Get started

Descending Channel

GOLD → Ahead is 2430 and strong news. Going up to 2500?FX:XAUUSD overcomes trend resistance, forming a bullrun to the liquidity zone amid positive rumors. The price is testing 2430. Possible correction before the news. Today is a busy news day, high volatility is possible. Ahead of ADP Nonfarm, Chicago PMI and the most important last: Fed Interest Rate Decision and FOMC conference. Nobody is going to cut the rate today, but Powell may give a signal about interest rate reduction in the coming months on the background of slowing labor market growth. Traders evaluated the possible potential positively enough and rushed through 2390 to 2430. Technically, a retest of resistance is formed after quite a long time, liquidity may not let the price up the first time, respectively, a correction is possible before further growth. Resistance levels: 2429, 2452, 2474. Support levels: 2404, 2400 The fundamental and technical background is favorable, if something unpredictable does not happen today, gold may continue its recovery phase. But, pay attention to the news, as they will be published in a cascade and the temporary mood of the market may be volatile.... Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
GBPJPY → Ahead of a rate hike in Japan...FX:GBPJPY intends to continue the current bearish rally. The price temporarily stops at the 197.00 zone for a short respite before falling further. The market is expecting an interest rate hike in Japan... Price breaks the bullish market structure and then confirms the bearish one, indicating a change in the global trend. Volatility is rising in Japanese markets, with the Bank of Japan expected to discuss a rate hike this week and consider a plan to halve government bond purchases. This is a strong scenario for the strengthening of the national currency, traders are reducing the number of short positions this time. Technically, the focus is on the level of 197.2, this zone splits the market into two zones. Accordingly, price consolidation below this level will be the starting point before the rally. Support levels: 195.8, 193.8, 191.8 Resistance levels: 197.2, 198.75 Both fundamentally and technically everything is steamed towards further decline. The actions of the Central Bank of Japan affect the rate quite strongly... Rate, share your opinion and questions, let's discuss what's going on with ★GBPJPY ;) Regards R. Linda!
Short
by RLinda
5
GOLD → Bulls hold the defense. Retest of resistance...FX:XAUUSD is strengthening from 2370 and testing the resistance of the actual local trend. Dollar in range ahead of news... Traders are waiting for Wednesday and the FOMC conference, where they may discuss atcual situation on inflation and monetary policy, as well as Fed Interest Rate Decision, where most likely the interest rate will remain at the same level, but may make a good hint on a soon decline.... Gold on D1 is consolidating above the support line, which generally determines the future prospects for us. Locally, the bulls hold the defense above 2370, forming further growth, within which they break the resistance of the local triangle, but the price is held back by the global descending channel. It is not excluded that the price may test 2377-2370 before further growth, but at the moment the focus is on the nearest resistance zone. Support levels: 2377, 2370 Resistance levels: 2391, 2400 Fundamentally, everything is quite positive for gold. Technically, the price is in consolidation, as traders are not ready to take serious actions early. But, all the attention is on the resistance, if the bulls manage to break 2390 and consolidate above, we will have a good chance to continue the growth. Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
