1) Entry @ double bottom. 2) 2nd entry on break-out. 3) 3rd entry @ break & retest of flag pattern. 4) Sell after a break of rising wedge. 5) 2nd Sell entry @ break of flag pattern. 6) Entry @ break of inverted head & shoulder pattern. 7) 2nd entry @ break of symmetrical flag pattern. 8) 3rd entry @ break & retest of structure zone.
Wait for a break below the most recent higher low . Once you get a break below, watch for a retest of that level ( may create a bear flag on the lower time frames which will allow you to draw a trendline; entries on break of trendline will be the safest).
As usual, at the beginning of the month we have a busy week from a fundamental point of view, with presentations of reference rates, NFP, etc. As well, on Monday we have bank holiday on GBP and Tuesday, Wednesday and Thursday on JPY, so we can see less volatility on pairs with these currencies. Seems we could see an increase rates on AUD, USD and GBP, but I think...
What Is a Stop-Loss Order? A stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed to limit an investor's loss on a security position. For example, setting a stop-loss order for 10% below the price at which you bought the stock will limit your loss to 10%. Suppose you just...
📚 LEARN MORE 💰 EARN MORE With ForecastCity Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower peak (right shoulder). A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does not...
📚 LEARN MORE 💰 EARN MORE With ForecastCity Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower peak (right shoulder). A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does...
Following on from our last post on DXY, we have moved up a considerable amount. In our last post we identified the higher timeframe impulsive move and waited for a catalyst, NFP, to move the market in our direction. See our previous post below: In Elliott Wave Theory, the impulsive wave can be broken down into the following 5 waves: Wave 1 - is made up of 5...
I always emphasize that time in the market beats timing the market, but I want to share an interesting approach that you can consider taking when timing the cryptocurrency market, especially when it comes to Bitcoin's overall direction. This is not financial advice. This is for educational purposes only. Tether Dominance - Just as Bitcoin dominance refers to...
Little educational post for you guys! If my analysis is correct & the current uptrend is Wave 5, an effective way to estimate how far this last bullish cycle will go is to go back & look at Wave 1, when Gold first started its uptrend in 2006. Wave 1 & Wave 5 tend to be very similar in how many PIPS they move, with a few hundreds PIPS difference which is very...
TOP TIPS TO PASS PROP FIRM CHALLENGES (FTMO, MYFOREXFUNDS ETC..) 1. TREAT THE ACCOUNT AS IF ITS HALF THE SIZE. For example; If the challenge is a 100k challenge, treat it like its a 50k challenge and enter your positions according to that. That way, your losses wont be as big and if your strategy/analysis is good then you'll eventually pass the challenge. Most...
TOP TIPS TO PASS PROP FIRM CHALLENGES (FTMO, MYFOREXFUNDS ETC..) 1. TREAT THE ACCOUNT AS IF ITS HALF THE SIZE. For example; If the challenge is a 100k challenge, treat it like its a 50k challenge and enter your positions according to that. That way, your losses wont be as big and if your strategy/analysis is good then you'll eventually pass the...
This is how Gillionaire Global Academy Trade. So here , we have two (2) points of view by Market : Demand Zone Supply Zone Demand is Inflation Supply is Deflation I wish you blessed trade. If you like this tutorial ... just follow . Big huge for y'all
Welcome Back Please support this idea with LIKE if you find it useful. ********************************************************** Hello.... after I tested this new indicator a lot .. and i found it very useful to find the best key lines on the chart I decided to share it here.... the indicator is depending on stochastic momentum to collect the strongest lines...
Today we will go through a simple trading lesson, but an effective one. The example I will be using today in terms of timeframes is mainly focused on Swing Traders; however, these principles remain valid for any timeframe because of the fractal characteristic of the market. Also, this will be a bullish example, but the same principles apply to bearish examples. ...
ETHEREUM 3 MINS ANALYSIS SUPERB PATTERN FORMATION IS ABOUT TO HAPPEN IN ETH/USD IF YOU GUYS USE EXNESS PLATFORM TO TRADE CONTACT ME +91 9653163602 Also i am trying to connect with new series of price action and technicial indicators for you guys give a high fi to me there
For almost a year DXY has been in an uptrend but we may soon be at the end. Last Friday, DXY closed with a bearish candle at the double top region, indicating that there are al lot of sellers at that level. If we continue to show bearish pressure, we can soon end that uptrend and take advantage of USD weakness across the board. Here's a brief breakdown on how...
How do you trade with Correlation? You can trade on forex pair correlations by identifying which currency pairs have a positive or negative correlation to each other. I have identified above the 3 main correlation pairs which correlate best with each other. In the conventional sense, you would open two of the same positions if the correlation was positive, or two...