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Hi everyone,

USDJPY is facing support level at 81.925. This is a key level for this pair, I believe.
We have double top formation and broken trendline so I expect downward movement. Falling below...

USDJPY 1H chart

I believe there is great trading setup on this pair. We have strong trendline- broken and already retested. Price couldn't make higher high (we have double top). I think there will...

EURGBP 4H chart

Very interesting situation. Just look at the chart:
We have head and shoulders pattern- neckline (green) is still holding the price below this resistance.
Now we have also a...

EURGBP 4h chart

Situation still not clear. Breakout and retest not confirmed but if bearish candle appears I will open short. There is also H&S pattern so it might be high probability setup. Just...

USDCAD 4H chart

We can see down trend line and a nice setup in the end. We have support level (green line)- which became resistance now. If there will be bounce we should see downward movement.

Key level for this pair will be red uptrend line. We should have an answer on Monday. If bounce we might see upward movement till 1.35 next week. If breakout- downward movement expected till 1.2975

You should work on money managment. This is definitely the most important thing in forex trading and you should read about it. Your risk/reward ratio is 2:1 so it is bad rr ratio. I hope you won this...

EURUSD 1 H chart

We can see medium term trend. Price couldn't make new higher high. We have double top formation now. I wouldn't say it is trendline breakout- I 'm waiting for closing 4H candle...

Not very often, but sometimes i have different problem- I 'm closing position with profit too soon. I still can't find a perfect measure target rule. When I see chart pattern- there is no problem but...

I wouldn't say that manual trading is a strategy but for sure it is better then using EA. trading robots work based on computer program so it can't be profitable because trading requires adapting to...

Hi guys, how do you exactly spot resistance/support levels? is it swing high/low?

For me the best resistance and support levels are lines with at least two bounces. What about You?
thanks for...

I follow few pairs- expaecially the most popular ones like eurusd gbpusd usdchf. The strategies- as well. I use price action technic which includes breakouts, retest and bounces. This is very...

Honestly, I use trend line all the time- but only for bounces. Resistance and Support Levels- for breakout. I don't know why but I find it the most accurate. This is great technic which allows trader...

I don't know if scalping is the best. I know that good scalping is the hardest strategy. There are many setups but the market is not stabile on lower timeframes so good analyse is not easy.
I'm...

You have to do what every newbie should in the beginning. First of all Knowledge- read ebook- as much as you can. Get familiar to the basics. Second of all- Practise. Practise on demo till you will...

I would call it adventages of forex market. For me the biggest adventage is leverage and ability to trade via internet. It makes forex market available for everyone. That is why we can be part of the...

Great trading method. I use as well. Bounces and breakouts are the power of this market. This strategy is called Trend following because trend lines are diagonal resistance/ support levels.
If you...

I 'm waiting for candlestick formation. If it appears I will open long position with target at daily down trend line. We have good chance to buy because resistance became support as we can see at the...

EURUSD 4h chart

We may have a trading setup. We can see strong Resistance level (red line). The last candle broke it (but be careful- this candle hasn't closed yet). If breaking the resistance...

AUDUSD 15 min chart

There is a chance here. Simple analyse based on a price action. AudUsd within the channel- open buy / sell after breakout.

SL- above/ below band of the channel.
TP-...