I got a wadge in this pair but it is trading in the middle of this range now i am waiting to break any of this like I have drawn.....after breaking this line the execution opportunity will come ....keep in mind anything can happen so risk management is the key of profitability
I got this chart like it is going to complete a wadge pattern probably. now I can say it's a valid pattern in terms of a minimum 4 touches...but of course, it is not the complete confirmation you have to wait for less momentum if you see that pattern which can give a sell signal. then you have to wait for a valid breakout. Reminder:- keep in mind that no matter...
it is going to complete a flag pattern after a clear upside move. so as the previous upside move, we can think that the next move could be upside after the valid breakout of this flag. I am not telling you guys to execute the market right now....wait for a valid breakout wait for better confirmation...then define your risk and then take the position. note:- let's...
a flag is forming. keep on breaking this flag to prove the validity of that flag...risk management is the key
xauusd(gold) trading at an all-time high. so with the Dow Theory when a market makes an all-time high it will back to the most recent broken price. of course, you should wait for a reversal point. note- keep in mind market takes less time to build a pattern when it’s about the bull market to move down. and when the market is bearish then it’s taking much time to...
this chart is going to complete a head and shoulder pattern in the daily chart. of course, you have to wait for the validity of this pattern. the validity of the head and shoulder pattern is it should break the neckline. otherwise, it’s not a valid pattern.
usdcad made bearish candle so i am looking sell position today...
set sell limit order. with your risk managment. it can make down move today.
usdcad made spike then back to my line. so i am bearish on it
USDCAD overtaked 9 january high. So i am bollish on usdcad today.
yesterday NZDJPY made strong bull candle so tody i will take entry based on it.
traingle break out done. waiting for candlestick confirmation. so lets waite more. any thing can happen. dont take risk more then 1%. good luch
yeasterday it made nice bearish move. so today i am thnking i can get another bear move shortly....so wait for side way trend line break out. dont take risk more then 1% of your inatial capital
EURUSD forecast and something about this pair features of the EURUSD currency pair among the main advantages of this pair of currencies are : high and stable liquidity ratio there is a lot of information available to a wide audience for making a decision. stable economies of the eurozone and the united states the good position of these countries in the commodity...
hi friends I got and bearish candle which made yesterday. in the 4h chart, I got a bearish pennant pattern. so I hope it will make another down move today. let's wait to test the 50 and 61 fib levels. after testing this level I will take a short position. if you want open trade then please you have to manage your risk.