We have trendline that connects highs and price is trending down. We also see resistance zone formation that price tested 3 times. On the 3rd
touch price also tested the trendline and formed bearish candlestick pattern. Stochastic indicator worked
well as it gave another confirmation so sell (red circle).
1. Downtrend
2. Trendline
3. Resistance
4. Bearish...
Hey Guys!
Here are some characteristics of currency pairs that I noticed over the years. Perhaps it'll help you find the pairs that best fit your trading style, or perhaps you can use this information as an add-on to your current strategy.
Gbp/Usd - Tends to overshoot key levels.
- Can use to get better risk/reward. Both on entries and targets.
- Can expect...
Hi fellow traders, I would like to share with you all the characteristics of the most important structures when it comes to trading waves. When reading all the rules and guidelines of the Elliott Wave Principle it might be a little overwhelming and complicated for most traders. At least to me it was when I just started learning. For that reason I've tried to put...
💥 There are varying concepts, strategies and ideas regarding trading. The primary objective is to stay profitable no matter the kind of strategy you use.
💥 Ironically some traders have this idea that there's one strategy that stands out amongst every other one out there. In my opinion, that's BS.
💥Anything and everything works in the market as long as it is...
💥 Am I the only who at some point while trading hoped for price to move in my direction or bias or rather open a position with mere hope and faith ❓... Certainly not. At one point or the other you must have done this and possibly still struggling with it.
💥Truth is, the market will always do whatever it wants regardless of your strong hold, hope or faith in...
Have you ever heard the saying that the casino complains about their losing days and every gambler brags about their big wins?
Well the same thing applies to traders. Diligent traders remember their big losses rather than their wins, where losing traders remember their big wins.
Sticking to consistent small gains over time rather than targeting huge wins is a...
Trading is a probability game. Every successful trader knows that any trade he executes may bring either profit or loss. In order to assess a statistical advantage of a trading strategy, it is necessary to execute a large number of trades. That is why, it takes a lot of time to understand how efficient your trading is. There will be loss-making trades and you...
In forex the base currency is the first currency mentioned in the symbol (the first 3 letters). The quote currency is the second currency mentioned in the symbol (last 3 letters). The base currency is being given a 'quote' in the quote currency quite simply, saying that if you hold one base currency you will receive x amount of quote currency.
If you take a buy...
For Beginners & Advanced Traders. I know you will learn 1 or 2 things in this video. And if you do, PLEASE PLEASE give me a THUMBS UP and follow me here on TradingView.
Comment questions, or what currency pair I should analyse. Thanks.
In this short video, I am sharing with you my scalp strategy using only Bollinger Band and 50 MA. Go ahead and watch the video, back-test it, practice, apply it and feel free to share your experience in the comment!
Much love from King!
To identify a trending market it is important to understand the market structure. When a market creates a series of higher high and higher low, that means the market is in an uptrend and buying is the most profitable trading opportunity
in this market. When a market is creating series of lower high and lower low then the market is in a downtrend and selling is the...
Whatsup traders! In this video I will be talking about the difference between efficient and inefficient price action. Once you understand this concept, you can incorporate it into your trading and utilize it to find targets and setups!
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on GBPAUD, if you any questions on the pair let me know in the comment section below.
I will be looking to take a trade on the pair if our trading rules are met over the next few days.
I would suggest keeping this pair in your watchlist to see if your own rules are met. If...
Education Post:
This is a Price Behaviour Methodology.
You have to learn to interprete the waves/swings that price makes at any given time and location on the chart.
Attach a true meaning to it and react according to the information you have been presented.
As you may be aware, predicting is not going to make you money, but following the footsteps of those that...
EURNZD– Sellers are working on potencial sell because...
Trend: Strong Sell
Support/Resistance
R3: 1.73495
R2: 1.72749
R1: 1.72124
S1: 1.71437
S2: 1.70602
S3: 1.69815
S4: 1.68599
Price action
Sellers are working on potencial sell because of weak eur currency on the other side. Sellers has to break S1 and then will be even more stronger then, they are...
EURGBP – Sellers trending might continue soon
Trend: Strong Sell
Support/Resistance:
R3: 0.87143
R2: 0.86645
R1: 0.85998
S1: 0.85402
Price action:
We are waiting for holding price below new resistance level at 0.85998. If price will bunce from this level, we can see bears targets to 0.85402. If buyers are able to break resistance level at 0.86645, then they...
AUDCHF – Buyers getting stronger (waiting for news)
Trend:Strong Buy
Support/Resistance:
R3: 0.68791
R2: 0.68502
R1: 0.68292
S1: 0.68205
S2: 0.68006
Price action:
Buyers are ready to break higher by showing strong momentum. Till the news are not reliased, we can't know the next move in any way (recommended).
Potencial trade idea:
Bulls targets:
T1:...
