According to my analysis H1 is chopping in a well-defined range after three failed attempts to break higher, and this is where risk management and trading discipline stop you from buying the top or selling the bottom of a balanced market. Price is...
NZD/USD Daily Chart Analysis The New Zealand dollar fell slightly against the US dollar during US trading but recovered to around 0.5880, helped by a weaker US dollar. The recovery reflects a short-term shift in investor sentiment. The dollar,...
Great topic. Support and Resistance levels really are the foundation of price action trading. While many beginners get distracted by complex indicators, the most successful setups usually revolve around these key areas. I use these zones primarily...
This is XAUUSD on M3, last price 4751.57 at 02:52. We just had a sharp selloff after a choppy distribution top. Here’s the breakdown: *1. Trend Moving Averages* - *Yellow MA*: Fast MA, ∼4756.59 and pointing down. Price closed below it on the last 2...
Support and resistance are two of the most important concepts in Forex trading. They help traders understand where price is likely to pause, reverse, or continue its movement. Support is a price level where demand becomes strong enough to stop the...
