Hi everyone, I’ve noticed that many traders, especially beginners, often enter a trade as soon as the price touches a Support or Resistance level. While this can work sometimes, it often leads to getting caught in "fake-outs." In my experience,...
Technical Analysis of the USD/CAD Pair 1. Chart Description and Content We have the USDCAD pair on a four-hour (H4) timeframe. Weekly Pivot Points: Resistance Levels: Weekly R3 (1.4057), Weekly R2 (1.3966), Weekly R1 (1.3829). Key Pivot Point:...
I like higher timeframe support and resistance levels. I usually enter immediately at levels which confluence with lower timeframes as well. Usually, it is enough to give good profits before it decides to continue in my trade direction or against...
Silver on the Edge: Key Levels in Focus as Momentum Builds Market Influencing Factors Silver is trading in a fairly controlled environment right now, but underneath that calm surface, a lot is going on. The biggest influence remains the US dollar....
On the H4 chart of USD/JPY, price action reflects a well-established bullish trend that has transitioned into a late-stage consolidation/distribution phase near multi-month highs. From mid-February onward, the pair has printed a consistent sequence...
