EUR/USD has been in an uptrend for the last week or so. Today I found another break and retest set up for a buy on the daily and four-hour charts. Price is above the MA's, and it looks like it will hit those previous highs. Looking forward to seeing this trade play out. If prices break above the previous high, I will update the next potential take profit. Cheers!
Doge has found support on what appears to be an a head and shoulders pattern. We might see the price go back to the second shoulder of the pattern. I expect to take profit at that level; if the fundamentals are good, I might continue to hold until it reaches the most previous high. We will see what happens.DOGECOIN TO THE MOON!
Looking at the 48 and 24 MA, we notice that price has broken below and most likely will continue the bear trend. Minimum for the next couple of days. I look to take profit at the most recent lower low —looking forward to seeing how this plays out. Cheers!
Hello everyone, today I am going to share a trade setup that I saw this morning. Feel free to let me know what you all think. Thanks!
As the week comes to an end I can see that gold has reached a potential break and retest area on the weekly chart. The price of gold could start going up back perhaps even to the previous highs marked by the first gold area of the Fibonacci. For now, we must wait for the forex gods to decided where price action will continue next week. Do you agree? Disagree? I...
This morning I was able to find a setup for gold on the lower time frames. Feel free to leave some feedback.
I noticed this setup at the market open. I thought I would share some of my thought processes when entering a trade.
Price has continued to push down on the higher time frames. Now price has broken below a daily and weekly key level a it is showing signs of retest of that key level. Most likely if it retest at that level it will continue going down.
Weekly analysis for the coming week. The volume was not there last week. Hopefully this week we get some momentum in the markets. Indicator list: - MA HIgh 5 Offset 3 - MA Close 21 offset 3 - Vortex Indicator 14 preset FOREIGN CURRENCY TRADING IS HIGHLY SPECULATIVE AND RISKY. TRADE AT YOUR OWN RISK. Trading forex on margin carries a HIGH LEVEL OF RISK, and...
Not a tutorial. Just another trader analyzing the markets. Feel free to comment.