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💵U.S.Dollar/Canadian Dollar 💵Analyze !!!U.S.Dollar/Canadian Dollar made Bullish Gartley Harmonic Pattern , and I expect that it will grow from TRZ (Time Reversal Zone). I showed you the targets of the Bullish Gartley Harmonic Pattern in my chart. 🔅U.S.Dollar/Canadian Dollar Analyze ( USDJPY ) Timeframe 4h ⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Long
by pejman_zwin
XRPUSD cryptocurrency this week has attempted corrective growthXRPUSD cryptocurrency this week has attempted corrective growth, Yesterday, a strong impulse could be observed at the XRP. This is due to the fact that the new Biden law put a checkmate in the case with the SEC. I'm expecting XRP to cost more to be part of the new financial system. During the first cycle, we had a strong bullish impulse which was then corrected by a complex WXY structure as indicated on the chart. Wave W was a simple ABC, wave X was also an ABC structure with wave B a triangle, and the Y was an impulse 12345. Around 20th Feb-2022 a new cycle is beginning, we have had the first wave completed and retraced at 78.6% fib level. investors can now buy XRPUSD with a protective stop at 0.600.
BINANCE:XRPUSDLong
by oxxygee
The 2 Different Market Condition 💰💰💰💰 Balanced Market Occurs 1)Before any bigger economic events, news are expected (e.g RBI policy announcement, FED meeting ..etc) 2)Consolidation in the market after the uptrend or downtrend. 3)Low Participation from the Other timeframe players or Institutional players (Christmas & New Year holiday season) 4)Lack of liquidity(both buy side and sell side) in the market. The result of this price rotational process is the discovery of prices that are acceptable to both the buyers and the sellers. 💰 Imbalanced Market : It represents a trending market (uptrend or downtrend). Imbalanced market shows the conviction of other timeframe players. The auction is said to be one sided or directional where there are either more Buyers than Sellers or more Sellers than Buyers depending on the direction of price. Imbalance of buyers will drive the prices higher till the buyers exhausted and the sellers take control of the market. And the Imbalance of Sellers drives the market lower till the sellers get exhausted and the buyers take control of the market. 💰 Imbalanced Market Occurs When 1)Major economic event days (RBI rate decision day, Election Results Day, GDP Announcements…etc) 2)Major catastrophic events. 3)Opening Gap Up or Gap Down days due to major positive or negative news impact. 4)Strong Global Markets Sentiment.
BINANCE:BTCUSDEducation
by AnonimFXRO
Marubozu Candlestick Pattern 📉📉📉📉 What is a Marubozu in forex? A Marubozu is a long or tall Japanese candlestick with no upper or lower shadow (or wick). The candlestick pattern comes in both a bearish (red or black) and a bullish (green or white) form and is easy to spot due to its long body. It basically looks like a vertical rectangle. 📉 How can you tell if Marubozu is bullish? The closing Marubozu is a stronger candlestick pattern. It is formed when the close price is equal to the high or the low of the day. When the close price is equal to the low then it is called bearish and when the close is equal to the high it is a bullish Marubozu 📉 What happens after a Marubozu candle? After two long red candles, the bearish Marubozu close pattern occurs, which signals that the bears are still a dominant force. Ultimately, the price action continues to move lower as the market was very bearish during this period of time 📉 How do you use a Marubozu candlestick? Basically, when trading marubozu candlesticks, Watch for bullish or bearish candlesticks to form. If bullish, take a long when price breaks above. Place stop below candlesticks. If bearish, take a short when price falls below. Place a stop above candlestick.
