A very important resistance for #EurUsd Two days ago I’ve written that EurUsd could be ready to reverse to the upside, but for confirmation, we need a break of 1.0750 zone resistance.The pair took a dive under 1.07 at first, …
GbpUsd could rise 200 pips After reaching my target at the 1.27 zone, GbpUsd started to drop and found support at the horizontal 1.2350 level.The drop is not impulsive and, in my opinion, is just a correction to the overall …
Losses are part of this business. People do not react well to losses. Badly handled losses in trading can trigger bigger losses. Furthermore, these have the dangerous potential of wiping out entire accounts. If you want to make it as a trader …
I see two main reasons which complement each other for the high rate of failure. First and foremost, the media and the industry promote this idea that it’s easy to become a profitable trader and anybody can go it. This …
AudUsd- Traders could play the range For more than 2 months now, AudUsd is stuck in a range between 0.66 and 0.68.Yesterday the pair reached the lower boundary of the range at 0.6603 and has started to reverse.Traders could try …
NzdCad- Large flag could lead to 1k pips gain After it found the bottom at 0.76 back in October ’22, NzdCad has started to rise and with the 0.83 break it also confirmed the reversal to an up trend.The high …
Litecoin- New leg up coming? Litcoin was one of the coins that I really liked recently and, indeed, LtcUsd has had a nice run from 50s November’s low.Now the coin corrected the recent leg up and is trading in a …
I’m bearish EurUsd and also in my yesterday’s comment I draw attention to the high probability of a drop under parity.Indeed, we had this drop and now the pair is hovering around 0.99.Of course, a rebound is possible and probable …
In the past two weeks, I’ve argued that Gold could drop to the 1740 support zone and, indeed, after breaking under the rising wedge’s support and the failure to stay above 1800, XauUsd slid to my highlighted zone. So, now …
In my yesterday’s comment I said that Gold could rise above 1800 and, indeed, the price spiked up. However, bulls were unable to keep the price elevated and the market closed with the price under this important figure.From a technical …