The psychology of chart analysis is the ability to quickly find patterns and key levels on a chart. It is the ability to quickly switch timeframes and see the main trend. But traders often fall into the other side of the equation. They turn into hypnotized people who do not take their eyes off the magic of charts. The trader hypnotizes the chart and the chart...
π΅Pair Name EUR/USD Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ π spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money π Key Technical / Direction ( Short ) Mid Term Type : Mid Term Swing ββββββββββ Bearish ...
π΅Pair Name : CAD/CHF Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ π spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money π Key Technical / Direction ( long ) Mid Term Type : Mid Term Swing ββββββββββ Bullish...
Hello everyone, and welcome, subscribers. Please share your personal opinions in the comments. Booster and subscription requests are appreciated. Last week, the February inflation indicators for the United States were released, showing a higher level than expected. It indicated that contrary to market expectations, inflationary pressures are not abating. There's...
Pair Name : EUR/CHF Time Frame : 4hrs Scale Type : Large Scale Analysis Way : Volume + Classic + High & low + Market Map Direction : Long Educational βββββ**- π Just browsing through my analysis means a lot to me. βοΈ Update - VIP Opportunity / Scalping ββββ Entry 1 Take Profit 1 + 2 + 3 Account Growth = 15 % Pip' Achieved = 60 PIP Entry...
My analysis on USD JPY, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci...
Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 149.49, which is an overlap resistance. Our take profit will be at 148.31, an overlap support level. The stop loss will be placed at 150.56, a multi-swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
The market tested the resistance zone twice, then pulled back to the support level. FX:EURUSD is moving sideways. If you notice that the price action formed a range, it broke it only after it formed another range zone. On the weekly timeframe, we have an inside bar. I think the market might retest the middle of the range zone, which is going to be a liquidity...
**Monthly Chart** USDJPY broke the high of August 1998 and moved higher in Oct 2022 which created a new swing high at around 150 level before drifting lower. This created a new strong level since then and the price was unable to break above it. Additionally, the price created a new MC in Nov 2023 and the price moved towards it and currently testing it. ...
It's an opportune moment to initiate a SELL order for AUDUSD at the current rate of 0.65652. This position offers potential gains in the currency market. π‘ Our recommended Entry Price is set at 0.65652, providing a strategic starting point for the trade. β The first Take Profit level is established at 0.65506, offering an early exit opportunity with profit...
EU is following a pattern similar to GU as anticipated, so the approach will be similar. I'll be seeking buying opportunities near the current price, given the presence of a 6-hour demand zone that prompted a Breakout to the Upside (BOS). If price approaches this zone, I anticipate a Wyckoff accumulation formation before entering buy positions. However, there's...
USDJPY: What's Next? 400 points as expected from the old analysis In this video, I shared with you my opinion on USDJPY. Tomorrow we have the BOJ's decision on interest rates which will create price volatility in the market. So let's get ready You can watch the video for further details! Thank you and Good Luck! β€οΈPS: Please support with a like or comment if...
CADJPY / 1D Hello traders, welcome back to another market breakdown. CADJPY has made a large leg down, which might result in a second leg down. The price is back to a Major key Level. I'm looking for a reversal pattern here. Trade safely, Trader Leo.
AS we look at EURUSD , we can conclude in this channel that its poised to be bullish , price consolidated to a 61% Fibonacci retracement ,so we riding the continuation pattern
Bearish engulfing, major demand zone and area, 50% retracement for entry and execution
π GBPJPY Buy Opportunity: π π― Entry Point: 189.161 π― Take Profit Targets: Take Profit @ 190.500 Take Profit @ 191.000 Take Profit @ 191.500 π Stop Loss: 188.500 π Trade Analysis: The GBPJPY pair is showing strong upward momentum, indicating a potential buying opportunity. With the entry point set at 189.161, we anticipate the price to continue its upward...
Dear Colleagues, price is in an upward movement of wave 3 of higher order and I expect wave 3 of lower order to start now. All indications are that the upward movement is not over yet. I expect the price to test the support area at 1.08638 and then continue the upward movement at least to the resistance area at 1.09819. Manage your capital correctly and...
OANDA:GBPJPY has been forming a bullish trend for 4 years. This trend may continue its growth as the national currency of Japan is not going to strengthen. On W1 we see a clear trend within the global range. The target in the medium and long term could be 195.844. On H1 there is a beautiful price channel and flat. Within the flat price is trading between...