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XAUUSD - Gold prices have peaked and have not stopped Gold rose above $2,470 per ounce on Wednesday, reaching a new record high, driven by increased optimism that the Federal Reserve will lower rates as early as September. Fed Chair Jerome Powell noted on Monday that June's lower-than-expected inflation boosted confidence in meeting the price growth target and added that the central bank will not wait for inflation to hit 2% before starting rate cuts. This was echoed by Fed Governor Adriana Kugler, who expressed cautious optimism on Tuesday that inflation is moving towards the target rate 🕯Technically: Currently, where gold's new peak is, we can only guess with round barriers, Sell rhythm should adjust vol appropriately. There is no important news today, take advantage of RSI, trendline and Breakout to trade when the gold price exceeds the threshold. Pay attention to important resistance zones. Limit SELL signals to 247x aSELL Zone: 2,500 🟢BUY GOLD: 2451 - 2449, SL: 2445 🟢BUY GOLD: 2442 - 2440, SL: 2436 🗣️Breakout:  2465 - 2480 🔼Support: 2465 - 2455 - 2450 - 2442 - 2426 - 2418 🔽Resistance: 2500 - 2515 GOOD LUCK EVERYONE👍
OANDA:XAUUSD
by Scalper_Ananda
DXY at Critical Support! Massive Move Ahead! Technical Analysis Overview of DXY (U.S. Dollar Index) on 4-Hour Time Frame: Crucial Structure Point: The DXY is currently at a significant structural level, which could determine its next major move. Key Levels: Weekly LQZ: 108.007 Daily LQZ: 106.524 Daily LQZ: 101.908 Missed LQZ: 100.552 Current Price Action: The price is hovering around 104.283, a critical support zone. The market's reaction at this level will likely dictate the next direction. Potential Scenarios: Yellow Path (Primary Bias): Indicates a potential bearish scenario where the price might break below the current support level and head towards the Daily LQZ at 101.908 or even the Missed LQZ at 100.552. This path suggests a significant downward movement. Green Path: Represents a bullish scenario where the price could bounce off the current support and rise towards the Daily LQZ at 106.524 or even the Weekly LQZ at 108.007. This path suggests a recovery and continuation of the upward trend. Orange Path: Another bearish possibility where the price might initially fake out upwards but eventually break downwards, aligning with the yellow path. Market Sentiment: The annotations indicate that while the yellow path is favored, it is essential to remain adaptable as "anything can happen" in the market. This emphasizes the importance of not reacting impulsively but rather anticipating and preparing for different scenarios. Summary: Current Trend: The DXY is at a critical juncture, and its next move could be pivotal. Bearish Bias: The yellow path suggests a potential for further downside, targeting lower key levels. Bullish Recovery: The green path offers a possible recovery scenario, aiming for higher resistance levels. Strategy: Traders should monitor the price action closely around the current support level at 104.283. Look for confirmation before entering trades, and be prepared for both bullish and bearish outcomes.
TVC:DXY
by Adlercon333
Gold at Record Highs! Breakout or Imminent Reversal?4-Hour Time Frame Analysis: Higher Highs (HH) and Higher Lows (HL): The chart displays a clear upward trend with higher highs and higher lows. This indicates a bullish market structure. Ascending Channel: The price is moving within an ascending channel, showing a steady increase in value. Key Levels: 1-Hour LQZ / Reversal: 2429.940 4-Hour LQZ / Reversal Point: 2391.394 Potential Take Profit (TP) Levels: TP 1: 2319.385 TP 2: 2288.085 TP 3: 2267.832 Current Price Action: The price has reached the upper boundary of the ascending channel, suggesting a potential reversal or breakout. Traders should watch for confirmation before taking action. 1-Hour Time Frame Analysis: Higher High (HH): Similar to the 4-hour chart, the 1-hour chart also shows a higher high, indicating a bullish trend continuation. Ascending Channel: The price is respecting the ascending channel, reinforcing the bullish sentiment. Key Levels: 1-Hour LQZ / Reversal: 2429.940 4-Hour LQZ / Reversal Point: 2391.394 Current Price Action: The price is at the top of the ascending channel. Traders should look for signs of a reversal or a breakout above this level to gauge further price movements. 15-Minute Time Frame Analysis: Ascending Channel: The 15-minute chart shows a detailed view of the ascending channel with the price closely following this structure. Key Levels: 1-Hour LQZ / Reversal: 2429.940 4-Hour LQZ / Reversal Point: 2391.394 Current Price Action: The price is currently at the top of the channel, suggesting a potential short-term reversal or continuation depending on the breakout direction. Summary: Bullish Trend: All three time frames show a clear bullish trend with higher highs and higher lows. Ascending Channel: The price is moving within an ascending channel on all time frames, which supports the bullish outlook. Key Reversal Zones: Pay attention to the 1-hour and 4-hour LQZ / Reversal points at 2429.940 and 2391.394 respectively. Potential Reversal: The price is currently at the upper boundary of the ascending channel on all time frames. This indicates a potential reversal if the price fails to break out. Traders should wait for confirmation before entering trades..
