Forex Trading Tips ; how to grow small trading account into a big profit cycle
While it's true that the more cautious you get about your risk management habits, the longer you tend to exist in the unending world of forex trading.
Risk Management has been the major key player when it comes to encountering success in forex. And apart from it being...
We set a sell limit at the price of $1.3970 support which according to our analysis we believe will not be exceeded. The price could go up to $1.4002 at the most, but from there it could go down.
BUY PRICE: 1.3970
Signed by: FxProfitSignals Group
According to the chart above, GBP/USD keeps moving upward nonstop. But it rallies pausing at reversal points (strong resistance) for a few days or weeks. At present, it's again at a strong resistance line.
Will it uptrend over here? Can British Pound / U.S. Dollar start a downtrend?
As per the Elliot wave theory, GBPUSD can run for 1.34450 level to complete...
U.S. Dollar / Swiss Franc is very close to hit lowers highs line and apex isn't far from here. According to this chart, upper breakout possibilities are higher compare to downward.
For short-term traders:
Target Price 1: 0.91200
Target Price 2: 0.91500
For long-term investors:
T arget Price 1: 0.91800
Target Price 2: 0.91920+
Look into the chart,...
EURAUD price begins to accelerate higher faster than other currencies from the control price (CP). It can hit 1.63500 - 1.64060 after crossing the CP level.
This hurdle is a game-changer. It could explode downward and prices may fall 1.61850 to 1.61360 levels.
The above information is sufficient for a smart trader to start minting money.
As per this chart, the trend continuation will drag up for 9.94600 - 0.95000 levels.
Keep your eyes on the support trendline, USDCHF has broken it. If it's not fake-out, 0.92360 - 0.91800 target levels.
Previously, I made a post on consolidation options for this pair saying that if the BULLS broke the CTL that the CAD would be moving up to consolidation high's around .7620 it has made it up to that point and has broke a CTL bearish on the daily so I am looking for a 2hr high price to sell down to the .7400 area to .7380 consolidation lows.
If you agree PUNCH...
Bears has flex their muscle and with AUD weakness there is some room to the downside before hitting month support at .6800 looking for CTL breeak on 2hr chart and stop will be made above the .6900 pivot area.
If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at...
We can see a fake breakout of daily trendline. This usually means exhaustion and we are ready to continue the downtrend. price is touching trendline again and we might have a potential double top at 0.5 fib retracement. We can set targets at AB=CD completion.
We can see a h&s pattern at 4h chart. Waiting for a reversal pattern at right shoulder. I will enter at right shoulder because of the extra confirmation from trendline. You can wait for completion of h&s and then enter. Enjoy.
We can see a rising channel breaking at USDCAD. After that, we saw a bearish flag, a break of the bearish flag and already a retest. We could enter earlier but this is still a good opportunity if you're not afraid of a bigger stop loss. Price also broke trendline at 1H chart showing momentum downwards. Enjoy.
EURUSD is at the lowest level of a consolidation at Daily chart. Lowering timeframes, I can see a triangle at 1H chart that has been broken after a triple bottom. I will wait for the 0.618 fib. retracement and a reversal pattern at that level in order to enter long. Possible trend reversal if this triangle keeps my analysis. You can set your targets with AB=CD...
1) Triangle breakout.(after an extended uptrend)
2) We predict a retest at previous structure.
3) Wait for a double bottom to confirm it.
4) Local support gives extra confirmation.
5) Not any price action signal of trend reversal.
We saw GBPJPY break from the triangle. It's early to enter. I expect a nice retracement on GBP next week because it's really been under heavy pressure!
I suggest wait for a clear re-test before entering this trade short, but as always here's a beautiful R/R ratio and awesome targets. Don't forget to follow me if you like my work. Enjoy.
Clear Head and Shoulders pattern at NZDUSD. Double top confirmed at right shoulder which happens to be at 0.618 fib retracement. 5:1 R:R with aggressive entry and goals. Rsi helped too. Let's see if it will melt.