Greetings, Fellow Traders,
Technicals and Chart Explanation
Indicators
Trendline: A trendline is a diagonal line connecting at least two price points, typically peaks or troughs, to determine the overall direction of a trend. In this case, the downward trendline suggests a prevailing bearish trend in USDJPY.
Resistance: Resistance is a price level where...
Hello traders
GOLD yesterday Wednesday, gold seems like pushing price to finish a final wave on this 4h chart. Don’t forget this pressure line on 4h chart. By this line, it make gold’s last impulse leg so short and very easy to be pressured from there.
And if you check it like this three arrows , you can understand what I am talking about. Each arrow or...
I'm analysing what I see on the chart of EURCHF (a pair that I do not trade). Overall there is much bearish pressure for the south coming from higher time frames. This presents much risk lower down the road. But all that matters is how loss is controlled, when trading between 15 min to 4H (for example). Lower time frames oscillate within envelopes of higher time...