GOLD → Retest resistance before a breakout. What's next?FX:XAUUSD has been strengthening since the opening of the session and is testing the 2400 zone. The market is getting bullish again, but at the same time it is at a strong resistance. The focus is on 2393.0. There is no news today and the overall situation is stable. Gold has no obvious reasons for a possible strong fall. Markets are waiting for the confirmation of the progression of US deflation with the subsequent hints on the soon reduction of interest rates. The fact itself is favorable for gold. Technically, the focus is on the edge of the range 2393. Consolidation of the price above this area may well influence further growth, but it is necessary to follow the descending resistance, because it will be difficult to pass this area from the first time. Resistance levels: 2400, 2430 Support levels: 2393, 2384, 2377 Technically and fundamentally everything is quite positive. We should expect a retest of resistance with subsequent growth, but it is not excluded that before the active recovery phase there may be a retest of support, for example: 2387, 2382 or 2377 Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
ETHEREUM → False breakdown of MA-200 could lead to a BULLRUN ↑ BINANCE:ETHUSD in the correction phase, testing zones of interest (0.5 fibo and MA-200), forming a false breakdown, which in general can lead to a strong upward movement supported by strong fundamentals. Fundamentally, ETH is quite positive. ETH-ETFs were launched on July 23 and continue to gain momentum. The correction, which has been observed for the last two days is mainly due to the outflow from GrayScale (exactly the same scenario was with BTC), also a slight pressure is created by the situation with Mt.Gox, but against the background of BTC transfers to exchanges and their distribution among its debtors, bitcoin is strengthening, such behavior of the flagship indicates support for eth. Technically, the price is forming a correction to 0.5 fibo relative to the bullish momentum as well as a retest of the Daily MA-200, forming a false breakdown with a fairly aggressive buyback, indicating the presence of a strong buyer who is not ready to go down beyond $3000. Resistance levels: 3357, 3540 Support levels: 3200, MA-200 The main task of the bulls is to keep the defense above the zone of interest at $3200. Further it remains to wait for resistance retest with the purpose of its breakthrough and further bull run to $4000 - $4500 - $4900. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD Regards R. Linda!
Long
by RLinda
15
USDJPY → Weak dollar + intervention = bearish trend ↓FX:USDJPY breaks the 157.7 zone after a small consolidation. Powell's comments about more progressive deflation favor the market, the dollar is falling on this background and the end is not seen yet... Fundamentally, the weakening dollar and the ongoing interventions of the Central Bank of Japan have quite a strong impact on the exchange rate, but it is worth being careful. Previously, this market reaction was quickly bought out by traders who still have little faith in the continued strength of the JPY. Technically, if the dollar continues to liquidate, such a strong fall could bring the currency pair down to global lows. There is a strong liquidity zone ahead. Possible activation of orders in the risk zone, which may provoke a pullback before a further fall or a strong impulse, which without a pullback will knock out all market participants and the price will fly downward Resistance levels: 157.18, 157.7 Support levels: 154.5, 151.86 At the moment everything is obvious, fundamental and technical nuances are telling about further decline. We should pay attention to the nearest zone of liquidity and price reaction. Regards R. Linda!
Short
by RLinda
4
XRP → The moment before “to the moon” ↑BINANCE:XRPUSDT is the strongest of the market. As ETH & BTC fall, ripple is holding quite positively as traders are starting to believe in growth amid rumors... Ripple CEO recently said that he expects a legal resolution to the situation between the SEC and Ripple “very soon” Many are speculating that the SEC's closed-door meeting to finalize the case against Ripple could take place today - July 25. Against this backdrop: Trading volumes are rising, price is hitting local highs, whales are accumulating XRP Technically, it is worth paying attention to the 0.6378 - 0.5712 range. If breaking the resistance fails, the price may test liquidity below the support before subsequent growth. Resistance levels: 0.6378, 0.7440 Support levels: 0.5712, 0.5100 If the trial finds its denouement, it will give a second life to the coin. A break of the range resistance - 0.6378 will open a new path.... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSDT ;) Regards R. Linda!
