keep eye on fibonacci levels based on Support & Resistance lines for any breakout/pullback on lower timeframes.
AUDUSD - Last week I recommended BUYING this market at open (.7572) and we are now at .7725. Price has now pushed well into a solid resistance zone and although further gains cannot be ruled out and the RSI suggests we have scope to go higher, the market may be ready to stall out. The last H4 candle was a shooting star/hammer bearish reversal and we could be...
It is an established fact that more than 99% of traders will lose money consistently. Eventually they will quit trading because they become convinced that it is impossible to consistently trade profitably unless you are a trader at a big firm or just lucky. Not so. While some swear by fundamentals, and others by technicals, the truth is that most consistently...