This is a possible drop in the market, and everything can go south if my prediction is wrong. (Playing it safe with my entry)
Will the price fall? originally I had thought there was a bear flag formed but it has come to my attention it is just a breakout! hehe, practice makes perfect! now we wait
A small long 1.7RR (5m)... Afterwards, It might take another bounce or two then a good short sale will be on the cards on the larger time frame.
Nasdaq went down by 300 points yesterday. The fundamentals gives us reason to believe there will be a fall but the technicals has not shown that yet, technicals show that we are still having a pull back but in an uptrend. I am expecting more pullbacks today, the dept at which it falls will determine if still making corrections to the downside or we have a trend change.
"Beginner Analysis" The daily timeframe shows its in an uptrend, the 4h shows a downtrend. If the key level is broken then the daily timeframe is invalid.
What do u think about shorting Eur/Nzd. It looks like it will fall back to support levels. What do u think?
I am brand new to technical analysis this is my 2nd ever chart 😅 Grateful for any assistance in getting to grips with the tools and functionality of this site as it seems to have ALOT to offer 👍🏻
Selling at third bounce of trend line to next support zone
DISCLAIMER: I'm a beginner and this is one of my first attempts at analyzing a trend. If you think my reasoning is wrong here, please tell me. We can see that NYSE:RNG price is currently consolidating, with lower highs and higher lows, and after this consolidation period the price should begin a new trend. Given the bullish history of that stock, the fact that...
I am trying to learn fx and i dont know if my strategy is ok. Plz tell me if i made any mistake and if i predicted the eur/usd right.
TADAWUL:4010 Hello, I am a beginner trader and bought 4010 at 23.54 SAR based on below. Only using the basic technical analysis till now as i'm still learning. 1- Structure broken (Resistance broken 8-Jun-20) 2- High volume and Bullish engulfing candle recently 3- EMA(50) overlapping EMA(200) Target is short term trade and will close if reaches around...
I thought it would break out and it has wooo! Wasn't sure on which direction at first.
Possible wedge breakout coming and we might see $18.53. I'm bullish on Gold as well
OANDA:GBPNZD Took a Buy on the retest, and having a buy stop, i think it's going to be a bug bullish move. let me know in comments what you guys think? :)
OANDA:GBPAUD Looking for a big bullish move, let me know in comments what you guys think? :)