EUR/CHF forex chart

 

EUR/CHF 10-Nov-22:00 -> 02-Dec-22:00 Target Level: 1.0792

SL: (A) 1.0792 Last TP of Rectangle RL: (B) 1.0872 Last TP of Rectangle Target Period: 3 days Interval 4 hour Pattern Rectangle Length 55 Candles Identified 02-Dec-14:00

Rectangle identified at 02-Dec-14:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0792 within the next 3 days.

USD/MXN

 

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 : USDMXN

Direction :  Identified time : 2020-12-02 16:01 EST Breakout price : 19.9928 Forecast price : 19.963 Forecast pips : 30 Probability : 64.02 %

Pattern : Triangle Interval : 60 Min Pattern : Pennant Interval : 240 Min

trade management

 You need to set trade management rules and stick to them, but if traders can stick to doing the same trading over a period of time, we can then see this for ourselves and make the necessary adjustments when needed. If you are losing on trades you need to find the answer to what is causing the problem. Take a look and if you are a now forex trader you should not trade at news releases. this can be dangerous because of the large spike and doji's that form. These spikes can take out your stops in a heart beat. traders need to gaining more confidence in trading strategy and plans by doing the statistical work that will get them there.

Learning to trade the forex market

  Learning to trade the forex market will make you a profitable in the long run. Forex trading start with knowing money management. Money management should include your trading plan and how much to risk in your Forex account. As a forex trader you should never trade your entire account on ant trade never more then 2 percent, a trader should never have more than a few trades open at one time. By trading a couple different pairs, the forex trader reduces the risk among each of the Forex trades you have placed.

 Money management Is key is saving your trading account. A smart forex trader takes 4 separate trades on four different pairs. With the proper research and taking long and short positions will be able to make a good return on investment. The use of stop losses in important if taking on four trades at one time. This is for establishing initial and continuing stop loss orders for any forex trade. As part of good money control. Traders should always have stop Losses in place.

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Forex Trade GBP/USD

 

GBP/USD 17-Nov-08:00 -> 02-Dec-11:00 Target Level: 1.3288

SL: (A) 1.3288 Last TP of Rising Wedge RL: (B) 1.3441 Last TP of Rising Wedge Target Period: 3 days Interval 1 hour Pattern Rising Wedge Length 210 Candles Identified 02-Dec-09:00

Rising Wedge identified at 02-Dec-09:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.3288 within the next 3 days.
Supported by Downward sloping Moving Average