📚 LEARN MORE 💰 EARN MORE With ForecastCity What is a Range-Bound Market? A range-bound market is one in which price bounces between a specific high price and a low price. The high price acts as a major resistance level in which price can’t seem to breakthrough. Likewise, the low price acts as a major support level in which price can’t seem to...
📚 LEARN MORE 💰 EARN MORE With ForecastCity What is a Range-Bound Market? A range-bound market is one in which price bounces between a specific high price and a low price. The high price acts as a major resistance level in which price can’t seem to breakthrough. Likewise, the low price acts as a major support level in which price can’t seem to...
Camarilla is the one of the best indicators, if not the best. It is better than classic pivot points. It detects the most important daily, weekly, monthly and yearly levels that you would have hard time to find yourself. It is leading indicator and plots ahead of time (day, week, month, year) and its static, does not change. It is a rule based system of its own...
I hope you enjoy this tutorial. I use RSI to confirm all breakouts. I was able to capture roughly 90 pips using this method today. I hope you enjoy! Feel free to comment below.
Dears, please, follow our instructions as mention on the chart.
Welcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. GBPCAD – Sellers might be ready to hit again Trend : Sell/ Neutral Support/Resistance: R2: 1.72774 R1: 1.70913 S1: 1.69772 S2: 1.69200 S3: 1.67039 Price action: Sellers...
Today we started with a GBP bullish view but after the GBP pairs pushed down, we set-up an MA trade on this pair. Although this was not the last to reach the MA, price pulled back to the confluence of the MA and the 60 KS. Those who trade the Gold Method Ichimoku and have been in the training, know exactly what I am talking about. Since this trade triggered later...
GBPCAD – Buyers are going in trending way, but do you thing they can break even Trend: Buy/ Neutral Support/Resistance: R2: 1.73254 R1: 1.70913 S1: 1.69200 S2: 1.67288 Price action: Buyers are headed to break R1 level, but suspitious to me is buyer's laziness. In next days we still has to be carefull on candle charatheristics. If Sellers might face off...
GBPCAD – Buyers to test higher high first Trend: Buy/ Neutral Support/Resistance: R2: 1.72171 R1: 1.70660 S1: 1.68964 S2: 1.67298 Price action: Price action give us information about flow of the market and understanding psychology of the market. So this trade is handling with buyers channel, which meand buyers are stronger in this case then sellers. On the...
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...
What Is Volume Profile? There are two ways of observing the total volume transactions in any market. As a spot forex trader, you can tap into tick volumes as an accurate visual representation of the total traded volume in the X-axis, which would then make your analysis be based on time. Alternatively, you can carry out your volume study through the vertical...
- Stochastic Oscillator indicating pair is overbought - Pair broke strong resistance and successfully retested, may be an indication that the uptrend will continue
- Price is oversold on the Stochastic Oscillator - Price reversed at recent low - Might form a double bottom
- Price retraced to 0.5 fib level, may continue on previous down trend
Let me know what you guys think and comment below if you would like for me to analyse my ideas in video format ! GOOD LUCK