USDZAR Truly For Study Purposes ONLY - READ CONTENTS
Updated
Now before I share this idea, let me tell you THIS IS FOR STUDY PURPOSES. This is what we do as traders STUDY. This idea is a tutorialL for now because I want you to read the contents and understand my profile. Let me preface before I begin a few points:
1. My trade ideas are for STUDY and EDUCATIONAL PURPOSES.
2. My goal in sharing with YOU is NOT to be RIGHT. The market doesn't give a hoot if I or you are right or wrong for that matter. Heck, I don't give a hoot if my analysis is wrong. Price action and Market movement is dynamic. It's subject to change at any notice. Just one news event can change a perfectly good set up. So know being wrong is not my biggest fear, which is why I can share freely. What is important is how we REACT to price action. A WRONG IDEA IS ONLY WRONG IF YOU ENTER UNWISELY AND LOSE YOUR CAPITAL. If I share an idea and it is not right..there is no shame in that..as that is not my goal to be right, but to help you to STUDY.
3. I DO NOT give signals..let me repeat. I DO NOT GIVE SIGNALS
4. When I share trade ideas, they are not for SIGNAL TAKERS. I repeat. MY IDEAS ARE NOT FOR SIGNAL TAKERS.
5. My ideas are for STUDENTS OF THE MARKET. I repeat. If you are a signals taker, this may not sit well with you.
6. The purpose of my profile is to EDUCATE. Meaning we STUDY the markets, watch price action and confluences to consider an entry. IF YOU DO NOT KNOW HOW TO STUDY, JOIN MY TEAM WHERE YOU WILL LEARN. INBOX ME.
7. I WILL VERY VERY RARELY TELL YOU WHEN TO EXECUTE. WHY? Again, my ideas are to EDUCATE YOU and not to tell you when to get in the market. YOU are responsible for your own entries. MY IDEAS ARE FOR STUDY PURPOSES. We should all want to be students of the market and depend on our own analysis. Take the time to learn this skill.
8. I DO NOT GIVE SIGNALS
9. If you take this idea and run with it, without exercising proper study and risk management, it is your own responsibility and fault, not mine, if your trade fails and you lose capital.
Now that we got that out of the way, THIS IS FOR STUDY PURPOSES. How do we improve our winnings in the market? We do this by way of study, sharing ideas (NOT SIGNALS). If you want signals, join my team for my precise entries.
For the study
On a lower time frame we have the possible makings of an inverse head and shoulders. What does this mean for the future? we could possibly see the creation of a right shoulder . Is it definite? No. It's possible. We know we also see on a lower timeframe what may be the makings of a reversal for another bullish run up. Is it definite? No. It's possible. How do you determine which way price will go? Answer is WE REALLY DON'T KNOW. However, we can STUDY PRICE ACTION, CONFLUENCES, STUDY AGAIN, EXERCISE PROPER RISK MANAGEMENT and enter trades based upon our study and wise judgement.
Please refer to the linked idea below, which will show you what I believe based on where we are now, what is the direction of the market. Keep in mind, the market does not move in a straight line, and it WILL have a series of bull runs and pullbacks, even sell opportunities until we make it there. My ideas are overall market outlook only
What I am doing is studying price action and will see how price responds to certain areas in the market. This will determine if I enter the trade. This should determine if you enter the trade. You enter at your own risk and are responsible for your own trades and outcomes. I would love to help you learn to study; please inbox me to join my team. If not, there are a plethora of resources to help you learn the skill of trading.
Thanks for following.. Feel free to leave comments if you like, follow me on Instagram and Facebook. I am here to educate and share!
