As the holiday season is upon us, we wanted to take a moment to extend our warmest wishes to you. This year has been filled with market twists and turns, and we sincerely appreciate your trust and partnership.
May your profits soar like a bull market and your losses be as fleeting as a bearish trend. Here's to a prosperous and successful year ahead, filled with pips, profits, and positive trends! 📈🎄
May your profits soar like a bull market and your losses be as fleeting as a bearish trend. Here's to a prosperous and successful year ahead, filled with pips, profits, and positive trends! 📈🎄
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To increase the chance of success in trading with the trend, we can look at potentially selling only when the stochastic goes above the over bought zone (above 80).
The red arrows on the chart highlight where price corrected and the red arrows on the stochastic highlight an overbought condition.
The red arrows on the chart highlight where price corrected and the red arrows on the stochastic highlight an overbought condition.
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Choosing good risk to reward trading setups could help you become a successful trader in the markets. This may be something that you implement into your own trading strategies.
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The upwards trajectory of Gold is clear for everybody to see, however there is something of interest to notice.
With price making higher highs but the MACD showing divergence (printing lower highs), could we be in store for a correction?
Also note the rising wedge pattern, typically seen when a bullish trend is running out of steam.
For the moment buyers are still in charge.
Whatever your opinion, look for a trade that meets your strategy rules.
With price making higher highs but the MACD showing divergence (printing lower highs), could we be in store for a correction?
Also note the rising wedge pattern, typically seen when a bullish trend is running out of steam.
For the moment buyers are still in charge.
Whatever your opinion, look for a trade that meets your strategy rules.
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In mid December we saw price test the 1.3730 support level but after a small push from the buyers, the sellers took control and closed price below the level.
Now as price retests, we see if the sellers dominance will continue.
Possible targets for shorts could be 1.36
Whatever your thoughts, look for a trade that meets your strategy rules.
Now as price retests, we see if the sellers dominance will continue.
Possible targets for shorts could be 1.36
Whatever your thoughts, look for a trade that meets your strategy rules.
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During the last couple of daily corrections, CHF/JPY has pulled back into the zone between the blue 20EMA and the red 50EMA. That was in November and December with the October correction finding support actually at the 50EMA.
With price now correcting the last impulse, could we see a repeat of what happened previously?
Look for a trade that meets your strategy rules.
With price now correcting the last impulse, could we see a repeat of what happened previously?
Look for a trade that meets your strategy rules.
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NZD/CAD has rejected 0.7880 for a second time with a bullish impulse.
On Friday, price printed a bullish pin candle indicating that the next impulse is potentially on the cards.
Look for a trade setup that meets your rules. Possible targets for long trades could be 0.8660 where we previously saw resistance.
On Friday, price printed a bullish pin candle indicating that the next impulse is potentially on the cards.
Look for a trade setup that meets your rules. Possible targets for long trades could be 0.8660 where we previously saw resistance.
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EUR/GBP Daily
A couple of options to potentially look out for here:
1) Price rejects the counter trendline and pushes downwards )look for a sell setup) and makes a new lower low.
2) Price breaks higher and the bigger trend (bullish) continues (look for a buy setup).
Patience needed here for more candles to print.
A couple of options to potentially look out for here:
1) Price rejects the counter trendline and pushes downwards )look for a sell setup) and makes a new lower low.
2) Price breaks higher and the bigger trend (bullish) continues (look for a buy setup).
Patience needed here for more candles to print.
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The word 'doji' comes from the Japanese phrase meaning 'the same thing'
In trading terms, the open and the close of the candle are close together and it has long higher and lower wicks.
It is a sign of indecision and can often be a reversal sign at support or resistance.
Occasionally, it can just be a pause in a strong moving trend.
In trading terms, the open and the close of the candle are close together and it has long higher and lower wicks.
It is a sign of indecision and can often be a reversal sign at support or resistance.
Occasionally, it can just be a pause in a strong moving trend.
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On Friday, GBP/NZD broke and closed below the weekly trendline. Although the trendline shown begins around the end of 2024, the actual bullish sentiment extends many years back.
The smaller time frames may now identify if this is a false break or in fact a change in direction.
If it's a false break then look for bullish changes in cycle, double/triple bottoms or maybe an inverse head and shoulders pattern (amongst other things).
Whatever your view, look for a trade that meets your strategy rules.
The smaller time frames may now identify if this is a false break or in fact a change in direction.
If it's a false break then look for bullish changes in cycle, double/triple bottoms or maybe an inverse head and shoulders pattern (amongst other things).
Whatever your view, look for a trade that meets your strategy rules.
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