Divergence has a occured, so i am expecting a reversal soon. I'm not sure when it'll happen and I'm not going to predict the market. Looking for more signs of a reversal like price breaking the trendline and all. Will be looking for a long if that happens. Even so , I am overall bearish seeing how strong the us dollar has been looking. Therefore will only take...
to cut things short,basically this is an analysis of the mistakes i made today even though it worked out. I hope this can help beginners like me to remain rational and learn from my mistakes and shortcomings
Based on the direction of the daily charts,it seems like gbpusd is going to trade lower in the long term. In the coming few days however, i believe it will maintain and trade around 1.37~1.38 even on the shorter term. I believe that we can wait for it to hit the close to 1.38 and place a short position as it goes with the long term trend. All these are just my...
Hi guys,this is my first time posting something like this,and i'm a total newbie at trading . I hope that we could learn from each others mistakes and good trades in future. As you can see ,this is totally just my opinion on how its gonna go. The long uptrend if you look at day charts for gbpusd is a bit unstoppable, so im buying long. Currently i believe that it...