Day_Trading_Attack_Penguins

Day_Trading_Attack_Penguins

EUR/USD Analysis for October 23: Recently, EUR/USD tested the key resistance area at 1.0800 but has since experienced a decline. The price is currently below a short-term downward trendline. If the exchange rate remains below 1.0800, it could lead to further downside, testing the recent low of 1.07898. Conversely, if it breaks above 1.0800, it could target the...

Day_Trading_Attack_Penguins

Last week, it was mentioned that AUDJPY had formed a double-top reversal pattern, with a suggestion to go SELL. However, after repeated tests of the neckline, the price action has shifted from a downtrend to an uptrend. When you understand how to read the chart, the market clearly tells you what to do next—you must have a method to respond accordingly.

Day_Trading_Attack_Penguins

GBPAUD has been in a downtrend, with the recent drop starting from 1.93. However, the price has recently recovered past this resistance level, with the key point for momentum shift at 1.91. Based on this, I believe the market is about to reverse and could potentially return to previous highs. If a buy position is taken at the current level, the risk-to-reward...

Day_Trading_Attack_Penguins

Consider selling first. If the price falls to a reasonable level, consider buying first. My trading system's four steps: Step 1: 📈 Trend: Capture the market's momentum Step 2: 📍 Position: Identify the trading location 🎯 Step 3: 💹 Sentiment: Interpret price behavior 📊 Step 4: 💹 Exit: Maximize profits 🏆 Once you can read the charts, you'll naturally understand...

Day_Trading_Attack_Penguins

my trading system's four steps: Step 1: 📈 Trend: Capture the market's momentum Step 2: 📍 Position: Identify the trading location 🎯 Step 3: 💹 Sentiment: Interpret price behavior 📊 Step 4: 💹 Exit: Maximize profits 🏆 Once you can read the charts, you'll naturally understand the short-term signals they provide.

Day_Trading_Attack_Penguins

Pre High: The "Pre High" level is marked as a resistance point that the price previously reached. This level is significant as it acts as a reference for potential reversals or breakouts. FVG (Fair Value Gap): The highlighted FVG indicates an imbalance or gap between the bullish and bearish orders. This often acts as a magnet for price to fill or at least...

Day_Trading_Attack_Penguins

Double Top Reversal: In the chart, two tops are marked, forming a classic reversal pattern that usually signals a potential price reversal. These patterns typically indicate that the market has reached a resistance level and is pulling back quickly, suggesting that the bullish momentum is weakening. Supply Zone (Seller IMB): The red zone highlights a supply...

Day_Trading_Attack_Penguins

In this 1-hour chart of XAU/USD (Gold against the US Dollar), we can observe key market price actions. The yellow trendline on the chart connects several lows from the bottom left, indicating that the market has been in an upward trend recently. However, as the price breaks this upward trendline, this trend may be coming to an end, suggesting that the market could...

Day_Trading_Attack_Penguins

4-Step Trading System Step 1: Trend - Capturing Market Pulse The purpose of this step is to determine the primary market trend direction. From the chart, you can see that a double top reversal is marked with white lines. Step 2: Position - Determining Trading Zone This step is about identifying the trading zone for entry. In the chart, the red area marks the...

Day_Trading_Attack_Penguins

Step 1: Trend - Capturing Market Pulse From the chart, it can be observed that after a significant drop, the price has been consolidating within an ascending channel pattern. Step 2: Position - Determining Trading Zone The red area above indicates a reasonable short zone. Special attention is needed when the price approaches this zone. Step 3: Behavior -...

Day_Trading_Attack_Penguins

The chart shows a 4-hour candlestick pattern of the AUD/USD currency pair, accompanied by a price action analysis. Support Area: The middle part of the chart features a green box, indicating a support area. This area has multiple instances where the price touched and rebounded, indicating strong buying interest. Downtrend Line: On the right side of the chart,...

Day_Trading_Attack_Penguins

Current Trend: The overall trend is a downtrend, as indicated by the descending trendline visible on the chart. The white arrow on the chart shows a potential rebound path. If the price can break above the trendline and hold, a rebound rally may occur. The price needs to break and hold above the descending trendline, which is a key confirmation signal. If the...

Day_Trading_Attack_Penguins

This chart shows the 4-hour price movement of the EUR/GBP currency pair. Below is an analysis of the price action: Trend Lines: The chart features two trend lines: an ascending trend line and a descending trend line. The price is currently near the intersection of these trend lines, indicating a potential significant breakout or reversal. Trend Line Break: The...

Day_Trading_Attack_Penguins

Downward channel: The price fluctuates within the downward channel, showing a downward trend. Rebound point: The price rebounds near the upper boundary of the channel and continues to fall. Trading strategy: Regression trading strategy: Look for short opportunities when the price approaches the upper boundary of the downward channel. The stop loss can be set...

Day_Trading_Attack_Penguins

Inverse Head and Shoulders Pattern Pattern Formation: Left Shoulder: The first dip followed by a rise. Head: A deeper dip than the left shoulder followed by another rise. Right Shoulder: A dip similar in depth to the left shoulder followed by a rise. Neckline: The horizontal resistance line connecting the highs of the left shoulder, head, and right shoulder. In...

Day_Trading_Attack_Penguins

The Hang Seng Index (HK50) is currently showing signs of a potential upward trend, making it an attractive option for investors. Here are the key reasons why now could be a good time to enter the market, especially with a risk-reward ratio of 2:1. Technical Support and Resistance Levels Strong Support at the Bottom: The HK50 has recently demonstrated strong...

Day_Trading_Attack_Penguins

📈 Introduction to Candlestick Charts Candlestick charts, also known as K-line charts, are financial charts used to track the price movements of securities. Originating from the rice markets of ancient Japan centuries ago, they have now become a staple of modern stock price charts. Compared to standard bar charts, candlestick charts offer stronger visual...

Day_Trading_Attack_Penguins

"Our ironclad departure plan: activating the 1R break-even function, initiating the 2R trailing stop, all executed through our in-house EA tool."