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GBPNZD is Bearish !!!! SELL.GBPNZD is currently on a downtrend and price is currently in a zone of interest at the 61.8 % fib level.
I am currently looking for a break out and retest out of my Asian box.
Expecting a move around 3:30am or at 4:30am est.
My chart markup was done on a 1hr. Looking for entries on the lower time frames for selling confirmation.
If you like this idea or have your own opinion about this pair, please comment below box. I would love to reply.
Trade at your own risk. Have A Good Trading Day!
100 ways to read a chart Especially for beginners it can be very confusing to interpret a chart ... patterns, indicators, oscilators. SDMA, EMAs, Fibonacci.
If you are interested, I would be happy to go into more detail about individual tools and setups, but today I will just give an overview of which tools and types of trade are available.
Timeframe
Trend trading months to years
Swing trading days to weeks
Intraday 1 day
Scalping seconds-minutes
Different markets
Forex
Stocks
raw materials
Indices
Cryptocurrencies
The main technical indicators
Simple moving average (SMA)
Exponential Moving Average (EMA)
Stochastics
Relative Strength Index (RSI)
Commodity Channel Index (CCI)
Moving Average Convergence / Divergence (MACD)
Bollinger Bands (BB)
Chart types
Line chart
Bar chart
Candlestick Chart
Point & Figure Chart
Renko chart
Three line break chart.
Kagi Chart.
Heikin Ashi Chart.
Trade setups basic types
Continuation
Reversal
Sideways
Break out
My personal preferences
EW
Algo's
Pattern
Price action
EMA's MA's
RSI
MACD
KDJ
TAR
Stoch
BB
Pitchfork
Gan
The world of finance is diverse. It is very important to choose a style that suits your psyche, preferences and the amount of time you want to spend.
I would be grateful if you support my post whit likes and comments
Have a nice trading day
USD/CHF Elliott Count !! Trade the 5.WaveHello Elliott-heads !!
My count:
We are currently in the 4th wave of the 5th. The probability that we will retrace to 0.236 -0.38 is very probable.
My personal goal lies at 0.95
Entry 0.93599
Target 0.95031
S / L 0.9314
R / R 3.12
Traders, if you liked this idea or have your opinion on it, write in the comments, I will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Dyor and trafe save.
NZD/JPY short opportunityHy traders
I hope you had a nice weekend so that we can start the new trading week calmly and evenly.
After retesting the double top , I expect the downward trend to continue!
Look for reversal formations in LTF
S/L and targets can be found in the chart.
Please support my posts with your likes and comments.
Dyor and trade save, things can change!
Trading worckstationBeginners often ask me what the optimal trading PC looks like, what to look out for and whether there are special requirements. In pictures you can often see these trading workstations with countless monitors, etc. But the truth and the conclusion right away:
You don't need special equipment or a special computer to trade successfully. If you are able to read this article online, you probably already meet the minimum requirements for a trading PC.
Successful trading depends on factors such as trading psychology or the right strategy! Not from the equipment. I can also buy marathon shoes now and still wouldn't be able to endure 2 kilometers running.
I even advise you, as a beginner, in most cases not to buy a special trading computer. For the following reasons:
You don't need these countless monitors, which you usually see on any pictures, because you concentrate on one or a maximum of two markets. Everything else just distracts you, stresses you out and makes for one of the most expensive mistakes in trading: trading too much!
Quite pragmatic: money is better off on the stock exchange. The monitor and your trading PC will only be worth half in a year. If you are clever with the money, it will be worth at least twice as much.
So the following tips are all optional and come from my personal experience. For beginners, it is better to invest the money in knowledge.
I value the following factors:
reliability
Fast start / operation thanks to an SSD hard drive and a good processor
as low a volume as possible
Operation of several monitors possible
Solutions with multiple monitors are particularly interesting for traders. I currently use 3 monitors (but 2 are usually absolutely sufficient)
When choosing a trading PC, I don't pay so much attention to the price, but rather to purchasing reliable devices from large, well-known brand manufacturers. They offer long-term support, good expandability and high quality and reliability.
Since trading is about money, that's more important to me than saving a few euros on a one-off basis.
Since I usually sit in front of the computer for 12-16 hours, an ergonomic workplace is also very important to me.
What is important to you, what kind of equipment do you trade with, you are cordially invited to leave a comment
REEF/USDT$REEF/USDT is bouncing on it's support and has the potential to moon in march. Be prepared for the rocket to moon and don't get left behind
possible scenario EURCHFtechnicals:
eurchf is moving inside an ascending triangle,
I expect eurchf to drop first back to our trendline,
The last time that eurchf broke this resistance level was back in 2017
!! Ascending trainle is a bullish pattern, if the price can break this triangle I am buying eurchf
fundamentals:
Monday: Eur -> speech (President lagarde)
Thuesday: Eur -> CPI
Wednesday: Eur -> GDP
DISCLAIMER: I'm only sharing my opinion, I am not giving any advice. Use proper riskmanagement.