Hey! I am back, this time with something completely different, Forex.
If you are interessted in some boring talking, go ahead and read why forex is better than trading crypto.
As its way more mature market, and is not bound to anything, for example as each crypto is bound to Bitcoin.
I am not leaving crypto market, I am holding my XRP tokens and starting to trade this market as I can accumulate profit more easily, dont get me wrong, even on Crypto market I was in profit during the whole crash trough 20,000 to 3,000 but unfortunately in Bitcoin value.
In forex I can fully use my technical and trading skills and make another step of mastering trading, as I managed to double my Deposit just in three weeks with 0.01 iot on each trade.
Being unable to set stop loss on Binance, before you were in a trade was really big dissadvantage to me, and the fact that you can only have opened positions only from Bitcoin value you own, wasnt really good too.
So Forex Market it is, lets move on the chart and actual trading plan.
Long. Why?
Downtrend has been broken
Area ressistance was broken
50MA was broke
Buy signal was given on higher timeframes.
Oversold.
Here are levels for the trade.
Buy around 143.300
Stop loss below 142.800
Take profit below 144.600
Thats all from me, for now.
If you agree with this Technical Analysis , consider leaving that "Agree Button" blue, as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
If you are interessted in some boring talking, go ahead and read why forex is better than trading crypto.
As its way more mature market, and is not bound to anything, for example as each crypto is bound to Bitcoin.
I am not leaving crypto market, I am holding my XRP tokens and starting to trade this market as I can accumulate profit more easily, dont get me wrong, even on Crypto market I was in profit during the whole crash trough 20,000 to 3,000 but unfortunately in Bitcoin value.
In forex I can fully use my technical and trading skills and make another step of mastering trading, as I managed to double my Deposit just in three weeks with 0.01 iot on each trade.
Being unable to set stop loss on Binance, before you were in a trade was really big dissadvantage to me, and the fact that you can only have opened positions only from Bitcoin value you own, wasnt really good too.
So Forex Market it is, lets move on the chart and actual trading plan.
Long. Why?
Downtrend has been broken
Area ressistance was broken
50MA was broke
Buy signal was given on higher timeframes.
Oversold.
Here are levels for the trade.
Buy around 143.300
Stop loss below 142.800
Take profit below 144.600
Thats all from me, for now.
If you agree with this Technical Analysis , consider leaving that "Agree Button" blue, as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
Trade active