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Confirmation

EURUSD running in circlesHello ! For the moment, we have to wait to see if it reaches 1.9150 at first. As you can see, that level became somewhat of a support level, therefore entering a position without confirmation is a bad choice. After the level is reached, we should see if a long is a good option or not, because there are a few hundred pips worth taking, as an intraday short term trading. This is just an opinion, use due diligence, stop loss and take profit, after making your own analysis. Many thanks and cheers !
by MBGD
AUDNZD-Possible long on the 4hr (confirmation required)AUDNZD has shown an uptrend for approx 3 weeks. Today the sell off has provided an opportunity to jump on the back of this pair. See rationale below: 1) Near term uptrend 2) 100 EMA on 4hr (Red Line) has historically been a good place to buy 3) Indicative trend line drawn (However confirmation required from price action) What am I waiting for? Price to close above 100 EMA then add a long position with this pair. Update will follow if it moves in the anticipated direction, if not continue hunting! Hope you liked the idea! Happy Hunting!
Long
by Piphunter1887
EURUSD Confirmation requiredAlthough trend is bullish, as you can see, it tested the 1.21700 line, but no confirmation, therefore returned at 1.21400, and now is testing again. It tested it a couple of times, as you can notice, so you can expect the trend to continue. Best way to have the clear confirmation is at the 4h graph, one and a half hours from now. Afterwards, a long position can be opened, with a TP of at least 1.22, or even 1.23 if you want medium to long term, but use SL and/or TS for as loss recovery, in case things go south. Cheers !
Long
by MBGD
3
Always Wait For Confirmations 📚 Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade. For this particular trade, those who were waiting for the third touch of the upper resistance of the pattern, would've been stopped out if they had a tight stop loss. It would've been better to wait for more of your confirmations to line up so you can execute the trade knowing that there are more things on your side (other than chance!) See below for the current GBPNZD set up.
by WicktatorFX
3
Always Wait For Confirmations 📚 Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade. For this particular trade, those who were waiting for the third touch of the upper resistance of the pattern, would've been stopped out if they had a tight stop loss. It would've been better to wait for more of your confirmations to line up so you can execute the trade knowing that there are more things on your side (other than chance!) See below for the current GBPNZD set up.
Education
by WicktatorFX
7
TIME TO GET A BAG OF TOMODear Traders, As you can see in the chart above we have an oversold RSI with a bullish MACD cross. The price has formed a falling wedge structure that has been recently broken and a confirmation has been made. It's time to see an upwards movement. As you probably know there are good fundamentals for tomochain for the end of january and the beginning of february which include: The mainnet hardfork to update to the latest EVM (31/01) TomoBridge which will enable TomoChain to support ERC20 tokens (31/01) TomoP a protocol that allows anonymous transactions (31/01) LuaSwap which will make TomoChain transactions faster than Ethereum and near to 0 fees. (31/01) Halving, the rewards will decrease from 250 Tomochain/block to 125. (07/02) Targets: TP1: 0.00005604 Satoshis TP2: 0.00008824 Satoshis Stop-Loss: SL: 0.00002650 Satoshis I wish you the best of luck!
TLong
by Janpr99
4
OIIM Under Rated Small CapperLet's talk small caps for a change!! lol OIIM, the title says it all! I've been in and out on this one a few times over the past several months. Structure is consistent and range on bars is typically around 10%. Fundamentals are decent compared to peers and not overpriced. Float is low on this one so it can run! The 7.70 level seems to be a key area of previous resistance and currently gathering some support at. Let's wait for some confirmation and see what happens before entry.
OLong
by NetWorthFocused
3