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Swing Trade: Beyond Technical Analysisforex trading is one that can be intimidating to the average person. However, if you take the time to learn how to become a great trader, then you will be able to make money without all the stress and effort that comes with trading stocks or other financial markets. I can teach you how to use technical analysis to make predictions in 5 hours. The offer goes for $500! Entry: 1.77519 Stop: 30 pips Take Profit: On the chart, you will see points 1, 2, and, 3. These are your exit points.
Long
by iamspirit_io
💁‍♂️ ETHUSDT / 12H HI Everyone 🙂 As you can see, the current price is $1622. Considering that the price has been revised from the range of $1680. The desired support area can be considered $1550/$1500. It is very important to maintain the support area of $1550/$1500 to continue the positive trend. If the desired area is not supported. This scenario will no longer be valid.💹 THE Resistances Are... $1680/$1750/$1790/$1870/$1950/$2000❗❗❗ (DYOR)🌟 what do you think about ETH?? if you like my analysis please like & comment ✌🙏
by SasanSeifi
XAUUSD potential movement and entry1) NEWS TO NOTE: THE FEDERAL RESERVE AND THE BANK OF ENGLAND INCREASED INTEREST RATES BY 0.75% EACH WHICH STRENGTHENED USD AND GBP WHICH IS BAD NEWS FOR GOLD. JEROME POWELL (CHAIRMAN OF FEDERAL RESERVE GAVE A VERY HAWKISH SPEECH A COUPLE DAYS AGO IN WHICH HE AFFIRMED THAT INTEREST RATES WILL BE RISING WHICH ALSO STRENGTHENED USD) TODAY (FRIDAY 4TH) US NONFARM PAYROLLS CAME OUT WITH BETTER THEN EXPECTED DATA ABOUT US EMPLOYMENT MORE EMPLOYMENT →MORE PEOPLE IN ECONOMY →MORE MONEY IN CIRCULATION →MORE INFLATION → MORE REASON FOR FED TO INCREASE INTEREST RATES → STRONGER USD → WEAKER XAUUSD 2) UPCOMING NEWS TO NOTE: THURSDAY 10TH NOVEMBER CPI (upcoming September US inflation report) →THIS WILL EFFECT GOLD BECAUSE IT EFFECTS USD Stubborn readings could translate into sustained elevation in Feds rate hike odds (sustained higher interest rates). While this would be good news for the US Dollar, it will likely be bad news for US stocks and gold prices. 3) TECHNICAL ANALYSIS I expect the price to have a short drawback towards the primary resistance line, however, the primary resistance line (top resistance line) is unlikely to be tested (touched by price) due to the bullish momentum of gold. Then I expect gold to continue on its uptrend. If the primary resistance line is tested, it would be an excellent entry with a risk to reward of 1:2. If it is not tested, i wouldn't advise a buy order, unless there is candle patterns and chart patterns which suggest a strong bullish momentum (for example a engulfing candle or a 3.82 candle or a close above candle. In the past couple of days there has been higher lows and higher highs however this is only intraday, and over a bigger time-frame gold is bearish. Notes: PlEASE GIVE ME FEEDBACK I WOULD APPRECIATE IT SO MUCH TRADE WITH CAUTION HAVE A GOOD DAY THANKS SNIPER
FXOPEN:XAUUSD
by haadimilli
2
3 potential outcomesHey Dogers! Gaps need to be closed between 12 and 6 cents If we don't dip into the blue box to close those gaps now, we will likely break 16 cents on the climb to ~20 cents at the 0.5 FIB before falling down Bull: extend to 20 cents, pull back to 16, extend to ~32 and beyond? Balanced: Consolidate around 8-9 cents (bottom of the blue box) meaning ups n downs with lower highs around 14 and higher lows in the 6-7 cent range Bear: Drop to test 4.9, pull back to ~11, fall down to ~0.1 0.2 I think the bull case is most likely in the short term, lasting to the end of the year. We are coming off a multi month bear side, we should see a few weeks of consolidation before more volatility.
