> - I appreciate at first this looks overly colourful and somewhat convoluted, but look twice, its completely unproblematic. There's literally 3 or 4 things I've added to this chart.
> - Simplicity is key:
5 Touches on the bearish Trend line
Daily Support Zone plotted
4Hr Support Line plotted (incase of consolidation towards trend line)
Evidence of a gradual...
Have had my eye on this trade during the weekly, long term I have a long bias and usually I would be looking for buying position. But certain moves in the market have suggested to me that the pair are likely to trade bearish for the next 1-3 weeks and so I will be looking for shorts in the short term to enter with and monitor from the daily chart. Will see how...
Gbpcad clean and simple short, we might see a stop hunt to the highs first before the midweek reversal comes in. patience is key for this pair as we saw a lot of fake confirmations on the 4hr chart.
This is drawn on a weekly chart.
Following on from my Forex Market Breakdown Volume 5, price seems to be following suit.
We continue to consolidate between hourly support and resistance sitting between 111.756 - 111.980. Previously short term support was broken and retested and price formed a potential short setup from this zone. However, this turned out to be a fake out and since then price...
Simple continuation of the h4 bullish structure. After respecting a sig level @76.33 we can see a profit take occur which has caused a short term snap back to our potential entry price @75.60 we will asses price action at this price and anticipate buying pressure being added on the basis of the ascending trend level being re tested this will give us confidence in...
I thought I would give you guys a little money making opportunity if you missed out before yesterday, no worries.
First trade opportunity: buy at 0.315 and sell at 0.324, which is 2.8% profit. Next target, 0.341.
Second trade opportunity: buy at 0.305 and sell at 0.315, which is 3.2% profit. Next target, 0.324
In both cases, you want to sell a part of your...