OANDA:XAUUSD
by Adlercon333
Gold Breaks 4HR Liquidity Zone: Reversal or Continuation?We provided a really clear outlook on XAU/USD yesterday evening at the start of Asia Session to look for a move to the top side or a possible start to reversal depending on reaction to the support zone being offered. Today we have a BEAUTIFUL 4HR LQZ being shown in this chart that we are currently participating inside of. Will price reverse after hitting our TP or Do we continue to follow the trend that is being given. CORE LESSON: When gold is in areas of unknown price that you have never traded before the TREND is your friend. You can find yourself wanting the market to do something because it fits your BIAS and plan better but the market is the wild west and it doesn't have to do anything you want. You anticipate and don't get caught on the side of just reacting to price. Yesterday evening at the start of the Asia Session, we provided a crystal-clear outlook on XAU/USD. We were looking for a move to the upside or the potential beginning of a reversal, depending on the reaction to the support zone. Today, we are witnessing a BEAUTIFUL 4HR LQZ on this chart, and we are currently trading within it. The big question now is: will the price reverse after hitting our TP, or will it continue to follow the existing trend? CORE LESSON: When gold trades in uncharted territory, the trend is your friend. It's easy to develop a bias and want the market to fit your plan, but remember, the market is like the wild west—it doesn’t have to do what you want. Stay ahead by anticipating market moves and avoid getting caught reacting to price action. ADDITIONAL INSIGHTS: Understanding market psychology is crucial in these scenarios. Traders often get trapped in emotional decisions, influenced by fear and greed. Maintain discipline and stick to your trading plan. Watch for key levels and patterns that can indicate potential reversals or continuations. Utilize proper risk management strategies to protect your capital. Setting stop-loss orders and taking profits at predefined levels can help mitigate risks and secure gains. Always be prepared for multiple scenarios and adjust your strategies accordingly. Remember, successful trading is about adapting to market conditions and making informed decisions based on thorough analysis. Stay patient, stay focused, and keep learning from each trade to improve your skills and outcomes.
OANDA:XAUUSD
by Adlercon333
Unlock the Secrets: Is GOLD the Ultimate Trade Today?Unlock the Secrets: Is GOLD the Ultimate Trade Today? In this episode, I dive into the current conditions of the gold market, providing a comprehensive breakdown on how to form an objective opinion. Drawing inspiration from "Market Wizards" and "Trading in the Zone," I share insights from legendary traders who emphasize the importance of patience and discipline in trading. Learn essential lessons on patience, understanding that you don't need to force trades or impose your personal bias on the market. Discover why it's perfectly fine to skip trades daily or even weekly if the market doesn't align with your setup. Mark Douglas, in "Trading in the Zone," highlights the significance of a trader's mindset and how maintaining an objective perspective is crucial for consistent success. I also share valuable advice on productive activities to engage in while waiting for the right trade opportunities. Just as the great traders in "Market Wizards" stress, sometimes the best trade is no trade at all. Use this time to refine your strategies, study market patterns, and enhance your trading skills. Remember, running in place won't get you anywhere—focus on strategic moves to elevate your trading game. By incorporating these principles and understanding the psychological aspects of trading, you'll be better equipped to navigate the complexities of the gold market.
