Beginner
Possible drop in the market This is a possible drop in the market, and everything can go south if my prediction is wrong.
(Playing it safe with my entry)
Let's try this againWill the price fall?
originally I had thought there was a bear flag formed but it has come to my attention it is just a breakout! hehe, practice makes perfect! now we wait
Prediction: GBPJPYA small long 1.7RR (5m)...
Afterwards,
It might take another bounce or two then a good short sale will be on the cards on the larger time frame.
NASDAQ- Thursday reviewNasdaq went down by 300 points yesterday. The fundamentals gives us reason to believe there will be a fall but the technicals has not shown that yet, technicals show that we are still having a pull back but in an uptrend. I am expecting more pullbacks today, the dept at which it falls will determine if still making corrections to the downside or we have a trend change.
GBPJPY Potential Buy "Beginner Analysis"
The daily timeframe shows its in an uptrend, the 4h shows a downtrend. If the key level is broken then the daily timeframe is invalid.
EUE/NZD Shorting 2 optionsWhat do u think about shorting Eur/Nzd. It looks like it will fall back to support levels. What do u think?
Potential buy on USDJPYI am brand new to technical analysis this is my 2nd ever chart 😅 Grateful for any assistance in getting to grips with the tools and functionality of this site as it seems to have ALOT to offer 👍🏻
NYSE:RNG $276 TargetDISCLAIMER: I'm a beginner and this is one of my first attempts at analyzing a trend. If you think my reasoning is wrong here, please tell me.
We can see that NYSE:RNG price is currently consolidating, with lower highs and higher lows, and after this consolidation period the price should begin a new trend. Given the bullish history of that stock, the fact that overall we're still in an ascending trend, and that the market is slowly recovering from the COVID downtrend, I think its price should continue to rise a little bit, break the 1st resistance and reach at least the 1st target (but I don't think it will break the 2nd resistance).
Target 1: $276
Target 2: $283
Target 3: $290
Should i sell it?? I am beginer.I am trying to learn fx and i dont know if my strategy is ok. Plz tell me if i made any mistake and if i predicted the eur/usd right.
4010 Buy CallTADAWUL:4010
Hello,
I am a beginner trader and bought 4010 at 23.54 SAR based on below. Only using the basic technical analysis till now as i'm still learning.
1- Structure broken (Resistance broken 8-Jun-20)
2- High volume and Bullish engulfing candle recently
3- EMA(50) overlapping EMA(200)
Target is short term trade and will close if reaches around 28SAR.
Appreciate your feedback, tips or corrections in my approach. thanks a lot
NASDAQNasdaq will probably have a retest to the downside before heading back up. A new resistance has been formed and in the new week, we will know how strong the resistance point it.
I thought it would break out and it has wooo!I thought it would break out and it has wooo!
Wasn't sure on which direction at first.
A possible long opportunity. Anticipating a wedge breakout 4HPossible wedge breakout coming and we might see $18.53. I'm bullish on Gold as well
GBPNZD - 4h LongOANDA:GBPNZD Took a Buy on the retest, and having a buy stop, i think it's going to be a bug bullish move. let me know in comments what you guys think? :)
GBPAUD - 4h BuyOANDA:GBPAUD Looking for a big bullish move, let me know in comments what you guys think? :)
AUSSIE DOLLAR FOR A SHORT? AUDUSDFOREXCOM:AUDUSD
Note: (MARKET IS REACTIVE AND NOT PREDICIVE)
From a daily perpective, price has clearly rejected the resistance zone and has created a historical double top.
Price is also at a support zone and we can see a break in support
Since market price moves in waves, the price can break the support and retest the broken support before making a move to the target of 0.61764
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
With this 200 pips can be caught.
Also we see there are two uptrend lines which acts as a support, one has been broken, with a few candles the other will be broken. If this happens we can confirm with the strategy used to initiate a short position
Entries will be initiated using one hour or four hour timeframe.
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
Analysis with rectangular trendAnalysis made with rectangular trendline. It respected the 200-level, so it is expected to drop more.
SELL
EP: 69.200 - 69.000
TP1: 68.800
TP2: 68.500
TP: 68.000
SL: 63.350
This is my personal trade and analysis as a beginner. Not a financial advisor.
Hello guys need feedbackHey guys usually with a chart looking like this does it counts as a staggering/crawling indication or a correctional phase?
GBPUSD - 4H Will Go Long After some timeOANDA:GBPUSD will go long but after some time not now, price might come to this purple and white line junction, or starts an uptrend after hitting the white line, it's just my idea, let's see how it goes, if you like the chart and analysis please like, follow and comment. Happy Trading :)
NZDJPY Short on 4HOANDA:NZDJPY NZDJPY seems good to short now, as it's currently on a ranging resistance, with RSI at its peak it gives a good indication it will move downwards, so good for sell