Long
by RLinda
25
GOLD → There's a chance at the Bullrun. PCE ahead...FX:XAUUSD is testing local channel support and forming a rebound from the liquidity zone. Traders are waiting for PCE data. Favorable inflation data may provide strong support for gold. Traders are waiting for the PCE, any hints of lower inflation may be viewed quite positively, which will generally increase the chance of interest rate cut in September. As we know, low interest rates make gold more attractive. Technically, if we pay attention to the D1 chart, gold is testing a conglomeration of strong support: False break of MA-200 + trendline support, as well as bounce from 2350-2355 support level, which means the approximate area of intermediate bottom of the ranyke and forms a global range of 2485 - 2350. But, the fight for 2350 is not over yet. Resistance levels: 2377, 2392 Support levels: 2370, 2350 Let me remind you that news is unpredictable. Favorable data will influence the possible bull run, but unpredictable ones may provoke sales and price decline to 2350. But, at the moment of analysis, technical and fundamental nuances point to a bull market, there is a chance of growth to 2400-2430. Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
GOLD → Profit taking led to the rally. But it's not all bad... GOLD after the retest of 2430 fell under the selloff, there is no pressure on the price of metal, but the reason may be profit taking amid the selloff in stocks and in anticipation of economic data from the United States. Traders are waiting for US GDP and Initial Jobless CLaims, which will be released at 12:30 GMT. The data may have a medium-term impact on the market, but the whole focus is on PCE, which will be released on Friday. Investors expect the Fed to deliver its long-awaited rate cut in September. In a low interest rate environment, gold's appeal increases. If the data on Friday shows that inflation is slowing down, it will be a good sign for gold. Technically, a correction is forming, with emphasis on 2370, or 2350. Strong support areas that can keep the market from falling. Resistance levels: 2377, 2392 Support levels: 2370, 2355, 2350 The price stops in the zone of 2370-2377 in general it can give some prerequisites for a rebound. If gold can consolidate above 2377, the price may move into the recovery phase, if not, traders may test the liquidity in 2355-2350 before further growth. Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
8
EURUSD → Change of mood after a false breakout. $ is rising FX:EURUSD on D1 is trading in a strong and neutral sideways movement. SMAs just lay on the horizontal plane, but on H4-H1 a change of market character is forming on the background of growth of the dollar index Overall, the global neutral trend allows trading without much emphasis on the trend as there is none. The price is moving between the range boundaries, which simplifies the technical analysis. On H4 the market is changing its mood on the background of the dollar index growth, which in general can lead to the retest of the support zones and the liquidity located behind them. At the moment the focus is on the lower boundary of the range 1.08-1.082. A retest is possible in the near term, and the liquidity behind the zone could influence a bullish correction before a subsequent drop. Resistance levels: 1.085 Support levels: 1.0816, 1.08, 1.078 S&P PMI and New Home Sales are published today, it is worth paying attention to the news, as positive news for the US may strengthen the fall of the currency pair, while unpredictable news may affect the market in the opposite way Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
4
USDCHF → A retest of trend resistance. Probable rebound FX:USDCHF strengthened as the Swiss franc went into correction due to the actions of the central bank, which is trying to protect the currency from excessive strengthening. Technically, the dollar is in the phase of correction, which may stop in the near future and the index may go back to the strengthening phase, but against this background the Swiss franc growth looks stronger, as this currency is considered as a hedge asset, which just in the crisis times was used by investors. Technically, as long as the structure of the downtrend is not broken and a false break of resistance is formed, I would consider a bounce from the upper boundary of the channel to the zone of interest at 0.8885. Resistance levels: 0.9010, 0.9050 Support levels: 0.892, 0.885 Bears can hold the resistance of the downtrend. The fundamental backdrop is still the same and in general may be maintained for some time, which may allow us to catch a downward movement to the mentioned target Regards R. Linda!
