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Rising Wedge identified at 30-Dec-14:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 141.2215 within the next 2 days. Supported by Upward sloping Moving Average |
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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Rising Wedge identified at 30-Dec-14:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 141.2215 within the next 2 days. Supported by Upward sloping Moving Average |
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Channel Up identified at 31-Dec-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2181 within the next 2 days. Supported by RSI above 60 |
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Ascending Triangle identified at 30-Dec-02:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3620 within the next 2 days. Supported by Upward sloping Moving Average |
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Rising Wedge identified at 30-Dec-09:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 141.2215 within the next 2 days. Supported by Upward sloping Moving Average |
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Falling Wedge identified at 30-Dec-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8953 within the next 2 days. Supported by Downward sloping Moving Average |
At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification | ||
Symbol : AUDJPY | ||
Direction : Identified time : 2020-12-29 08:00 EST Breakout price : 78.86 Forecast price : 79.1645 Forecast pips : 30 Probability : 71.43 % | ||
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Channel Down identified at 28-Dec-18:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 117.6065 within the next 3 days. Supported by Upward sloping Moving Average |
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Rising Wedge identified at 29-Dec-11:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 141.2215 within the next 2 days. |
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Triangle has broken through the resistance line at 28-Dec-18:00. Possible bullish price movement forecast for the next 3 days towards 104.2152. Supported by Upward sloping Moving Average |
At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification | ||
Symbol : USDCHF | ||
Direction : Identified time : 2020-12-28 08:17 EST Breakout price : 0.88827 Forecast price : 0.8853 Forecast pips : 30 Probability : 66.58 % | ||
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Broke through Support level of 1.3520 at 28-Dec-11:00 Supported by Downward sloping Moving Average |
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Broke through Resistance level of 1.2221 at 28-Dec-10:00 Supported by Upward sloping Moving Average |
The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification | ||
Symbol : CADCHF | ||
Direction : Identified time : 2020-12-27 18:30 EST Breakout price : 0.69292 Forecast price : 0.69517 Forecast pips : 22 Probability : 67.84 % | ||
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Trading the professional way really involves common sense. We should buy forex pairs on sale and sell it when they become expensive, not the other way around When you trade you must fire on all cylinders; you must access and activate your resources, strengths and mental weapons in the psychological warfare which is trading, The trading trenches are not a place to vacillate and equivocate; you must be willing to demonstrate your ability to focus on what matters most in the trade. You must be willing to plan your trade and trade your plan with complete follow-through of all of your rules. Forexmentor How To Trade Currencies Like The Big Dogs
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Rectangle has broken through the resistance line at 24-Dec-10:00. Possible bullish price movement forecast for the next 3 days towards 142.0651. Supported by Upward sloping Moving Average |
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Approaching Resistance level of 81.3155 identified at 24-Dec-10:00 Supported by Upward sloping Moving Average | ||||||||||||||
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Approaching Resistance level of 117.2290 identified at 24-Dec-01:00 Supported by Upward sloping Moving Average |
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Channel Up identified at 22-Dec-14:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3625 within the next 2 days. Supported by Upward sloping Moving Average |
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Falling Wedge identified at 23-Dec-22:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 116.9145 within the next 2 days. |
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Approaching Resistance level of 78.8260 identified at 23-Dec-18:00 Supported by Upward sloping Moving Average |
When trading the forex markets you need to learn to deal with losing trades. This is where using a stop loss will keep your losses small. You need to let your winning trades run and use a trailing stop. Check your charts for support and resistance areas to set your stops. Not every trade can be a winner so you need to except the fact that you will naturally have some losers. If you are new to trading the currency markets you should not trade around news release times.
The markets can be very volatile with wide swings in the pairs price. You will make money by staying with the trend and stay out of trades in a range bound or choppy market. Once the forex pairs are in a good uptrend or downtrend you can watch for a small pull back and then place your trades with the trend. The most powerful patterns for Forex traders
At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification | ||
Symbol : GBPJPY | ||
Direction : Identified time : 2020-12-15 07:03 EST Breakout price : 139.016 Forecast price : 139.45585 Forecast pips : 44 Probability : 69.87 % | ||
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