Get started

Medianline

NZDUSD: Sell Opportunity (#2 Trade - 50 Trades Journal)Our second setup comes from the NZDUSD. Looking at the hourly chart what we may see is that price bounced from a key resistance level (sliding parallel of median line, and after breaking below the short term uptrend is now in a correctio, pulling back. MACD bearish divergence adds to our analysis on going short. Setup: Sell Entry level: 0.69173 Stop-loss: 0.69525 Profit target: 0.68450 Risk/Reward: 2.05:1 Total account (units): 99 Risk 1 unit Tradewith care, John DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
Short
by Fxprotrader
9
Bitcoin: Simple Things Offer Great ThingsOne of the most basic rules in forex trading is to follow the trend and don't fight it unless there is a very good reason. Personally, I find no reason to fight the uptrend in Bitcoin as it seems like its brakes are broken. Looking at the 240min chart we can see that the resistance offered by the sliding parallel of the median line set is broken and the price is heading north. In case we see it pulling back into a corrective structure towards the parallel, we better start watching for a buy setup completion to join the whole planet buying bitcoin.
COINBASE:BTCUSDLong
by Fxprotrader