POWER TRADING

Welcome to POWER TRADING...My aim here is to give simple analysis and show how i trade profitably using TRENDLINES, PRICE AND FIB. PATTERNS, BTR CONCEPT, SUPPORT AND RESISTANCE AREAS/KEY LEVELS...

These are actually simple concepts and fun to make money... Trades will be in the higher timeframes of weekly, daily, and 4hr..but the concepts when fully understood can also be applied on the lower time frames...

Welcome to POWER TRADING.. you are free to join the channel through the link below

https://t.me/+nA3aboLRpcFkMTA8

Price came close to resistance at 1.14544 and been facing rejection thus suggesting possible bearish move



It will be advisable to watch for more probable bearish move confirmation on this 4hr..watch for price to break the marked support level at 1.1382, travel, then retest (the BTR concept) to give a surer bearish move...

Let's keep watching .....PATIENCE is key

#GBPUSD



Price gave a bullish entry on the daily timeframe, but not yet in the clear as price is presently struggling to break resistance zone (grey box)...



Will watch for price reaction at 1.2967 to know if to keep bullish trade or close...

#EURCAD


This pair broke a bearish trend line, travelled and now retesting (BTR)..The present week candle cannot be taken into consideration yet until its closed ( you can never be sure of a candle formation till it's closed)..price might still show a rejection at the retest of the trend line by the close of the week..



The daily time frame shows price at a bullish trend line..are we going to have a bounce or a break..we can only tell at the close of day.. a bounce will further give credence to the possible beginning of a bullish move as suggested by the weekly...while a break will give more caution against bullish move for now.



Will watch for a bullish 321 move on the 4hr if the weekly/daily closes as stated for a possible bullish signs...

#CHFJPY
Sell opportunity coming up on this pair 4hr tf

Thanks for sharing your wonderful article mate; I am not an expert, so I am using various services to work out right trades. I am currently using OctaFX broker where they have Market Forecast, Analysis and trading tips, I have bookmark this link too. I will be following your analysis, I hope it’s on the mark and I am able to generate good profits from it. I like to thank you in advance for providing us this for absolutely free!

Thanks for thanking me.....will sure try to be on point....

Time to sell....All the way down to 79.xx area

price approaches a weekly resistance area...normally, we wait for the week candle to close to see how price actually reacts to this resistance...but we can drop down to lower timeframes for a quicker entry if signal is given


daily tf as seen, shows a little rejection....lets see what the 4hr is saying




big inverted hammer candle formation at a weekly resistance level...can be this be the much expected end of wave 3?

I'll take my chance and sell this pair...
NB. my long trade is still on...so, more like hedging now..though have secured pips and closed a lager portion of the buy trade..so, this cant be a loosing trade...

a safer way to take this trade will be to watch for the BTR concept on 1hr tf....
Price breaks the trendlines and the change in Orientation point, travels, then retests either the CITO point or the trendlines...
Enter if there's a good reversal candle formation at the retest of either of the levels mentioned

Still dropping nicely.......way up in profit

EurUsd is presenting us with signals to sell.......

EURUSD
Good day traders... Here's what i'm seeing in EURUSD pair



The weekly shows price being resisted at a strong supply zone (support turned resistance). This gives a heads up for possible bearish move. We look at the lower timeframes for early bearish confirmation (if any).



The daily timeframe shows a close at this zone with an equilibrium candle (price open and close at/almost at the same point),confirming a possible bearish move (possibly so after a consolidation has first occurred)..This possible bearish move is further confirmed with the next candle closing strongly bearish and making a lower low...



Aggressive traders would have entered short by now at the low of the doji candle...Less aggressive traders would have also entered short using the BTR concept at the low of the doji candle.



Conservative Traders would wait to see a change in trend orientation(when price moves below the last bullish wave low at 1.1662, then apply the BTR concept to sell this pair..

AUDUSD



This pair also shows bearish trend in the making with price showing bullish weakness at a support turned resistance zone



If price plays out as marked on the chart, then we'll sell as indicated



Aggressive entry will be to enter short now or wait for confirmatory bearish candle formation based on the bearish gartley formation..

Out look for the coming week
1. EURUSD



2. GBPUSD



3. USDJPY



4. USDCHF





5. AUDUSD


Expecting this pair to be in a range as shown in the coming weeks

i joinedthe chanel on telegram,what to do next?

3. USDJPY {image}

Price went higher but still giving a divergence, and also made a bearish close ...will watch for bearish reversal candle formation to go short at close of day

GBPJPY