirmed we still have several bears
involved in trading with considerable active orders that now want to
liquidate with the lowest possible damage on the accumulated positions
already in profit or to limit their losses if they was in the move with
considerable deley or maybe just because they was playing betting on
the bearish wave continuation in the distrust climate of brexit events.
I was not confident on the very first buy signal given by WindFlow
indicator since my eyes give me the visual imbalance sensation of the
bears against the bulls in the short term cycle. This is only understandable after a lot of experience including lot of trading mistakes!
However the second signal, after a solid break of several resistance
forms was a well worth signal which is already in profit of 1:3
(risk:reward) with still a good growth potential!
With regard to the price reaction above, please note that the correct
technical term is "bear trap", when I refer to bull trap I would mean a trap made by the bulls to the detriment of the bears but please note that "bear trap" is the correct technical term.
Now let's have a look at a different place where to make an even smarter buy trade in this situation
Let's to analyze another trade for this year and specifically in Q2-2019
Our primary analysis is to spot zones where price could be pushed in a more or less stairway fashion, which are the most reliable and less risky trades we can ever have, and for this purpose the Weekly time frame is our best choice where to spot a top down analysis for the most interesting pairs on our agenda; for this year, I have a couple of currency under my radar and one of that is CHF currency for some specific fundamentals reasons.
On the weekly chart I can spot a very powerful location to keep marked on my platform, I did this in the last year when this eventuality was under my eyes to see how the price would react as soon the price would approach eventually the hot level.
Well, the reaction was: UNCERTAINTY, in fact the price made a monster inside bar exactly at the interested level and so this mean that from this point, the price can take only the two known directions and specifically price could reverse (as it did) or it could simply break the inside at the hot level and continue in a new bearish phase but as price action suggested after the inside bar breakout with the bulls action, a bullish direction was confirmed so we can switch on our timing chart as H4 or H1 and keep monitored the situation with your preferred indicator or even without any indicator when you will master the matter!
WindFlow can assist you in this process, in fact I show you the example of the trade you could take (and which I took on the last month) on the right place. Please, bear in mind you will not find any perfect indicator on this earth, you need to adapt your preference based on your general beliefs about the market and these can be acquired only with hard work and deep study on your side!
I would like to show a nice trading opportunity on the EurChf pair which I took lately.
I want to point out the reason why discretionary trading is the real state of art in the serious trading activity which can give you a great deal of precision and accurate calls when you master it.
Let's to start the analysis from the top-down perspective on Weekly chart first.
The Daily chart follow: by the way a very important chart to analyze too..
The last chart is the timing chart which I prefer mostly, it is the H4 chart where the WindFlow indicator (along with the WindFlow HTF indicator that act as a background indicator for higher TF to use at "a glance" confirmation) can give you a very nice guide for your trading and can do the difference when properly used... BTW It can require a bit to master but it can pay out very well when you act upon the right focus.
Hello traders!
Let's to analyze one of the first Q1 trades of this new year on GBPCHF pair!
As usually we start our analysis on the weekly chart to spot where the price is in relation with key support and resistances, pivotal levels where market flow is fighting through bear and bull cycles and so on. This analysis form is the very first while important analysis method you need to implement to base a responsible trading activity, if you add any fundamental aspect to the entire puzzle you can find greater confidence in your trading through your trading career.
Let's to see on a lower time frame perspective how the things are playing out:
After the bulls trap was confirmed we still have several bears involved in trading with considerable active orders that now want to liquidate with the lowest possible damage on the accumulated positions already in profit or to limit their losses if they was in the move with considerable deley or maybe just because they was playing betting on the bearish wave continuation in the distrust climate of brexit events.
I was not confident on the very first buy signal given by WindFlow indicator since my eyes give me the visual imbalance sensation of the bears against the bulls in the short term cycle. This is only understandable after a lot of experience including lot of trading mistakes!
However the second signal, after a solid break of several resistance forms was a well worth signal which is already in profit of 1:3 (risk:reward) with still a good growth potential!
Enjoy your trading!Now let's have a look at a different place where to make an even smarter buy trade in this situation
Hello traders!
Let's to analyze another trade for this year and specifically in Q2-2019
Our primary analysis is to spot zones where price could be pushed in a more or less stairway fashion, which are the most reliable and less risky trades we can ever have, and for this purpose the Weekly time frame is our best choice where to spot a top down analysis for the most interesting pairs on our agenda; for this year, I have a couple of currency under my radar and one of that is CHF currency for some specific fundamentals reasons.
On the weekly chart I can spot a very powerful location to keep marked on my platform, I did this in the last year when this eventuality was under my eyes to see how the price would react as soon the price would approach eventually the hot level.
Well, the reaction was: UNCERTAINTY, in fact the price made a monster inside bar exactly at the interested level and so this mean that from this point, the price can take only the two known directions and specifically price could reverse (as it did) or it could simply break the inside at the hot level and continue in a new bearish phase but as price action suggested after the inside bar breakout with the bulls action, a bullish direction was confirmed so we can switch on our timing chart as H4 or H1 and keep monitored the situation with your preferred indicator or even without any indicator when you will master the matter!
WindFlow can assist you in this process, in fact I show you the example of the trade you could take (and which I took on the last month) on the right place. Please, bear in mind you will not find any perfect indicator on this earth, you need to adapt your preference based on your general beliefs about the market and these can be acquired only with hard work and deep study on your side!
Enjoy your trading!
Hello traders!
I would like to show a nice trading opportunity on the EurChf pair which I took lately.
I want to point out the reason why discretionary trading is the real state of art in the serious trading activity which can give you a great deal of precision and accurate calls when you master it.
Let's to start the analysis from the top-down perspective on Weekly chart first.
The Daily chart follow: by the way a very important chart to analyze too..
The last chart is the timing chart which I prefer mostly, it is the H4 chart where the WindFlow indicator (along with the WindFlow HTF indicator that act as a background indicator for higher TF to use at "a glance" confirmation) can give you a very nice guide for your trading and can do the difference when properly used... BTW It can require a bit to master but it can pay out very well when you act upon the right focus.Enjoy your trading!