Hello traders! We can finally see a shift in the momentum of GBPUSD, after a bearish year. The pair seems to create a nice impulse upwards on daily timeframe, and we can be looking for an entry after the price breaks the resistance on 4H. All the indicators that I use indicate a bullish move, the price is above EMAs, retesting them, the moving averages also...
Hello traders and future traders!! I know there is a point in the trading journey where you have so much information that it gets confusing, and you try to apply everything that you have read, but price action strategies shows us how simple are the markets and how easily we can interpret one without using tons of indicators, but just the price movement. Here are...
Hello hello! I made a quick analysis on ETH on a daily timeframe and I see some potential of another aggressive move of at least 10%. The EMAs are close to cross, indicating a bullish environment, the moving averages overall shows a strong buy, and a strong zone of resistance was recently broken, so the next target should be the next zone - at 1373. On the retest...
Hello! Here you have a quick analysis on AUDSGD, which is currently moving in an uptrend. We can expect another move up, creating a higher high on a daily timeframe. EMAs and MACD are also bullish, so we have multiple factors of confluence.
Hello hello! Today we have some nice Ws on many metals, the one on Platinum is already completed, so we could expect a completion on Silver and Gold as well!
Hello hello! Today we have some nice Ws on many metals, the one on Platinum is already completed, so we could expect a completion on Silver and Gold as well!
Hello guys! Take a look at how smoothly the market respects the Golden Zone on Fibonacci retracement levels. The Golden Zone or Golden Ratio is the area between 50% and 61.8% on retracement levels, which acts as a strong support zone. After an impulse, on the correction the price usually gets rejected by this zone and it continues its previous trend. However, if...
Hello hello! After a bearish year for GBPCAD , it finally shifts on a weekly perspective, breaking the Moving Averages & EMAs finally crossed. For the past 3 weeks we saw a strong impulse on this pair, now waiting for a slow correction that can be followed by another strong impulse upwards. Moreover, the Commitment Of Traders data shows confluence on this...
Hello everyone! One of the most important , and in the same time, one of the hardest aspects of trading is the ability to manage correctly your emotions and leave them aside while trading. So how can we manage our emotions in stressful situations? Here are some tips that every trader should consider when starting trading: 1. DO NOT ACT ON ANGER: every time...
Hello everyone! Gold seems to create another daily impulse on this uptrend, after retesting the EMAs and the previous resistance turned in support now. The price action is bullish on 4H and W as well, closing above the EMAs on all timeframes and retesting the previous resistance on 4H. Another confluence factor is the MACD indicator which also indicates a bullish...
Hello traders! Check out the main reasons why some traders are profitable and the others fail, tell me who you identify with and also your opinion on these facts!
Hello traders, here we can see how NZDUSD is slowly correcting after a strong impulse, preparing for another one. We can observe that the previous resistance has now became support, and the price is testing the zone for the second time now. From here, if the price will manage to break above the 4H resistance, after the retest of the zone we can expect a move...
Hello again! Here we have a nice W pattern from which we can expect a retracement of the price to the neckline - 0.89440. But firstly, we need to see a break of the current support, and only after that, we can be looking for an entry point at the retest of that zone. Now waiting for the market to open in order to see if the setup will be completed!
Hello traders! The new halving event is being closer and closer, and as we previously saw at this events, we can expect the price creating an all time high, again. Until then, the price is retesting once again a strong zone of support, which was acting as resistance at the all time high back in 2017 and 2019, and we can expect some accumulation in this zone, after...
Hello again! Here I prepared for you what I consider the most important tool when it comes to risk management and developing a discipline, which helped me a lot in my trading journey: stop loss! At first, I have to admit that I found it truly frustrating to see how 2 pips can trigger the stop loss and right after that my position reaches my target, but in...