The EURJPY currency pair is currently exhibiting a bullish trend on the H1 timeframe, and I am considering a buying opportunity at the 161.17 level. To manage risk, I will place a protective stop order at 160.01, ensuring that my potential loss is...
Effective use of trailing stops requires consideration of current market conditions. In volatile markets, traders might opt for a wider trailing distance to avoid being stopped out by normal price fluctuations. Conversely, in more stable markets, a...
On the H4 time frame chart, the NZDUSD trading activity seems to be in the range zone; however, I saw erratic movement in the final candle, which is a significant bearish pin bar. We cannot take the chance of selling it based on this candle because...
After the h1 support broke at 0. 6292, the audusd dropped to 0. 6270. However, since yesterday, the audusd has started to rise again, reaching up to 0. 6305. It's noticeable that despite the upward move, the candle has not surpassed the nearest...
USD/CAD Technical Analysis and Forecast Market Overview The USD/CAD market has seen significant price movements today. The market hit a daily low of 1.43644 before recovering. After the reversal, USD/CAD rose to 1.44833, indicating the strength of...
