TaherJalili

TaherJalili

In last week, we were watching GBPUSD and the 3 bar reversal that had bounced off the daily support level. Price has since rotated higher and into the daily resistance level where we now see price attempting a breakout higher. This market has been in a clear range for the past few months and this level looks crucial. If we can get a clean breakout it could...

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weekly chart overview

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Last week we saw a reverse head and shoulder pattern Then the uptrend was formed by creating a higher high and a higher low We can see that momentum has decreased. And that can create a problem for a strong uptrend. We are waiting for the market to open and follow the price movement.

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Waiting for the Price Reaction zoom in and zoom out for best view

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You may say I’m a dreamer But I’m not the only one

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‌Bullish scenario We saw a decrease momentum in the downtrend. after a series of LH LL LH LL , LH and Higher low With the formation of a new Higher high , the scenario is confirmed If the new swing High was created below the Violet line, the uptrend scenario will not be valid. we are going to run plan B. thanks for you like and comments

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Watching for Breakout AUDCAD has made a huge rebound higher before making a sideways move in more recent times. As the daily chart shows ; in recent sessions price has consolidated and moved into a box pattern. If we can see this box breakout inline with the previous momentum higher it could see the next leg higher continue. This could also pave the way for...

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Supply & Demand zone and major trend, micro trend, patterns Come and tell me what you see in this chart. What is interesting to you here? And what do you think about the price movement in the coming weeks? Thanks for your Comment and Like

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Every major trend is going to have one thing in common A series of higher high and higher lows, or a series of lower highs and lower lows. Once you understand how to identify these trend patterns and the overall direction of a market, you can catch a move and stay in for a much larger trending move You can apply this type of setup to intraday and end of day...

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We were In last week's trade looking for price to finally breakout higher in this market. Whilst price did make the breakout through the resistance level , there was not the explosion that some may have expected. After the breakout price made a quick rotation back lower where the breakout resistance held as a new support level .(see the 1 hour chart) If this...

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Trading based on Price Action You do not need any indicators to see trading setups You are going back to the basics, almost all indicators are based on Price Action, why not just learn to read the Price Action yourself? Every major trend is going to have one thing in common A series of higher high and higher lows, or a series of lower highs and lower...

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To be a price action trader you must read and understand the price, and all of the chart. . Remember that and use it in your trading. Not patterns and not signals or triggers. The signals and the entries are super important, but it is the overall price action story that is the king of the jungle. To make the story you need to read the whole chart. A really...

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Business Process Architecture, ... is a description of the organization's business model and strategy, its goals and its performance metrics A Trading Process Architecture is the overview of a set of trade processes that reveals their inter-relations, which may be extended with guidelines to determine the various relations between trade processes. Having a trade...

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In mathematics and computer science, an algorithm is a finite sequence of well-defined, implementable instructions, typically to solve a class of problems or to perform a computation. Algorithms are always unambiguous and are used as specifications for performing calculations, data processing, automated reasoning, and other tasks As an effective method, an...

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Development of a Trade System

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Good afternoon. Today we are looking at another chart pattern RISING AND FALLING WEDGES . Let’s get on it. Wedges can either be continuation or reversal patterns. Just to refresh your memory, continuation patterns are formations that show side way price action, signalling a temporary pause in the trend; whereas reversal patterns indicate a change in the...

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As Forex traders, it is very important to know when the Forex market opens and closes what is the availability of the market . Moreover, it is important to understand how do the different trading hours or sessions impact your trading strategy. The Forex market opens and closes as well as the four global sessions. Fx market is open 24-hours a day for retail...

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Just as with ascending triangles, most of the times, the price will break the horizontal support line, and continue with the move lower. there is usually psychology behind every chart pattern ; and ascending and descending triangles are no exception. Follow me closely as we will now ‘investigate’ the PSYCHOLOGY behind ascending triangles : To make the analysis...