DForexCaptain

DForexCaptain

How many candles do we need to wait, for us to know what order we will do?

DForexCaptain

There is no single "best" indicator for analyzing the forex market, as different indicators serve different purposes, and the effectiveness of an indicator can depend on various factors, including market conditions and individual trading styles. Traders often use a combination of indicators to make informed decisions. Here are some widely used indicators: 1....

DForexCaptain

As per my personal analysis, we can see a potential breakout during or after ECB President Lagarde speech.

DForexCaptain Updated 

Now that the candle already touched the 1.06520 we are now waiting for a strong confirmation if it will break the end of Confirmation area which is 1.06700 then we will decide if we will Buy or Sell

DForexCaptain Updated 

As I posted in Mind, I am waiting to break the barrier of 1.05861 to go up on another strong support of 1.06520.. Hopefully my analysis will be correct again

DForexCaptain

If the 4H candles will enter the Retest Zone (Rectangle) and continously fall down and exit the Zone the possible retracement will be between 1.05356 and 1.05290. My long position will be after the Bear Rejection in the Retracement Area My Short position will be in the exit of the Retest Zone

DForexCaptain

As I keep on posting in the Minds, the future of the Breakout Candle is in the hands of Support and Resistance. Now we can see on how many candles went up and down to reach the Support and Resistance.

DForexCaptain

On my previous idea, M30 candles was idle on the Support Bed for some times and when the London Market opens it went to her Mother Resistance just to kiss and say goodbye again. The Retracement and Correction are still elusive to catch so be gentle on your decision on whether you Buy or Sell but for me I am just patiently waiting the Candles to give some kisses...

DForexCaptain Updated 

There are some candles that hit the M30 Support and now they are moving sideways.. H4 Support is still in the picture as long as the Daily candle is open..

DForexCaptain Updated 

Based on the trendline that I've made there is a possibility that the 4 hour candle will continue to fall down to support level

DForexCaptain

Based on my TA, 4H candles will play tug of war between Support and Resistance before it totally breaks the Trend (also depends on the on-going conflict of Israel and Palestine). If you have a floating Buy or Sell, better let it float and set SL or TP.