BITFINEX:BTCUSDEducation
by AnonimFXRO
Three Black Crows Candlestick Pattern 📉📉📉Three black crows is a phrase used to describe a bearish candlestick pattern that may predict the reversal of an uptrend. Candlestick charts show the day's opening, high, low, and closing prices for a particular security. For stocks moving higher, the candlestick is white or green. 🎯 The three black crows candlestick pattern is considered a relatively reliable bearish reversal pattern. Consisting of three consecutive bearish candles at the end of a bullish trend, the three black crows signals a shift of control from the bulls to the bears. ✅ The black crow pattern consists of three consecutive long-bodied candlesticks that have opened within the real body of the previous candle and closed lower than the previous candle. Often, traders use this indicator in conjunction with other technical indicators or chart patterns as confirmation of a reversal. ✅ Three Black Crows Explained Three black crows are a visual pattern, meaning that there are no particular calculations to worry about when identifying this indicator. The three black crows pattern occurs when bears overtake the bulls during three consecutive trading sessions. The pattern shows on the pricing charts as three bearish long-bodied candlesticks with short or no shadows or wicks. In a typical appearance of three black crows, the bulls will start the session with the price opening modestly higher than the previous close, but the price is pushed lower throughout the session. In the end, the price will close near the session low under pressure from the bears. This trading action will result in a very short or nonexistent shadow. Traders often interpret this downward pressure sustained over three sessions to be the start of a bearish downtrend. ✅ Limitations of Using Three Black Crows If the three black crows pattern involves a significant move lower, traders should be wary of oversold conditions that could lead to consolidation before a further move lower. The best way to assess the oversold nature of a stock or other asset is by looking at technical indicators, such as the relative strength index (RSI), where a reading below 30.0 indicates oversold conditions, or the stochastic oscillator indicator that shows the momentum of movement. Many traders typically look at other chart patterns or technical indicators to confirm a breakdown, rather than using the three black crows pattern exclusively. As a visual pattern, it is open to some interpretation such as what is an appropriately short shadow. Do you use this candlestick pattern ?
BITFINEX:BTCUSDEducation
by AnonimFXRO
Trading Psychology 📉📉📉✅ If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game We use market analysis to identify the patterns, define the risk, and determine when to take profits. The trade either works or it doesn't. ✅ In any case, we go on to die next trade. It's that simple, but it's certainly not easy. In fact, trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be. ✅ The mechanical stage of trading is specifically designed to build the kind of trading skills (trust, confidence, and thinking in probabilities The first step in the process of creating consistency is to start noticing what you're thinking, saying, and doing Creating a belief that "I am a consistent winner" is the primary objective 🎯 I AM A CONSISTENT WINNER BECAUSE: 1. I objectively identify my edges. 2. I predefine the risk of every trade. 3. I completely accept risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually monitor my susceptibility for making errors. 7. I understand the absolute necessity of these principles of consistent success an d, therefore, I never violate them. 🎯 The greater your confidence, the easier it will be to execute your trades To even start this process, you have to want consistency so much that you would be willing to give up all the other reasons, motivations, or agendas you have for trading that aren't consistent with the process of integrating the beliefs that create consistency. A clear, intense desire is an absolute prerequisite if you're going to make this process work for you. The object of this exercise is to convince yourself that trading is just a simple game of probabilities ✅✅✅
OANDA:XAUUSDEducation
by AnonimFXRO
Trading Aspects to Master 📉📉📉🎯 Analysing To trade like a profesional first of all you have to learn technical/fundamental techinques to trade the market without them you have zero chance to succed in the markets. Learn - candlestick patterns, simple patterns, fibonaci, market structure, trendline, imbalance, orderblock, volume profile etc 🎯 Risk Management To survive in this game you need a very strict risk management, you will pass hard times and your account will survive. Risk Management rules should include : Risk per trade Session Risk Daily Drawdown Limit Weekly Drawdown Limit Monthly Drawdown Limit You have to know your numbers, start small then grow. 🎯 Entries Develop a rule based entry strategy always and every time, for example you will short a certain asset only if price is in a bearish market structure and its rejecting a fibonacci key area, you have to build your own system and develop confidence. Was this information valuable ?
