OctaFX Official

2023-05-18 10:57:29 #intraday_trading

#XAUUSD is possibly bullish

Opportunity: BUY
Main pattern: Double bottom
Explanation: The blue line represents a long-term trend and displays a bearish movement. The line is stronger than the orange one, which is a short-term trend. The technical pattern suggests a reversal of the long-term trend.
Order type: Market Buy
Risk-reward ratio: 1:1

Entry point: 1977.47
Stop Loss: 1968.83
Take Profit: 1986.11

Trade now

If the link doesn’t work, try a special one for your country:
ID MS PK TR

These trading ideas can only be applied to the intraday trading strategy and remain valid for 24 hours after publication. They are based on historical data and analysis and do not guarantee constant profit. You remain solely responsible for your decisions and the financial risks you take. In case your pending order is not executed within a single trading day, please, do not forget to cancel it. Open / Comment

2023-05-18 09:23:55 #intraday_trading

#GBPJPY seems bearish

Opportunity: SELL
Main pattern: Breakout, Pullback and Continuation
Explanation: The blue line represents a long-term trend and displays a bullish movement. The line is stronger than the orange one, which is a short-term trend. The technical pattern suggests a reversal of the long-term trend.
Order type: Market Sell
Risk-reward ratio: 1:1

Entry point: 171.338
Stop Loss: 171.717
Take Profit: 170.959

Trade now

If the link doesn’t work, try a special one for your country:
ID MS PK TR

These trading ideas can only be applied to the intraday trading strategy and remain valid for 24 hours after publication. They are based on historical data and analysis and do not guarantee constant profit. You remain solely responsible for your decisions and the financial risks you take. In case your pending order is not executed within a single trading day, please, do not forget to cancel it. Open / Comment

2023-05-18 09:02:47 #intraday_trading

#USDJPY is moving downwards

Opportunity: SELL
Main pattern: Triple top
Explanation: The blue line represents a long-term trend and displays a bullish movement. The line is stronger than the orange one, which is a short-term trend. The technical pattern suggests a reversal of the long-term trend.
Order type: Market Sell
Risk-reward ratio: 1:1

Entry point: 137.533
Stop Loss: 137.847
Take Profit: 137.219

Trade now

If the link doesn’t work, try a special one for your country:
ID MS PK TR

These trading ideas can only be applied to the intraday trading strategy and remain valid for 24 hours after publication. They are based on historical data and analysis and do not guarantee constant profit. You remain solely responsible for your decisions and the financial risks you take. In case your pending order is not executed within a single trading day, please, do not forget to cancel it. Open / Comment

2023-05-17 16:28:58 #economic_calendar

These events may affect the market on 18 May.

Visit Market Insights and read daily analytics to stay up-to-date about important events and their influence on your trading.

If the button doesn't work, try a special link for your country:
ID MS PK TR Open / Comment

2023-05-17 15:35:10 #intraday_trading

#XAUUSD is moving downwards

Opportunity: SELL
Main pattern: Breakout, Pullback and Continuation
Explanation: The blue line represents a long-term trend and displays a bearish movement. The line is stronger than the orange one, which is a short-term trend. The technical pattern suggests a continuation of the long-term trend.
Order type: Market Sell
Risk-reward ratio: 1:1

Entry point: 1986.17
Stop Loss: 1994.53
Take Profit: 1977.90

Trade now

If the link doesn’t work, try a special one for your country:
ID MS PK TR

These trading ideas can only be applied to the intraday trading strategy and remain valid for 24 hours after publication. They are based on historical data and analysis and do not guarantee constant profit. You remain solely responsible for your decisions and the financial risks you take. In case your pending order is not executed within a single trading day, please, do not forget to cancel it. Open / Comment

2023-05-17 13:40:00 #market_updates

Gold drops below 2,000 as the Fed starts to sound hawkish

Weak European economic data and the rising U.S. dollar pulled down the euro

If the button doesn't work, try a special link for your country:
ID MS PK TR Open / Comment

2023-05-17 13:30:00 #education #trading_tips #steps_to_start_trading

Step #1: Determine your trading style

You can choose from many trading styles, including scalping, momentum trading, breakout trading, range trading, and news trading. You should choose a style based on your personality, your risk tolerance, and your schedule. The following are some examples of trading styles:

Scalping
In scalping, small profits are made from small changes in price. Scalpers usually hold positions for a few seconds or minutes.

  Momentum trading
The concept of momentum trading is to buy stocks that are moving up and sell stocks that are going down in price. Typically, momentum traders hold positions for a few minutes to a few hours.

News trading
News trading involves buying assets following news events, including earnings reports and product launches. It is common for news traders to hold positions from a few minutes to a few hours. Open / Comment

2023-05-17 12:31:19 #intraday_trading

#EURUSD is oversold

Opportunity: BUY
Main pattern: Oversold
Explanation: The price has deviated substantially from its long-term trend and declined to the strong support level. The technical pattern suggests a possible upwards correction.
Order type: Market Buy
Risk-reward ratio: 1:1

Entry point: 1.08250
Stop Loss: 1.07612
Take Profit: 1.08881

Trade now

If the link doesn’t work, try a special one for your country:
ID MS PK TR

These trading ideas can only be applied to the intraday trading strategy and remain valid for 24 hours after publication. They are based on historical data and analysis and do not guarantee constant profit. You remain solely responsible for your decisions and the financial risks you take. In case your pending order is not executed within a single trading day, please, do not forget to cancel it. Open / Comment

2023-05-17 11:53:22 Find the best entry points for currency pairs in today's technical analysis.

• #USDJPY is in an uptrend
• Bears continue to bring #XAUUSD lower
• #GBPUSD is trading in a flat market

Don't miss out on profitable trading opportunities.

If the link doesn’t work, try a special one for your country:
ID MS PK TR Open / Comment

2023-05-17 11:38:57 #intraday_trading

#XAGUSD seems bearish

Opportunity: SELL
Main pattern: Breakout, Pullback and Continuation
Explanation: The blue line represents a long-term trend and displays a bearish movement. The line is stronger than the orange one, which is a short-term trend. The technical pattern suggests a continuation of the long-term trend.
Order type: Market Sell
Risk-reward ratio: 1:1

Entry point: 23.6524
Stop Loss: 23.8211
Take Profit: 23.4859

Trade now

If the link doesn’t work, try a special one for your country:
ID MS PK TR

These trading ideas can only be applied to the intraday trading strategy and remain valid for 24 hours after publication. They are based on historical data and analysis and do not guarantee constant profit. You remain solely responsible for your decisions and the financial risks you take. In case your pending order is not executed within a single trading day, please, do not forget to cancel it. Open / Comment