This is another execution by a student. The analysis is flawless but strong market momentum may have stopped this trade out. There was a bearish candlestick pattern in the hourly chart that was apparent in the second attempt on the resistance line. A valid but unfortunate short.
Read more →Posting in terraseedsgooglegroups by Swee Beng. In the 15 min and 60 min charts, Swee Beng has pointed out the excellent setups that were available. It is also an excellent illustration of charts in different timeframes yielding different results to their users. Traders need to bear in
Read more →Snapshot of four-hourly chart of USDJPY. USDJPY is currently at a critical price level with confluence of multiple supports. a) Horizontal price support zone; b) Lower channel support of the down sloping equidistant channel (white line on the chart) c) Lower channel support of the up sloping
Read more →Confluence of resistance levels for the AUDUSD
Read more →We are going to evaluate if the current wave is a bull reversal or bear rally. Plan your strategies from what you have learnt in PTA.
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