Wild day for #forextrading 📈💥📉 easily one of the highest intra-day volatility days we have had this year across almost all #forex pairs.. coming out with some nice profits running up on the score board 💰📈 -
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Support and resistance indicates where the market can not break past after testing that zone. These zones of support or resistance can be a great way to identify potential entries for either selling or buying positions! 📉📈
here is a great example of a pin bar that formed after price broke through support and then retested it from the other side as resistance. This is actually a pattern that’s still taking shape as I type this.
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11 45822 days ago
One of the misconception about traidng is that traders think that the more time you spend in front of your screens, the more
money you make. this is totally wrong,most successful traders spend less than 2 hours a day to analyze and make their tradingdecisions.
I agree, if you are a beginner, you should spend more time in front of your screens to learn and understand how the markets work, but when you get enough experience, you should understand that when you trade , you are trading money for money.and this has nothing to do with your day job. you are not obligated to spend 12 houres a day to make a good income.
Make sure that you are getting sufficient sleep and keeping a fairly consistent schedule.
Whi is still doing this ???share your experience and let us talk about this topic .
This test will tell a lot about what type of Trader you are which one are you? 1st or 2nd? 📊
11 3662 days ago
45 12265 days ago
-Trend Line Reversal Trade Opportunities
Because we know they are anticipated to act as reversal points, we can target reversal trading signals here.
We use candlestick reversal patterns a lot for our trade setups, so we heavily focus on those.
Here is a bullish market example with some candlestick reversal signals…
We had a clear obvious structure here, which was holding nicely as a linear support.
It is only logical to target it for buying opportunities via bullish reversal patterns.
This chart had a bullish outside candle, and a bullish rejection candle (both reversal signals), form off off the level, communicating to us that the the trend line once again was holding as support.
To learn more check out my own ebook in my bio.the ebook is 168 pages,and it covers all price action strategies and tactics that you need to trade the market.if you want to purchase your copy check it out in my bio,
or send me a private message.