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Forex trading chart reading

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forex trading chart reading

Currency pair - USD. CAD Chart timeframe - Daily Area of interest - 1. I am currently long on this pair. The Japanese Yen and English Pound context is very complicated at the moment geo-political situationbut most likely both currencies could give us some trading opportunities in short term. On monthly chart, the trend is bearishalthough we do not see a real momentum, it is very interesting to follow this consolidation below resistance Y. I will be updating this pair as we progress to give a clearer insight into what i'm watching. Trading pair - GBP. JPY White Chart timeframe - 1hr Area of interest - JPY Blue Chart timeframe - 1hr Area of interest - Retest back into a fresh demand zonepossible retracement, long opportunity. The two previous correctives fabricated a breakout, expecting this one to do so as well. Enter on lower time frame, and look for confirmation. Execute on your own due AUDUSD has 3 harmonic pattern that meet our channel ABC strategy for bear market. Waiting for short signal should be coming soon. Fresh supply zone ahead, possible retracement, short opportunity. These pairs all going to pull backwhich one is your favorite? The correction is a bullish flag, buy the dip will have nice rewards in mid term. Looks forex we might get a long trade opportunity on GBPJPY in the up coming days. WE can see that the 4 hr chart has broken out of the resistance trend line, and made a new high. If the price action can pullback and form a higher low, it would be a nice risk: Wait for a nice rejection, confirming the Coming to some year long resistance lines and a recent lower chart on price action leads me to believe we are looking at a possible reversal. Meanwhile am taking a position to SHORT recent highs. Hey traders, Trading the AUDNZD we can see a big bullish move, followed by a shallow retracement that is taking quite some time now. This is an indication that it is likely to see more bullish movement the next few days. Hey traders, On the EURNZD we can see that we are getting closer and closer to the gap that formed a few weeks ago after the trading. What usually happens is that these gaps turn into a great support area. Combined with the I was watching this pair since too long and I also posted the chart of this pair to buy from the bottom which we did pretty good. Now its time for a short term trade to sell EURUSD now. Private Messages Chat Ideas Published Followers Following Priority Support. Short Term From 15 minutes to hourly. Medium Term From hourly to daily. Long Term Daily and higher intervals. Forex is short for Foreign Exchange and refers to a decentralized market that spans the globe and is considered the most liquid worldwide. Exchange rates fluctuate continuously due to ever changing market forces of supply and demand. Forex traders buy a currency pair if they think the exchange rate will rise and sell it if they think the opposite will happen. Unlike the Stock market, the Forex market never sleeps and remains open around the world for 24 hours per day and 5 days a week. Before the Internet revolution only large players such as banks, hedge funds and extremely wealthy individuals could participate. Now retail traders can buy, sell and speculate on currencies from the comfort of their homes with a mouse click through online chart accounts. There are many currency pairs that can be traded and an average reading broker has about One of our most popular chats is the public Forex chat where traders talk in real-time reading where the Forex market is going. GBP British Pound EUR Euro AUD Australian Dollar CHF Swiss Franc USD Reading Dollar NZD New Zealand Dollar JPY Japanese Yen CAD Canadian Dollar. Dollar Index US Dollar Currency Index. SignalSwiss TOP GBPJPYM, Short. Tradewonk EURNZD, Long. FUNTRADER-Vera PRO AUDUSD, Short. Tradewonk AUDJPYD, Short. Bonavest Forex NZDUSD60, Short. Daniel-Malik EURUSD, Short. TAS GBPUSDforex, Short. GBPUSD i'm liking this triangle at resistance. Blog House Rules Moderators People Chat Chat History Press Referral Program Advertise. Stocks Forex Futures Indices Bitcoin Elliott Waves Harmonic Patterns Technical Analysis. From the creators of MultiCharts. Select market data provided by ICE Data services. Ideas Scripts Chart United States. Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out Go PRO Go PRO day Free Chart Join For Free Go PRO Early. forex trading chart reading

2 thoughts on “Forex trading chart reading”

  1. allbep says:

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  2. KilleR says:

    So, the guidance value multiplied by super built up area is the total amount in sale deed.

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