Short
by RLinda
4
ETHEREUM is forming a bullish head and shouldersChart Patterns and Trendlines 1. Head and Shoulders Pattern (Bearish) - Left Shoulder: Formed around 3,450 USDT. - Head: Reached a peak around 3,550 USDT. - Right Shoulder: Formed around 3,450 USDT again. - The neckline, which was breached, is around 3,300 USDT, indicating a bearish reversal. 2. Inverse Head and Shoulders Pattern (Bullish) - Left Shoulder: Formed around 3,200 USDT. - Head: Reached a low around 3,000 USDT. - Right Shoulder: Forming around the current price level of 3,498.35 USDT. - The neckline for this pattern is around the 3,500 USDT level. If the price breaks above this neckline, it suggests a bullish reversal. 3. Descending Channel - Ethereum was trading within a descending channel, marked by parallel downward-sloping trendlines. - The breakout from this channel around mid-July indicates a reversal of the previous downtrend. Key Support and Resistance Levels 1. Support Levels - 3,248.81 USDT: A key support level marked on the chart, aligning with the breakout point from the descending channel and the potential right shoulder of the inverse head and shoulders pattern. - If the price falls below this level, the next support can be around the previous lows at 3,000 USDT. 2. Resistance Levels - 3,976.07 USDT: The next significant resistance level, which is also a target for the potential inverse head and shoulders pattern. Price Projections 1. Bullish Scenario - If Ethereum holds above the 3,248.81 USDT support level and breaks above the neckline of the inverse head and shoulders pattern (around 3,500 USDT), the projected target is around 3,976.07 USDT. - This target aligns with a previous high and a psychological resistance level. 2. Bearish Scenario - If Ethereum fails to hold the 3,248.81 USDT support, it might retest the lower support of around 3,000 USDT. - A fall below 3,000 USDT could indicate further downside, potentially revisiting the lows around 2,750 USDT. Trading Strategy 1. Long Position - Consider entering around the 3,248.81 USDT support level, with a target of 3,976.07 USDT, especially if the price breaks the neckline around 3,500 USDT. - Set a stop-loss below 3,200 USDT to manage risk. 2. Short Position - If the price fails to hold the 3,248.81 USDT level, consider shorting with a target towards 3,000 USDT and below. - A stop-loss above 3,300 USDT can be set to manage risk. Summary - Ethereum's price action shows the potential formation of a bullish inverse head and shoulders pattern. - Key support and resistance levels at 3,248.81 USDT and 3,976.07 USDT respectively should be closely watched. - Trading strategies should be adaptive to the price movements around these critical levels, with proper risk management in place. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
6
Alikze »» ORDI | Pullback to the broken area.?🔍 Technical analysis: Pullback to the broken area.? - It is moving in a downward channel in the daily and 4H time frames. - In the previous post , price reversal zones were identified, which after hitting PRZ-3, the price reversed and corrected the price up to the set targets. - At present, according to the downward behavior and structure, the price correction can be continued. - Therefore, if this price reversal cannot lead to the failure of the region, this reversal can be a pullback to the broken structure. - So, we expect that the price will face selling pressure in response to the supply, first the price will be corrected to $25 and then the price correction will continue until the green box. 💎 Alternative scenario: if the price can break the supply range and stabilize above it, it can navigate the second movement path and move up to the red box range and the ceiling of the descending channel. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ORDIUSDT
Short
by alikze
Bitcoin Roadmap==>>4-hour Time FrameBitcoin made the corrections I had expected in previous posts . Bitcoin is currently moving in the Support zone($63,410-$62,280) . According to the good news from the crypto market , we should expect an increase in Bitcoin at least until the end of July, when the annual Bitcoin conference is in a few days. According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . If the upper line of the descending channel breaks, we can confirm its end . I expect Bitcoin to rise to at least the Resistance zone($68,000-$66,170) . Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
18
BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFPBINANCE:BTCUSD is experiencing times of high fear and negative sentiment among the crowd. From a psychological point of view, this could end in a bullish momentum. But there is always a but! For now, big buyers are actively holding back a possible fall amid transfers of the previously hacked crypto exchange Mt.Gox to its debtors and BTC sell-offs by German authorities: Germany will get rid of all its BTC in two days. (at the current pace of sales). Yesterday, 16,038 BTC were transferred from the country's government wallet to various crypto exchanges and market makers. Since June 19, 26,071 BTC have been sold. There are only 23,788 BTC left on the wallet In April, the average cost of BTC mining among the largest public miners was $53,000, technically, the level of average cost of BTC mining plays the role of an intermediate bottom. Judging by the growth of volumes and price entry into the area of the lower boundary of the "flag" pattern, buyers appear on the market and at the moment stop the price fall, forming a sideways range of 58500-53500. Accordingly, a breakdown of one of the boundaries may trigger an impulse to one side or the other, based on the technical nuances there is a probability that there will be an attempt to break the resistance. Resistance levels: 58500, 64000 Support levels: 53500, 53000 Fundamentally, the environment is difficult due to Germany and Mt.Gox, but investors are waiting for the approval of ETH-ETF, which may bring back the bullish mood to the market (indirect impact on BTC). Technically, the emphasis is on the range. A break of 58500 will give bullish momentum, a break of 53500 may allow the price to decline to the 50500-51000 risk zone Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
