Expecting further downside targets for AJ, 200 EMA illustrating further downside momentum.
- Other confluences are overall market structure clear LL + LH being printed in the market, recent PA showing a pull back to daily structure levels 2-3 Days of price action
stalling showing *Dragon fly doji* which is a reversal candlestick patterns
At first I thought that the USDZAR downtrend had been halted and a new uptrend started. However, price has respected a previous important high (August and November 2016)and has quickly moved down to just break past and sit at the previous low set March 2016. Currently it looks more like a long term range forming. The latest up moves were from potential...
EURTRY has been clearing up-trending for over a decade. The upside momentum has been significantly stronger in recent years, as seen by the more aggressive trend support lines. How long will the upside continue? Is price finally reaching a high?
The main reason for me wanting to open a long-term short on EURTRY is the positive swap rate. I personally believe that...
So I've been quite dovish about publishing ideas as I am new/green to publishing and still growing in the trading arena.
I've been watching FOREXCOM:AUDCHF since June and thanks to the education I have been receiving lately, my analysis of this pair has been quite spot on, so I'm so happy I have found such good teachers and...
major resistance tested 3 times and held
weak buying pressure - failure to create new highs
candlesticks - indecisions candlesticks and dark cloud cover and long extended upper shadows
if prices can break below 145.000 - sell
On the 4 hourly chart we see resistance with the long tails / Dojis in the candle price action. They appear to be respecting the Major resistance line which has previously been a major Pivot or Swing line. A lot of selling activity and short positioning may be occurring here. This might be reinforced with the poor US Economic fundamentals, poorly received Trump...
So I am currently learning Price Action & incorporating a strategy within my binary options demo account.
I thought no better than to share my EURUSD chart and get some comments from some experienced traders so you guys can help me out and give me some advice.
So I am expecting price to fall to either my support (@ around 1.2200) or to break from the...