Analysis 20-02-13

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

LONG EURCHF IDEA

 

Actually the trend is bearish on D1. The EURCHF on D1 has Relevant Key Levels like Resistance at 1.0727 (purple line). Support at 1.0663 (Medium Spring Green line). Also we can see a support on MN @ 1.0627 acting like a very strong support.

  

 

On the 4 Hour chart it see two downward moves (upward move and a very steep downward move). The second bearish trend line is a very steep downward move with 311 degrees tilt

It see a move towards support MN around the 1.06196 a level that the pair is facing currently.

 

  

 

The following chart shows the H1 time frame. In the screen it can be see two downward moves. The last downward move (very steep downward move 309 degrees tilt) reached the support and broken it..

The second bearish trend lines formed by a climatic move are a sign that the bearish trend reversal will occur

  1. The initial move is the first bearish trend line with 337 degrees. downward move.
  2. The second move is the second bearish trend line with 309 degrees. Very steep downward move.

On H1 below shows the price strengthen from MACD and the indicator draw a bullish divergence.

 

There are other factors that help us in the confluence of a possible long entry. On H4 we can clearly see the channel overshoot and the price is OUTSIDE of the bearish trend channel.

 

Simillar situation on H1. channel overshoot and the price is OUTSIDE of the bearish trend channel. Prices overshoot tend to reverse the trend.

You can see, especially on the H1 chart, how matured/old and how steep the the downward trend is (very steep downward move.)

 

 The price has left the trend channel to the downside and is in an overshoot area. And as we know, price channel overshoots tend to reverse the trend. So sooner or later the price will shoot up (with high probability).

  “Here there is high probability tend to reverse the trend”

 Along these lines, we have several things on ERUCHF which maybe produces a Golden buy Setup

  • A major support price level
  • Steep upward move trend line on H1/M30
  • Matured Upward Trend on H1/M30
  • A regular divergence on H1
  • Climatic move
  • Channel ovsershoot
  • Trend line overshoot
  • Price in overshoot area.

 Analysis based on steeper trend line and major support/resistance at the moment

The following analysis are based on steeper trend lines and supports/resistances that are being tested or about to be tested.

For considering, the article posted on January 7th about steeper trend line: 

  • upward move = Section 1 (>0 degrees and < 30 degrees)
  • steep upward move = Section 1 (>= 30 degrees and <=45 degrees)
  • very steep upward move = Section 2 (>45 degrees to 90 degrees)
  • downward move = Section 3 (>330 degrees and <360 degrees)
  • steep downward move = Section 3 (<= to 330 degrees and >= 315 degrees)
  • very steep downward move = Section 4 (<315 degrees to 270 degrees).

 

Possible SHORT on USDJPY

Check all rules on V_Power and Golden Setup.

 

 

Possible SHORT on SPI200.

Check all rules on V_Power and Golden Setup.

   

Possible SHORT on AUDJPY

Check all rules on V_Power and Golden Setup.

  

Possible LONG on EURAUD

Check all rules on V_Power and Golden Setup.

  

  

Possible LONG on EURCAD

Check all rules on V_Power and Golden Setup.

  

Possible LONG on EURGBP

Check all rules on V_Power and Golden Setup.

 

 

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 owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

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