Do your own analysis ...
Dont Forget Moving Stop-loss At Break-even
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for...
Still Learning - Use or ignore this information as you see fit.
EUR/USD - BUY
***Continuation of previous idea***
1). Price bounced off strong support of around 1.20458
2). Price broken 78.6% Fib line
3). Continuing uptrend towards next strong resistance of 1.25548
SL - 1.20344
TP - 25548
****Reminder that I am still learning so any constructive...
Reminder - Still Learning - Use or ignore this information as you see fit.
NZD/USD - BUY
1). Price hovered around the 78.6% Fib line for 10 candles.
2). Bounced off that Fib line and is continuing uptrend.
3). Next strong resistance is 0.74297
SL - 0.70906
TP - 0.74100
This is my very ambitious gold trade idea.
This may not happen for a while or may not happen at all something could happen that makes this trade invalid before it even starts to develop
So with this trade im still waiting for gold to stop consolidating
There are 6 main points of this trade.
1st point as seen on the chart Gold respects the "flag pattern" i.e...
So... how do you trade? why do 85% of traders lose money?
How do you trade? drop me amessage, comment on my idea. tell me how you trade the markets and why? are you self taught or did you BUY a ''forex guru's'' course?!
We ALL know that 85% of traders lose money trading on the foreign exchange market, but why? well... think that almost all of these traders are...
This trade looks very promising. The market is currently moving in a descending triangle as shown. This means lower lows and lower highs. We are currently approaching the low of the edge of the triangle. Secondly, the 50 Period EMA has been dis-respected therefore we expect it to bounce back from it. Thirdly, the market is moving above the 200 EMA supporting the...
1. Previously created a Double Top,
2. Rejecting nicely from the Fibonacci 50% resistance -> was also previous HL.
4. 4H chart creating a shooting star
We have 4 confluences.
Please if you have experience in trading and have a different opinion leave comments and say why as I'm looking to improve my trading analysis. <3
-The 1W chart shows a re-test of the support TL on this triangle pattern. This shows that there is a lot of selling pressure and bears are in control.
If you look at price in the circled area, you can see that as price increases, the retracements are strong/deep; showing that if price were to continue higher, the bears will come back and drive price back down...
(This is an idea) after playing around.
-The current market sentiment is in a downtrend.
-Price has already made a Left shoulder & a Head for this structure.
-4H chart; Price holds at green zone resistance, so a potential ADAM/ADAM DOUBLE TOP:
-Price is below the 200 EMA.
-15minute chart: Harmonic pattern formation:...