please, Follow our instructions as mention on the chart.
GBPAUD – Buyers with strong momentum Trend: Strong Buy Support/Resistance R4: 0.95652 R3: 0.93997 R2: 0.92350 R1: 1.90811 S1: 0.89306 S2: 1.88122 Price action Buyers helding trending position very strong. If the price break R1, then price will follow next resistances. The problem here might be gaps lower, but still it looks that sellers are nowhere. I...
Using a set amount for SL and TP for different pairs and time frames is not effective money management. Using the ATR for a specific pair and time frame lets you custom yur SL & TP for what that pair actually moves. ATR 1D takes the last 14 candles and adds up then up together and then divides that figure by 14. Now you have an average of how much that pair moves...
Dears, please, follow our instructions as mention on the chart. thanks and good luck.
Today we had a nice push down in the GBP pairs which set-up an MA trade on this pair. Although this was not the last to reach the MA, price pulled back to the MA as opposed to the MA coming to price. Those who trade the Gold Method Ichimoku and have been in the training, know exactly what I am talking about. GA is also my favorite pair. Everybody in the training...
GBPAUD – Following Gbp trending is still showing performance to buy this pair. Trend: Buy/ Neutral Support/Resistance: R3: 1.89290 R2: 1.88062 R1: 1.86018 S1: 1.86018 S2: 1.84966 S3: 1.83158 Price action: Price is headed from lower perspective sell, but last daily candle from buyers have been well defensed, even if they didn't push price that high. If the...
Hello traders! Today we will talk about GBPAUD and its potential bullish setup from technical EW perspective. As you can see GBPAUD is trading bullish and looking at the 4-hour chart, we can see a slow three-wave a-b-c corrective decline from the highs, ideally in wave 4 according to the 38,2% Fibonacci retracement and previous three-wave correction in wave 2....
GBPAUD – Bears hasn't react yet, so daily analysis will show us if sellers are ready to react very strong Trend: Strong Buy Support/Resistance: R4: 1.97145 R3: 1.94481 R2: 1.90087 R1: 1.88622 S1: 0.86416 S2: 0.84203 Price action: This currency pair is currently is strong trending, which is headed to new higher highs. Gbp currency recover from fundamental...
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...
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...
Expectations of market and when to go for a safe buy entry.
Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Very bullish price action.. 4 HOUR Price forming several HH and HL indicating a bullish pressure pattern. DAILY Sideways waving market found resistance now and is slowing down. OVERALL Price action is slowing...
Trading news can often be a nightmare especially trying to trade at the time of release as brokers often widen their spreads and slip orders to the extreme of the spike. This is a high probability method with Great RRR As you can see the market spiked up on worse then expected AUD GDP news. then the market went into a consolidation, and this is key to finding...
Sometimes it is better not to trade. Today for me, was one of those days. I was extremely tired, which happens from time to time as I get up at 1:30 am my time to trade. This can lead to mistakes. Today's trade idea is a good example, although GBPAUD was in a bullish run and I was looking and posted an idea for a pullback trade, there was signs of a reversal. I...
Will Price Continue or Reverse Possible Expectation of Price and a Moving Average If less than 30 bars since price has been on the opposite side of MA - expect range behavior not continuation If more than 30 bars expect price to continue in 1 direction
When looking for trades, my purpose is simple: I look for High probability trades with good RRR (risk reward ratio) I consider a trade high probability if it has an 80%, or better, historical success rate. A good RRR (risk reward ratio) is 3-1 or better. meaning that we are risking $1 to make at least $3 Understand that by maintain a 3-1 RRR, even if I lose over...
GBPAUD is following the above channel so time your entry right with your longs on a one hour time frame. Also be prepared for a break in channel at some point, which will break to the downside. Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes