EUR/USD Daily, potential for move to the upsidePotential move to the upside to previous pullback highs, we are in great area to look for pullbacks.
Newbie
Holding short, no buying confirmation yetSimple & stupid analysis..I trade my own style..this is what i see / imagine.. *newbie
AUD/USD SHORT 04/01/16I'm new to forex, and this was my first attempt at analysis on this pair. I decided to (theoretically) short yesterday after the pair hit a key daily/weekly resistance area and failed to break through. This together with the fairly symmetrical triangle formation printing added further to my believes that the pair was due to fall.
I'm still in the early days of backtesting ideas before I jump into a demo account, and then hopefully go live near the end of 2016.
Rookie logicSaw a similar image somewhere, so I tried to mimic it :)
Anyway this is pretty much my logic when I started trading 15 years ago.
Any one recognizing them self :)
