NASDAQ FOREX ANALYSIS
Catch my thoughts for the new week.
remember trading is risky so make sure you use proper risk management.
from TradingView Ideas https://ift.tt/2U6M1xY
via gqrds
Catch my thoughts for the new week.
remember trading is risky so make sure you use proper risk management.
Hi,
I'm new to forex trading and trading in general and need some advice since I'm never sure if my way of analysis is good enough. I'm thinking of shorting based on the head and shoulders pattern and the lower lows and lower highs that show a change of the uptrend in the 45 min time frame. I have a far way to go to become a profitable trader and I'd be grateful for any advice.
Thanks in advance :)
#USDCHF Analysis in H4 timeframe.
The market will be going for a bullish move reason behind this move are
1) Previously market has formed a bull flag and made a bullish impulse up to falling resistance.
2) After touching the falling resistance market fell and formed a correction.
3) In the correction zone we observe a double bottom so there was a bullish impulse.
4) Same as the previous market has again formed a bull flag and will go for buy up to falling resistance.
If you like our idea do show support by like and follow. It will be much appreciated if you share your opinion about the analysis in the comment section.
Malty Time Frame Technical Analysis & Forecast