AUD/USD rises after its 2024 lows as the greenback’s strength deflates, eying the pivotal EMA200 and daily closes above it would shift bias to the upside. However, such outcome has high degree of difficulty technically. The EMA200 can contain the rebound and sustain the bearish bias, which would keep the Aussie exposed to the 2023 lows (0.6269). The hawkish...
NZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would...
Dear Esteemed Members, TSLA is mostly bearish within the resistance of the red triangle. As long as it remains below the trendline, bears can enjoy better risk-reward ratios. Some traders wait out the price's rejection at the falling line to open their short positions. Others wait for a confirmed breakout through the resistance to open a long position. Now, both...
Orange pairs: AUDNZD, AUDCHF, NZDCHF, GBPCAD, EURAUD, GBPNZD, NZDCAD, EURNZD, EURCAD Green pairs: USDCHF and GBPCHF Purple pairs: AUDCAD and EURGBP * Orange = Moving away or getting slowly to our trade, not suitable for a trade yet unless it's giving a little bit more in our direction Green = Close to a trade, needs a break for anything serious Purple = Very...
Here all the trades I took, not as in-depth as usual but still good info regardless. If you take nothing from the video take these things: Multiple TF confluence regardless of startegy follow your strategy follow your plan(stop loss and take profit, if you lose you lose, if you win you win, so what. Scared money don't make money)
I am just trying to see if i can use CCI + EMA for scalping on 1m on eurusd. next will try 15 minutes Buy when CCI crosses green line -110 or sell when crosses down red line 100. Also trying to figure out what rr ratio should be used, 35 pips or previous structure.
I've had alot of people reach out for this video breakdown, so here it is. I forgot about the time limit so I may take questions and then make a another one covering those. Thanks for reaching out!
I've been working on an indicator to help me out with swing trades and buying the right dips, and knowing when to sit out. I'm new to trading and I find that breakout trading isn't the best strategy, and it actually rarely works when we're in a downtrend as we currently are. So how to have the confidence to know which dips to buy? Here's a strategy I'm playing...