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Us500usd

ENGULFING CANDLESTICK PATTERN 📉📉📉✅ The pattern has greater reliability when the open price of the engulfing candle is well above the close of the first candle, and when the close of the engulfing candle is well below the open of the first candle. ✅ The bullish engulfing candle signals reversal of a downtrend and indicates a rise in buying pressure when it appears at the bottom of a downtrend. The bearish engulfing signals reversal of the uptrend and indicates fall in prices by the sellers who exert the selling pressure when it appears at the top of an uptrend ✅ The bearish engulfing candle occurs when the real body of a down candle completely envelops the real body of the prior up candle. A bullish engulfing candle occurs when the real body of an up candle completely envelops the real body of the prior down candle. ✅ How accurate is bullish engulfing? The bullish engulfing candlestick acts as a bullish reversal 63% of the time, which is respectable, ranking 22 where 1 is best out of 103 candle patterns ✅ What is bullish engulfing pattern? A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day's candlestick. What do you think ? Comment below..
BINANCE:BTCUSDEducation
by AnonimFXRO
Power of Consistency 📉📉📉Consistency Power 🔰 Don't focus on short term results when trading, it's a marathon not a sprint. You can't become elite traders overnight 🔰 Don't care about short term results and single trade outcome, only look at the weekly,monthly results as they are not random as daily results,a single trade means nothing dont be anxious and change something in your system only if you have more than 100 trades journaled so you know what works and what doesn't 🔰 Don't try to hit home runs aka BIG RETURNS OVERNIGHT it's a gambler short term thinking and their account have zero durability overtime 🔰 Focus on risk management and improve your edge over the market on a daily basis both technical and mental/emotional LONG TERM over SHORT TERM ✅
BINANCE:BTCUSDEducation
by AnonimFXRO
📍 Trading Styles 📍 Trading Styles There are a lot of strategies and types of traders and investors in the financial markets, this doesn't mean you have to learn all of them. In my opinion you should try all trading types and then conclude which one suits more to your personality becuase there is no such thing as you HAVE TO trade intraday or swing or position, everything depends strictly on you. ✅ Scalping Traders Holding positions for several minutes, in my opinion its not recommended for the newbies as you will see a lot of losses and wins during the day and this can hurt your emotions. ✅ Day Traders Holding positions for couple hour or a day, they basically when to know ar the end of the day If they made money or not. Same recommendation as for scalping ✅ Swing Traders Holding positions for a several days, intra-week trading. This is the recommendation for the newbies as you dont get the market feedback really fast and you can counter emotions + overtrading, usually they take 4-5 trades during the trading week. ✅ Position Traders Holding positions for several weeks, usually this type of traders trade on a weekly-monthly basis with a focus on the fundamental analysis more than on the technical side. Recommended for experienced traders as you can get big returns with a iron patience What type do you like or want to be ?
BINANCE:BTCUSDEducation
by AnonimFXRO
US Market Technicals Ahead (5 Apr – 9 Apr 2021)Stock market gains could continue with with the $SPX index scaling the 4,000 level for the first time last Thursday. IMF’s spring meeting and minutes from the last FOMC meeting and the ECB’s latest meetings will be in the spotlight this coming week. Investors will also be watching if Congress will pass President Joe Biden’s massive 2 Trillion infrastructure plan announced last week. Markets in China, Germany, the UK and Australia will be closed on Monday for holidays. Here is what you need to know to start your week. S&P500 (US Market) The benchmark index ($SPX) surged to its all time high with a gain of +1.61% (+64.1 points) for the week, scaling the 4,000 level for the first time last Thursday. Those gains could continue after the Labor Department reported Friday that the U.S. economy added 916,000 jobs in March, the most in seven months, while jobs growth in February was also larger than previously estimated. T The immediate support to watch for $SPX is at 3,989 level, a previous resistance turned support level going forward. IMF meeting The IMF is to begin its spring meetings (virtually) on Monday where policymakers will give a snapshot of the economic fallout from the pandemic, but also release updated forecasts for growth for 2021 and 2022. IMF Managing Director Kristalina Georgieva has already indicated that the updated World Economic Outlook will see an upward revision to January’s forecast for 5.5% global economic growth this year. Central bank minutes The Federal Reserve is to publish the minutes of its March meeting on Wednesday and investors will be on the lookout for any fresh insights on inflation amid concerns that unprecedented stimulus will lead to rising price pressures. Fed Chairman Jerome Powell played down concerns about inflation after the bank’s March meeting, saying policymakers see inflationary pressures as transient. The ECB is to release its latest meeting minutes on Thursday. Last week ECB President Christine Lagarde said investors could test the bank’s willingness to rein in rising borrowing costs “as much as they want”. Powell, Fed speakers Investors will be watching an appearance by Fed Chair Jerome Powell who is due to discuss the global economy on an IMF panel Thursday. Meanwhile, U.S. Treasury Secretary Janet Yellen is to speak at a webinar hosted by the Chicago Council on Global Affairs on Monday to discuss the global economic recovery from the pandemic.
ULong
by jfsrevg
US-MARKETS: 4-MAJOR INFLUENCERS10 yr Yield expected LOWER, RISK-ON after conformation. BUYING STRATEGY: Take 50% profit at 50% of previous WAVE (just do it) and place stop at purchase price. IF price reverses lower YOUR EVEN,.... IF price continues UP-TREND then, re-buy at NEXT CORRECTIVE WAVE. This is actually a very aggressive strategy for going in early that is why 50% "hedge" PROFIT is taken EARLY in the TRADE. Combining ELLIOTT WAVE and THIS strategy , has SAVED my account 3-TMES during the past 3-weeks.
TVC:TNXLong
by wolffarchitecture
US500 series of rising and sudden drop happeningUS500 As the economic activity hasn't picked up as expected in second quarter of this year. In some part of the US the economic slow down is further accelerating and many of the skilled and non skilled workers are unable to return to the duty. This has reflected in company growth and overall economic growth is still intact as earlier forecasted by OECD. After reaching the September high around 3600.00 (which is a key psychological level) the trend has reversed towards south as the pause in vaccine development and the surging of daily virus cases We can see a series of rising and sudden drop in the prices with the bear flag formations. And trading in a downward channel. I am expecting that the price will continue to run lower towards 3000.00 level. From this level we can expect shift in the momentum towards bullish The price is currently trading below the 50% Fibonacci and the next downside target would be 61.8% Fibonacci level comes around 3188.00 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
UShort
by forexorbit
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