Analysis for Newbies

Discussion in 'For novice traders' started by Predator_, Aug 24, 2020.

  1. Predator_

    Predator_ Member

    USDCHF
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    On this chart, we expect a possible momentum to the upper side towards the upper trendline.
     
  2. Predator_

    Predator_ Member

    GBPUSD
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    On ths British pound chart, buy a bounce from the supportive trendline towards the upper trendline.
     
  3. Predator_

    Predator_ Member

    EURUSD
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    Just as the British pound, EURUSD is showing signs of giving us a good buy around the supportive trendline towards 1.19550.
     
  4. Predator_

    Predator_ Member

    [​IMG]
    This chart is bearish, look for long term sell positions towards 103.385.
     
  5. Predator_

    Predator_ Member

    AUDCHF
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    This is consolidations, we are waiting for a breakout above the upper rend line to pick a buy or a break below the red box to pick a sell position.
     
  6. Predator_

    Predator_ Member

    AUDCAD
    [​IMG]

    On this chart, we have a very good sell set up.While the price remains below the previous week's opening price, we are looking for long term sell positions
     
  7. broforex

    broforex Member

    The most important step in using technical analysis for forex trading is knowing market conditions. For this, you can't just open a chart and guess "wow, it's going to go up". Guesses like that are the way people gamble, not trade. In order to find out about market conditions too, traders can compare price movements on the chart on several timeframes. The goal is to ensure that open positions will not be crushed by movements on different timeframes.
     
  8. Predator_

    Predator_ Member

    I thought you could give me more of the analysis we are having above, is these analysis not good enough for you mate? thank you
     
  9. Predator_

    Predator_ Member

    USDMXN
    [​IMG]

    A major resistance is seen around 21.91-21.8760. While the price is held above this zone,we are looking for long term buy position
     
  10. Predator_

    Predator_ Member

    GBPUSD
    [​IMG]

    This is still very much bullish. While the price remains above the upper resistance level, I ex[ect further momentum to the upperside.
     
  11. Predator_

    Predator_ Member

    EURUSD
    [​IMG]

    On this chart,we are looking for long term buy positions towards the upper trendline and may breakout much higher.
     
  12. Predator_

    Predator_ Member

    GBPUSD
    [​IMG]

    This is a good breakout and as long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside.
     
  13. Predator_

    Predator_ Member

    USDJPY
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    On this chart, look for long term sell positions towards the lower trendline.
     
  14. Predator_

    Predator_ Member

    AUDCAD
    [​IMG]

    On this chart, we are waiting for a bounce from the upper trendline to look for sell positions towards the lower trendline.
     
  15. Tengkorakfx

    Tengkorakfx Active Member

    It's a bit difficult to see the chart since the pictures cannot be opened. It would be useful if you provide the links to those images
     
  16. liafatlouie

    liafatlouie Member

    I'm waiting for a detailed explanation because as a beginner it is difficult to read market charts.
    Thanks for sharing in this thread.
     
  17. broforex

    broforex Member

    I think he used breakout strategy + trendline, this strategy is simple and good. Trader using it to know the next trend. But always remember to use your stop loss and take profit.
     

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