Hello!
I would like to practise also in the Forex setups! Just trying to make some technical analysis and let's see how those plays out!
Definitely, this trade is just a rush into the Forex markets and no fundamentals and no news behind that
Short criteria:
* We have a breakout from continuation pattern "Rising Wedge"
* And like the textbook says - sell the breakouts after the retest - so, we have a retest at the moment
* On the retest are we could see a round number 1.16000 which works as a resistance
* There is also small Fibonacci retracement 62% & 70.5 level, which works as a resistance
* Trend is Your friend
Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You very much!
I would like to practise also in the Forex setups! Just trying to make some technical analysis and let's see how those plays out!
Definitely, this trade is just a rush into the Forex markets and no fundamentals and no news behind that
Short criteria:
* We have a breakout from continuation pattern "Rising Wedge"
* And like the textbook says - sell the breakouts after the retest - so, we have a retest at the moment
* On the retest are we could see a round number 1.16000 which works as a resistance
* There is also small Fibonacci retracement 62% & 70.5 level, which works as a resistance
* Trend is Your friend
Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You very much!
Note
We got a nice bounce from the mentioned level and after the 1h candle close we got a "Shooting Star" candlestick pattern, which also indicates bearishness!So, now we have 6 confirmations because we can add a "Shooting Stars" candlestick pattern also to the list!
Note
Here You can see a bearish candlestick war! Today we have three bearish patterns - "Evening Star", "Engulfing" and "Shooting Star"At the moment price retest the round number area which is 1.16000 and if we get a bounce downwards then it would be a nice confirmation!
Trade closed: target reached
30pips and TP 1. reached!That was nice!
SL to the entry point and TP 2 here we come! :)
Trade closed: target reached
TP 2 DONE 50 pips!!Nice entry to the Forex ;)
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.