vbenking91

vbenking91

1). Consolidation Breakout: Waiting for a period of consolidation to end before considering a trade. This implies looking for a period of price stability or range-bound movement before a breakout occurs. 2). Breakout Confirmation: I have been monitoring price movements on a 4-hour timeframe and observing if the price breaks and closes below a horizontal...

vbenking91

Price Successfully reached Take profit on XAUUSD. Congratulations 👏👏👏👏

vbenking91

Long position above (1.07100): The price pushed up towards the 1.08560 supply area as I anticipated. 👏👏👏

vbenking91

Applying risk management in forex trading is crucial for long-term success. Here are some key steps: 1. **Define Risk Tolerance:** Determine how much you're willing to risk on each trade. This is typically a percentage of your trading capital. 2. **Set Stop Losses:** Place stop-loss orders to limit potential losses on each trade. These orders automatically close...

vbenking91

On the XAUUSD 1-hour timeframe: Support area: 2332.00 Resistance area (take profit): 2380.00

vbenking91

Congratulations! Our take profit level of 0.98115 has been reached. Great job sticking to the plan! 👏👏

vbenking91

Intraday Bearish: Breakout of 1.79120 Support turned Resistance: A significant shift has occurred in the market dynamics as the former support level at 1.79120 has now transitioned into a resistance level. This suggests a notable change in sentiment and potentially a reversal in the prevailing trend. 1H (Coch) with Momentum Candlestick: The 1-hour (Coch)...

vbenking91

EURNZD Analysis: Support Level: Anticipating a pullback to the area around the 1.76800 support level, suggesting a potential buying opportunity. Confirmation: Look for confirmation on a lower timeframe, such as a bounce or a reversal pattern, to validate the buying hypothesis. Keep a close eye on price action for potential entry points and risk management.

vbenking91

Intraday Bearish: 1-Hour Pullback: The 1-hour chart shows a temporary reversal or retracement against the prevailing trend. 15-Minute Bearish Engulfing Candlestick: A bearish engulfing candlestick pattern on the 15-minute chart signifies a strong shift in momentum from bullish to bearish. 5-Minute Double Top: The appearance of a double top pattern on the 5-minute...

vbenking91

Bullish Bias: In analyzing the current market conditions, note the significant levels of support at 2314.150 and resistance at 2417.900. These levels have proven to be crucial in determining price movements in recent sessions. We may consider these levels when making our trading decisions, as a break above resistance or below support could signal potential shifts...

vbenking91

Intraday Bullish: On the 4H timeframe the price is creating HH & HL. Long position above (1.07100) target 🎯 (1.08560)

vbenking91

Price Successfully reached out our target at 1.07250 ................................

vbenking91

Intraday Bullish Bias: As we see here the price touched the zone and is supported by a rising trend line I expect the price to keep pushing higher towards (0.98115)

vbenking91

Intraday Bearish Bias: As we can see here the price broke below the horizontal structure on a 4H timeframe and now I expect the price to decline towards 1.07250 as our target 🎯

vbenking91

Intraday Bullish: Price broke and closed above the horizontal structure on a 4H timeframe. And I expect the price to grow more towards 0.98115

vbenking91

Intraday Bullish Above 2300.00 and place our target at 2328.0. Good luck traders 🥇

vbenking91

Intraday Bearish: Short position below 1.07460 and target 🎯 should be at 1.06240

vbenking91

Intraday Bullish: After a brake above the resistance that now turned support. From here am expecting the price to push up towards (1.07460).