Being a Forex trader, one must understand the significance of the appropriate time to trade. The kind of returns one gets largely depends on the time they choose to make a trade. That is, you should trade when the market is as favorable and predictable as possible so that you can use suitable trading strategies for fetching favorable results. As a trader, you must be skeptical about questions like, is 1.1800 area ready for opening a short position or should you wait for 1.1900? Knowing when not to trade is equally important as knowing which area to enter a position in. Let’s take the EURUSD pair as an example. Suppose the pair is forming a perfect bearish pin bar at resistance, but if this trend happens right before an ECB rate decision, this is a wrong time to start a trade. We can say that the signal’s location was correct, but the timing was not favorable. To get an insight about the best and worst times to trade, read the factors listed below: 1. Trading Before or After the News Breaks A stagnant market is every trader’s worst nightmare. We need the market to be in a constant […]
Last wednesday, the canadian dollar remain unchanged. Presently, the pair USDCAD trading at 1.3147, up 0.06% on the day. On the report release end, there is no event related to canadian or U.S. The U.S market closed for 4th of july so, the price range kept unchanged. Today, the spot light was already set for upcoming releases from U.S like ADP non-farm payrolls, unemployment claims, Final service PMI and FOMC minutes of the july policy meeting. The FOMC minutes could be a market mover, as a investor look for upcoming rate hikes. Canadian government continues to expand the manufacturing sector. In june canadian manufacturing PMI improved to 57.1 this was the highest since the survey started in 2010. The numbers are in impressive scale and given the deadlocked NAFTA and recent tariff split between canada and the united states. Even canada yet to release the key employment numbers on friday, a strong number could seal the rate hike and boost the canadian dollar. For FED the june hike marked the second in 2018, the impressive performance Of the U.S economy makes strong case for four hikes. Mr.Trump president of U.S slapping the tariffs on major US trading partners. SYNOPSIS: US […]
NZDUSD marked an engulfing pattern on a 4 hr time scale, one of the best technique to determine a trade is break out point. In the chart, at 0.70367 the candles formed an impulse and brought the price range in sideways. After the change in pattern formation, the signals traveled in trend as a baseline (shown in the graph). Whenever the candles contacted the trend line, the price range felt down (shown in the graph). Presently, the market printing candles at 0.67692 Due to the Outer bar formation, the signals have enough potential to break down the trend line. By its record after the breakout, the signals will fly like sound sonic. In case anything else happens, end the trade at previous support point 0.67437 it won’t be a loss for you. Eyes on the chart, follow the move and decide our trade. SIGNAL SPECIFICATION: Pair: NZDUSD Order: BUY Entry: 0.67692 Take profit:0.68252 Stop loss:0.67437 Risk Vs Reward: 2.2 Our Unique Features: 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to […]
The XAUUSD 0.41% is one of the most traded pair in the forex market. In a 4hr time-scale, candles formed an impulse at 1300.654 and turned the trend to down. (shown in the graph) After the impulse, the signal tends a solid descending channel correction (shown in the graph) At 1254.154, the chart printed a potential impulse and broke the channel trend. (shown in the graph) Currently, the market printing candles at 1257.752. From this price action, there is a chance for two probabilities. The signal may print an impulse for a direct projection to the top. (shown in the graph) Or else it will form a small correction and an impulse to top. (shown in the graph) In case the signal keep moving as a correction to the down means, end the trade at 1246.567 EYES ON CHART AND DECIDE YOUR TRADE. SIGNAL SPECIFICATION: Pair: XAUUSD 0.41% Order: BUY Entry: 1257.752 Take profit:1277.875 Stop loss: 1246.567 Risk Vs Reward: 1.8 Our Unique Features: 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward […]
