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Sellzone

askForex100 - MYRTHB March19A friend of mine is looking to change MYR to THB and it has to be done before 22March19. So what I did, I pull out the Daily Chart and analyse, the rate now is at 7.81THB is perhaps 1 of the better rates in the month of March, well, it may touch 7.87THB risk of it sliding to 7.73THB or even 7.61THB is great. In exchange for a better exchange rate of 0.06THB and risking it to 0.08THB or even 0.20THB against your favour what will you choose? Well, Forex Trading is not gambling, is through Technical and at times Fundamental Analysis in analysing the most probably move in the market. Is both a skill and an art. Let's see how the market roll out.
Education
by RaynLim
USDJPY-Weekly Market Analysis-Mar19,Wk1On the Daily Chart(right) we can spot that is approaching another sell zone in matters of time. Wherelse in the 1-hourly timeframe(left), there is an overlap buy zone within the 4-hourly chart and 1-hourly chart. Counter-Trend Traders can wait for double top to form up, preferably within the D1 Sell Zone for shorting opportunity. Do take note of the structure(purple box) when you are looking to short the pair. This Wednesday, 6Mar2019, 19:08pm-21:00(+8GMT) I might be going through 12 currency pairs on the mid-week analysis, like and follow our facebook to join us for the session: www.facebook.com Like our facebook page so when we went live, you will be notified: www.facebook.com SHARE our post so more traders can benefit from the analysis and COMMENT 1 thing that you like about the analysis. Your support is greatly appreciated.
by RaynLim
EURUSD-Weekly Market Analysis-Mar19,Wk1On the 4-hourly chart we have Shark Pattern(Grey) and Bat Pattern(Pink) within the higher timeframe sell zone. If shark pattern didn't complete by 5Mar19, 22:00(UTC) it will deem invalid for me. Later this Wednesday, 6Mar2019, 19:08pm-21:00(+8GMT) I will be going through 12 currency pairs on the mid-week analysis Like our facebook page so when we went live, you will be notified: www.facebook.com SHARE our post so more traders can benefit from the analysis and COMMENT 1 thing that you like about the analysis. Your support is greatly appreciated.
Long
by RaynLim
EURUSD-Weekly Market Analysis-Feb19,Wk51 thing I love on the bearish shark, it completes at the sell zone on the daily chart. But 1 thing I don't like about it, the ABCD completion came into the zone of previous support which is a legit resistance area. My exact trade plan will be shared with my subscribers. This Wednesday, 26 Feb 2019, 8.08pm-10pm(+8GMT) I will be going through 12 currency pairs on the mid-week analysis Like our facebook page so when we went live, you will be notified.
Short
by RaynLim
EURUSD-Weekly Market Analysis-Feb19,Wk3Tons of shorting opportunities for this pair, if you have missed it, is quite a pity. We have share these trading opportunities with our subscribers. 1st opportunity, short on Daily Bearish Gartley Pattern(yellow), then we have a bearish head and shoulders formation, follow by a bearish flag then end off with the Bearish Shark Pattern. Right now, I'm observing should the market break below and close below 1.1300, then it will give more shorting opportunity. In a most likely situation, the market may have a retracement at 1.1300, that gives the counter-trend trader an opportunity to trade it.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Feb19,Wk3For traders who were like me waiting for the market confirmation before buying this GBPUSD up might have just miss the trading opportunity. Well, don't fret, I'm waiting for the retest at Pt D completion for a buy opportunity. and if the market head up to the sell zone and if trade valid, I will head in for a shorting opportunity. This Wednesday, 7 Feb 2019, 4.07pm-5.40pm(+8GMT) I will be going through 12 currency pairs on the mid-week analysis Like our facebook page so when we went live, you will be notified: www.facebook.com
Long
by RaynLim
USDJPY-Weekly Market Analysis-Jan19,Wk3Market has to break above and close above the high on 1-hourly chart, then I will be looking for shorting opportunity at 108.91. Having an ABCD formation that inline within the double top structure, further strengthen the potential downwards movement. If you don't wish to miss any great trading ideas, just subscribe to us and join us in our inner-circle. Have a look on our October 2018 results that we shared a total of 2,333pips of Net Profit in a single month. If not now, when? forex100academy.com
Short
by RaynLim