EURUSD has broken it’s short term range, overall trend is bearish. Stop loss goes above the 61.8% Fibonacci level as shown in the photo. Risk to reward. 1:1 RR. HIGH PROBABILITY TRADE
My last trade idea didn’t go as planned, the stop loss was too tight. the pull back has provided us with a better entry, Stop loss goes below the overall low
Risk to reward 1 to 2. Bitcoin is still very strongly bullish
Bitcoin has just purged liquidity on the daily timeframe, it has broken it’s counter trendline, buy now, stop loss going below it’s H4 bullish candle breakout, risk to reward 1 to 2 RR
I can’t take this trade on FxPro, because they don’t have BTC, I believe you all can profit from this trade on your personal accounts
Progress currently, took a 1% loss yesterday, just wanted to show the whole journey with you beautiful people. I believe we are gonna make up with this trade hopefully
Quick intraday trade on Gold, it’s at a major resistance level and price action is showing bearish patterns I believe the trendline will not hold and if that happens price should hit full take profit at 1:2 RR, so far Gold has been very bearish since the FOMC meeting
Idris – you think right – the whole move is made out of waves ( move Up/correction/move Up and so on)
To be able to determine those waves, you have to use moving averages ( easiest way ) , or some other indicator that you are familiar with – but do not treat it as a “Law” as market tends to be hectic – especially when there are data and news coming in.
It is more of a visual understanding then some specific numeric “levels”
I will talk about all of it during this weekend , including how to use MA’s in your trading.
Sorry to all for kind of lack of my participation , but I caught a bug…not a flu, but equally bothering…