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Rising Wedge identified at 11-Jan-02:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 116.4635 within the next 3 days. Supported by Downward 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 11-Jan-02:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 116.4635 within the next 3 days. Supported by Downward sloping Moving Average |
Trading forex news can be risky it is you against the currency market so you need to be careful. The swings during news release can be brutal it is not for the new forex trader. Experienced traders have spent years developing a trading style taking in consideration price action and focusing on their technical set ups. Most of the time the big money in the markets have already factored in the news and information ahead of the news release. This is why you need to be very cautious trading the news. The best way is to watch the price action after a news release and wait for a pull back then enter the trade staying with the trend. Watch your charts and place your trade from your technical analysis.
The Forexmentor Live! interactive training in trading Forex includes unlimited access to the live trading classroom, detailed tutorial videos used in trading client accounts, a step-by-step guide to the LPT Method, technical analysis, detailed presentations throughout the day, live Trade Alerts, access to Professional Fund Managers, access to live news feeds in real time and so much more.
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Channel Up identified at 07-Jan-06:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7643 within the next 2 days. Supported by Downward sloping Moving Average |
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Channel Up identified at 07-Jan-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2209 within the next 3 days. |
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Falling Wedge identified at 06-Jan-04:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 103.1925 within the next day. Supported by RSI below 40 |