OANDA:XAUUSDEducation
by AnonimFXRO
Intra-Day Strategies 📉📉📉Today i will share with you types of intra-day strategies that can work in every market no matter if it's forex/stocks or crypto. 📊 Reversal Strategy Buy close to the support (demand area) and sell from the resistance (Supply area) for the reversal move 📊 Patterns Buy/Sell using different technical patterns such as Wedge,Triangle,DoubleTop Double Bottoms, Head&Shoulders 📊 Moving Averages Using MA to understand trends and cross-overs, basically you have to LONG when price is above EMA/MA and vice-versa 📊 Pullbacks When a new's event makes a big movement such as CPI,NFP, Unemployment but then a correction move happens 📊 Gap Up/Down Trading Gap's Up/Down basically they appear during fundamental release or fundamental context when the market is closed, it's basically a big discrepancy between buyers and sellers What is your intra-day strategy
OANDA:XAUUSDEducation
by AnonimFXRO
GBPUSD DAILY ANALYSIS, current movement caused caused by war First, let us cover some historical points in GBP/USD's near history. Chart says for itself, wide downtrend channel. The price is moving as it is because of Russian/Ukrainian tension. Because of the recent economic happenings, we don't see the area beneath us holding the price action (blue circle). Take profit areas would be at 1.31 and 1.3. As the current price movement is mainly because of war tensions, monitor the news. Stay safe! Use this information at your own risk. This analysis is to point out the high probability key points. For day traders, it is crucial to know the bigger picture. Have fun trading!
Short
by SYMA_FOREX
EURUSD DAILY ANALYSIS, we expect this trendline to crackFirst, let us cover some historical points in EUR/USD's near history. We are in a nicely formed downtrend channel. The price action still has room until it hits the bottom trendline. Since the war is still at its peak, we expect this trendline to crack. EU sanctions on Russia will most certainly impact Europe's economy. At the moment euro is the most liquid short for everyone. Could we see a 1.0 scenario from 2002? For now, it looks bearish, but be careful around the support zone for a turnaround. Use this information at your own risk. This analysis is to point out the high probability key points. For day traders, it is crucial to know the bigger picture. Have fun trading!
Short
by SYMA_FOREX
GBPCAD DAILY ANALYSIS, a nice downtrand is formingFirst, let us cover some historical points in GBP/CAD's near history. It seems we finally broke out from the consolidation zone. A nice downtrend is forming as the price action created a lower high on the 21st of February. Since then, the price started its journey to the bottom. It broke 38.2, 50, and 61.8% of Fibonacci retracement. We can even see a strong chart pattern, a double top with neckline broken. That shows down movement for us. We expect 1.66000 to be a strong pivot point. If confirmed, that would make it an excellent place to enter a long position. We recommend using the ATR indicator to find stop loss. As price moves in your direction, move your stop loss. That could be a great wave to catch. Use this information at your own risk. This analysis is to point out the high probability key points. For day traders, it is crucial to know the bigger picture. Have fun trading!
Short
by SYMA_FOREX
GBPJPY DAILY ANALYSIS, the crucial support line lies around 149First, let us cover some historical points in GBP/JPY's near history. Looking at the bigger picture, we are in the clear consolidation zone. The crucial support line lies around 149. The pivotal resistance line would be near 158. We are currently in the downtrend, on our way to the support line as we hit resistance. We can even see a strong chart pattern, a double top with neckline broken. That shows down movement for us. Price will most likely hit the support line and yet again bounce from it. That would make a significant entry point for buyers (if confirmed). Regardless, price action can still break this support zone and start the downtrend. Use this information at your own risk. This analysis is to point out the high probability key points. For day traders, it is crucial to know the bigger picture. Have fun trading!
Short
by SYMA_FOREX
GOLD DAILY ANALYSIS, $1950-$1970 is likely to be the new supportFirst, let us cover some historical points in gold's near past. Approximately near the 15th of February, we broke through the bearish upper trend line. Since then, bulls have managed to drive gold's price to the roofs. Specifically, the 24th of February was the highest point. That day we got an immediate answer as the price got rejected. 4th of March, we are in the same resistance area we were ten days earlier, only this time daily candle did close in the resistance area. With Russian-Ukrainian tension still building up and gold as one of the most valuable commodities at these times, we see this as an opportunity for yet even higher high. The next area of resistance would be around $2000. In that case, the chances are that this zone ($1950-$1970) is likely to be the new support zone. If the tension between Russia and Ukraine quiets down, then higher probabilities are that we will make a higher low. Use this information at your own risk. This analysis is to point out the high probability key points. For day traders, it is crucial to know the bigger picture. Have fun trading!
OANDA:XAUUSDLong
by SYMA_FOREX