Forextradingzones
CAD JPY SET UP Hello guys,
CAD JPY has been moving in an ascending channel, and the price has reached the support trend line. Do you think the price will break through or bounce? I expect a bounce, so I'm waiting for the BUY confirmations.
If the price breakthrough, I will be looking to go short after the retest of the broken support level, tell me what you think guys.
XAUUSD gold setup exit.. know waitting for create new liquidity, i notice onething most of them out there, they have there own attitude on trading,, most of them dont have proper knowlage about trading how market move. but in order to make money some need to lose.life isnt fair for everyone.. and if everyone wins there will be not competion . there will be no filter to reward some of them.
a good trader must have winning minsdet and trust there gut there Strategy, something doesnt work you need ask question why, everything has machanic ask question your self more often why how and why..
in order to learn anything need to go undastand history of that skillknowlage. if you know the history what happen before. you have most advatages to know how it create how it functions.
75 - 100pips long UsdChfMarket has previously created a nice level where a possible bullish push could be generated. Also, inverted head and shoulder pattern could be printed if price action completes pattern from neckline. If price action is warranted this bullish push should run for 75-100 pips for a nice risk to reward.