DAX has formed an uptrend ascending wedge recently. This is a price action technical pattern that usually leads to a reversal. The only unknown thing is whether DAX will we have another stab higher into the top of wedge 15600 or will it start reversal down from here to test the uptrend wedge line 14650. […]
DAX is this a perfect place for the short trade Read More »
For traders, DXY is the most crucial currency index as it indicates USD strength or weakness and many of the instruments traded depend on that. After it broke below an uptrend line 109 it continued spiraling downside with a strong indication that the top is in place, but… A break below the 104 resistance line
DXY should be on the watch ahead of the NFP Read More »
Traders, there is possibly a new good trade coming your way! It is not XAUUSD it is not NASDAQ it is a USDCAD trade setup! After it has formed a triangle in the past three months, USDCAD has recently broken below this triangle and has retested it with a rejection candle. For us traders, this
Our favorite trade setup on USDCAD Read More »
Traders, there is possibly a new good trade coming your way! It is not XAUUSD it is not NASDAQ it is WTI Oil! WTI has formed a falling wedge within the rising channel in the last six months. The falling wedge is usually considered a bullish technical setup and can lead to a bullish reversal
WTI is preparing for a breakout? Read More »
When you become a funded trader, usually a cloud of insecurity gets on and you ask yourself, can I be profitable for a longer period of time and can I live from trading? The answer to both questions is yes, but trading is a tough job, and your psychology should be proper for this to
Is it possible to be a profitable funded trader? Read More »