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Learnt the hard way of joining a scam group of signals before finding a great mentor who taught me what I know.
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All the information is on the chart but we have reached a strong daily support along with a bullish trendline. This along with our stochastic showing us price has oversold should mean we see some bullish movement into next week.
You don't need to wait for that bounce off a strong support or wait for everything to happen before you enter a trade. Stick to a trading plan and you will go far.
Simple setup here - 1.21680 where the thick black line is is a strong daily support level. Once price pushed passed this we could have looked at positions to buy. However, as it is a daily level, if...
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Here we can see GA has started it's drop down where we can just wait for price to reach this resistance level and we will look for buys on this pair.
What did we tell you would happen here?
Nice little bull run which hit TP over night and then all whilst sleeping the bulls took back over and now we have our 2nd position ready to close.
Keep your trading simple.
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If you are struggling trade seek support and help from someone who won't just send you signals as you will never learn just following what somebody does. Talk to someone (not particularly me) who will teach you how to read charts.
Here we are trading the £ upwards and letting the bulls take back over this setup.
Little breakdown of the chart for you here. I'm looking to buy off the daily support level up to this level of structure. If the trade goes to plan we should see the nears take over again and for price to continue back down on it's run. If this does plan out as expected then we will also be able t add a fib rentracement from the recent swing high, to the low and...
Successful traders should do all they can to help others yet you see these 'Forex Guru's' on Instagram living these fancy lives driving rented Supercars etc yet people fall for their marketing skills to draw you in to use their service when in reality trading is hard work, it can sometimes be 10 hour days.
These 'Traders' never tend to share their charts on...
If you don't have a trading plan how do you take your trades? You should always have something in place.
For example, here on AUDNZD we can see we have a clear bullish trend but currently nothing else, the way I trade tells me that currently I should do nothing but wait.
Price will of course go up or down but where price currently is I may as well flip a coin...
Afternoon all! hope you've all had an awesome weekend.
Here we have a nice looking setup on USDCAD. If you correlate this along with it's pairing Oil then you will see there is some correlation showing that Oil should continue to rise meaning USDCAD should continue to fall.
Here we have a 4hr Bearish trend along with the fib retracement a nice support above...
Here I'm showing an example of a setup I was waiting on today. Price to make the impulsive move up and react off this structure level along with the 50% fib. Unfortunately, I wasn't watching the charts and price instead reacted a bit lower and started falling from the 38.20% you win some you lose some. Either way we can still learn from this.
I missed a small...
Another setup to walk you through. Any successful trader should not be afraid or too proud to not want to share their knowledge or help new beginners. Of course teaching and the rest of it comes at a cost but if you can lear something from these charts and explanations then happy days!
So, we can see that GA is very bearish on the 4hr timeframe. You can also see...
Evening all, A nice setup here for me to run through for you all.
If you do need help, all you need to is ask. I don't bite ;)
Ok so, you cannot really see it but to the left we have prior structure which lined up nicely with the 50% fib which would have been our perfect entry and where a sell limit was in place. As we saw price was starting to slow down...