by pokp
2
Educational Series: Trading with Bollinger Bands (Part 3)The last feature of the Bollinger Band involves a slight addition to the standard indicator. Another set of Bollinger Band is added, but this time, a 0.75 standard deviation is used (instead of the 2 standard deviations). The 0.75 standard deviations Bollinger Band is indicated by the black lines. Now, look at the space between the 2 standard deviations and 0.75 standard deviations Bollinger Band. This is indicated by the white space. When price trades within the white space, I'd call it the Bollinger Trend. What you should notice is that - When the price trades within the white space, it enters into a trending scenario. - A dynamic channel is formed, with the Bollinger Bands providing the diagonal support/resistance levels. - When the price breaks through the 0.75 standard deviation Bollinger Band and moves towards the moving average, the trend ceases. The Bollinger Trend is not easy to use UNLESS - You pair it with key support/ resistance level - Apply this only to the H1 or H4 timeframe - Deploy a trailing Stop Loss, BUT Take Profit must be fixed
OANDA:XAUUSDEducation
by JinDao_Tai
1
Educational Series: Trading with Bollinger Bands (Part 2)The Bollinger Reversal is my absolute favorite and most valuable perspective of the Bollinger Bands. Have you ever - seen the price move strongly in a direction, but the moment you get into a trade, the price reverses almost immediately? or - held on to a profitable trade, hoping to hit a take-profit level, only to see your profits whittle away as the price reverses. The Bollinger Band can help prevent 1) FOMO leading to Late Entry and 2) Greed leading to Late Exit Look at the yellow spots on the charts - The spots indicate when the price had traded outside of the 2std deviation of the Bollinger Band (either the lower or the upper bound). - When the price trades outside of the Bollinger Band, two things are highly likely to happen : 1) the price reverses back before the current candle loses , leading to possibly the development of a pin bar (which usually signals a strong reversal candlestick pattern). 2) the price closes outside of the Bollinger Band and the subsequent candle is a strong retracement , back toward the Moving Average and possibly a stronger reversal. The Bollinger Reversal can be applied to ANY timeframe (M1 through to D1) When the price is outside of the Bollinger Band, you should choose to avoid entering a trade , as the price is likely to reverse. And if you are currently in a trade, and the price has broken out of the Bollinger Band, you might want to consider securing the profit . However, some more aggressive traders could even choose to trade the short-term reversal. Remember.... - This is a technical indicator. You shouldn't use technical indicators solely. - Combine it with other forms of analysis, Price Action, Fundamental Analysis, Sentiment, and Other types of indicators. The more confluences you can have, the more confidence you will have
Education
by JinDao_Tai
20 Reason for long GBPUSD1 Structure analysis time frame h4 2 target base: daily High 3 Current Move impulse 4 Entry Time Frame: h4 4.1 Entry TF Structure: bullish 4.2 entry move: bullish impulse 5 Support resistance base: fair value gap filled 6 FIB: shallow retracement 7 candle Pattern: bull momentum 8 Chart Pattern: falling wedge 9 Volume: Average 10 Momentum UNCONVENTIONAL Rsi: bullish above 60 11 Volatility measure Bollinger bands: support at middle bands 12 strength ADX: bullish 13 Sentiment ROC: bull at current time frame 14 Final Comment: buy 15: decision long 16 Entry: right now 17 Stop losel: 1.1495 18 Take profit: 1.2195 19 Risk to reward Ratio: 1:10 Excepted Duration: 10 days
Long
by Optimum369
¡Only the begining, stay alert!Hello trader comunity! We are seeing that the markets want to change their trend. More especifically the people thats is behind the computers wants to make gtains after two trimesters in loss. In the other hand, the DXY is fatally crushing after reach the level of 114 and we are seeing lower highs as the index cling to supports. The pair USDJPY after reach the level of 152 gets a reaction from the bears of the pair and then found support in the level of 147 (ema 21). Next week we have de interest rate decision of the Bank of Japan, event that could bring volatily to the pair. But what we must see is how the DXY start the week, anf if it continuos dropping behind 112 ( acting as resistance), we expect a recover from the US500, pairs against the dolar, and the crypto market. This is not a financial advice, good trades and profits!
by CRYPTONIA5