Analysis 19-12-28

This blog post explains V-Power entries within Golden Setups.

V-Power is a trading system with automation possibilities that gives you an edge over the market. To achieve a much higher winning percentage you can combine high probability setups with V-Power e.g. Golden Setups.

Here you can read everything about the V-Power system and download a free version: V-Power System Explanation + FREE Version

Here is a detailed explanation how you can get a huge edge over the market by using Golden Setups: Golden Setups explained

 

 

Possible Next Golden Setups at the moment

 

AUDCAD

An interesting setup is in the works on AUCAD/CAD as the bears can take back control at a major resistance area. Is this beginning of a longer-term move to the 0.8832 lows?

On H4 we’re seeing the market is going to hit your major resistance level. The Revelant Key Levels are Resistance at 0.9118, Support at 0.8832.

 

 

On H4 Time Frame the market is under resistance near the top of the recent trading range. Given the congested sideways (around 150 pips) chart conditions, price could break strongly down or up from here, watch the first break for clues to the short term direction.

A break and close above 0.9118 could see prices break out of the recent sideways congestion on H1 and activate a short term uptrend. On the other hand, a clear Golden Setup sell signal would activate a short term downtrend.

Top of the recent trading range at the 0.9118. Bottom of the recent trading range at the 0.8832.

 

 

The following chart shows the H1 time frame. We can see the purple major resistance line @ 0.9118 which is being penetrated (Stop Hunt/Final Accumulation above the resistance) by the price action. A bearish divergence (red rectangle) developed in this same time frame which already gave a signal that a reversal to the downside will most probably occur.

The M30 chart shows the price action that lead to the stop hunt above the purple major resistance line on H4. The bullish move started with a strong and steep initial move. The image below show the steeper trend line drawn with green color and the price weakening from MACD.

 

 Let's remember, the steep and matured trend are prerequisites number 1 for a clear Golden Buy/Sell Signal Setup.

Now, look for Bearish Divergences M30 near to long term resistence level (labeled with a purple line) and sharp reveral.

 

EURGHF

 

In the chart below (H4), the longer – term on currency pair EURCHF is  still bearish (drawn with the red line); we can see the major support is being tested near to 1.0861. The Revelant Key Levels are Resistance at 1.1056, Support at 1.0861.

 

 

 

The following screenshot shows the H1 time frame. There was a preceding steep downward move which consists of 3 strong moves to the downside. The first move started on December 13th, the second move was on December 17th and the lasta move on December 19th.

The MACD Divergence Box Indicator detected a bullish divergence (green rectangle) which gave a signal that a reversal to the upside is about to happen. Also we can see the exact point where the bullish divergence over.

 

 

 

In the screenshot below shows the time frame M30. The major support level price was penetrated slightly and an upward reversal (V Formation labeled with blue color) is running in this moment.

 

Here you can read everything about the V-Power system and download a free version: V-Power System Explanation + FREE Version

By joining the V-Power community you will get access to a very active private telegram group with experienced members: Join the V-Power Community

 

 

About Me

I'm Mike Semlitsch the inventor of the PerfectTrendSystem. I'm in the trading business since 2007. Helping other traders to succeed in trading is my passion. The PerfectTrendSystem is the result of more than 30,000 hours of hard work. Connect With Me:  

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