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GBPUSD - Price struggled to penetrate 1.2401 zone but then we got massive bullish candlestick. Price then went back to this zone to test it again. I would like to see nice wick rejections and bullish candlestick so I can look for buy opportunities on lower time frames.
*Hourly indicators and moving averages are giving us buy signal. Keep on mind that these indicators and moving averages doesn't predict future moves and many times can give wrong signal.
*Hourly indicators and moving averages are giving us buy signal. Keep on mind that these indicators and moving averages doesn't predict future moves and many times can give wrong signal.
GBPJPY - Similar situation here with 132 zone. I will look for wick rejections, bullish candlesticks and entry reason to buy on lower time frames.
*Hourly indicators and moving averages are giving us buy signal. Keep on mind that these indicators and moving averages doesn't predict future moves and many times can give wrong signal.
*Hourly indicators and moving averages are giving us buy signal. Keep on mind that these indicators and moving averages doesn't predict future moves and many times can give wrong signal.
USDJPY - This trendline was broken and retested so this minor downtrend has ended. Now we have battle between bulls and bears and Significant zone 107.9 is near so I will wait and be careful with this pair.
*Hourly indicators and moving averages are giving us buy signal. Keep on mind that these indicators and moving averages doesn't predict future moves and many times can give wrong signal.
*Hourly indicators and moving averages are giving us buy signal. Keep on mind that these indicators and moving averages doesn't predict future moves and many times can give wrong signal.
AUDUSD - We are at potential resistance zone 0.6556 so, I will wait to see how will price react to this zone. If I see penetration then I will wait for retest and buy opportunity. If that doesn't happen and price confirm this zone, then I will look for the opportunities to sell.
*Hourly indicators and moving averages are giving us buy signal. Keep on mind that these indicators and moving averages doesn't predict future moves and many times can give wrong signal.
*Hourly indicators and moving averages are giving us buy signal. Keep on mind that these indicators and moving averages doesn't predict future moves and many times can give wrong signal.
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Forex.Doc by San Shone
XAUUSD/GOLD - Our trendline did act as a resistance as I said, but price failed to make lower low. The direction is not very clear now because of that, but I definitely expect at least minor pullback.
XAUUSD/GOLD - Price did go down as I said last time. The direction is not clear and we have range between 1377 and 1694 zones. I recommend you to wait until price reaches one of these zones and give a sign of confirmation.
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. In this case we have regular bearish divergence.
Forex.Doc by San Shone
GBPJPY - Price penetrated 132 level, retested it and then we got massive bearish candle indicating huge bearish pressure. Look for the opportunities to sell. Next major zone is around 129.2 level.
Conversation that I had with one of my VIP members around 20 hours ago. Exactly what happened :)
The answer is simple. Proper risk management. That means to always use decent risk reward ratio (1:2 and more). By doing that, even with 50% win ratio you will be profitable and its impossible to blow your account. Choose your pairs, set maximum pips that you risk per trade, don't trisk more than 2% of your account per trade, use decent risk reward ratio and you will become much better trader!
Don't forget about my ebook. If you purchase this ebook you will also get:
1. 150+ page ebook after the payment completed (via PayPal)
2. Demo trading platform where you can learn how to trade and test your skills and strategies WITHOUT investing real money and connecting to any broker
3. My 24/7 support and mentorship! Ask me anything anytime and share your setups with me. The best thing about this is that you will have experienced trader by your side.
4. You will be added in my VIP group where I share signals, educational content and analysis every day (for one month).
I decided to keep the price 50 Euros (56.20 USD)!!!
1. 150+ page ebook after the payment completed (via PayPal)
2. Demo trading platform where you can learn how to trade and test your skills and strategies WITHOUT investing real money and connecting to any broker
3. My 24/7 support and mentorship! Ask me anything anytime and share your setups with me. The best thing about this is that you will have experienced trader by your side.
4. You will be added in my VIP group where I share signals, educational content and analysis every day (for one month).
I decided to keep the price 50 Euros (56.20 USD)!!!