PLEASE READ FULL DESCRIPTION FOR BEST UNDERSTANDING ON MY TRADING IDEA'S
My focus is on the following pairs ONLY:
- EUR/USD
- GBP/USD
- EUR/JPY
- GBP/JPY
- USD/JPY
- USD/CAD
- XAU/USD - GOLD
- BTC/USD - Bitcoin
- ETH/USD - Ethereum
Give me a follow if you would like to continue receiving my market analysis on the above pairs.
- VERY important to wait for confirmation.
- This is the hard part of trading. Waiting for the entry, instead of forcing the entry and getting into the market without confirmation.
- NO Trader can predict the exact market movements. So these are merely idea's based on Technical and Fundamental analysis.
- Please let me know your thoughts.
- ALWAYS remember to manage your risk and protect your capital.
The Analysis:
2 Scenarios on EUR/USD:
EUR/USD currently in an ascending bearish flag.
I am expecting 1 more push to the upside of this channel. A test of the upper resistance line, wait for te rejection. That would be the best possible entry but then we would have to wait for a break of the support line and that would be a great confirmation that the analysis is playing out.
EUR/USD is also approaching a strong 0.618 Fib level on the large daily market swing. Further confirmation that we are getting close to a potential reversal.
I will be keeping an eye on this pair and will be waiting for confirmation before entering any trades.
No need to force trades. If you are not in the market then you are not making money, BUT you are also not losing money. You need to have capital in order to Trade and make money so do not rush trades as that will be the fastest way to lose your capital.
Patience Pays! Always remember that..
My focus is on the following pairs ONLY:
- EUR/USD
- GBP/USD
- EUR/JPY
- GBP/JPY
- USD/JPY
- USD/CAD
- XAU/USD - GOLD
- BTC/USD - Bitcoin
- ETH/USD - Ethereum
Give me a follow if you would like to continue receiving my market analysis on the above pairs.
- VERY important to wait for confirmation.
- This is the hard part of trading. Waiting for the entry, instead of forcing the entry and getting into the market without confirmation.
- NO Trader can predict the exact market movements. So these are merely idea's based on Technical and Fundamental analysis.
- Please let me know your thoughts.
- ALWAYS remember to manage your risk and protect your capital.
The Analysis:
2 Scenarios on EUR/USD:
EUR/USD currently in an ascending bearish flag.
I am expecting 1 more push to the upside of this channel. A test of the upper resistance line, wait for te rejection. That would be the best possible entry but then we would have to wait for a break of the support line and that would be a great confirmation that the analysis is playing out.
EUR/USD is also approaching a strong 0.618 Fib level on the large daily market swing. Further confirmation that we are getting close to a potential reversal.
I will be keeping an eye on this pair and will be waiting for confirmation before entering any trades.
No need to force trades. If you are not in the market then you are not making money, BUT you are also not losing money. You need to have capital in order to Trade and make money so do not rush trades as that will be the fastest way to lose your capital.
Patience Pays! Always remember that..