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SasanSeifi 💁‍♂️dusk / daily Hey there! 😊 ▫️ In the daily timeframe, as you can see, following the breakout from the downtrend line, the price has been accompanied by positive reactions from the $0.11 range. Currently, it is trading around the price level of $0.1200. An expectation we can have is that if the support range between $0.11 and $0.1060 holds, we might witness positive fluctuations toward the resistance levels, as indicated in the image above.💹 ▫️ Additionally, if the price falls below the support ranges and maintains itself below, there could be a higher likelihood of a more significant correction. ✨What's your opinion? Do you agree? 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
by SasanSeifi
What Type of Forex Trader Are You?Hello to all, We all are trading with use this nice platform and each of us use a different strategy for trading. I wonder that which one of the strategies is most used. Please write your preference as a comment. Scalpers hold onto for a few seconds to a few minutes at the most. Their main objective is to grab very small amounts of pips as many times as they can throughout the busiest times of the day. Day traders usually pick a side at the beginning of the day, acting on their bias, and then finishing the day with either a profit or a loss. These kinds of traders do not hold their trades overnight. Swing traders are for those people that like to hold on to trades for several days to several weeks at a time. These types of traders can’t monitor their charts throughout the day so they dedicate a couple of hours analyzing the market every night to make sound trading decisions. Position traders are those that have trades that last for several weeks, months, or even years. These traders know that fundamental themes will be the predominant factor when analyzing the markets and therefore make their trading decisions based on them.
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by FXLoungeIN