VasilyTrader

2023-05-14 23:31:22 #USDJPY: Swing Long Explained

USDJPY is trading in a bullish trend.
After the price set a new higher high on a daily, the pair retraced to a rising trend line.

Testing that, the market formed a double bottom formation and broke its neckline then.

Bulls will most likely keep pushing the pair.
Next resistance - 137.39
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Watch How I Lost 5000$ This Week


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2023-05-14 14:01:36 Open / Comment

2023-05-14 03:15:18 Here is the list educational articles to read for you this weekend

4 TYPES OF TRADE CONFIRMATION

Learn What is Confirmation Bias | Trading Psychology

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2023-05-13 14:00:02 I lost THOUSANDS in just one week! My Epic Trading Journey

WATCH NOW ON YOUTUBE:

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2023-05-12 22:31:15 That was a quite harsh trading week.
The market was extremely active, and we saw a lot of valid and false breaks among the forex majors.

I am finishing this week in loss. Even though I caught some winners, losing trades outperformed the losing ones this time.

Let me know how did you finish this week!
Like if you are in profit and dislike if you feel like me.

Have a great weekend! Open / Comment

2023-05-12 17:14:52 CRUDE OIL (#WTI) Bearish Pattern Explained

WTI Crude Oil has recently reached a key horizontal resistance.
Testing that, the price formed a head and shoulders pattern.

Its neckline was broken yesterday.
The price is currently retesting that.

I believe that selling volumes are currently accumulating.
Probabilities are high that we will see a bearish move soon.

Goals will be: 69.87 / 68.11
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2023-05-12 15:24:52 #AUDCHF: Time to Fall

AUDCHF is trading in a bearish trend.
After the price set a new lower low, it started a correctional movement.

The pair reached a major falling trend line this week.
The market was stuck on that for a couple of days and formed a horizontal range on 4H.
Its support was broken yesterday.

It will most likely trigger a bearish trend continuation.
Goals will be 0.5935 / 0.588
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2023-05-12 12:24:05 #GBPUSD: Scalping Setup

GBPUSD is testing a major rising trend line on a daily.
The pair formed an inverted head & shoulders pattern on 30m time frame.

I believe that we can expect a pullback soon.
Goals: 1.2547 / 1.2564
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2023-05-12 11:10:13 #EURGBP: Bearish Wave is Coming

After the yesterday's pullback, EURGBP reached a wide horizontal zone of supply.
0.873 - 0.8765 is the area from where the next bearish move will most likely initiate.

The next goal for the sellers will be 0.866

Because the underlined area is quite wide, look for an intraday confirmation before you sell.
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2023-05-12 03:11:01 Trading Setup #Update

Instrument: #GBPCAD
Posting date: 28.03

2 targets reached!

Classic pullback from key level! Open / Comment