Trend: Strong Buy Support/Resistance: R2: 0.63875 R1: 0.63660 S1: 0.63363 S2: 0.63103 Price action: Bulls from previous week still didn’t stop because the weekly candle from previous week just started move up stronger. Following momentum from previous days is showing potencial channel continuation. Potencial trade idea: Bulls targets: T1: 0.63660 T2:...
Dears, please, follow our instructions as mention on the chart. Good luck,
Another week is coming to an end and we have had some immense volatility across GBP pairs. We have some heavy GBP data this evening AFTER market close which has a high probability at showing if there is going to be a deal in regards to Brexit. With that being said, it is HIGHLY advised to close ALL GBP positions, as the future is unknown and come market open, we...
Dears, please, take care of your position as you can see we can enter when the price become bearish. Good luck
Hello traders, we would like to share some value knowledge, about structure based mostly on Wyckoff schematics. As an example u have marked up few areas identify by us on multiple TF to help u deeper understanding about markets and printed structure itself. Please, scroll left and right chart to see multiple examples of accumulation and distribution schematics....
Dears, Please, follow our instructions as per mention on the chart. Good luck
Market long term view is looking short, uptrend appears to be done and we should now be looking toward bear market overall in coming years.
GBPNZD - An Example of the Relation Between Price and Time Read more...
If Today's candle close below this trend line then we are good to go to 1.8120 But some correction is due.
agar up side break hota h to long or don side breack hota h to short
What Is Volume Profile? There are two ways of observing the total volume transactions in any market. As a spot forex trader, you can tap into tick volumes as an accurate visual representation of the total traded volume in the X-axis, which would then make your analysis be based on time. Alternatively, you can carry out your volume study through the vertical...
Technical Analysis: -Micro downtrend broken and is now being retested on the backside -Longer term uptrend has a 3rd touch and aggressive bullish candle from the two trend lines -Support & Resistance in the purple zone -Correlation with bullish AUD *Did not look at trading plan before executing this trade* *Similar to the AUDJPY call but this was a little...
I cannot emphasize enough to our traders in our group the Importance of looking on a higher time frame We Always Look @ the weekly chart, where is it i respect to your EMAs and RSIs Look @ the daily chart what is it doing today Plot on the 4 hourly chart for entry There is not enough Information in a 1 hour candle for you to decide whether to enter or not...
The notes to this trade are on the screen ** There was no divergence in this trade set up. **
Weekly - as we can see NZD has been on a downtrend since November 2016 and has been respecting the descending trendline on separate occasions and on every-time it has reversed heavily. NZDCAD is approaching a key level and double top region, the last price has broken through this area was 11 months ago in march, since then it has been rejected 6 times and we are...
Technical Analysis: (Same Exact Setup As GA) -Price broke below the MA aggressively -Broke below purple zone which was previously a strong floor and now retesting -Confluence between all three indicators Emotions: -I came into this setup a little late, I was eyeing this earlier in the morning and had it on my watch list but, I just saw this trade and am not...
After quite a drop we're now seeing a ascending triangle formed. Since I find the 'textbook" ascending triangles not very clear (some say it is a continuation pattern, some say reversal) To start learning more about this pattern I'm going to publish it here so I can find it back later on. Give me some feedback about what you think this pattern would do after the...