Here is my prediction for GBPJPY for this week, with the UK economy set to open later on this week, i believe the market will move itself higher in order to kickstart a uptrend before next week when the UK economy will be in full flow.
However before rising i do feel that GJ will touch/kiss 131.500 before then shooting back up to 133.000. This will be a good...
It's explained above.
To back up my points, AUD/CAD has been in a downtrend on the monthly chart for a while now, and the last few months have seen a lot of bullish momentum, more than anything this is a lower high that will form on the monthly and it will be the start of the continuation of the original downtrend of this pair. There is a strong...
Probably like a lot of you..
Ive only been trading for about a month, since sitting at home and getting bored pretty much. But i didn't just get into this without knowing anything,
I done my research and took my notes (Didn't buy a course/ don't have a mentor) - Had my first profitable month and also blew my account. All so quick eh?
What can we do?...
Predicted the movement on GJ too. Still waiting for price to react with the level of 138.000. Before either bouncing up or breaking down. We have to watch this pair for the next few hours also, atleast until New york opens, even though i doubt that will have an impact, nevertheless, you never know.
Let me know what you guys think :)
Price hit take profit level. Sweet bit of profit for the morning.
Now lets see how price reacts with the key level of 1.51000. currently see a retest. But lets watch this and see exactly what price wants to do.
BOOM BOOM POW!!?
Gold has been messing around with everyone, lets be honest, we all knew it was coming with lockdowns being lifted worldwide right?
Well here we have gold at one of its lowest supports in the past few months. Many are saying GOLD will continue to fall before rising again if there is a second wave of COVID-19.
My analysis is that there will be...
So This Is One Of My Favourite Pairs.
It's Also The Pair That Blew My Account Last Week.
Now GJ could go one of many ways this week. Let me give you my analysis for this pair.
This upcoming week, retail stores and major brands will be reopening from Monday, this may increase the value of the pound and get it back to a position it was before a lockdown was...
So The Take Profit Was HIT!
Right from here onwards, on the hourly support in the past price has bounced back off to atleast 1700. So lets wait for the new hourly candle and see where this one takes us.
If it resists then GO LONG.
If it breaks then GO SHORT.
It's a simple equation.
Pretty Much Blew My Whole Forex Account To Pieces, But I'm Still Learning - First Month Into Profit, 5 Days Into The Second & Boom It's All Gone.
Call it beginners luck. But I'm still going to try and do some analysis whilst I recover from this mentally. It's all a learning curve at the end of the day and it's always best to build on your mistakes.
So after my last post I had a lot of you guys message me for tips on how to get started with Forex, well its very simple once you start to understand it.
My most useful tips would be to keep it simple, don't overload your charts with indicators just because you watched 4 different Youtuber's use 5 different indicators doesn't mean you should add them all to your...
I'm Sam. I'm actually new to forex and only really started getting into it about last month, so have been trading for a month now and safe to say I did have a profitable first month, I know a lot of people find it hard to get started, and don't usually start with profitable months, however that's not something to be happy about straight away, because...
FX:GBP/JPY has been ranging nearly all day causing much confusion for everyone.
However, here's what I see:
133.000 is a major resistance, as you can see from the arrows on the chart. You can see a double top at that level. When you look at the current candles on the currency pair, you can see that bullish momentum is currently being lost, as the candle sizes...
As you can see here from the 30m timeframe, price can't seem to break the resistance set by the ichimoku cloud, so this can only mean there is a price reversal in question and it will happen. Short this.
Failed to break through (see circle). We see many long wick candles and then a colour change, GJ is coming down to at least TP1 which it has been going closer and closer towards. It will break the 132.000 and carry on.