OANDA:XAUUSD
by Adlercon333
1
Master Gold Trading in High-Volatility Zones! Unlock Risk Manag.In this video, I delve into the crucial aspects of Risk Management and share my insights on interpreting the market when it is in critical zones, just like the one displayed on our current XAUUSD chart. Here's what you can expect: Risk Management Techniques Learn the strategies I employ to manage risk effectively, ensuring that my trades are protected against sudden market moves. I will cover: Setting appropriate stop-loss levels below key support zones like the 15M LQZ. Calculating position sizes based on account equity to maintain a disciplined approach. The importance of risk-reward ratios in ensuring long-term profitability. Market Perception in Key Zones I explain my approach to analyzing the market when it is within significant liquidity zones (LQZ), as seen in the chart. This includes: Understanding price behavior around Daily LQZ (2,450.370), 4hr LQZ (2,447.909), 1hr TP/LQZ (2,419.054), and 15M LQZ (2,399.472). How these zones influence my trading decisions and help identify potential entry and exit points. Time Frame for Trade Execution Discover the time frames I focus on when executing trades in these volatile zones. I discuss: Benefits and drawbacks of different time frames. Why certain time frames, such as 15-minute, 1-hour, and 4-hour charts, are more suitable for analyzing price action and making informed trade decisions in the current market context. Trading Sessions Participation Gain insights into which trading sessions I actively participate in and why. Understanding the dynamics of different sessions (Asian, London, and New York) can significantly impact your trading strategy and execution. I will share: My preferences and how each session's characteristics influence market volatility and trading opportunities. The best times to trade gold (XAUUSD) based on historical volatility patterns. Chart Analysis Overview We analyze the current XAUUSD chart showing an ascending channel, highlighting key support and resistance levels. Key technical points include: Support Levels: Near the bottom of the ascending channel and around 2,399.472 (15M LQZ). Resistance Levels: Near the top of the ascending channel and around 2,450.370 (Daily LQZ). Price Action: Higher highs and higher lows within the ascending channel, indicating a bullish trend. A noticeable spike breaking through the channel suggests strong buying interest at lower levels. Potential Trade Setup Long Position: Consider entering near the lower boundary of the ascending channel or the 15M LQZ support level, targeting the 1hr TP/LQZ or the Daily LQZ. Stop Loss: Place below the 15M LQZ to manage risk. Key Takeaways Master the art of risk management to safeguard your trades. Learn to perceive and analyze the market effectively within key liquidity zones. Understand the importance of selecting the right time frame for trade execution. Know which trading sessions offer the best opportunities and align them with your trading strategy.
OANDA:XAUUSD
by Adlercon333
DXY on the Brink! Key Levels and Patterns You Can't Miss Trading Idea Breakdown for USD Index (DXY) Chart Overview: Time Frame: 4-hour and 1-hour charts Instrument: U.S. Dollar Index (DXY) Key Levels and Zones: Daily High: Level: 112.304 Significance: Significant resistance level from previous price action peaks. Weekly LQZ (Liquidity Zone): Level: 108.007 Significance: Key zone where price has shown notable liquidity and potential for major reversals or continuations. Daily LQZ: Level: 106.524 Significance: Important daily liquidity zone that influences short to medium-term price action. 4-hour LQZ: Level: 103.894 Significance: Critical level for intraday trading, often indicating significant support or resistance. Daily LQZ (Lower Zone): Level: 101.908 Significance: Lower daily liquidity zone that could act as a strong support if the price dips. Missed LQZ: Level: 100.552 Significance: A previous liquidity zone that was not retested, potentially a strong support area. Missed LQZ (Lower Zone): Level: 99.561 Significance: Another potential support level if the price continues to decline. Technical Patterns: Descending Triangle: Visible on the 4-hour chart, the descending triangle pattern indicates a potential bearish continuation if the price breaks below the lower trendline. Ascending Triangle: Observed in the price action within the upward sloping trendlines, suggesting potential bullish movement if the price breaks above the upper boundary. Flag Pattern: Noted in both the charts, flag patterns typically indicate a consolidation phase before a continuation of the prevailing trend. Price Action Insights: Current Price: 104.084 (at the time of the screenshot) The price is hovering near the 4-hour LQZ, indicating a critical decision point for either a bounce or a further decline. Potential Scenarios: Bullish Scenario: If the price holds the 4-hour LQZ and breaks above the recent consolidation, we could see a move towards the daily LQZ at 106.524 and potentially higher towards the weekly LQZ at 108.007. Bearish Scenario: If the price fails to hold the 4-hour LQZ and breaks below, we might see a decline towards the daily LQZ at 101.908 and possibly further towards the missed LQZ at 100.552. Market Sentiment: The charts suggest a balanced sentiment with key liquidity zones serving as potential pivot points for future price action. Traders should watch these levels closely for signs of strength or weakness to determine the next significant move.
