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caelanmcnamara
Apr 26, 2020 7:23 PM

EURGBP BUY Long

Euro Fx/British PoundFXCM

Description

I'm new to FOREX trading and this was one of my first technical analysis so please give me criticism and advance it would be greatly appreciated.

Price closing above SMA/WVMA showing bullish movement. Previous Support from the MA could mean a continuation in the short term movement.
Comments
UnknownUnicorn4271694
Bit of friendly advice don’t trade timeframes below 4hr find out overall direction on daily and weekly remove moving averages and any lagging indicators price action support resistance
caelanmcnamara
@LionheartFX thank you, every mistake is just a way to point me in the right direction
Teemanuel
just look at price action, you need to understand where the banks want to push the money. in terms of actual anaylsis its not wrong because everyone does technical analysis differently so it looks good to me.
caelanmcnamara
@Teemanuel thank you for that. Any suggestions on how to find out the price action?
teemanuel97
@caelanmcnamara, no problem, I am still starting out my self so I thought I would give you a tip on something that I thought really helped me understand the market better. My advice is to search up price action on YouTube just to get a rough understanding of it and quarters theories, would be hard to go through everything on a comment😅
caelanmcnamara
@teemanuel97 Cool I’ll have a look tonight thank you
Filippo27
Shit
caelanmcnamara
@Filippo27 haters
caelanmcnamara
@Filippo27 not very constructive
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