EurUsd could drop to 1.05 On Friday’s EurUsd market commentary, I’ve written that the 1.0750-1.0760 zone is strong resistance for the pair and a break above could lead to gains towards 1.0850 and to a change of medium-term downtrend.The pair, …
US Economic Indicators: We know about trends and trend changes, but why a trend changes?The tops and bottoms of the market are determined by the fundamentals, like news releases, while the technicals show us how we get between those two …
I hear many traders talking about gut feeling, especially when referring to very good traders. I hear them saying that you will, at some point, feel what the market will do next. Many explain it as a sixth sense or …
Do you know what’s more important than winning in trading? It is knowing exactly why you actually won. Why? So that you can do it constantly. Needless to say, it is equally important to know why you lost when you lost. The …
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 …