"A overview in the definition and importance of using trendlines , consolidation and breakouts in trading" -Understand the basics of drawing trendlines, identifying consolidation and support and resistance levels. Get familiar with connecting highs and lows and forming a trendline or reconize consolidation. -Run with the runners by understanding market...
A. Whenever you think about a country raising interest rates, we need to consider what happens to investors and where they are more likely to deposit their money. So, as we are expecting an increase in interest rates this month from the FED, there are a few reasons why we can expect the rand to weaken further: Here are three to consider… Reason #1:...
I have not labeled this a short, pending study of price action within this critical zone. So, for now this is for study and educational purposes only. Study, study, study price action in this critical zone and price action. Price action within this zone is very key to whether we will see selling or a continued buy.
with 13 confirmed coronavirus cases we might see the South African rand shooting straight to R18.00 to the dollar.
Purely for Demonstration and Education Purposes, Hence it is a Tutorial to get our wheels turning about possible outcomes. If market structure plays out...hummmm I wouldn't dare to say this will happen, but if it did, it would be a textbook play. Given the sentiment of the market with economic outlook of South Africa and Coronovirus fears, it's not far fetched. ...
This tutorial is for demonstration and education purposes. For full study as we go along please join my $19 subscription channel where we day trade based on price action at www.celestefrederick.com Price action trading is like reading a book. As price plays out we take note of what is occurring and can draw conclusions along the way based on price action at key...
This study is for demonstration and educational purposes, and study of this will start with the related idea which is linked below. As you recall, I suggested to long term buyers to beware. A few points I would like to make: 1. We are still in a bearish trend, until price breaches the trendline as noted in this tutorial. The bullish price action we have seen thus...
We had a great time this past Friday studying USD/ZAR and key zones/levels pertaining to this pair.. To Watch the replay of ForexNChill visit the YouTube video at www.youtube.com This idea is being posted as an educational post, following the study from the ForexNChill, where I share how I study this pair. A few things to note as we study: 1. Note price has...
USD/ZAR is experiencing what I would call a choppy market at the present time. In times of choppy markets my suggestion is always to look at other opportunities in the market. Why? In choppy markets, we see a lot of indecision. Its actually likely that you will LOSE money or try to chase the market to no avail. What we want to trade is a trending market..A...
Happy Wednesday! As we continue our study of this pair USD/ZAR we see price is at a very key point in the market. The market opened on Sunday with a gap. Price continued it's descent and pulled back to the 38% key fib level, which is also right at the market open gap point. Will price trade above Sunday market open, which will lead us to higher price, or will...
Now before I share this idea, let me tell you THIS IS FOR STUDY PURPOSES. This is what we do as traders STUDY. This idea is a tutorialL for now because I want you to read the contents and understand my profile. Let me preface before I begin a few points: 1. My trade ideas are for STUDY and EDUCATIONAL PURPOSES. 2. My goal in sharing with YOU is NOT to be...
Please note, this idea is for educational and demonstration purposes and does not constitute a trade idea or a signal. The entire idea is much too far out to predict. As such, this is a study. Trade at your own risk. To demonstrate please note the following: 1. This pair has seen an extended bull run. Given this we can expect the market to adjust itself by way...
As a follow up to my previous post (see below), we see that what we have seen in the way of sell activity was a deep pullback to the trendline. When we are not sure what the market is doing, it's best to wait than to presume. Let us also look left, we see retesting of key zone (wick). Will price continue up to 15.5 and above? Continue to study price action and...
USD/ZAR is by far my favorite pair to trade. This is simply a tutorial to remind us to always keep an open mind when we perform analysis. We can never presume which way the market will go. We must study zone to zone, swing by swing, price action, all along the way. Some may say we will see a drop , some may say we will see a rise, but what does the market say?...
WXYXZ triple three could be completed. MACD shows bullish divergence