The GBPUSD chart showing a correction from its last bullrun. As of the Elliot wave theory, we might see a correction of 3 waves. Currently, we can see AB fulfilled, which leads us to another corrective wave. The downside of my idea comes from the DXY, where the USD can still move lower. What do you guys think?
Generally I am still bullish on EURUSD, but we reached a key zone and the price kind of consolidate. I draw the short position a few days ago and from the current setup I will wait for the breakout from this channel as additional confirmation What do you think?
I expect a Pullback to the resistance line, after that the price might go to 126 range. The SL will be slightly above the red line to prevent being stopped by a potential fake breakout. Since I am in my learning phase, what do you guys think?
My idea for the next two weeks is bullish if we won't see a double top. The resistance in the 1.11 Range seems stronger than the one around 1.08. I hope for a pullback to 1.06 since the RRR is not quite good at the current setup. Am I correct in my Cup and Handle assumption?
Short opportunity from my point of view if the price will stay below 0.92321, we´ll wait for the retest and start the short position. TP1: 0.91658 TP2: 0.91079 What do you think?
Hey guys, first, I am in the early stages of my trading journey. In the future, I would love to trade for living. Therefore, I will post every day the trades I do, and I am grateful to get some tips from advanced trader. The first Trade will be EURUSD. On the bigger picture we can see, that the price reacts a few times on the trend line. The idea for this...
Hello all, first of all, I am relatively new to trading and have already made some accounts empty and unfortunately do not see what exactly I have overlooked, or done wrong. Now I would like to ask the community what I did wrong in my analysis, or what may have been misinterpreted. I thank you for any suggestions for improvement in advance.
This is not a recommendation, but rather a question. I am still learning chart analysis, which scenario do you think is more realistic? If this is Head and Shoulder, then I guess we can fall to 1.00000 range, what do you think? Am grateful for any feedback and advice. Have a nice day.
I'm not sure if this is right here. I am currently still in the learning phase and have identified this setup for me. In many other ideas, I have not seen the trend line or the horizontal resistance line at all. So specifically the question, what did I forget or misinterpret. I am grateful for any feedback.