8 Major Currencies 01/12/2023 Class A LONG (The moving average difference hits a new high after divergence reversal, and the colors of the moving average slope and the moving average difference are green. ): AUD Class A SHORT (The moving average difference hits a new low after divergence reversal, and the colors of the moving average slope and the moving...
8 Major Currencies 01/06/2023 Class A LONG (The moving average difference hits a new high after divergence reversal, and the colors of the moving average slope and the moving average difference are green. ): USD AUD Class A SHORT (The moving average difference hits a new low after divergence reversal, and the colors of the moving average slope and the moving...
ENTRY: 0.006999 SL: 0.006870 TP: 0.007215 Reason Breaking out of a rectangle.
Starting with the 4 hour timeframe, the yen is finally starting to show some life as the oscillators give several indications. On the larger timeframe (reference charts below) you can see we're also testing the descending support. For now, I'm not suggesting a complete a reversal put a possible pullback towards the mid-channel pivot is warranted. Let's now take a...
Pair is range bound with equal highs and Lows in the support and resistance zone so the idea is to take long position over a short term 1H time frame as bullish candles are in the making.
I think this will happen. Support: 0.00779 Resistance 0.00819 Also, if the resistance range of 0.00819 is broken, this analysis is invalid.
This video entails the two major ways to trade a trendline. The major ways are trend continuation and trend reversal. This video explained the basic approach to trading trendlines. There are more advanced approach you can use with trading trendline which confluence trading. Confluence means backing up your analysis with another technical analysis tool. Example;...
This video explain how to draw trendlines in a simple way. The next video on trendline will be on how to trade using trendlines. Kindly comment and give a thumb up button if you find this video educational.
Hi Team, For those that don’t already know, I really am a real life doctor working in the NHS. And in this profession where we are expected to know so much, what is actually more important than knowing everything is knowing where to find the information you need. This is something that can also be applied to trading. For example, take a look here at this...
Trend reversal is expected Bearish trend to be converted to Bullish
look for the smaller pattern to play out and then the bigger one , so one more move to the downside expected AUDJPY still the same based on the AUD and JPY currency analysis
Its hit an important/hard level. Looking to short it.