Please refer to text on chart. Not much to say here, price is slowly moving downwards.. we'll enter with the current trend - down. If price starts moving up, we'll get out. Simple. ** We do not try to predict future price. We simply react to current price movements based on interpretations of past data.
I give you 5 important trading rules this week. You have seen them time and time again on many trading educational programs but they show up often because they are important.
Please refer to text on chart. I like this classic flag pattern and currently there is a clearly defined risk point and entry. The pair has been whipping back and forth for a month or so now and if it breaks up, there will be strong upward pressure. ** We do not try to predict future price. We simply react to current price movements based on interpretations of past data.
Please refer to text on the chart. EURCAD has had a massive sell off with almost no bounce. This must have exhausted many sellers. Now that price has its first bullish retracement and is holding near the highs, bullish momentum is likely to continue. Should the price continue, the R/R on the trade will be very favorable. ** Remember, we do not attempt to predict...
Please refer to text on chart. Price is currently at the top of the triangle. Shorting at this point will provide the maximum R/R possible for this set up. ** Remember, we do not attempt to predict the future. We simply react to current price movements based on our interpretations of past data.
Please refer to text on chart. When price consolidate sideways, that is when there is the highest R/R plays come. Going long at the bottom of the consolidation, waiting for an upward move will yield better results than trying to buy after the move as already happened. If price breaks below the consolidation range then there is bearish pressure and we will get out...