Why do we hope to sell the cable today? The price has for me a semi-classic pin bar at the key level resistance area which is signaling a weakness on the side of the bulls. Historically, the price has never been able to make a new high. There has never been any attempt to break the resistance level of 1.1965.
Stop Lose: 1967; Take Profit: 1.1833; Secnd Take...
One of the return patterns that helps a lot in market analysis is the Double Top pattern . So that we will have a price return equal to the height of the bar. This very beautiful pattern is well evident in the one-day time of this currency pair.
TradingView wouldn't let me be great. The title is supposed to say, "How I Idnetify Key Trading Levels | Multi-Time Frame Semi Analysis". :)
Now that we've gotten that out of the way...I put together a quick video showing how I mark up my charts on each Friday, Saturday, or Sunday.
I start from the top down and identify the obvious high and low point...
Merhabalar
Çokta bilmeyerek Çift Tepe Formasyonu beklentisi ile kendim için çizmeye çalıştığım bir çalışmadır.
Yatırım tavsiyesi değildir.
Beğenip chat kısmında yazabilmemi sağlarsanız mutlu olurum.
Welcome back to my video series. In this video i have covered trendlines, it's important that you understand the basics first before you move onto any advanced.Don't be in rush, trading is a skill that requires patience and practice.
I have linked the video to support and resistance and trading timreframes.
If you have any questions or comments, leave them down below.
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...
Losing is inevitable. To be a successful trader you must truly truly understand this. Look back at my analysis. I have both winners and losers and I absolutely love them both.
Why do i love my losses? Because I don’t see them as losses, I see them as lessons. Every set up that doesn’t go as I anticipated is crucial information that I must study and this is...
As other pairs lag ,i thought it would be nice to do a rundown on the two pairs with similar incomplete wave counts.
As seen on both Gbpusd & gbpjpy
The extension moved to the wave 2 of the wave.
Similar formation both ending at wave 2.
GBPUSD
GBPJPY
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!
