The asset has shifted its market structure by forming a new local high. The price is currently testing the 1.4007 resistance level. The price has also formed a bullish Double Bottom pattern, which could signal further upside.
#Forecast
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β€23π8
Traders test their strategies on historical data to see how they would have performed. This helps to gauge their potential profitability in different market conditions.
Practicing on a risk-free account lets you test your strategy in real-time market conditionsβwithout financial risk.
After successful tests on demo accounts, consider starting with small amounts to minimize risks while adjusting to live market dynamics.
Reviewing results and tweaking strategy parameters can improve performance and adaptability to market changes.
Traders assess how well the strategy fits their style and how ready they are to follow its rules in stressful situations.
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β€38π4π―2β‘1
#MarketNews
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β€27π₯6π€3π1
The asset has broken out of the descending channel to the upside and is showing further growth. The local market structure has shifted to an uptrend, with each new high and low forming above the previous one, indicating strong buying pressure. The price is currently moving toward the 4408 resistance level.
#TradeIdea
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π45β€25π7π€£2πΏ2β‘1
The index is currently trading within a local sideways range, with the price moving from one boundary to the other. The price is now approaching the upper boundary of the range at the 29750 resistance level. The reaction to this level could determine the assetβs next move.
#TradeIdea
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β€28π5π₯2
The asset continues to move in a downtrend. Each new high and low is forming below the previous one, indicating continued selling pressure.
The price has now shown an impulsive decline and is testing the 1.1459 local low.
#TradeIdea
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β€20π9β‘3π₯2
Oil prices are moving lower, while the local market structure has shifted to a downtrend. Each new high and low is forming below the previous one, indicating continued selling pressure.
The price is currently testing the key 98.50 support level.
#TradeIdea
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β€19π4π3
In trading, it is essential to find an entry point and understand where the price is most likely to go. The price is "drawn" to several areas on the chart - these are the so-called price magnets. They do not signal entry, but they do indicate potential targets for movement.
Formed when price moves too fast and "jumps" a range - leaving a space (gap) between candles where there were no trades.
Ideal for finding movement targets. It is instrumental in trending markets.
Areas where orders accumulateβmost often behind extrema (highs/minimums)βare where most retail traders' stop losses are located.
Liquidity pools are great short-term targets. Price often goes in there before a reversal or continuation move.
A gap between the closing price and the opening price of the next period is often caused by news or high volatility.
Great for identifying future targets after sharp moves.
Price magnets are not entry signals. They don't tell you when to enter; they show you where the price may be.
This helps:
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β€58π₯10π8π―8
#MarketNews
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β€27π7π₯4β‘2π―2
The asset is in a downtrend, but the price is showing signs of recovery. Local highs have formed on the chart, and the price is currently approaching the key 1.3404 resistance level. If these highs are broken, a local change in market structure could occur.
#TradeIdea
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β€26π13π₯6β3
The asset has broken above the descending trendline. The price tested the 67.41 resistance level. Locally, the market structure has shifted to bullish, with each new high and low forming above the previous one, indicating strong buying pressure.
#TradeIdea
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β€29π4β‘2π₯2
The asset has shown a strong decline and remains in a downtrend. The price is currently attempting a recovery and testing the 1.1491 local high and resistance level.
#TradeIdea
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β€25β‘4π3
This formation signals that buyers are gaining strength and pushing the price upward. However, to assess whether the trend will continue or a pullback is likely, traders look at:
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β€60π₯°5π₯3π2β‘1
#MarketNews
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β€26π4β‘2π₯1
The asset continues to move higher and remains in an uptrend. A Bullish Flag pattern has formed on the chart, and the price is currently testing its upper boundary.
#TradeIdea
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β€23π₯7π3
The index continues to move higher. Each new high and low is forming above the previous one, indicating continued buying pressure.
The price is currently testing the local high and key 7784 resistance level.
#TradeIdea
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β€22π6π₯5β‘3
The asset is showing signs of a potential breakout from the current downtrend. The price is approaching the descending trendline, which coincides with the key 158.110 resistance level.
#TradeIdea
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β€25
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β€23π₯5β‘2π₯°2π’2
#MarketNews
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β€26π4π€3
Globally, gold remains in a downtrend. The price failed to hold above the 4394 resistance level and moved lower again, indicating continued selling pressure. The asset is currently testing the 4318 support level.
#TradeIdea
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β€51π12π₯12
The asset failed to hold above the 0.7217 resistance level and is showing a decline. The price has already formed a Change of Character (CHoCH) and is currently testing the 0.7082 support level.
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β€14π₯4π€2