Hey Purpose Trader, Trading with the trend has been the recommended go to for decades of trading. Could it be because there is truth to the actionable statement? I think there is. Let's take NZDUSD here. You nor I know what can happen next, but you and may be able to agree on 1 thing. This currency pair is trending down. What does "trending down" mean? ...
Channel movement, an ABC structure at resistance, looking for a retracement currently.
TVC:DXY us dollar looking strong after cpi data released, support respected indicated by the orangey brown line ive drawn, i wouldn't short dxy possibly a short opportunity for bitcoin
Hi trading friends. Do you know what trading 100 pips actually looks like? If not, I'm going to show you in this video. If you have any questions please let me know. Happy trading!
Hey friends! This has been my highest Risk to Reward trade of the year on a higher timeframe. I'm happy to share the result with you all today. The trade was a sell in which I set a sell limit. It was also a countertrend trade which I don't trade a-lot, but this one was too good not to enter.
EURCAD Currency Market. Engulfing Candlestick formed on the Daily Time Frame.
Double tops and higher highs can be synonymous to some traders. I believe that is ok, but they both speak to different Technical Analysis. A trader who trades may not recognize the higher high as following the trend, but rejection. Where as a trader who trades higher highs may see the high as buyers pushing the market higher and will wait for a pullback. I...
Hi, thanks for tuning in for today's update. Today we're looking at the AUDUSD as, despite Tuesday's crunching price, contuse to hold at a well-established demand and support area. There are a few things happening with the AUDUSD atm. First, we can see firm support at the 6720 area. We can also see OBV presenting rough divergence, but it's not what you would...
First Entry at Pivot Point 20.011. Second Entry at 19.943.
EURZAR Target Price 17.731. Pin Bar tail protrudes through a previous pivot point at price 17.327.
US Dollar weakening on this climb of worry RSI & MACD show signs of steam reduction $TNX is also beginning to show it on a daily chart but that is most likely short lived, if we get another big pullback UNLESS, they are "forced" to stop raising rates Interesting indeed as Fed balance sheet is going lower BUT a lot of debt buying
Eurodollar has completed Interim Rebound and continues to hove near the 1.000 threshold by closing slightly below critical Mean Res 1.005. The Key Sup 0.9880 and our open Inner Currency Dip 0.9852 continue to be the main target, with further expansion to the Next Inner Currency Dip 0.9570 and the lower mark is in the making.
Welcome to Monday’s update. In today’s video analysis, we’re looking at the EURUSD and GBPJPY on the short side. Friday’s employment data came out mixed, and while we did see a short push higher sellers took control in the NY session, setting up a fade into the end of the week. USD momentum has continued so far on Monday, with the risk majors trading lower after...
Hello all, welcome to today’s update. Today’s video focuses on the USD index after buyers made another strong move in yesterday’s NY session. In today’s video, we run over the price current price action and trend structure after buyers made a breakout yesterday, clearing 109 resistance that held buyers back during this week. The USD continues its fantastic run...
based on my prediction jpy currency will getting stronger while usd will getting weaker..hence can short cadjpy for 2-4weeks in order to get big catch 500pips with a very excellent Risk Reward Ratio 1:10..remember trading is about probability + calculated risk..if your accuracy is 60% combine with great RR you can grow your account exponentially..goodluck!!
Technical Analysis and Outlook: Eurodollar attempted to settle above our Mean Res 1.005. The European currency must close above 1.000 to have a possibility to generate sustainable upside momentum. However, as the currency market continues to trade under the 1.000 threshold, bears will have a fair chance to push it to and under Key Sup 0.9940 and completed Inner...
As per technical side SANK as per 1M Stoch RSI. That factor will certainly prevail which will cause stronger EUR and regaining the ratio in a favor of EU currency. *MACD. multy cross on 1W *1M KDJ bottomed. *RSI hit the bottom on 1M timeframe. Strong EURO will make Europe less competitive and leading towards implosion in certain timeframe (strong currency,...