Ok, going to throw in a little education from a trade I got on earlier. Nothing overly special from this trade. 30 pip move (and counting hopefully, the trade is still running). First of all, I always draw my Fibonacci tool from top to bottom, never bottom to top but I appreciate there are people who do otherwise. So drawing from swing high(0.90517) on the 1H...
AUDNZD is in Down channel pattern were in the lower time frame we bet Rising wedge pattern we need to wait for break down the pattern so that we can take them as per the market move everything was mention on the chart. Note one think the market can go further more upside till Down channel pattern resistance line there is really Big Stop loss but if market break...
I introduce the CLOVER scalping system strategy. Enjoy!
Technique 1 Sell above dropping Phaser. Technique 2 Sell near Middle Exhaustion Assist Technique 3 Sell to HighTSL Technique 4 Sell to Phaser
The discussion is based on my recent trading plan for EURUSD. How to identify false breaks and avoid traps.
Hi all and welcome to our Sunday Setups a new technical analysis piece where we are looking to showcase our work and highlight our 20 years of professional trading experience at the worlds best Investment Banks. Our aim is to keep analysis simple so that anyone can follow and learn from our work and hopefully our past performance highlights why we are...
GBPAUD May give us a great sell opportunity if the price break the Head and shoulder neck line. for who don't know what is the Head and shoulder Pattern it is > One of the most popular Chart Pattern. This pattern appears on all times frames and can therefore you can use it if you are a swing trader or a Daily trader. Formation of the pattern 1. Up trend 2. It...
Supply and demand is a trading and price action concept that analyses how financial markets move and how buyers and sellers drive the price. On every price chart, there are certain price points where you can observe a sudden shift between the buyers and the sellers. Those areas are usually characterized by strong and immediate turning points, or an explosive...
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...