Analysis 20-01-1

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

 

GBPAUD

On Daly time frame the move was enough to hit a long term bearish trend line and it looks like the sentiment has shifted in the bulls favor.

We’re seeing Relevant Key Levels like Resistance at 1.9093 (Purple line) and Support (Medium Spring Green line) at 1.7559.

A Bullish candlestick is forming on upside trend line as well as divergences and V formations in lower time frame. The chart also show a possible exhaustion and turning points (labeled with red circle).

 

 

On H4 below shows a steeper trend line formed by a climatic move. This climactic move, is a sign that the bearish trend reversal will occur. The green rectangle are showing the base area where the price bounce recent upward. Although the indicator in this time frame does not draw the divergence, we can see the price which move above zero level (labeled with red circle). This could indicates a bullish boost.

 

The following chart shows the H1 time frame. A bullish divergence (green rectangle) developed in this same time frame which already gave a signal that a reversal to the upside is about occur. Also a double V – Formation subsequently developed when the divergence ends.

 

The following screenshot shows the time frame M30. A bullish divergence (green rectangle) drawn with this indicator Divergence Box Indicator show the price strengthen from MACD.

 

Note: But the downward climatic move did NOT penetrate the support level and therefore it did not give a valid Golden Setup.

 

AUDCAD

 

Price sold off from the resistance area that formed at the 0.9118 (Purple Line) resistance level last week. (mentioned in prior post).

This week, we’re seeing another rejection of the bulls at that Long – Term Key Resistance área at 0.9139 and 0.9118 (Purple Line) on D1 time frame.

 

 On the H4 time frame a red rectangle is highlighting the area where the price action nearly penetrated the major resistance level. Top of the recent trading range remain 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 was penetrated (Stop Hunt/Final Accumulation above the resistance) three days ago 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. Despite the recent Divergence sell signal, the price remained upward toward the next resistance at 0.9139.

 

 

If we zoom in the same time frame (H1) an Inverted V- Formation has triggered a break down in prices.

 

 “Only after this price level is reached the inverted Vs (sell trades) is completed. These chart patterns gave the name to the V-Power system." By Mike.

 

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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