TVC:DXY
by Adlercon333
Gold Price Explodes Past Key Levels! Is $2500 Next?Trading Idea Breakdown for XAUUSD Chart Overview: Time Frame: 4-hour chart Instrument: Gold Spot (XAUUSD) Key Levels and Zones: Daily LQZ (Liquidity Zone): Level: 2450.370 Significance: Major liquidity area where price is likely to experience significant reactions. 4-hour / LQZ: Level: 2437.909 Significance: Intermediate liquidity zone crucial for intraday trading decisions. 1-hour TP (Take Profit) Zone: Level: 2419.054 Significance: Shorter-term take profit area, potentially indicating minor resistance. Support and Resistance: Key Support Level: Around 2410.920 Previous Top of Flag: Highlighted zone where price action showed previous resistance before breaking out. Technical Patterns: Flag Pattern: The chart showcases a flag pattern where the price initially showed strong upward momentum (flagpole) followed by a consolidation phase within parallel lines (flag). The breakout from this flag pattern indicates a continuation of the bullish trend. Upward Channel: The price is currently moving within an upward channel, suggesting a controlled and steady rise in the price of gold. Current Price Action: Price: 2410.920 (at the time of the screenshot) The price has broken out of the flag pattern and is currently trading near the 4-hour LQZ level. There's an observed strong bullish momentum as the price approaches the daily LQZ. Trading Plan: Bullish Bias: Given the breakout from the flag pattern and the upward channel, the bias remains bullish. The price targeting the daily LQZ indicates further potential upside. For participating inside of this trade you would be waiting for the market to give some sort of pull back to the support box that we have indicated. The shadow vars that i have provided give a good representation of what we would be looking for in order for price to continue long. Risk Management: Ensure proper risk management by calculating position size according to your risk tolerance. Monitor key levels for any signs of reversal or significant market reactions.
OANDA:XAUUSDLong
by Adlercon333
Revealing My Top Gold Trading Secrets for Huge Profits!In this video, I reveal my top trading secrets for making huge profits in gold trading (XAU/USD). This educational content will cover key technical analysis techniques and strategies that I frequently use in my charts, as well as valuable insights into trading mindset and proper risk management. Let's unlock the potential of your trading skills together! Technical Approach: In this educational segment, we'll focus on the core technical analysis principles that I use to make informed trading decisions. Here's a detailed breakdown of my approach: Identifying the Trend: Uptrends and Downtrends: Learn how to recognize market trends using higher highs and higher lows for uptrends, and lower highs and lower lows for downtrends. Trendlines: Use trendlines to connect the highs and lows of price movements, helping to identify the direction of the trend and potential reversal points. Support and Resistance Levels: Support Levels: Identify areas where the price tends to find support as it falls, acting as a floor preventing further decline. Resistance Levels: Identify areas where the price tends to find resistance as it rises, acting as a ceiling preventing further ascent. Historical Price Action: Use past price movements to pinpoint key support and resistance levels that the market respects. Liquidity Zones (LQZ): Definition: Liquidity zones are areas on the chart where there is a high concentration of trading activity, often leading to significant price movements. Identification: Learn how to spot these zones using volume profiles, order flow analysis, and historical price action. Trading Strategy: Use liquidity zones to identify potential entry and exit points, as they often precede major price moves. Volume Analysis: Volume Spikes: Understand how volume spikes can indicate strong buying or selling interest, confirming the validity of price movements. Volume Trends: Analyze volume trends to gauge the strength of a price trend and anticipate potential reversals. Entry and Stop Loss Strategies: Breakouts and Pullbacks: Enter trades on confirmed breakouts above resistance or below support, or on pullbacks to key levels within a trend. Trailing Stop Loss: Implement a trailing stop loss to lock in profits as the trade moves in your favor, adjusting the stop loss level as the price progresses. Mini Lessons: Mindset: Patience and Discipline: Patience: Wait for the right trading setups that meet your criteria, avoiding impulsive decisions. Discipline: Stick to your trading plan and rules, even when the market becomes volatile or unpredictable. Emotional Control: Stay Calm: Keep your emotions in check to avoid making irrational decisions based on fear or greed. Mindfulness: Practice mindfulness techniques to remain focused and calm, especially during stressful trading situations. Proper Risk Management: Position Sizing: Risk Per Trade: Limit the amount of capital you risk on any single trade, typically 1-2% of your trading account. Position Size Calculation: Calculate your position size based on the distance to your stop loss and your risk tolerance. Risk-Reward Ratio: Target Ratio: Aim for a risk-reward ratio of at least 2:1, meaning your potential profit should be at least twice your potential loss. Trade Evaluation: Evaluate each trade based on its risk-reward ratio before entering, ensuring it aligns with your trading strategy. By incorporating these technical strategies and mindset principles, you can enhance your trading performance and increase your chances of success in the gold market. Stay tuned for more educational content and trading insights!
