Can we see this rise above the 115.000 as per the news, Analysts at Nomura we expect a 0.2% (0.244%) m-o-m increase in US core CPI inflation for September following a 0.082% advance in August we could see this raise even with the bullish wedge seen on our chart
What is a 'Bullish Outside Bar' A bullish engulfing pattern is a candlestick chart pattern that forms when a small black candlestick, showing a bearish trend, is followed the next day by a large white candlestick, showing a bullish trend, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. Breaking Down 'Bullish Engulfing...
What is an Inside Bar ? The inside bar is a two bar candlestick pattern, which indicates price consolidation. In order to confirm this pattern you need to see a candle on the chart, which is fully contained within the previous bar. In this manner, the inside bar candle should have a higher low and a lower high than the previous candle on the chart. The Inside...
I know how to properly identify support and resistance levels that are backed by recent supply or demand. By this I mean, supply is what traders consider to be selling power that makes a currency value go down. Demand is the total opposite as it shows its self as support and encourages a currency's value to go up. With that said, support and resistance or supply...
Symmetrical Triangle A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. What’s happening during this formation is that the market is making lower highs and higher lows. This means that neither the buyers nor the sellers are pushing the...
The "Spx500" index started long run from 2812point in upwards direction;all we have now the question will it continue up or the momentum has come and reversal likely? Have taken 4hr chart for this analysis.Is it right time to enter for a short at this level and why ? My feedback for this is , Yes this is about to reverse however waiting for the short...
Pro-Tip on getting a better view when there is an interaction with Heffae Clouds. Reduce the chop and set tighter stops that are hit less often. Shaded cloud & intercloud paths are drawn 124 Hours (5.1 Days) in advance with 4H timeframe. Heffae's clouds is not a "moving average" indicator... the paths are discrete adaptive support and resistance, where price...
Hi Friends ! Once again share their trade statistics according to the strategy "Scalping About" Binary Options. on Monday, most often I start trading in the late afternoon using for analysis two currency pairs EUR-USD and GBP-USD timeframe 5M trading time from 18: 00 to 23: 00 time zone +7 UTC Trading result. EUR-USD 10+ 2-profit was300$ GBP-USD 9+ 3-profit...
Trading EUR/USD on the Daily Time Frame: Delete the noise, patience wins Here I present a textbook trading set-up + a fancy little indicator known as the EAG Yume Wave. First we need to set up our parameters, what is confirmation and what isn't? Your analysis does not need to be over complicated, you want to be considering the key/strongest variables when you...
Hello Friends ! report for 24.04, traded on EUR-USD -0.06% Timeframe of 5 minutes . My working time frame 5 minutes trading plan day at least 5 + . I work as a fixed amount of the transaction without the participation of "Martin" Results of the day for 5 hours of trading 7 + 1-with the return of the asset 80% net profit was 5+ The plan for the day fulfilled. below...
This is the dilemma with technical analysis, here we have a situation where we have technicals supporting a move upward and downwards. This situation is very common with technical analysis, in most cases there are technicals supporting both the bulls and the bears and hence making decisions solely based on technicals is 50/50 in most cases. We have the 50 fib...
I am posting this chart in order to show you how easily you can take profit of the market if you keep the analysis simple. You don' t need many indicators that could make you confused. In other words KEEP YOUR CHARTS CLEAN. Then you would be able to understand in depth what you cant see in a messy chart. As you can see, first we have a strong bearish move. So...
If you are a trend following trader, find instruments and timeframes that satisfy your trending criteria and just follow the signals. But remember: consolidation period can be brutal to a trend following strategy. Also, the longer the trend, the greater the chance for a reversal. With that in mind, make sure you apply proper money management.
Counter trend trades should fall in one of the two cases: -> a quick and fast trade against the primary trend, expecting a pull back from the extremes. -> reversal points With that in mind, make sure you apply proper money management.
Counter trend trades should fall in one of the two cases: -> a quick and fast trade against the primary trend, expecting a pull back from the extremes. -> reversal points With that in mind, make sure you apply proper money management.
If you are a trend following trader, find instruments and timeframes that satisfy your trending criteria and just follow the signals. But remember: consolidation period can be brutal to a trend following strategy. Also, the longer the trend, the greater the chance for a reversal. With that in mind, make sure you apply proper money management.
Counter trend trades should fall in one of the two cases: -> a quick and fast trade against the primary trend, expecting a pull back from the extremes. -> reversal points With that in mind, make sure you apply proper money management.