Technical parameters| (18th-22nd) February 2019
Possible entry point with critical support and resistance level. But when you trade this level make sure that you are using price action confirmation signal. We have prepared these key support and resistance level based on the Fibonacci retracement levels,100&200 SMA, key swings point and chart patterns formed in the higher time frame. Focus on GBPUSD technical analysis.
Look for selling opportunity near the critical resistance.
First critical Resistance: click here (https://forextradingforyou.com/technical-analysis-on-all-major-pairs-18th-february-2019)
Second critical Resistance: 1.181111
First critical Support: click here (https://forextradingforyou.com/technical-analysis-on-all-major-pairs-18th-february-2019)
Second Critical Support: 1.12201
Overall Sentiment: Slightly bearish
For GBPUSD, AUDUSD, NZUSD, and GBPJPY analysis
All the technical parameters are applicable from 18th February to 22nd February 2019. The overall sentiment indicates the prevailing trend of the market. We highly recommend you to trade in favor of the market sentiment (overall sentiment) to reduce the risk exposure in trading. Trade the critical support and resistance level with price action confirmation signal. If you want to get the technical chart analysis along with logical explanations, feel free to contact us.
We provide high-quality Forex trading signals, trading consultancy, and price action trading course. Please feel free to contact us for any query. A simple 5-minute conversation with our expert will change your trading career.
While finding good trade entries, there are some ideas that can be used in a trading system. The methods and tips discussed in this article are universally applicable to any timeframe and to any market.
Position means you only accept trades at or near the base price. Such position points are usually supported and resistance, supply/demand, moving average, Fibonacci dimension or swing high/low.
In the long term, only what happens in the price scale can only have a huge impact on your trading because it often increases the quality of the signal and helps you increase your performance.
2) Combination of high timing
You do not need to align the two random time frames to find good signals. In most cases, it is very confusing and traders spend a lot of time trying to apply multi-timeframe analysis.
The point of view is a complete disregard. Most traders zoom in on one period of time and then their charts are completely incorrect. Below you will find a list of many traders who will follow it. It looks like the price is lower and on the right side of the screen, at a support level, ready to bounce higher. Try for zoom out, scale charts differently, try different zoom levels and you will understand your charts in a much different way.
3) Know the market status
It is essential for a trader to know that
(1) Under which market conditions your trading method performs best and
(2) Pick the markets that are in such a phase.
Right now, you have to catch screenshots of 10 great trades, find similarities and write down trade market conditions and then improve your market selection process.
4) Signal size
Long-term chart patterns which consist of multiple candles usually have much more predictive value than single candlestick signals. Look for long-term patterns that can easily include 30-50 candlesticks at a time such as head and shoulder example. Those long-term patterns provide a better context and they can tell you a whole story about what's happening between buyers and sellers, and how the powers are transferred between the two parties. Premium Forex course of ForexTradingForYou is the Perfect solutions for the forex traders.
5) Combination Reasons
Trading decisions based on more candles are usually more effective, trading with more relevant factors can improve your trading quality.
If you have a trading journal - and a trader should trade without a good journal - the number of collected numbers can affect the accuracy of your signals and your overall win rate.
Of course, the types of collected elements can vary in a trading system, but the underlying concept works for all types of traders.
Do you remember the time when you started trading only and your mind was open to all possibilities and you believed that you can achieve something!
Everything was exciting and new. You learned how to value charts, what the different patterns mean, how to use the indicators, and how to combine the charting principles to find the best trade. There was no limit to what you could achieve and when trading in the first profitable business Easily keep an eye on your life and new businessmen often get in touch with trading Fall.
It's a beginner's mind and it's a great place to work from it because you're not aware of restrictions, open to everything you do, you go ahead with enthusiasm and trading with excitement and enthusiasm. It's like being a kid again, where you carry curiosity and exposure every day.
In this context, the question is: How can we develop the mind of education more? How can we be easily motivated to enjoy trading and to push ourselves in the wrong times?
We can gain experience in the initial stage of skill development, we learn to learn and we accept new ideas that can often be transferred to trading. The great thing is that it is all trading loops back.
Keep yourself there
So, if you feel that you are stuck now, go outside and find something that is always interested in you, you never took the time - poking excuses.
Try something new as soon as possible and challenge yourself regularly to get out of your comfort zone.
It was never easy in today's world. And if you join many online courses (Forextradingforyou.com, Masterclass.com, Coursera.org or Udemy), do not count your excuses. Premium Forex course of ForexTradingForYou is the Perfect solutions for the forex traders.
In these trading class, peoples are encouraged to try new things and some of these courses present new 30-day challenges outside of trading to encourage them to go out of their comfort zone.
Technical parameters | (12th – 16th ) February
Possible entry point with critical support and resistance level.But when you trade this level make sure that you are using price action confirmation signal.We have prepared these key support and resistance level based on the Fibonacci retracement levels,100&200 SMA, key swings point and chart patterns formed in the higher time frame. Focus on NZDUSD technical analysis
Testing critical high on the daily chart.
First critical Resistance: click here
Second critical Resistance: 1.28854
First critical Support: click here
Second Critical Support: 1.19118
Overall Sentiment: Slightly bearish
For GBPUSD, AUDUSD, NZDUSD and USDCAD analysis
All the technical parameters are applicable from 12th February to 16th February 2018.The overall sentiment indicates the prevailing trend of the market.We highly recommend you to trade in favor of the market sentiment (overall sentiment ) to reduce the risk exposure in trading.Trade the critical support and resistance level with price action confirmation signal.If you want to get the technical chart analysis along with logical explanations, feel free to contact us.
We provide high-quality Forex trading signals, trading consultancy, and price action trading course.Please feel free to contact us for any query. A simple 5-minute conversation with our expert will change your trading career.
We publish regular technical analysis on all the major pairs in every Monday. Please visit our site www.forextradingforyou.com to get details about our technical analysis. To get details about our video technical analysis along with live trade setup visit YouTube Channel. Please subscribe our channel to stay updated with every single technical analysis.