📚 LEARN MORE 💰 EARN MORE With ForecastCity Descending Triangle Definition: An Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high . It is defined by two lines: .A horizontal support line running through valleys. .A Downtrend line drawn through the peaks. The lower highs...
Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are...
I caught a nice trade here yesterday on AUD/NZD. Price had recently broken through resistance, and we saw a strong bullish break out move. As the bullish momentum slowed down, we saw bears come back into power and drove the price back down to resistance. At this pint, we need to look for 2 actions: - Either price will break through the resistance level and...
This pair has been stuck in a 10 pip range all day. The Banks are probably holding it and waiting for buy orders to fill in! Literally every trader on tradingview is screaming buy!!! IT WILL BE A BUY!!!! BUT NOT BEFORE THEY DROP IT AT THE MARKET OPEN STEALING EVERYONE'S MONEY!!!! ITS NOT THIS EASY FOLKS!! THEY KNOW EVERYONE IS BUYING
Market created a strong supply level on MN T, and respecting the ascending trend-line. let's see!
Hi Guys, before you watch the video, look at the analysis i have attached below for reference about what i cover in the video. If you have any questions,do drop them in the comments below or message me.
ANY CLOSE UNDER THE SELECTED AREA THIS CHART WILL FAIL
Hi Guys - all my followers and non followers.. I am getting back to releasing weekly episode/episodes of the ' Art of trading Psychology' in the aim of helping traders get in the 'zone' when trading. Mastering trading psychology is by far one of the hardest aspects in trading yet it is also the one that will drive you to you success as a trader if mastered. I...
Sorry guys Gbp news at 2:00am here in the states and 7:00am in Britain is bad! A ton more people asked for government benefits and this news will push gbp down. Then after news u can buy the pullback!!!! I didnt see this earlier! DONT SELL THE NEWS!!!!!! TRADE AFTER THE NEWS IS OVER
There is apossibility (A strong one) that Gbp will move up, but then fall for another retest of support. Then it may hang out at support again stopping out pullback buyers until just after london session starts. And then start the pullback at london session. if i get my entry im keeping my sl tight and taking whatever profits i can. If i see price trying to...