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Are we going to see a break in channel to the downside yet? Market in consolidation mode on channel line, could lead to one more rally up or a break from channel. I am looking for a break downside as that is where the real profit is. Keeping a close eye on this one... For observational purposes, trade at your own risk...
The reason so many people are attracted to trading is because of how it is portrayed on social media. I’m not here to Bullsh#t you, I am only here to deliver pure facts and that is how YOU WILL LEARN. Firstly, the most us were attracted to trading because of how simple it seemed to actually make money, until we started trading and realised that it wasn’t that...
Purple arrows = resistance Orange arrows = support support/resistance level 1.28889 4H CHART - We can see resistance has been used and respected many times and price is currently at resistance level, So most traders would SELL rite? 1D CHART - Price is also at resistance level after respecting it on numerous times, so another SELL rite? 1W CHART - Price is...
With the Pound reaching new highs since Brexit it was clear that eventually it will run out of steam. Bang on a trend line we saw a rejection followed by a spinning top, with a strong candle close after the next 4 hours it was clear the sellers were jumping in. Easy 177 pip trade!