This is a simple setup that often happens in forex that can be implemented on any time frame and actually a trade we entered earlier today, we thought of sharing its principles behind it. We have been monitoring this pair and as you can see it has been been trading in a downward trend forming a falling wedge pattern. While waiting for an Entry we needed a...
A Sell-Zone or supply zone is a very specific zone where two things are true: 1. A large amount of Sell orders originated there. This just means that, within this Sell-Zone, market makers clicked sell, with the volume of thousands and thousands of lots. 2. A large amount of Sell volume is sitting there. This just means that, within this Sell-Zone, there...
Hello Successful Traders, The currency paid (EURUSD) has been over-extended for approximately ( 2- 3 hours), considering this ideology... an imminent correction may take place within the next few hours to then potentially trend upward yet again. (Await Confirmation Prior to Market Entry). Be Diligent and Stick To Your Trading Plan*** Not Investment Advice. For...