OANDA:XAUUSDEducation
by Adlercon333
XAUUSD continues its downtrend waiting for information from the 💵💵💵GOLD PRICE AND ECONOMIC INFORMATION Gold rose above $2,360 per ounce on Tuesday, recouping some losses from the previous session as investors turn their attention to Fed Chair Powell's semi-annual testimony before Congress. Last week's figures showed a softening labor market in the US, with the unemployment rate reaching a two-and-a-half-year high and wage growth falling to a three-year low, indicating impending early interest rate cuts by the US central bank. Currently, markets are pricing in a 77% probability of the Fed reducing interest rates in September, with another cut expected in December. Powell's testimony before the Senate today and the House on Wednesday will offer investors clearer signals on the future direction of the Fed's interest rate path. Investors also anticipate key upcoming inflation figures set to be released on Thursday. Elsewhere, traders are monitoring geopolitical developments in the Middle East amid prospects of a ceasefire deal between Israel and Hamas.. 🔴SELL GOLD: 2370 - 2372, SL: 2376 🟢BUY GOLD: 2343 - 2341, SL: 2337 ⛔️Breakout: top border 2370 -2378 - below 2350 - 2342 🔼Support: 2351 -2342 - 2335 🔽Resistance: 2370 -2378 - 2385 - 2395 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
QQQ: Approaches Psychological Resistance! (D&W charts)In the daily chart of the QQQ, the price is steadily climbing within a well-defined uptrend, supported by the 21-day EMA and an ascending trend line. The ETF is approaching a critical psychological resistance level at $500, marked by the red line. This level is significant as it often acts as a barrier due to its round-number nature, where traders tend to set sell orders. A decisive close above this level would signal a continuation of the uptrend, potentially leading to further gains. The daily chart also shows a recent breakout above the previous resistance at 486.86, which now serves as a support level. This breakout, accompanied by higher lows, reinforces the bullish sentiment. If you are looking for entry points, then you might consider buying on pullbacks to the 21-day EMA or on a breakout above the psychological resistance at $500, confirming bullish momentum. On the weekly chart, QQQ is displaying strong bullish characteristics with consistent higher highs and higher lows. The 21-week EMA has been a reliable support, indicating the overall trend remains bullish. The recent bullish candle indicates strong buying interest, suggesting that any pullback might be limited and serve as a buying opportunity. Integrating both the daily and weekly charts, QQQ is showing robust bullish momentum. The key level to watch is the psychological resistance at $500. A successful close above this level would open the door for further gains. Conversely, failure to break above this resistance could lead to a minor pullback to the support levels around 486.86 or the 21-day EMA. For now, we should monitor these levels closely to determine the strength of the uptrend and make informed trading decisions. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
3
DXY Seems to be going sideways with a upward biasCurrently, the DXY is touching the 25MA. Usually, price tends to bounce off this line or cross it and test the price action, determining if price should go lower or higher. Here we can see this test play out. With quite a bit of support, it's possible that price will continue to move along this sideways trend. Since the sideways movement is indeed going upward, we want to follow the trend, therefore we are long. Furthermore, the stop loss is set exactly after some lower lows, since breaking below this level would mean that the current sideways uptrend is over and a downtrend has begun.
