EUR/USD Found support at the 0.618 fib level. If the pair breaks trough the resistance (previous support - blue box) it will probably continue up towards the 0.5~0.618 fib. level. If the pair reaches that level, we will probably see a little pulback before it will continue higher towards the 1.272 extension. First target still: 1.0730
As you can see, I took a buy order where that little blue arrow is. Market goes up, hits the daily range and then plummets right back down and hits the stop loss that I had right below the support. To add insult to injury, the price rises right back up after hitting my stop loss. What makes price do that? I also had the same thing happen with my USDJPY trade;...
Does anyone know what the purple and blue bars mean in the volume profile? It's not, of course, in the wiki and help. Thanks!
Still learning but this seems to be a possible bat pattern if all targets are met and X to A hits the 0.886 retracement as shown. I am still learning so any advice or constructive criticism would be great!
How do we determinate which one is the correct channel? Is it the red or the yellow one? If the correct one is yellow, then the channel has been broken, a signal that we should start considering a short position, meanwhile if the right one is the red one, we could conclude that we are still going up at a steady pace and we would go long. Trying to learn! Please...
Can anyone help with this? I am just trying to learn: do you think it's reasonable to say that looking at MACD orientation, and RSI overbought, silver will go further down, or at least not break up through the triangle (as I expected) ? What's your opinion? Thanks!
If it holds here I assume it will continue going up higher to around 1.13000 before going down . If the price drops and breaks to 1.11200 then it will continue to fall .
NASDAQ: GOOGL has been on an incline for about a month. Reaching past its resistance 1 level. Could it reach resistance 2 in the next day, I would not bet on it. There is probably a higher chance that it will fall back to resistance 1 or even further. If not now, than it will eventually rest in the next week around the 745.00 mark. However, with a recent spike...
Maintain the triangle oscillation Non farm will help him to break through it??????
TRADE WITH CARE THIS WEEK AS FUNDEMENTALS WILL RESULT IN MAJOR VOLATILITY ACROSS THE GBP AND EUR PAIRS!. A FULL ANALYSIS BREAKDOWN WILL BE UPLOADED ONTO MY YOUTUBE CHANNEL BedroomBillions, Follow me on Twitter & Instagram @ Billionsfx , for regular market analysis Following the upcoming brexit referendum gbpusd is likely to see large amounts of volatility,...
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The pair has broken a strong trend line which has held since May 2015 , price has now retested this and bearish momentum can be seen to be resuming. Waiting for daily close for entry for shorts to Target 1
I am trying to learn new ways to earn money by technical analysis what do you think of this analysis? Comments on my "work" would be delightful