Again all is explained on my chart, i will be setting a buy order somewhere in my green box because this is a strong setup, 3rd trendline touch and strong support!
If the trade goes active and hits stop loss then you just have to learn that sometimes this does happen and nobody is correct all the time, if you cant accept this you don't have the correct mindset...
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All my analysis for this pairing is explained on the chart, but to cut it short i am going SHORT on this pairing the coming week, bears should be in full control and push price DOWN.
Come have a chat with me if you want to improve your trading and money...
A great example of 'less noise' on your charts, trade is still open from 1400 pips ago.
Shown in strategy tester - this is going to be a big one when it closes.
Far less trades with the ADX filter added into our strategy.
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Here we can see i think price will bounce in-between support, resistance and trendlines, the direction can be seen on my chart.
I will be setting some orders to catch these moves and not just jumping in a trade at market open, if you run round like a headless chicken in the markets you...
Price is going to get a sexual harassment case against it if it keeps touching this support zone, so my advise is stop it and shoot up (not drugs) like you want too.
I am overall bullish on gold and i am looking for that 3rd trendline touch to come and act as the springboard to send price to the moon (even though the space is 1 massive con)
I work on the 3rd...
GBP CHF - Short - Will sell this pair off off the double top from EMA 800 once candle closes as a hammer.
- The hammer should either doji or close red if i am to take it but this is a clear double top off of an EMA if i do
- Because this pair is currently in bullish momentum i will manage my stop and tp since it...
Clear and Simple!
The price is currently trapped between these two trend lines and has the potential to move lower towards an importan psychological level, 15.00. We will be waiting for a breakout of the ascending trendline to enter this trade.
Always keep in mind it is a game of probabilities!
DXY H4 - Here comes a possible resistance break. Looking at this zone very carefully, still an hour left until this active H4 closes. But a break and close above this zone should see the dollar bid continue.