vbenking91

vbenking91

Just as discussed price is making it's move to the down side. It will be wise to close half and move stop to break even. 1.62640 support level is still the target 🎯🎯

vbenking91

Recent market activity has shown a change of character, indicating a potential shift in trend. Given this development, it's prudent to expect a pullback before considering any new trade entries. Before entering the trade, wait for confirmation signals to ensure the trend is validated. For taking profits, target the support level at 1.62640. This approach helps...

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*). Price Failed to Make a New High in the 4-Hour (4H) Chart:This indicates a potential weakening of the bullish momentum. When the price fails to reach or exceed the previous high on a 4-hour chart, it suggests that buyers are losing strength and sellers might start gaining control. This scenario can often lead to a reversal or a consolidation period before the...

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The price reaching the support level of 2332.00 just as Anticipated (congratulations) 🎊👏🎊👏

vbenking91

The price reached the support level of 1.08125 just as Anticipated. Congratulations 👏🎉

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In this context, "Price filled the FVG and as well tapped into the OB" means that the market price has retraced to fill the Fair Value Gap, indicating that the imbalance between buyers and sellers has been addressed. Additionally, this retracement has extended to the Order Block, suggesting that the price has entered an area of significant past trading activity,...

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*). Pullback to Fair Value Gap (FVG): The price is currently pulling back towards a Fair Value Gap (FVG). An FVG represents an area of imbalance in the market where the price is likely to react. Look for confirmation signals such as bearish candlestick patterns, volume increase, or oscillator divergence within this FVG to reinforce the bearish bias. *). Given the...

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*). Choch on 4H Timeframe: "CHoCH" stands for Change of Character, which is a concept used in technical analysis to identify a potential reversal in market trend. On a 4-hour (4H) timeframe, this indicates observing significant changes in the price behavior, such as breaking of key support or resistance levels. When a CHoCH is identified on a 4H chart, it suggests...

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Price Successfully reached 1.92258 just as discussed. (Congratulations 👏🎉).......

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Price Successfully reached Take profit 👏👏. This target is set based on our trading strategy...

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*). Consolidation Phase:The price has been consolidating for some time, indicating a period of market indecision. During this phase, the price is likely to oscillate within a defined range without a clear trend direction. *). Breakout with Momentum:Recently, the price broke out of a horizontal structure with a substantial momentum candle on the 4-hour (4H)...

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*). Overall Strong Bullish Trend The market is exhibiting a strong bullish trend. This indicates that over a period of time, the price has been consistently making higher highs and higher lows, reflecting sustained buying pressure and market optimism. *). 0.60409 Acting as a Strong Support Level The price level of 0.60409 is currently functioning as a robust...

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Potential Drop Towards Support Level of 1.08360. The EUR/USD currency pair is exhibiting signs of a potential decline towards the support level at 1.08360. This level has been identified as a significant support area based on historical price action and technical indicators. A few factors to consider: *). Technical Indicators: Moving averages, RSI, and MACD may...

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I am pleased to inform you that the price has successfully reached the take profit level we had set. This achievement reflects our well-executed strategy and market analysis. Moving forward, let's review the performance and strategize our next steps to ensure continued success. 👏👏👏

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Intraday Bullish: *. Trend Line Break:The price has broken and is trading above a previously declining trend line. This indicates a potential shift from a bearish to a bullish trend. *. Horizontal Structure Break:On the 1-hour (1H) timeframe, the price has also broken and closed above a significant horizontal resistance level. This further confirms the bullish...

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As a beginner in forex trading, there are three main basic factors you should focus on learning: 1). Understanding the Forex Market: *). Currency Pairs: Learn about major, minor, and exotic currency pairs. Understand how currencies are quoted and the significance of the base and quote currencies. *). Market Hours: Familiarize yourself with the forex market...

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Bearish Bias: 1). Horizontal Structure Break: Price action on the 4-hour timeframe has breached and closed below a significant horizontal structure, indicating a potential shift in market sentiment and the emergence of bearish momentum. 2). Falling Trend Line: A downtrend is evident as indicated by the presence of a descending trend line, further supporting the...

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1). Consolidation Breakout: Waiting for a period of consolidation to end before considering a trade. This implies looking for a period of price stability or range-bound movement before a breakout occurs. 2). Breakout Confirmation: I have been monitoring price movements on a 4-hour timeframe and observing if the price breaks and closes below a horizontal...