I now believe the eurusd bearish bias to be seriously over sold ,
The buyers look like that are starting to gain a control over further falling movements.
A bullish engulifing candle is being created on the 1hr lets see how the candle closes
Bit more of an educational post for newer traders to hopefully learn from. Basic insight on a clear chart of how support and resistance levels and price structure works. We can see with every down trend and break below support we have a pullback and retest of support turned resistance. Likewise now we are in an uptrend with some strength in the pound for every big...
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...
Nice and simple first trade setup that i'll be posting on tradingview hope to continue and grow a healthy following, for each chart i'll be breaking down the steps and processes in which i took to conclude which ever idea i'm showing in bullet points allows the reader to understand it alot easier - Simple strategy breakdown and history i'm a Price Action Trader...
The last candle still has some time to close, but based on what is now, we can see an indecision forming on area of support. USOIL dropped 3.5% today, which is a strong move, so we may look here for some short-term long positions.