Our system has identified a strong down trend. Price has entered near the pivot point area. EMA's crossing over. Stochastics over bought. Risk/Reward: 1:1.45
Full market review for week of November 30 to December 4 2020.
Strong closing bar with EMA crossover. We going short @ 1.5460.
The daily, 12 hr, and 8 hr chart are the most ideal time frames to trade. The price action is stronger on these times frames. You can trade less and make more.
Market correlation is key to finding the best Forex pairs to trade. You don't need to take every single trade out there. If you understand that markets work in herd mentality, and analyze the market to find the ideal pairs to trade, you are doing yourself a big favor. Trade only the pairs that show the best correlations.
This is my opinion on how to trade successfully. If your a struggling trader, you might want to watch this video and take notes. It does not apply to everyone, since everyone has their own opinion in life. However, if you really want to make money in this market, not get stressed out, watch my video. Trade well everyone!
Swing trade on AUDJPY this morning. on a daily chart this is a very strong setup. We were waiting for this setup for a week now and it finally was ripe enough today for the picking. Patience is key in trading. Trade well everyone!
Beautiful 4 candlestick setup. Even though its a 4 candlestick setup, this will still work. Remember patterns are interchangeable, adaptations, and variations of other candlestick. Keep it simple.
Trend on 4 hour is clearly down. Just follow the trend my friend. Price had moved horizontally from previous and now have formed a low base breaking down the 74 level.
Let it rain! Resistance at 3 areas near the 114.00 level. Look for price to go spiraling down from here. Daily charts are more significant than the lower time frames.
Overall trend is down. Strong shooting star candlestick. 1 hour chart showing close below 10 EMA. Strong down trend!
Nice short play on GBPJPY. We see price is closing under the 10 EMA on the 8 hour chart. Overall trend is down on weekly. Price should fall from here.
Another short play. Added to position. Previous trade at break even.
Overall trend is down. 6 and 8 hour chart showing clearly price closing near the 10 EMA. Bull bars are no wear in sight and 3 red candlesticks with wicks and tails means indecision. Will wait for the 6 hour to close with a strong full red body candlestick to enter. Possible the last trade of the week. Been a very good week already.
Nice Short play here. CHF pairs are becoming weak. Overall trend is down. Strong full bear body candle. Look for price to dive!
Price has closed below the 10 EMA. Trend is down. Look for price to drop from here.
Overall trend is down on 12hr chart. Nice shooting star and smaller green bodies. Bears back in and bring this down.