23
PEPE → A condition that will lead to growth. Is the buyer back?BINANCE:PEPEUSDT is undergoing a deep correction phase. The price is resting on the strong support and the "discount" zone appears the buyer, holding the market. The focus on the upper boundary of the range... ! For convenience, I will indicate key zones without zeros. Bulls do not let the price below 0.0761, forming a limit support area, in the neighborhood of which a strong buyer appears, it can be determined by the growth of volumes and the pattern of redemption with the subsequent retest without updating the minimum. At the moment it is not excluded that the coin can continue falling, but based on the general situation there is a chance that PEPE can move into the recovery phase, but provided that the coin can pass the area of 0.0951-0.0991 with the price fixing above this zone, which will generally define an intermediate bottom for the market. Resistance levels: 0.0952, 0.0991, 0.1084 Support levels: 0.0886, 0.0761 Technically, the situation is complicated because of bitcoin, which is consolidating in the discount zone, but in general there are bullish prerequisites. If the guide (BTC) goes up, it may favor altcoins. Rate, share your opinion and questions, let's discuss what's going on with PEPE / USDT ;) Regards R. Linda!
Long
by RLinda
3
BTC: NEXT POSSIBLE MOVE FROM HERE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! BTC is currently trading around $63k level. When BTC is trading around the $57k level, I told you that it would hit the $62k-$63k level soon(see chart below) and it going exactly. Hope you guys followed and earned some money. Now, what's the possible move of BTC from here? As you see in the chart, we have a strong resistance at the $63k-$64.5k level and there is a high chance of rejection from this zone. BTC is forming a descending channel-like structure and break out is done. After rejecting the resistance, it might go for a retest of this channel where we strongly support GETTEX:59K -$60k level lies. So overall I'm bullish only expecting a healthy correction from here that's why I'm trading cautiously until we hit the GETTEX:59K -$60k level and bounce from there. Let's see how things will play out in the next few hours. Will keep updating you. What are your thoughts on BTC's current price action? Share your analysis in the comments below!
Long
by CoreCrypto1
Gold Set for Explosive Breakout! Key Levels & Patterns to Watch!Daily Chart Breakdown Chart Overview: Time Frame: Daily Key Levels: Daily LQZ: 2,450.370 4hr/ LQZ: 2,437.909 1hr TP: 2,419.054 Current Price: 2,410.920 Analysis: Higher Highs (HH) and Higher Lows (HL): The chart indicates a strong uptrend with the formation of higher highs and higher lows. This suggests that the market is in a bullish phase. Flag Pattern: The price action has formed a flag pattern, which is a continuation pattern. The breakout from this pattern could lead to further upward movement. Channels: The price has been moving within an ascending channel, indicating sustained upward momentum. A descending channel breakout in the past led to the current ascending channel, showing a reversal and continuation of the bullish trend. Conclusion: The daily chart shows a strong bullish trend with key levels to watch for potential entries and take-profit targets. The flag pattern and ascending channel support the bullish outlook. 4-Hour Chart Breakdown Chart Overview: Time Frame: 4-Hour Key Levels: Daily LQZ: 2,450.370 4hr/ LQZ: 2,437.909 1hr TP: 2,419.054 Current Price: 2,410.920 Analysis: Flag Pattern: The price action is forming a flag pattern similar to the daily chart. This reinforces the bullish continuation expectation. Channels: Descending Channel: A descending channel was broken, leading to the current ascending channel. Ascending Channels: Multiple ascending channels are observed, indicating strong bullish momentum with higher lows and higher highs. Conclusion: The 4-hour chart aligns with the daily chart, showing strong bullish momentum with clear patterns and channels supporting further upward movement. Watching the key levels mentioned can help identify entry points and targets. 1-Hour Chart Breakdown Chart Overview: Time Frame: 1-Hour Key Levels: Daily LQZ: 2,450.370 4hr/ LQZ: 2,437.909 1hr TP: 2,419.054 Current Price: 2,410.920 Analysis: Flag Pattern: A smaller flag pattern is forming, suggesting a short-term bullish continuation. Channels: Ascending Channel: The price is moving within an ascending channel, showing strong upward momentum. Holding Channels: The price has respected the ascending channels, indicating potential for further upward movement. Conclusion: The 1-hour chart provides a detailed view of the recent price action, confirming the bullish trend seen in higher time frames. The ascending channels and flag pattern suggest continued upward movement with key levels acting as potential targets. Overall Summary The analysis across daily, 4-hour, and 1-hour charts shows a consistent bullish trend with the formation of higher highs and higher lows. Flag patterns and ascending channels indicate strong upward momentum, with key liquidity zones and take-profit targets identified for potential trading opportunities.
