So The Take Profit Was HIT! Right from here onwards, on the hourly support in the past price has bounced back off to atleast 1700. So lets wait for the new hourly candle and see where this one takes us. If it resists then GO LONG. If it breaks then GO SHORT. It's a simple equation.
Pretty Much Blew My Whole Forex Account To Pieces, But I'm Still Learning - First Month Into Profit, 5 Days Into The Second & Boom It's All Gone. Call it beginners luck. But I'm still going to try and do some analysis whilst I recover from this mentally. It's all a learning curve at the end of the day and it's always best to build on your mistakes. Here we...
So after my last post I had a lot of you guys message me for tips on how to get started with Forex, well its very simple once you start to understand it. My most useful tips would be to keep it simple, don't overload your charts with indicators just because you watched 4 different Youtuber's use 5 different indicators doesn't mean you should add them all to your...
Hi There, I'm Sam. I'm actually new to forex and only really started getting into it about last month, so have been trading for a month now and safe to say I did have a profitable first month, I know a lot of people find it hard to get started, and don't usually start with profitable months, however that's not something to be happy about straight away, because...
FX:GBP/JPY has been ranging nearly all day causing much confusion for everyone. However, here's what I see: 133.000 is a major resistance, as you can see from the arrows on the chart. You can see a double top at that level. When you look at the current candles on the currency pair, you can see that bullish momentum is currently being lost, as the candle sizes...
As you can see here from the 30m timeframe, price can't seem to break the resistance set by the ichimoku cloud, so this can only mean there is a price reversal in question and it will happen. Short this.
Failed to break through (see circle). We see many long wick candles and then a colour change, GJ is coming down to at least TP1 which it has been going closer and closer towards. It will break the 132.000 and carry on.
Im watching FX:GBP/JPY very closely here. Because if it bounces of the resistance up at 133.000 and cannot break it this will be for the 4th time in the space of 48 hours, meaning price will be going straight down, at least to TP1 if not TP2 as well. Ichimoku says the price will be going up, so there's a lot of confusion around what price may do. However it may be...
Major resistance has been hit but as you can it see was rejected twice, bearing engulfing candle forming just Awaiting second confirmation before shorting.
That’s 2/2 for me. Predicted the pound would be strong this week and it was especially for FX:GBP/JPY. We’re just waiting for it to hit resistance up at 133.000. Then there may be a chance for a possible reversal. Let me know what you guys think.
Prediction was right and price is heading straight towards our TP! Exciting times
Fibonacci says it all for CHF/JPY. We just have to wait for the reversal candle. Watch this one.
Looks like GJ has retraced a little on it’s up-trend & with fib in place. It looks on track to reverse back to its uptrend and smash that 133.000 level. Watch this one...
Price failed to break resistance numerous times and is showing a price trend that is seemingly going down. Suggest shorting this one.