THIS IS NOT A SIGNAL BUT AN EDUCATIONAL POST FOR STUDY PURPOSES. If you enter this trade you do so at your own risk. This study allows us to watch price action as it approaches a key level in the market. We watch to see if price will respect this key resistance zone, or if it will reject it and continue upward. This pair can be correlated somewhat to USDZAR in...
This trade idea is a study and does not constitute a signal. Trade at your own risk. Price is currently forming a bearish flag. I'm looking for two scenarios: 1. Price makes its way to the top of the channel, which would be the 50% fib level from swing high to swing low. I would look to sell at that point as noted. 2. Price may not make it to the top of the...
In this educational tutorial I cover key areas to help you succeed in your trading. You will see from my shares that I do capture hundreds and sometimes thousands of pips weekly. Please enjoy this and I hope this helps you as you trade the markets. At the end I give you information on how you can obtain free materials to help you learn this skill of forex trading,...
This is not a signal. For now WATCH for confirmation Price contained within this wedge formation for a while. Trendline confluence; love the long legged doji, which signals possible reversal. Looking at possible buy to at least 50% or 61.8% fib level. Trade at your own risk. Wait for confirmation before entering, is my suggestion.
For now WATCH; THIS IS NOT A SIGNAL but education. Price confluence with trendline on higher time frame. Fib level confluence. Looking nice for a double bottom if plays out. See also linked trade idea below for possible teacup formation long term. Watching for confirmation as always before entering. Trade at your own risk. Be sure to click the follow button in...
This is Not a signal to sell! As always I encourage you to Watch price action FIRST to see IF price breaks this key level in the market that is noted. Please see the attached idea which explains price action of this pair. Bullish momentum could be exhausting, given most recent price action. Two things of note: 1. Price respect of trend line as noted. Note...
Please refer to the attached educational video on study of price action. We always want to wait for confirmation before entering any position. Price is currently at a key zone in the market. We cannot assume that price will respect this key level in terms of a reversal for a buy or a continuation for a sell. We must watch price action. Today we had an impulse to...
The video tells it all. Be sure to like and offer comments. Please also click the follow button in the lower right hand corner. Be sure your notifications are on as well. Follow me on Facebook and Instagram as well. Links are below. Trade at your own risk. This is for demonstration and educational purposes.
Possible bearish pennant formation on this pair. Note possible trend line confluence as well as 61.8% fib level target. Initial bearish outbreak gave us approximately 200 pips. Breakout to target would mirror another 200'is pips. I do believe long term we will see higher prices, but for short term we have to take what the market gives us. This trade idea is for...
This is a short term trade idea for educational and demonstration purposes. Price is not obligated to reach these areas. Always use proper risk management. Trade at your own risk. We have two possible take profit zones. TP Zone 1 : Approximately 225 pips TP Zone 2 : Approximately additional 200 pips TP Zones may or may not be reached. This is simply an idea....
I will keep this post short and sweet or at least I will try. If you kept up with my comments on my last post about this pair (see linked idea below), you were reminded to watch price action to see if a short would come into play as an option. We did this to study zone to zone. The comments also provided updates on why as we went further along I was not inclined...
Please let me preface..this post is for educational purposes. It does not constitute a signal. It is a study. If you enter this trade you do so at your own risk. This pair is extremely volatile. Please read this post in entirety DO NOT place a short on this pair until you see confirmation that this idea is coming to fruition. Right now we are far off and I...
Please note this trade idea is for demonstration and educational purposes only; it does not constitute a signal. This idea is a long term possibility. Given all factors including fundamentals, no one can with 100% accuracy know for sure that long term ideas will play out. We must follow price action. It will be interesting to see how this pair plays out long...
This idea is for demonstration and educational purposes only. I suggest If your account can handle the risk for this idea, it would be a great set up. Possible 700 plus pip reward.For demonstration, I placed my stop loss above the key of support as noted. I do not recommend this, but if you wanted to stand a little bit more risk you could allow more room for...
I have been watching, scalping, Intraday trading, and repeating the cycle for the past couple of months, while waiting to see if price will break this major area of resistance as noted. I like the bounce off the 50% fib level as noted, which would be the perfect making of a handle. Now watching price action, along with the DXY, which also seems to be hitting...
Let's start with the fundamentals this time. Please refer to my attached update below, where we took profits after asking the question, "Can the Rand Withstand the Pressure?". After a little consolidation and whiplash on the lower time frame, we saw a big outbreak to the upside of this pair. The rand weakened yet more as markets became jittery over the...
First let me preface this by saying I am always a student of the markets. My analysis is an educational study and is for demonstration and study purposes only. We must study the market closely and understand that market conditions are subject to change. Thus, I say, as always, perform your own analysis and trade at your own risk. Always use proper risk management....
Double bottom formation at key level in the market. Note the strong wick rejection (doji) around the key demand zone, as circled. Price will pull back some and it will take some time for this idea to come to fruition IF it does. I put my stop loss beneath the double bottom for a low risk to reward trade set up. Please see linked idea below to follow from start....