Second video already! I do like this way of communicating!
1. I haven't traded the GU all year
2. Missed short opportunity but that's fine.
3. Looking at shorts as mentioned in the video but will need confirmation if and when price gets to the area of interest.
4. If your strategy permits, you can trade both directions when a setup has...
I have placed my bias for silver to dropped to the profit level marked with the blue horizontal trend line. I have taken several factors into consideration on this trade such using a higher timeframe and more. RSI indicator is also shows us an extreme overbought on the 4 hour. I think this pair is pulling back a little to possible trend higher than the previous...
Overnight we had the Australian central bank cut interest rates as expected by the market and they also indicated that they were "one and done" for the time being which lead to Aussie dollar rallying overnight to the top of the descending channel highlighted in our tradingview chart.
At the same time we have the spike higher meeting an area of...
Looking at the setup on Euro versus Japanese Yen which after breaking below support at 123.5 area, and more importantly holding below as per our trading view chart, the pair is opening up a retest of year to date low at 118 area.
The break below 123.5 area leaves very little in the way of near term support providing a great risk reward setup...
Falling wedge trade with tp: 1.71499. I see a longer term trend on the hour chart which suggests the opportunity for the pair to fall even more, I will post this is the signals group.
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My analysis is based on a stuck in the box type formation which has taken place on a D1 chart. With many attempts to breakout it has found a very strong resistance, we have had a false downturn take place today with a retest to the top. What i think is going to happen here is it may even retest and break this key level, but with NZD news coming which is...
Confirmation is big part of trading and waiting for it - always look for at least 2 or 3 additional reasons why a trade is a buy or a sell.
We make mistakes and we take losses whats important is that we learn and take it forward.
Our trade on EUR/AUD on the 4H time frame took profit today with all three targets smashed.
TP 1: +27
TP 2: +54
TP 3: +108
Our team are now eyeing up the pair and waiting for confirmation for a short term bearish move. If the confirmation comes then we short, if it doesn't, then we continue to analyse until we see the banks make their move.