allreadyallright

allreadyallright

I added a note onto the chart explaining my though process. Is this a indicator that the market is going to a downtrend and if so would this be a good opportunity for a short term trade, like scalping? I think that is what is called. Where would you enter, aim to take profit or set stop loss? Am i all the way off? Open to thoughts!

allreadyallright

My attempt at analyzing trend lines, this time from a line chart. Marked major levels of support and resistance based on where price currently is. I think it is going to continue to trend down. I would have no idea where to enter or where to set limits. Would be trying to get in for a good sell position in my opinion. Thoughts?

allreadyallright

I am still learning the terms but I think I understand the patterns, this looks like the market is currently stagnant in the middle of consolidation. Before this it was in a downtrend and I do not think it is going to keep going down. I am trying to capture 20 pips only and looking for the best entry, where to place stop loss and where to place take profit. I...

allreadyallright

Just learning to draw trendlines and find support and resistance zones. Goal is to learn EURUSD and get comfortable demo trading a short term strategy.