TVC:DXYLong
by DarkMessiah777
Trade the TREND with 4 Trend Indicators4 Trend Indicators you can use to identify the current MACRO Trend. It's always important to know where your market is currently trading. Is it bullish, bearish, or range trading? If you have established the trend, you can trade with the trend instead of against it. Trading against the trend ( for example shorting during a bullish cycle ) adds unnecessary risk to an already risky trade (leverage). 1) Bollinger Bands 2) Logarithmic View 3) Super Trend 4) Moving Averages + RSI Let me know how YOU determine the macro trend! _________________________ BINANCE:DOGEUSDT MEXC:ETHUSDT KRAKEN:BTCUSD COINBASE:SOLUSD
Education
by CryptoCheck-
4
Intraday Trend Analysis - CADJPY, GBPUSD & AUDUSDToday, we're analysing CADJPY, GBPUSD, and AUDUSD. Key Note: Price is the leading indicator and reflects trader perception. We use price structures/wave structures to determine high probability price directions in the short, medium, and long term. CADJPY: Bullish trend continuation after a structural reversal. Look to buy after every pullback above 117.50. GBPUSD: Intraday downtrend. Strong momentum high yesterday. Sharp rejection during the New York session. Expect price to trade below 1.2620 after a correction. AUDUSD: Strong downtrend. Directional bearish wave structure. Look for a correction to break above wave structure 4 before shorting. High probability of a new momentum low below today's current low.
by Charts247TradingAcademy
1
Simple Strategies for NZDUSDA complicated trading strategy doesn't guarantee profits. Sometimes, a simple trading strategy works best. Here are two straightforward approaches I have for the NZDUSD trade. Strategy: 1. Retest of Resistance at 0.6096: - Setup: Watch for a retest of the resistance level at 0.6096. - Entry: Enter a short position on confirmation of resistance holding. - Stop-Loss: Place a stop-loss just above the resistance level. - Target: Aim for key support levels below for potential profit. 2. Retest of the Tip of the Bearish Channel: - Setup: Look for a retest at the tip of the bearish channel. - Entry: Enter a short position if the price respects the channel boundary. - Stop-Loss: Place a stop-loss just above the bearish channel. - Target: Aim for the lower boundary of the channel or key support levels below. Key Points: - Simplicity: Simple strategies can be effective and easier to manage. - Risk Management: Ensure proper stop-loss placement to manage risk effectively. - Confirmation: Always wait for confirmation of the levels holding before entering trades. Sometimes, simplicity is the key to effective trading. What’s your take on NZDUSD? Do you have any other straightforward strategies that work for you? Share your thoughts and strategies below!
Short
by RaynLim
Trade/Market review for 6/26/24Great day today although maybe not the best conditions depending how you trade. I was able to catch a second chance entry for an Anty setup. Although price did not follow through with the trend, I caught the second leg of the attempted continuation. Price trailed up above yesterdays high and then came to a swift collapse back down below followed by a repeated attempt to break yesterdays high again but failing to do so. Price continues to bounce between yesterdays high and low.
CME_MINI:MES1!Short
by SirBlob
Quick Update: A 3 Step System To Trade Forex PairsThis just happened right now as i was about to turn off my laptop and go to sleep and i thought about you and how i could teach you the rocket booster strategy now in my previous video, i showed you the #1 indicator that i use to -- Find these rocket prices and watch it using the references below to learn more also, watch this video as well -- So you have 3 assignments -- 1. Watch the previous video 2. Watch this video 3. Rocket boost this content to learn more -- Watching this video will help you understand this powerful 3 step system. -- Disclaimer:You will lose money from trading please learn risk management strategies
Long
by lubosi
1
EUR/USD Bullish Setup and Key LevelsThe low of June 14, 2024, created a Trend Changing Pattern making a high of 1.07614. We then saw a discount towards the low but failed to make a new low. On Monday 24, June 2024 we saw a Bullish break of Structure making a high of 1.07465. The pullback low of 1.06836 before that bullish move is the Key price that gives us a high probability of bullish activity as long as the price stays above 1.06836. Based on the price information, our high probability trade is to buy a 15Mins close above 1.06994. Stop Loss: 1.06836 Target 1: 1.07465 Target 2: 1.07614 Think in Probability: As traders, you must be careful to align your behavior and expectations with the following principles: - Anything can happen - An EDGE is only an indication of one thing happening over another - There is a random distribution between wins and losses - You don't need to know what will happen in order to make money in trading.
Long
by Charts247TradingAcademy
1