“The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder
gbpusd has the potential to form a fake out set up, this is still wishful thinking, I think, because I'm still learning this method, it's a good idea to re-analyze this 1.33778 is a resistance area with a support area at 1.31605 , the price is expected to move up first and fall on fake resistance at least one time and make a fake out
ADA/USD . There is a possibility of temporary retracement to the suggested support line (1.7387). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. ....
As I said last weeks...exactly as I said, EJ closed above 129700 and has already made 70 pips! Even if EJ will test the 130,600 area again, I will continue to bet on SELL because the 1-month candle closed under a very strong resistance from 130,100. THIS WEEK...EJ makes a dangerous range in this area! Even if I still bet on SELL because on the 1 month chart EJ is...
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List of confirmations: 1. Price has broken through the weekly downwards trend line. 2. Price reversed at my dynamic support and resistance level. 3. A strong bullish engulfing candle was presented on the weekly time frame. 4. Price is above my 14 EMA on the daily chart which means that price has formed a new bullish trend. 5. Price has been forming higher...
Hi dear, I think #USDJPY will be going a long sell. Trade_ID: #0000024 => USDJPY: Sell (Long Trade) <= => Entry: 108.555 => 1st SL: 111.111 => 2nd SL: 112.999 => 1st TP: 108.355 (short) => 2nd TP: 108.000 => 3rd TP: 106.666 => 4th TP: 105.000 (Long) => 5th TP: 102.000 ©Learning Forex
Thought I’d poss up some Forex trading snacks! The NZDUSD is coming into a short term risk reward zone and up against a falling channel trend line. I see this as an opportunity to short some mainly because the price action is heading into multiple technical resistance zones and the back story is one of one of the most dovish central banks VS one central bank...