If you're like me, always looking for sell (or buy) traps, this would make a great contrarian trade. These normally become fast and aggressive after a false move. I've set profit target at monthly pivot resistance level (pivot R not shown). I would get in now to minimize drawdown.
KISS...more on this later. This has helped me trade tremendously.
To keep it simple, the bull flag pattern is still working away after a successful retest.
Some may ask why are we still in the same area, and the answer to that may be the ascending triangle pattern that we dove into right after the break. You can see its constructed with falling wedges, and I believe the next burst of price action will send us flying towards...
Forex trading can bring big profits in a short time, so some people feel that this is an opportunity to get rich quickly. However, in the financial market, the Risk:Reward ratio always goes hand in hand.
✔Forex benefits include:
- High profit potential: With flexible leverage and the ability to trade 24/5, Forex offers great profit opportunities.
- Large market...
Before entering the Forex market, there are a few things to know and carefully consider to ensure safety and effectiveness in trading. Here are some important points:
1 - Understanding the Forex Market:
- Learn about the basic information of the Forex market, including how it operates, currency pairs, and factors that influence prices.
2 - Familiarize Yourself...
Does Forex Relate to News? What Types of News Should Be Considered?
One of the popular and interesting strategies in the Forex world is trading based on economic news releases. Alongside economic news, there are also news about political events, but we will focus more on economic news.
To ensure that your news-based trades are successful and profitable, it is...
There was a potential buying in gold and still gold is in buying status as gold has also given up its consolidation phase so we are seeing a pull back to the consolidation break and then a potential buying
Target mentioned
Noted: Not a financial advisor.
It's always recommended to carefully consider all the factors and conduct thorough research before making any investment decisions. I suggest seeking advice from a licensed financial advisor.
here i am looking to long eurusd for a potential tp of 70 pips (we may trail s/l if we takek out previous highs on the hourly time frame
information shared is for educational and demo purposes only, please use proper risk management when trading in the financial markets
disclaimer - past results dont guarantee a future profit all trade ideas are of my own...
Financials are out performing since last QTR, still they have lots of scope to move up. A low risk bet with reasonable valuations. Numbers are improving and institutions are showing interest in EDELWEISS. A long term candidate.
Greetings from Team : Trading The Tides.
lets discuss a short sell oportunity on (Link USDT )
Target area for initiating short : 7.3
DCA Limits : 8 to be exact as there is a big gap remaining
TP : 6.8 , 6.3 thats a swing position so
SL : no sl
Hold Time : short - mid term
Technical Chart Pattern: structure gaps , rising wedge
Posible liquidity area : ...
Hello Fellow Global Stock Trader/Investor!
IDX Sector Consumer Non-Cyclical is an index that tracks the price movement of Indonesia Consumer Defensive Stocks. People call it "Consumer Defensive Stocks" because the customers will continue to consume the company's products even during an economic downturn.
Why do we forecast the IDXNONCYC?
By Analyzing the...
Building a mechanical strategy is usually overcomplicated. As long as your system contains simple but well defined and detailed rules it allows the strategy and the trader to execute with as little friction as possible. Take a look at the example included in the photo as we diagnose problems and optimze the trading plan to it's full potential.
The price is showing support after a dumping, don't forget it's strongest trendline. Be careful when entering a short trade because there is a high probability of pump from this point.
Here is an analysis of how to entry good accurate short trade.
