Get started

Followme

How to approach a pair during its consolidation period!-When there is a consolidation happening on a pair, this would be an excellent opportunity to look for a breakout and a reversal of the support/resistance of the consolidation box. -For these types of setups we need be patient and see how price will move to either the upside or downside. -Once we see a breakout of the consolidation box then it is essential to wait for a retest and enter when we see a strong candle stick confirmation depending on which way price breakout the box. -Make sure to do loads of backtesting and forward testing this strategy to become more confident in the strategy. -Make sure to journal all the trades to see how well you perform and look back to see what you can improve on. If you need any more advice, support or mentoring then give me a message to see how best I can help you. Please make sure to follow, leave a like and a comment on your opinion/ideas on how to approach these types of strategy. In the near future, I will be hoping to post more educational posts to help my followers or anyone who wants to learn and get a better understanding on how to approach markets.
Education
by LDForex_
1
USDCAD: possible long opportunityUSDCAD is breaking the trendline formed since the beginning of this week. On the chart you can see some support/resistance areas + RSI divergence + price above all moving averages and not too far away... Stocks and oil are under pressure, thus risk-off is favorable for USD bulls. Another USD long already opened. Entering the position around 1.3560 (current level) with 1.3780 T/P and 1.35 S/L provides decent R:R=3. Wait for confirmation and relevant price action on the lower time-frame before entering the position. // Make your own analysis before entering position. Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
Long
by GIgor_021
EURUSD: possible short scenarioThe main fundamental risk is continuation of the risk-on in equities, otherwise we can expect another strengthening of the dollar, which proved to be a risk-off instrument. From techincal POV: -H&S chart pattern -RSI divergence Joining EURUSD bears from around 1.1262 price with S/L above 1.1360 and T/P around 1.1000 level provides decent R:R. // Make your own analysis before entering position. Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
Short
by GIgor_021
USD/CAD Support and resistance short trade.Hey, I am back with another of my Forex trade idea. I've decided today to share another simple Support and resistance trade. As you may know, USDCAD is in a daily downtrend, and we want trade with the trend, so we will be looking for a short position in the resistance area. Let me know what you think about UC in the comments. Don't forget to follow me, to not miss out on a good trade opportunities😉 Each Like is very much appreciated! 🙌
Short
by TiborVrbovsky
NZDCHF: waiting for correction before jumping inCommodity currencies are just squeezing up and it seems like there is more space to go... Going long in NZD against CHF seems like an opportunity to participate in this move. NZDCHF has broken key resistance level around 0.5985, which now turned into support and it might act as possible price for joining bulls with S/L around 0.5900 and T/P around 0.6375. Obviously we might not get this price, but entering now would be more like jumping into a moving train. Make your own analysis before entering position. // Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
Long
by GIgor_021
BTCUSD: "Wave C" is coming?Since mid of March the price of BTC has over doubled compared to USD and for me it seems like a V shape recovery. Are we going higher from this levels? Possible, but I think there might be a better buy opportunity. The main reason, why I think the price can go lower (below 7000) in the future is because I see an Elliot wave pattern confirming on daily time-frame and it seems like a possible "wave C" is coming. Other reasons are the following: - The price is breaking out of the channel - RSI is breaking the trend line - MACD is in the overbought zone So, joining bears from around 9100 price level with S/L around 10050 and 6800 T/P level provides decent R:R. Make your own analysis before entering position. // Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
BITSTAMP:BTCUSDShort
by GIgor_021
2
Hidden divergence spotted potential 140pips Price has been in some what of a uptrend, it’s hit a significant high resistance and been rejected, it’s near another support level now. Price is now making lower lows but the obv is showing higher highs, this is a sign of trend continuation to the downside. I’m not going to Jump straight into this trade, I want price to break and retest the support level (yellow box) then scale down to a 15minute time frame and get the best possible entry. If you found this helpful hit the line button, hit the follow button for more signals 🤜🏻🤛🏻
Short
by Ash_FXtradingMadeSimple