Euro is choppy to bear market with a lot of PA signals from both sides. Unfortunately, there isn's any clear trend which could give us a context in which those signals appear. So, for this moment the best advice would be to stay out of it
Hello, I gave a short signal recommendation last week on GPUSD. Unfortunately, the price went back and now is above falling trend-line as we can see on a screenshot. I lost 2.5% of my capital and really do not understand what is to worry about it.No revenge trades, no compounding, no trying to understand why my trade didn't work out, just accept the loss and move...
GBPUSD broke a trend line formed on many many weeks so we have 2 choices at the moment:
1.to short right away or
2. to wait for a price to break support layer in which it is right now.
My choice is second: If price breaks this descending triangle I will enter short
We are heading towards a resolution, at least that's how it looks right now. So, we are waiting for a triangle breakout and we will act accordingly. I personally prefer short position but that is not important because as someone said: "The price is always right!".
EURUSD reacted nicely to support around 1.1200 just as I said it may happen in previous posts. The main problem is that we don't have a clear contextual picture of this market, so any trading signals in this moment would be with smaller winning percentage and I try to avoid such trades. So, stay aside for the time being.
Hey Traders, based on weekly and monthly charts and also on some fundamental aspects I am waiting for a good opportunity to go short GBPUSD. One scenario would be a trend-line break full candle confirmed by high volume. So, we'll wait for the time being.
Euro is still in no man's land but from a PA technical perspective, we may see Tree Inside Down signal from a falling trend line. Now, everything would be nice if that signal has formed in clear bearish trend and bearish context. The context we're looking at the moment is very choppy and may turn very easily in either direction. So, stay aside, or, if you wish,...