1. My trade ideas are for STUDY and EDUCATIONAL PURPOSES.
2. My goal in sharing with YOU is NOT to be RIGHT. The market doesn't give a hoot if I or you are right or wrong for that matter. Heck, I don't give a hoot if my analysis is wrong. Price action and Market movement is dynamic. It's subject to change at any notice. Just one news event can change a perfectly good set up. So know being wrong is not my biggest fear, which is why I can share freely. What is important is how we REACT to price action. A WRONG IDEA IS ONLY WRONG IF YOU ENTER UNWISELY AND LOSE YOUR CAPITAL. If I share an idea and it is not right..there is no shame in that..as that is not my goal to be right, but to help you to STUDY.
3. I DO NOT give signals..let me repeat. I DO NOT GIVE SIGNALS
4. When I share trade ideas, they are not for SIGNAL TAKERS. I repeat. MY IDEAS ARE NOT FOR SIGNAL TAKERS.
5. My ideas are for STUDENTS OF THE MARKET. I repeat. If you are a signals taker, this may not sit well with you.
6. The purpose of my profile is to EDUCATE. Meaning we STUDY the markets, watch price action and confluences to consider an entry. IF YOU DO NOT KNOW HOW TO STUDY, JOIN MY TEAM WHERE YOU WILL LEARN. INBOX ME.
7. I WILL VERY VERY RARELY TELL YOU WHEN TO EXECUTE. WHY? Again, my ideas are to EDUCATE YOU and not to tell you when to get in the market. YOU are responsible for your own entries. MY IDEAS ARE FOR STUDY PURPOSES. We should all want to be students of the market and depend on our own analysis. Take the time to learn this skill.
8. I DO NOT GIVE SIGNALS
9. If you take this idea and run with it, without exercising proper study and risk management, it is your own responsibility and fault, not mine, if your trade fails and you lose capital.
Now that we got that out of the way, THIS IS FOR STUDY PURPOSES. How do we improve our winnings in the market? We do this by way of study, sharing ideas (NOT SIGNALS). If you want signals, join my team for my precise entries.
For the study
On a lower time frame we have the possible makings of an inverse head and shoulders. What does this mean for the future? we could possibly see the creation of a right shoulder . Is it definite? No. It's possible. We know we also see on a lower timeframe what may be the makings of a reversal for another bullish run up. Is it definite? No. It's possible. How do you determine which way price will go? Answer is WE REALLY DON'T KNOW. However, we can STUDY PRICE ACTION, CONFLUENCES, STUDY AGAIN, EXERCISE PROPER RISK MANAGEMENT and enter trades based upon our study and wise judgement.
Please refer to the linked idea below, which will show you what I believe based on where we are now, what is the direction of the market. Keep in mind, the market does not move in a straight line, and it WILL have a series of bull runs and pullbacks, even sell opportunities until we make it there. My ideas are overall market outlook only
What I am doing is studying price action and will see how price responds to certain areas in the market. This will determine if I enter the trade. This should determine if you enter the trade. You enter at your own risk and are responsible for your own trades and outcomes. I would love to help you learn to study; please inbox me to join my team. If not, there are a plethora of resources to help you learn the skill of trading.
Thanks for following.. Feel free to leave comments if you like, follow me on Instagram and Facebook. I am here to educate and share!
Note
As we are at zone to watch for completion of shoulder buy, Suggest to NOT ENTER a position at this time of the day for this pair if you are contemplating. Firstly, we have no confirmation to buy yet. Volatility is not much, spreads widen between NY session end and Asian session open. It's best to watch price action at London session before contemplating an entry. Any buys could possibly be a bull trap to trap buyers before price makes its way down further.Note
as reflected below could very well see a push down..remember this is all a part of studying. we do not enter simply because we think price will do a certain move. we must watch and pay attention to what it is actually doing . Strongly suggest you do not enter a buy order at this time but continue to study price action at London Session and NY session Note
Or could very well do this..the possibilities that lie. Follow price action and capitalize off of volatility in the markets which is not now Order cancelled
abort overall idea.price action does not support breakout to the upside just yet. Protection of capital is key.Note
Did anyone execute and ride to TP2 zone? If so congratulations on your patience.
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