Price action trading using 100 day SMA

Perfect price action trade setup using 100 day SMA

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The perfect way to trade the 100 day SMA in forex  Everyone wants to become a profitable trader in the forex market but very few of them can actually achieve success in the long run. The novice traders always search for the perfect trading system in the market and end up by losing a huge Read More

Technical analysis

EURJPY hitting trendline resistance level | 27th April 2017

Posted on Posted in Technical Analysis

EURJPY technical analysis: Short entry triggered | 27th April 2017 First critical Resistance: 122.06 (Trend line resistance) Second critical Resistance: 124.07 (High of 14th December 2016) First critical Support: 117.80 Second Critical Support: 114.85 Overall Sentiment: Bearish ∇ The EURJPY pair formed a nice bearish pin bar after hitting the bearish trend line resistance level Read More

USDJPY hitting channel support

USDJPY bounce off from channel support level | 23rd April 2017

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USDJPY technical analysis: Possible bullish move | 23rd April 2017 First critical Resistance: 110.06 Second critical Resistance: 112.20 (Channel resistance) First critical Support: 108.10 Second Critical Support: 107.40 Overall Sentiment: Bullish Δ The USD JPY pair sharply fallen in the descending channel support zone and after hitting the critical channel support level at 108.10 the pair Read More

How to trade with price action candlestick pattern

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We could definitely say that the price action is the core concept of foreign exchange market i.e. Forex.  But not only Forex all the other financial businesses’ key factor is the price. The price has the ability to decide the market movements easily and simply. Though for the traders it can be hard and complicated Read More