Another BNB trade completionI'm not really good but I make sure my stoploss is tight, and you know what's good,? It doesn't hit my sl. Only very few times. Now we have another TP
Goodtrading
2/19/20 The Week so FarI'm learning to accept these harder weeks as the better opportunities for me to become a great trader. Of course I love it when every position I take jumps out at me and earns me a profit, but I remember a point when I would avoid the charts entirely after a string of either losses or missed opportunities. It's so important to continue to trade with an unbiased approach as you look to identify good trades rather than "profitable" trades. As I always mention, this trading game is all about probabilities and consistency, money is just a byproduct.
USDCAD – Price might break channel and then...USDCAD – Price might break channel and then follow up move higher
Trend: Strong Buy
Support/Resistance:
R3: 1.33922
R2: 1.33454
R1: 1.32800
S1: 1.32721
S2: 1.32339
Price action:
Buyers rebonded from the channel, but still we don't know if sellers will react, so we need first answer from sellers. If buyers are able to break channel and hold above then we have to face off with R2 to follow official target at 1.33922 resistance level.
If buyers cannot hold, then we can see rest from buyers, which is dependent from sell bounce.
Potencial trade idea:
Bulls targets:
T1: 1.33454
T2: 1.33922
Bears targets:
T1: 1.32339
NOTE – We are trading USDCAD via the preferred trading setups
ELITEFXACADEMY
Disclaimer: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
POMO4:BZ IBOVI believe that is a good opportunity for any period. Stock still looking up and gaining strength for new highs. What do you think about it?
