Get started

Follow

AUDUSD: possible long scenarioI have short position with 0.6779 stop (check my previous post) and i think if audusd breaks that level i should be with buyers. ..global uncertainty around China seems to have calmed down a bit, also recent RBA's statement had positive note regarding Australian economy. So joining bulls from 0.6779 with 0.675 stop and 0.687 T/P level provides decent R:R (3.14). Keep in mind that this idea might be realized in several days and opening long position in AUDUSD results negative swap. // Feel free to share your opinion/position via comment and follow me to stay updated.
Long
by GIgor_021
Possible EUR/CAD short Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 2-3 Days A – Activating Event Market will meet resistance in zone @ 1.4536 - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 1.447 C - Fundamentals that may affect the pair N/A D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 1.447 Target 2 @ .... Risk/Reward @ 1.5.1 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
1
EUR/USD- SECOND WEEK OF MY JOURNEY Hello Traders and Welcome. I will describe what the chart illustrates about the Euro Vs. U.S Dollar. A combination prediction of Trend reversal (short and long term), breakouts and pullbacks, with the most important figure of analysing charts and specific these market (The foreign exchange market, Forex, FX, or currency market) the Simplicity. No technical indicators no fundamentals. First of all, the downtrend line works like resistance and from the history has been tested several times, this trend line comes all the way back on 2018. Fan line is the line inside the trend channel, is not an accelerate trend line but works like that with one similar performance. If you move the mouse on the left you will see the formation of the downtrend channel and the support trend down line of this channel. The close tonight shows the fight of the bulls and the bears on daily time frame and the successful retest and not yet bounce the fan line that we mentioned above. I expect break of the resistance trend line and the second try to printed enough strong for break it. If the forecast proved successfully we can put new take profits targets of the major horizontal resistance key area, everything depends on the price action basically. Retrospectively, I suggest to have always two plans, depending on how the market moves and after apply the propriate risk management with the stop losses and the lot size, to comes first. From the finish of first week back to trading and 1 day off because the NYE, I am pretty confident and I close with profit of 346,56 Euro and not even 10% loss . Thank You very Much About Your Time Talk Again Soon (Friday 01:05 Athens, Greece) John Vasilopoulos
Long
by GiannisVasilopoulos
Is NEO ready to SURPRISE everyone?NEO is on the verge of a larger breakout. How far is bull-run from the truth? Not far, is it? What does the chart tell us? Please understand longer-term volatility is still in the stage of compression. This can be seen by the purple 200 MA Bollinger Band. Because we are compressing, the market is building up potential energy, or in other words conversely shedding mass. Soon there will be enough energy (or little enough mass) to move the markets one way or another. The longest daily over-expanded period is 65. This can be seen on the three-dimensional heatmap, and as soon as enough volatility evaporates, NEO will be ready. The longest 4H over-expanded period is 508, and therefore we could see a further decline to around the 1106 level. Please, use the lower 50 MA Bollinger Band (turquoise color) for approximate reference on the daily graph. Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility. Follow @MeowSignals for more insights! Also make sure to visit our... Facebook: www.facebook.com Website: (coming soon)
by UnknownUnicorn6031161