fancybigboss

fancybigboss

TIMEFRAMES: 4hr(bias), 1hr(position), 30min (entry) Indicators: Price action, 50ema Position: Short So im a newbie (16yo) and I'm practicing trading, Pls leave a comment on what to do next like what to improve. The Price has broken the trendline,Which might indicate a reversal, and i the market of eur/usd is currently on a possible downtrend. I will enter the...

fancybigboss

currency pair: AUD/USD timeframes used: !hr, 4hr, 30min Indicators: Price action Analysis: So in 4 hour chart it looks like the price is on its area of support and reversal might happen.... but i drew a trend line and showed a possible descending triangle (tho it might be a false triangle and might reverse but the price will still respect the trendline untill...

fancybigboss

WEEKLY- I set my timeframe to weekly so that I can set my area of support and resistance. and also to see what is the current market stage is and it is currently in its Distribution stage. Daily- I set my Timeframe to daily so that I can start predicting what will or where will the market go. And based on my analysis the market is in its resistance and also on a...

fancybigboss

based on my analysis, the trend might go to an end because the market has reached its previous swing point (4-hour timeframe). after further observation, the market has formed an accumulation in that area(4-hour timeframe), which means that there is selling pressure and sellers are unlikely to give up. I will open my position for short after the market break its...