OANDA:EURUSD I expect EUR to consolidate in the 1.0850/1.0950 range. EUR traded between 1.0855 and 1.0910 before closing slightly lower at 1.0865 (-0.010%). The fundamental tone has softened somewhat and EUR is likely to drop lower today, but any decline could be part of a lower range of 1.0839/1.0895. In other words, a clear break below 1.0845 is unlikely.
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DEFINITION
The risk/reward ratio, sometimes known as the R/R ratio, is a measure that compares the potential...
US30 will still continue is down channel if possible as long as it remains below EMA200. we still need the market to push up a little bit in order to fill up some gaps before looking for short. As long as he keeps staying under EMA200 in the down channel possible short is coming. Please give me a like, comment, and follow me if this idea is helpful to your...
Hey Guys, hope you are doing well.
As a part of Aglogains daily trade series, I've entered a trade at 2225 a few days ago.
Clearly, there is
Local Support - 2266
Local Resistance - 2328
What do you guys think will happen in the near future? I'm still bullish for the near term.
I would love to get your thoughts on this guys.
Ahoy! There is money to be made and lost here! 🤦♂️😂
I'm short with with an affordable loss. Others may wish to go long with an affordable loss.
It's not about how right you are but how much you limit your loss if you're wrong.
This is a nice one for new traders to experiment with on a paper trading account. 👊
Trading is a strange activity i.e. you can't...
Glad to be back after a bit of time off chasing other responsibilities of mine. EURJPY has broken down through what I see as a head & shoulders pattern play neckline.The measured move is some 200-250 pips lower providing the neck line break is held. I suspect bounces back to that neck line will be met with resistance. Hold under the neckline and this opens the...
Based on my novice analysis, price has hit a major support zone and has created 2 new higher-lows.
• Price trend has also crossed over.
• Price could hit a major support & resistance level of 10,811 or it may push through towards 11,250.
I am very optimistic about this - I am not taking the trade but I am watching it to see if my analysis is correct.
Please...
I just started to back test my trading plan but still unsure if this would be a good analysis of the chart and whether it was a good place to put my stop loss and take profit if anyone has any recomendations or any feedback i would reallyappreciate it
thank you very much.
i saw that it was a down trend so i marked it with a trendline and also it was rejecting...
Another Forex trading snack.
Well like that the market does what it wants too! The market is never wrong!
So what went wrong with my take on the SPX and what I was seeing in the markets? Nothing! Nothing at all. News hit about potential positives with the Covid 19 virus... well traders and algo’s that have had 11 years of bullishness in the markets fueled by the...
HELLO COMMUNITY,
HERE IS MY IDEA... I NEED YOUR SUPPORT PLEASE LIKE, SHARE AND FOLLOW ME. THANK YOU FOR THE SUPPORT.
1. DOWNTREND CUT
2. LAST HIGH IN DOWNTREND
3. THE LAST DOWNTREND LINE
IS BROKEN
4. HIGHER HIGH
5. HIGHER LOW
6. MY ORDER
BEST REGARDS
It’s Friday! TGIF
Here’s another Forex trading Snack.
After the ECB enacting unlimited QE yesterday during it meeting EUR was shaken with volatility and created what can be viewed as a double bottom pattern. After breaking the neck line and holding it, the path of least resistance I believe is toward completion of the pattern. That should take us towards...
Here is another Forex trading snack!
Diamond patterns don’t happen all that often. New traders might be asking what does it mean, and how can we trade it?
Diamond patterns are called reversal patterns usually found at tops or bottoms of trends. The blue trend lines form a 4 sided diamond pattern and price continues to go up and down inside of the pattern first...
Welcome to Forex Trading Snacks
I know it’s the GBP! And some traders are asking is it time to sell it now because of it’s recent pop up from a short term bottom? No one up to this point has asked me if it was a good time to buy it for the same reason?
So if everyone is short why is it moving up?
Truth is there is only one good reason for getting into a trade...
One good thing about trading Currency, there is always another trade. And at times setups show up in groups of similar patterns across multiple pairs.
Longer term chart patterns are much more reliable as patterns to play. First being a longer time frame chart pattern means more trades have been applied to form these pattern, and when they break—the moves are...
