EURCAD – Sellers trending continuation
Trend: Sell/Neutral
Support/Resistance:
R2: 1.45330
R1: 1.44905
S1: 1.44756
S2: 1.44357
S3: 1.44205
Price action:
This case might be for amaterur very tricky. As you can see buyers didn't give us reaction, so the next target for sellers is recent Lower Low and might be even deeper to 1.44357 level.
Potencial trade...
In this video update, we take a look at EURUSD and the current downtrend.
We break down how you can use trendlines to look for trend continuation trades
and changes in trend.
Let's relate our mistakes to Forex education. First things first, it's common sense that mistakes can turn into a positive learning experience. And also, they can help develop our skills while performing a task given to us. But in reality, it appears that learning from errors is hard to achieve because traders do not usually learn from their mistakes. Instead,...
Whatever you do start, you must start in an appropriate way: the start can affect both success and failure. The world of financial markets can be confusing to understand, especially for a beginner. And that’s why trading education is an important first step before entering the trading industry.
That is why LabRich is here now to provide everyone with the...
The Art of technical analysis is Simple:
1) Take a Clean Chart
2) Look For major Trend in Daily Chart.
3) Zoom into H4 for any counter trend, In case of EURNZD I spotted Post rejection of 61.8% Fib level
4) Eventually Price broke the Counter trend line (here where 90% retail trader starts selling) No Be patient Let the price show you confluences.
5) Price...
In this pic we can see how parallel lines (candells) can show trend. When you see them you can expect much more bigger up trend. In BUY trend they coming from another side, you have one more idea down in atach for parallel cand down trend situation.
Thanks on supporting!
All best!
In this pic we can see how parallel lines (candells) can show trend. When you see them you can expect much more bigger down trend.
Thanks on supporting!
All best!
Check our post how to draw HH, HL, LL, LH and then compare with trend line. You will get very good trend presentation.
For confirmation also add MA 21 and EMA 8 indicators and check if the ema's crossed.
Check the example above to see the 3000 Pips trend move.
There are no trading strategies that will generate a profit every single time, but there are some really basic strategies that can produce some pretty good results.
The Key to Success
What you are basically trying to do is identify pairs that are in strong trends on two longer time frames, and then enter a position when you get an EMA crossover in the same...
1. Research your broker, how do they stack up – It’s all very well to choose a broker because the interface is simple or you like the functionality, but do you know how they stack up to others? Have you really done your research? Make sure your broker is well regulated and licenced, well reputed, and that the spread they offer is consistently tight.
2. Only set...
– A Doji is a small bodied Japanese candlestick pattern whose opening and closing are at the same or nearly the same price.
– A Doji is usually part of common Japanese candlestick reversal patterns like the bullish Morning Star and bearish Evening star patterns
– Because Dojis are found in a large number of reversal patterns, traders automatically think that the...
Hi guys !
This a simple chart with a explicit Fibonacci Indicator. Many people asking me how to use it, it's easy, have a look.
Story : Fibonacci was an Italian mathematician (1175 - 1250). He discovered this number sequence like this: Each numbers is calculated by adding the two previous numbers, for exemple : 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89...
The special...
The Pin Bar Setup
I bet you have seen many pin bars on your Forex charts. Maybe you haven’t been aware that you are looking at a pin bar formation, but you most likely have come across this candle on the chart
Bullish Pin Bar
A valid, tradeable bullish pin bar is located at the end of a bearish trend and its lower candle wick goes below the overall price...
I am posting this chart in order to show you how easily you can take profit of the market if you keep the analysis simple.
You don' t need many indicators that could make you confused.
In other words KEEP YOUR CHARTS CLEAN.
Then you would be able to understand in depth what you cant see in a messy chart.
As you can see, first we have a strong bearish move.
So...
![DXY: [DXY] How to use Fibonacci Indicator](https://s3.tradingview.com/h/HemyilOi_mid.png "[DXY] How to use Fibonacci Indicator")
