Another week is coming to an end and we have had some immense volatility across GBP pairs. We have some heavy GBP data this evening AFTER market close which has a high probability at showing if there is going to be a deal in regards to Brexit. With that being said, it is HIGHLY advised to close ALL GBP positions, as the future is unknown and come market open, we...
This trade wast taken at 0.676. We saw a clear expanding wedge forming on the 15m. We also saw a clear rising channel form and was waiting for a break out near the upper trendline. Aso as we saw price break the counter trendline we went short.
#1, We want to see short-term downside until we find nice buy opportunity. We are still in bullish trend ! #2, For now, We look for sell from the above resistance area. Relate this idea with your setup and see if its connecting something similar. This publishing is for educational purpose only.
EDUCATIONAL PURPOSES: There are several indicators that one can employ during the course of analysis. One common indicator will be the Relative Strength Index. What can you draw from this indicator? Overbought and Oversold signals! However, one can also use this indicator to spot divergences in the price and the relative strength! Above are 3 examples of...
Dears, please, find our idea to buy it. Good luck
The EURAUD daily chart corresponds to the example of our latest educational article "Impulsive Waves Construction - Part 1".
The EURAUD daily chart corresponds to the example of our latest educational article "Impulsive Waves Construction - Part 1"
I Will be looking to short from the 0.91000 level or the 3rd trend line touch following bearish confirmations/signals. CONVERSELY If price breaks and retest the TL @ 0.91000 I will go long following a valid retest and bullish confirmation. NO TRADE SHOULD BE TAKEN UNLESS ONE OF THE SCENARIOS ARE MET .... (DISCIPLINE) !!!!!!!
A major mistake traders make is to assume that in order to be profitable you need to use so many tools and it's in fact the opposite. Let's start off with basic support resistance. We know the market moves up, down and side ways. But it never moves straight up or down. As it moves up or down it will meet levels of support and resistance. It's important you...
Expectations of market and when to go for a safe buy entry.
AUDNZD is in Down channel pattern were in the lower time frame we bet Rising wedge pattern we need to wait for break down the pattern so that we can take them as per the market move everything was mention on the chart. Note one think the market can go further more upside till Down channel pattern resistance line there is really Big Stop loss but if market break...
Bought Aud Cad Earlier on the move up and exited on the retracement. This is looking like a Picture Perfect Inverse Head And Shoulders Pattern. The Plan is to wait until price approaches support and confirm the reversal. You Can Confirm the Reversal In Many Ways including a Moving Average Crossover, Candlestick Analysis, Indicators and more. So lets wait for...
Kept my eye closely on this pair since last year since the price was creeping towards it’s LOWEST levels. Managed to catch ALL the moves over the space of 3-6months Flash crash at the start of the year, leading to the divergence with an impulsive move to zone (1.070), which is our TP. Since then, it’s following a descending channel (flag) which is a continuation...
Sorry if Volume too low... Otherwise comment our interest in the indicators.
Just something im seeing on the daily chart. Im thinking the daily pullback could create a Right Shoulder giving us a "Downward Leaning" Head and Shoulders Pattern. Remember that if the Pattern is "Leaning Downward" , It is said to be considered MORE RELIABLE... Lets see what happens next week!