FBS Analytics
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Market news & trade ideas & analysis and more by FBS team
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Regarding the above image: folks, buy or sell depends on your trading tactics. Examples.
1⃣ On the H4, you see that USD/CAD broke the resistance of 1.28. You check on smaller timeframes if there is no reversal chart formation and buy, or you wait for local correction and then buy: in this scenario, you go with bulls betting that the currency pair's next step is reaching and challenging the resistance of 1.29.
2⃣ Alternatively, on the H4, you see that USD/CAD broke the resistance of 1.28 and you assume that a significant correction will happen next. Therefore, you watch for reversal chart formations on smaller timeframes, and if you see a bearish reversal actually begin, you sell - in expectation that the pair will drop to 1.28 or lower in a correction.
So, what to do depends on your trade scenario. You may prepare for both scenarios if you like but the one who decides is you 😎
Folks, let's play a game. Imagine that you meet a person that seems trustworthy. The person claims to have good Forex signals. You follow those signals, and it fails. You've lost your money following those signals. What are you going to think?
Anonymous Poll
10%
What a scammer! Gave me wrong signals! I've lost money because of that guy!
23%
I shouldn't have followed the signals - I should've checked them by observation first.
67%
It's my responsibility: instead of someone else's signals, I need to elaborate a strategy of mine.
​​🚀 The WTI oil price is above $53 now. Here are the scenarios
1⃣ Bearish: it cedes the gains and reverts to the downside: in this scenario, you'd see the support channel of 52.20 - 52.40 crossed first
2⃣ Sideways: it keeps floating around $53 going below and above this level as the time goes by - don't get misled by breaking the resistance of $53 in this case
3⃣ Bullish: it goes above $53 - in this scenario, you'll started gradually seeing candles with their lower shades at and above $53; until that happens - assume that it's either scenario 1 or 2.
Note: by the time you read this post, the price will be already above $53 - still, think of those scenarios. One long bullish candle on H4 doesn't necessarily mean that bulls have taken over the scene and that the larger trend has changed.
​​🌇 Good day, folks! Seems we were quite right about WTI oil yesterday: it made a really deep incursion into the upside above $53 but eventually ceded all the gains and succumbed to the downside gravity. Currently, it's at $52.20. So, we are now left with scenarios 1 (bearish, down to $51.50 and $51) and 2 (sideways, around $52.20). Possibly, it's going to be the first one, what do you think? 🎢
​​🚀🚀🚀 Folks, we know there is this GameStop frenzy and all that thing but there are assets behind the scene which we can really benefit from - and these assets are providing really spectacular performance. Look at silver (XAG/USD)! Don't you think that with this kind of volatility you can have enough room for any trading strategy? 👍
Here is the analysis: https://bit.ly/2Yp1dFH 🙌
​​💥 For sure, you've read a lot about GameStop - and it will definitely stay in the headlines for a while; here you go with an article on it: https://bit.ly/3oyKIRX - and a nice tweet below just to give you good spirits for the day and wisdom of trading 😏
​​🌇 Good day, dear traders! Let's start with a brief Forex review and some key levels. Pay attention to silver - it's a celebrity asset these days! 🚀
​​📺 Folks, the RBA meeting is tomorrow: apart from the interest rate, we might have important information on the economic outlook in Australia that may affect the AUD: read the article (https://bit.ly/3cxjsB4) get prepared! 😎
​​ You often ask us about FBS Trader, our mobile trading platform. We’ve decided to tell you more about it.

To start with, FBS Trader was designed to encompass the perks of its predecessors but be simpler. In 2020, the platform was installed more than 4.000.000 times, proving it was the right decision.

👍 Same like MetaTrader, FBS Trader provides:

1⃣ Real-time statistics, detailed order information.
2⃣ Trading Forex, stocks, crypto, metals and commodities.
3⃣ Easy deposits and withdrawals, etc.

😎 But FBS Trader also has something more:

Cashback. On every order and for trading almost all assets it has.
Simplicity. FBS Trader is way more user-friendly.
Everything is neatly organized and easily accessible.
24/7 multilingual chat support right in the app.
Quick Start bonus for beginners to trade easily.

To get to know the platform, install it from Google Play or App Store and create an account (note that you cannot log in with your MetaTrader account).
📜 Folks, here are the stocks that'll see their Q4'2020 earnings reports tomorrow - these are the big ones! See the articles about them:
1⃣ Pfizer https://bit.ly/3ag13py
2⃣ Google https://bit.ly/3oD2TGf
3⃣ Amazon https://bit.ly/3j46DzD
4⃣ Electronic Arts https://bit.ly/3r9oHLf

As you already understood, apart from MT5, all of them are available in FBS Trader https://bit.ly/3j5wDKR.

Let's trade some earnings reports! 🚀🚀🚀
​​🚀🚀🚀 Folks, look at that - WTI oil is challenging the resistance of $54 and seems to be going above. Bulls are pretty aggressive here, aren't they? As always, though, be prepared for a correction at any time after such a stunning breakthrough. Daily market update is here: https://bit.ly/3ti2sVt 😎
💡 Trade idea for GBP/USD
BUY 1.3710; TP1 1.3720; TP2 1.3736; SL 1.3695

We are ready to trade if GBP/USD makes another leap up. If not, we’ll watch the support around 1.3650 once again. And what’s your take on this pair?
Here are the stock celebrities reporting their earnings tomorrow

1⃣ Ebay - https://bit.ly/3cxt8eR
2⃣ Qualcomm - https://bit.ly/2YA5R3E

😏 In case you are skeptical about those stocks, we suggest you really check those articles out - nothing can stand in the way of factual performance 😎
​​🚀🚀🚀 Folks, Ethereum! While it's at its all-time highs now, observers say it may make even greater gains in the coming months - check it out in the FBS Trader https://bit.ly/3oMmDr0 and read the article https://bit.ly/3jaj4df 👍
Everyone, we've been talking so much about the earnings reports - take a look at the review https://bit.ly/2YEqdZL of the stocks that saw their reports recently and how it moved the price 😎
​​🔍 Have a look at Joe Biden's plan for the US oil industry and see how it may affect the oil price in the long run - you have article here: https://bit.ly/3jhBJ6L
​​ You remember we have a lot of trading strategies examined and suggested in our Tips section of the website, don't you? Just in case you forgot where to click, here is the image, and the following link will take you to one of those strategies: https://bit.ly/3rj2f2o 🚴
​​🌅 Good morning, everyone! We're expecting news from BOE today: read the article https://bit.ly/3aymaUd and prepare to see the GBP make some moves on the charts 😎
​​💉 The vaccines are getting distributed across the world - that pushes the stock price of the related pharma companies! See this article https://bit.ly/3jhCJYG and get amazed how much they gained during the last several weeks 🚀
​​ After you listen to the webinar above, check this new Tips article out - https://bit.ly/39OIk5L - it gives some useful practical trade insights 😎