Base on the current chart. Where will the market go? Current price is at 84.660. A) Bullish , Long , Buy B) Bearish , Short , Sell We cannot control the market however we can control our risk. No right or wrong answer. We as trader just need to control our risk. Keep it simple. Lets share the knowledge. Like and share. I am a day trader as such I react to the...
Hello guys, in today’s day trading analysis I would like to show you how to trade the P – shaped profile on a nice example that has formed on EUR/AUD. Price Action Analysis If you look at the EUR/AUD (60 Minute chart) then you can see, that last week the price went down, then up, and then there was a rotation. This tells us that the price tested the lower...
Today we will talk about a very common situation that occurs in the vast majority of traders (if not all), especially when we have just started to get into this bussiness. There is a consistent struggle between convictions, ego, and market views or analysis. This generates that we try to see in our analysis what we want to happen, or what we need to happen, and...
ELLIOT WAVE example for AUDJPY 🔹Disclaimer: This Chart set up is to be used for educational purposes only, this information is not a recommendation to BUY or SELL. 🔹Seek Professional Financial advice if you are going to invest or trade in the FX Market
As with all great trades, we require a trading plan. This is a perfect example of how to analyse, execute and manage your trade. See linked chart for the initial trade idea. See below for a step by step guide on how we entered this trade and what we looked for. Goodluck and trade safe!
As with all great trades, we require a trading plan. This is a perfect example of how to analyse, execute and manage your trade. See linked chart for the initial trade idea. See below for a step by step guide on how we entered this trade and what we looked for. Goodluck and trade safe!
Hi guys! These are the Forex pairs with the highest correlations! Leave a LIKE if you find these posts useful! Let me know what you think :)
Signals: In an uptrend look for the indicator reversal points below zero to go long. In a downtrend look for the indicator reversal points above zero to go long. Trend identification: A rising ROC typically shows uptrend and crossing above zero line confirms the uptrend. A falling ROC typically shows downtrend and crossing below zero line confirms the downtrend.
Here I'd just like to go over a great buy position on EUR/AUD. We know the pair is in a long term downtrend. This doesn't mean we can't take intraday buys on the pair providing we target sensible levels. Here we are highlighting how a trendline can be utilised as dynamic resistance. The fibonacci level drawn from our 1hr swing low to high shows that our 0.764...
This was a beautiful trade from earlier on during the week that I unfortunately missed haha. As you can see the confluences are stacked and the entry is always when the momentum enters the market.
I am expecting AUD/NZD reversal. Broken previous LL level Oversold
📚 LEARN MORE 💰 EARN MORE With ForecastCity FLAG pattern Definition: A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole. A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction. After an uptrend, it has a downward slope. After...
📚 LEARN MORE 💰 EARN MORE With ForecastCity Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows...
📚 LEARN MORE 💰 EARN MORE With ForecastCity Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows...
Hello everyone, if you like the materials in this video, do not forget to support with a like and follow. and feel free to post ideas/suggestions for the next educational videos in the comment section. See you in the next one. ~ Rich
Unidirectional Trade Strategy STEP 1 - The first step to start trading is to choose the right market to trade and the best time of the day to trade. You chose a market and you stick with it until you master it. For the purpose of his unidirectional trade strategy review, we’re going to stick with trading FOREX. Moving forward, we’re going to lay down some rules...
This is the first installment in my second section on Methods I use for finding Support and Resistance. I use a live trade example on FOREXCOM:EURAUD to show how the simple 50% Fibonacci level was all that was needed to find where the price would inflect. While I am aware and have studied the Fibonacci levels I find that just drawing 50% levels is all I need...
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** * The trendlines of a triangle need to run along at least two swing highs and two swing lows. * Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle....