Learntotrade
USDCAD Trade Analysis by WAVE FX Academy: TARGET 1.3400Hi Traders, Here's my Analysis on UsdCad
Daily Timeframe:
Price action testing market’s 38.2 Fibonnaci retracement level, coming out of a daily resistance level. From here we may see the market make another attempt to break resistance at 1.3420. Failure would see potential fall to around 1.3100
Pin bar rejection at 4Hr support, which previously acted as strong resistance. This level is also in confluence with the 38.2 daily fib rejection. Bullish divergence is evident in the market structure on this timeframe as well.
On the 1Hr timeframe we are also seeing bullish divergence in the market, however we are seeing rejection in the market from the 1Hr resistance level.
My overall bias is LONG and to see price action hitting 1.3400- 1.3500 region. I will however be monitoring the price action on the 1Hr timeframe for added confirmation based on one of my trading strategies.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines . once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
XAUUSD Analysis by Wave FX Academy (GOLD TO $1920)Hi Traders, Here's my thoughts on XAUUSD (GOLD)
Corrective market structure on the Daily timeframe coming out of a strong bull run with price hitting all time highs.
4Hr Timeframe showing a completion of a 5wave cycle using the elliot wave principles, as such, I would be looking for a pullback between the 38.8 and 61.8 fib of that cycle. Current price action on the 1Hr showing an active downtrend structure, however, with price breaking the trend line resistance and also leaning against the 1Hr structural resistance we could see a break out to the upside.
My overall bias is LONG and to see price action hitting $1920. I will however be monitoring the price action between 1870 and 1860.
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines . Once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
EURCAD Day Trade Analysis by Wave FX (Price to HIT 1.5700)Hi Traders, Here's my thoughts on EurUsd
Ranging market on the Daily timeframe with 4Hr support holding firm,
current price action on the 1Hr providing confluence to Daily and 4Hr.
My overall bias is LONG and to see price action hitting $1.5700
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines. once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
EURGBP TO hit 0.93 Analysis by WAVE FX AcademyHi Traders, Here's an my Intraday trading analysis on EurGbp.
Daily timeframe shows where we have tested the 61.8 fib level based on the recent bullish impulse. This is an indication that the market may have completed its correction.
The 4Hr shows price in a down channel, but there was also a strong rejection of the 4Hr support too, then finally to tie all our analysis together, price action on the 1Hr timeframe provides a breakout of market structure resistance, now acting as support, with provides enough confluence to start looking for buying opportunities.
My overall bias is LONG and to see price action hitting 0.9300. I will however be monitoring the price action between on the 41Hr timeframe for added confirmation based on one of my trading strategies.
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines . once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
CADJPY Trade Analysis by WAVE FX Academy (UPDATE: Target $76)Hi Traders, Here's an update on CADJPY
Market panning out as expected with the break on the daily trend line support. You can review the my analysis on this (link attached here)
We are seeing the $79.00 level being heavily respected over the past 4 trading days with price action failing to close above. This is a good sign that market may give us that bearish run to $75.00 as previously suggested.
My overall bias remains SHORT and to see price action hitting 75.00. I will however be monitoring the price action between on the 4Hr timeframe for added confirmation based on one of my trading strategies.
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines . once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
GBPUSD Day Trade Analysis by Wave FX Academy (TARGET 1.2550)Hi Traders, Here's my thoughts on GBPUSD
Corrective market structure on the Daily timeframe with Daily and 4Hr support holding firm,
current price action on the 1Hr showing an active downtrend channel, and as such we could see a break down of the support structure the higher timeframes.
My overall bias is Short and to see price action hitting 1.2550.
I will however be monitoring the 1.2800 level (1Hr resistance)
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines . once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
XAUUSD Trade UPDATE (GOLD to HIT $1850)Hi Traders, here is my analysis for XAUUSD ( GOLD )
This is an update to my detailed analysis on this pair.
4Hr market structure confirms the bearish triangle formation with price action breakdown below $1920
Based on Elliot Wave Analysis we can identify current price action in the 4th corrective wave, where we will be anticipating and move lower to complete the 5th wave of the cycle.
My overall bias is still SHORT and to see price action hitting $1800.00
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines . once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
XAUUSD Trade Analysis by WAVE FX Academy (GOLD)Hi Traders, here is my analysis for XAUUSD (GOLD)
Technical Analysis:
Monthly Timeframe:
Strong Uptrend market for gold, in fact we’ve seen price hitting all time highs in the process. Based on Elliot Waves Principles, we have completed the 3rd wave of that super cycle and we should start to see some correction in the market (consolidation) which is also clear based on the market structure in the last 2 months. Analysis of the RSI is also providing confluence of a heavily over bought market. therefore I wouldn’t be surprise to see the market revisit the $1800s or even lower.
Weekly Timeframe:
A clearer representation of the market structure can be seen here where price has seem to have found some support around $1950.00. Therefore this will be the area of interest to pay close attention to for any close below in the coming weeks.
Daily Timeframe:
A closer look on the daily timeframe has put together in context a lot of what we identified on the higher timeframes. We are seeing a bearish triangle formation completed, which also provides additional confluence to an imminent bearish market. This current market structure in addition to price action from the monthly and weekly would make a short trade the direction with least resistance.
My overall bias is still SHORT and to see price action hitting $1800.00
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines. once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
EURCAD Trade Analysis by Wave FX Academy (LONG to hit 1.62)Hi Traders, here is my analysis for EURCAD
Technical Analysis:
Monthly Timeframe:
We are at a very interesting resistance with where each rejection of this level say price action falling to around 1.50 or below. We are expecting the same to take place here. Assessing the market structure over the past six (6) month we are seeing where we are above an key level in the market with candlestick patterns creating a breakout ond retest to the upside, giving indication that we may see price hit the top of the Key monthly structure.
Weekly Timeframe:
From a weekly perspective we’re seeing where the market has created a string bullish pinbar candle which would give confluence to the monthly analysis of a potential move to the upside.
Daily Timeframe:
A closer look on the daily timeframe also provides confirmation to our bullish forecast with the market potentially starting is 5th wave based on Elliot Waves Analysis. Ideally we’d want to see price action closing firmly above the resistance structure at $1.5700 then we can start looking for entires to hit around 1.6200
My overall bias is LONG and to see price action hitting $1.6250.00
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines. once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
BTCUSD Trade Analysis by WAVE FX AcademyHi Traders, here is my analysis for BTCUSD(Bitcoin)
Technical Analysis:
Monthly Timeframe:
Price action is currently in a strong Resistance Level, where the market turned heavily bearish the last time reached these highs and the situation appears to be the same today. The overall market has been in a corrective state and looks like a potential triangle formation in the process of forming, I will be watching this closely to see how it plays out.
Weekly Timeframe:
From a weekly perspective we’re seeing where the market has broke above it’s resistance structure followed by a retest of the previous resistance now acting as market support. Based on the higher timeframe showing we are also in a strong resistance zone on the monthly, I would need to see price closing below weekly support to provide confirmation short.
Daily Timeframe:
A closer look on the daily timeframe has put in context a lot of what was identified on the higher timeframes. We are seeing a bearish market sentiments where the market broke below daily support, with a retest of that previous support (now resistance) which also coincides with the 50% fibonacci retracement. This current market structure in addition to price action from the monthly and weekly would make a short trade the direction with least resistance.
My overall bias is still SHORT and to see price action hitting $7500.00
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines. once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
GBPUSD ANALYSIS by WAVE FX Academy (UPDATE)Market has broken channel to the upside, and we’re also seeing rejection of the 38.2 Fibonacci level coming from the recent bearish impulse. Given this scenario, should we see price action finding its way below 1.2800 we could see a bearish market continuation down to 1.2500.
With the US Dollar index still showing signs of weakness, I will still be Long the Pound, however, I’d be cautious of the approach until I can see some form of rejection from the Daily support, then I’d start looking for an entry Long.
My overall bias is still LONG and to see price action hitting $1.3400
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines. once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
CADJPY Trade Analysis by WAVE FX Academy (SHORT)Hi Traders, here is my analysis for CADJPY
Technical Analysis:
Monthly Timeframe:
Strong Downtrend market is active on monthly with price action forming a downtrend channel , with price rejecting a key resistance level . Ideally we should be expecting this trend to continue.
Weekly Timeframe:
Downtrend market structure also clear on the weekly timeframe , with recent price action in a retracement move. With the price failing to break $81.60, we are likely to see the market revisit the lows of $75.00. Ideally we’d want to see price action back beneath the weekly market structure acting as support to current price action.
Daily Timeframe:
A steady uptrend is clear on the daily timeframe , however, we are seeing where the market broke down below daily support and hovering around the trendline support. based on this market structure and what was clear on the monthly and weekly, I would be anticipating price action to continue lower. Personally I would want to see the price breaking that trend line with a well conditioned close to start looking for entries short.
My overall bias is still SHORT and to see price action hitting $75.00
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines . once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
BrainChip Holdings (ASX:BRN) - What I see happening from hereLooking at the chart today from BrainChip ( ASX:BRN ) I can see they it has a couple of potential directions from here.
Over the last week or so, the stock has been retreating back from its highs of close to $1.00.
Overall though, I can see 2 possible scenarios.
Scenario A
Holding current levels (which look good considering the 61.8 fib line placement) here could see a price grab back up to above $0.50. Holding there would mean BrainChip is still maintaining an overall uptrend and also holding above the 50 fib line. Breaking through the next level of resistance at $0.64 is critical for recover efforts. A bullish scenario overall with some risk.
Scenario B
Failing to hold here would mean a fall back to previous support and older trend line around $0.34. A note here though that the old trend line has less touches, so holding it is yet to be determined. However, the fact that we have a trend line and a support line means we might see a bounce.
Options
If I was looking to gain entry, I can do so immediately, however I would be prepared for further volatility. A further fall back to $0.34 could mean a need to top up the position with more cash.
I can also choose to wait for one of the following scenarios:
- A clean break up and out of $0.64, signalling a much stronger bullish case.
- A break down and a hold at $0.34, signalling a position of relative safety to begin investment.
Risk Management
I can deploy risk management techniques including limiting the percentage exposure to this stock, applying a stop loss if it falls too far or reserving cash to purchase lower entries and reduce my average, should I want a long term position.
Hope this analysis helps!
Note - this is a record of my thoughts for personal use only. Nothing here should be taken as financial advice. Investors and traders should always do their own research before buying or selling assets.
EURUSD TRADE ANALYSIS by WAVE FX AcademyHi Traders, here is my analysis for EURUSD
Technical Analysis:
Monthly Timeframe:
Strong Downtrend market is still evident on the monthly Timeframe with price action consolidating beneath a strong resistance level as well. Though Price has broke out and close above the trendline resistance, I would be very cautious with opening Long position from these highs given the price level on the monthly.
Weekly Timeframe:
Analysis on the Weekly is is showing where the market has broken out of its downtrend market environment and has also complete a possible 3rd wave of a new bullish run emerging in the market for the euros. If the 3rd wave is indeed complete, then we should be expecting the fourth wave corrective based on Elliot wave analysis, which would provide confluence of a retracement given that the market structure on the Monthly is showing price at key resistance.
Daily Timeframe:
Clear market consolidation evident from a daily perspective and based on current market structure, we can see the market break to either side. Given my analysis of the weekly and monthly I would definitely want to see the market breakdown lower before I look towards buying. On the short term i would bee looking at a short position should the conditions favours it.
My overall bias is still LONG and to see price action hitting 1.2500
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines. once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
EURGBP TRADE ANALYSIS by WAVE FX AcademyTrading View Analysis Template
Hi Traders, here is my analysis for EURGBP
Technical Analysis:
Monthly Timeframe:
Market has been consolidating for the past 4 years, holding the lows of 0.8300 and highs of 0.9300 as string support and resistance respectively. The current market structure shows where this consolidation may be the wave 2 correction, with a possibility of price breaking that 0.93 barrier very soon.
Weekly Timeframe:
Analysis on the Weekly is also providing confluence to the monthly market structure. We are seeing where the market is potentially starting the wave 3 bull run of the subway extension. We can expect a retrenchment to take place around the 0.93 monthly resistance, which would provide a good opportunity to buy. I will be monitoring the price action to see if we indeed get the breakout, otherwise, i would anticipate a retracement into the 0.9150 to 0.9100 zone
Daily Timeframe:
Strong bullish price action on the daily shows where market found price acceptance 3 month highs, which will now act a strong support to the market structure. We should anticipate further continuation to the upside.
This strong bullish pressure will definitely encourage more buyers into the market, however, I would personally wait for some form of retracement or a strong rejection off the 0.9100 support zone before I start buying.
My overall bias LONG and to see price action hitting 0.9500
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Like and Comment your thoughts . All feedbacks are welcome.
If you are new to FOREX trading, here are the definition for words you may seen mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines . once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where price tends to reverse after a sell off (lower price action)
Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs
Long: Taking a position to buy the base currency
Short: Taking a position to sell the base currency.
S&P 500 SO SIMPLE HUGE PROFITKeeping it short and straight to the point.
We saw a major drop in price at the end of the week, we have tested and rejected the previous all time high now acting as support.
If this support continues to hold monday i will be looking at a buy and my targets will be the previous high.
Consider following our tradingview page, and make sure you check out the bottom of this page for more trade analysis.
Good luck, stay blue,
Ash.
Long for 60 pips EURGBPNo nonsense approach simple clean price action trading all info in idea apart from the strategy (use your SL according to your OWN risk management)
Follow like and share for more clean ideas looking to change up all this guess work in trading forex, want to be successful and change your view on trading Direct message me!
82 forex