OANDA:XAUUSDLong
by Adlercon333
EURUSD → The morning gap is bought out. The bulls are aggressiveFX:EURUSD opens with a gap down, but buyers are actively buying back the move. The nature of the market is bullish, but at the same time consolidation, as there is strong resistance ahead. The fundamental background is favorable, there is no news today. Last week traders took well the fact of unemployment growth, within the framework of which active buying started. Technically, on H4 a bullish distribution is forming towards 1.085, from which, after the initial testing of the liquidity area, a correction may follow. But in general, I expect the continuation of growth (rebound from 1.0816 or breakdown of 1.085). Resistance levels: 1.0852, 1.091, 1.1 Support levels: 1.0816, 1.078 The nature of the market is changing and the bulls are actively holding key areas. The market is bullish and a breakout of the nearest resistance will favor the continuation of growth. Regards R. Linda!
Long
by RLinda
1
EURUSD → The bulls are coming back. Trend change. Target 1.1FX:EURUSD is breaking the downtrend pattern on a smooth change of fundamental background. Traders are selling off the dollar, which is favorable for the euro. A local bullish pattern is forming on D1 on the background of the global downtrend. Strong fundamental background is favorable for the strengthening of the currency pair. On H4, the price is correcting after updating the local maximum and consolidates above the level formed by the gap. Bulls are trying to keep the defense above this area. The key focus is on the breakout of the 1.0816 zone. This will open the way to the zones of interest: liquidity and imbalance. Today is a day off in the US, the fundamentals are still in place, trading may be calm. Resistance levels: 1.0816, 1.0852, 1.0916 Support levels: 1.078, 1.073 I expect the trend to continue, as traders are showing interest in the market. Local ATH may become a potential target for MM Regards R. Linda!
Long
by RLinda
5
Simple Strategies for NZDUSDA complicated trading strategy doesn't guarantee profits. Sometimes, a simple trading strategy works best. Here are two straightforward approaches I have for the NZDUSD trade. Strategy: 1. Retest of Resistance at 0.6096: - Setup: Watch for a retest of the resistance level at 0.6096. - Entry: Enter a short position on confirmation of resistance holding. - Stop-Loss: Place a stop-loss just above the resistance level. - Target: Aim for key support levels below for potential profit. 2. Retest of the Tip of the Bearish Channel: - Setup: Look for a retest at the tip of the bearish channel. - Entry: Enter a short position if the price respects the channel boundary. - Stop-Loss: Place a stop-loss just above the bearish channel. - Target: Aim for the lower boundary of the channel or key support levels below. Key Points: - Simplicity: Simple strategies can be effective and easier to manage. - Risk Management: Ensure proper stop-loss placement to manage risk effectively. - Confirmation: Always wait for confirmation of the levels holding before entering trades. Sometimes, simplicity is the key to effective trading. What’s your take on NZDUSD? Do you have any other straightforward strategies that work for you? Share your thoughts and strategies below!
Short
by RaynLim