Its enough to say that GBPCAD will go down into the support line because of divergence from RSI Indicator, Choch confirmation with big red candle
Now, its your job to find the best sell entry
Goodluck Intraday Trader!
Good morning traders,
a short note for traders from the Balkans, in the description at the bottom you have a link to join the FDC Academy!
My view of the market and what I expect to happen today looks like this.
According to the movement of DXY, I will also follow EUR/USD, GBP/USD and GBP/JPY.
On all pairs we have a long sentiment market javi.
I concentrate on...
I expect a long trade on this pair from the marked zones due to the collected liquidity from the recent fake OB and the formation of a new OB for 15 minutes, which I have marked with yellow.
In the case of arrival in a zone with a large volume of trade, it is not valid. In that case, I expect breaking through OB and getting to the next one.
As per the chart pattern analysis till now nifty is above 50 MA indication of bullish market.
there is important level of 17400 that nifty should beat and start trading above that in next session until then there no clear idea of movement of in breakout direction .
as you know I have been bullish and managed to build some nice positions.
At this stage there is Resistance at 20660 and BTC will most likely have the third crucial attempt.
Will it break higher or will it get rejected again?
Third attempts are the 'Ones to look out for' and follow.
Keep you all posted.
Next hours let's see if 1810 can hold! If yes we can see a movement up to 1829!
If doesn't hold, let's keep an eye on the levels below 1800!
If you want to know my targets and my strategies send me a private message!
Yesterday before the market close I opened my last position of the day!
My target was 1829, as I saw a gab between 1820 to 1835! I always prefer to grab some pips with a good lot size (attention, always trade safety, use lots that your account can handle)
Now we can see the price is moving sideways, lets wait and see what happens
Here is a look at my latest analysis of the DXY for the last full trading week in February '22. This is not how I typically draw out ideas on my charts, so please let me know your thoughts in the comment section about this particular drawing. Don't forget to hit the like button if you agree, or if you found this chart helpful. Happy trading, and good luck!
So as we observe after 10 hour,
market still goes as we plan which is now NZDUSD market movement are in retracement before going up a bit because in the previous movement we observe that it cant break major reversal zone so its going up and make a retracement before trying to break the ceiling of the reversal zone ,
if it cant break it , then it will goes down as...
as we all know. due to inflation, global cues, we have seen the panic in markets in the last week. as I think it will continue. so traders stay updated on every global as well as national news. especially Russia and ukrain war which can create huge panic in all markets.