The USDCAD pair rallying to balance the supply-demand and creating a brand new weekly downtrend. In weekly time frame, the chart printing signals at 1.31870. At 1.46916, candles formed an impulse and saved the trend from upward. And the signal forms a correction to stabilize the trend. (shown in the graph) After the correction formation, (1.32049) signal broke the trend with an impulse. (shown in the graph) By the broke out impulse, the signal hoisting a flag correction and printing the current price action. (shown in the graph) With the above facts, I’m expecting an impulse to pull the trend down from the current price action. Due to the flag correction, the candles may form an impulse and correction. If impulse and correction mean, your take profit should be 1.21864 with 3.29% R/R ratio. But the candles will form the structure like a thunderbolt. The price range will move to the down and retrieve to the top as correction and again back to down. In case the price range moving to the resistance means, end the trade at 1.34908. EYES ON CHART AND DECIDE YOUR TRADE. SIGNAL SPECIFICATION: Pair: USDCAD Order: SELL Entry: 1.31870 Take profit: 1.21864 Stop […]
Hello Dinesh Kumar, Thanks for your kind words. In front of your love, I’m mute and don’t have any word to express how it feels to me! “Nobody can go back and start a new beginning, but anyone can start today and make a new conclusion.” Learn the art of Forex from masters. FOREX TRADING / FOREX TRAINING / FOREX ACCOUNT OPENING CONTACT US Mail : [email protected] Skype : qmanager.live Phone : 0091 9600329983 and 0091 9487929983 Whatsup: +91-9600329983 and viber: +91-9600329983 Instagram: https://www.instagram.com/forextamil/ Facebook : www.facebook.com/forextamil4u Twitter: https://twitter.com/forextamil Telegram.: https://t.me/joinchat/AAAAAE1NL_LTgtLrGlmbIQ Pinterest: https://in.pinterest.com/forextamil/ Youtube : www.youtube.com/user/senthamizharasuvta Tradingview: https://www.tradingview.com/u/forextamil/ website: www.tradingwithtamil.com and www.forextamil.com Broker: www.ttsmarkets.com Good Luck…!!
The EURUSD Pair moving in a possible resistance throwback zone. In the chart, after a fall for euro in last week the pair been in a downtrend for a while. At 1.15195, the market formed an impulse in order to save the pair from down. That impulse reversed the trend from down. Besides, after the huge fall for euro, the market moved constantly in sideways (consolidation) to overcome the fall. The movement in consolidation stabilizing the pair from more down. In an hour time frame, the chart printing the signals at 1.16391 By the facts, I’m expecting an impulse to reach the top. Due to the consolidation factor, the signal may hit a target as an impulse at 1.17194 Or else end the trade at next low point at 1.15965 HAPPY TRADING. SIGNAL SPECIFICATION: Pair: EURUSD Order: BUY Entry:1.16391 Take profit: 1.17194 Stop loss:1.15965 Risk Vs Reward:1.88 ———————————————————————- Our Unique Features: 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward […]
In the chart, signals nicely jump off from the support and entering into a possible pullback area But the price is not creating a trend reversal. In a day time-frame, at 0.78523 the market got a pullback and reversed the trend to down. After the pullback, it forms an impulse to keep the reversal process in a constant form. Back to back impulse formation tends the flag formation as a correction (shown on the graph). At present, chart printing the signals at 0.74853. Henceforth, we have a probability for the pullback. By the continues impulse formation, the pullback point may differ. I am expecting a sharp impulse towards the top and it will break down and fall. By its record, the fall may up-to 0.72967 Or In case the signal continued as an impulse means, end our trade at 0.76478. SIGNAL SPECIFICATION: Pair: CADCHF Order: SELL Pending Entry 1:0.75327 Pending Entry 2:0.75698 Take profit: 0.72967 Stop loss: 0.76478 Risk Vs Reward: 2.05 ———————————————————————- Our Unique Features: 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward […]
This week we will investigate the recent G7 summit, along with the developments around the global trade and possible effects on the market. Subsequently, you’ll know how to benefit from this new world order. Our Main focuses are: The condition of the west What a worldwide exchange war implies Previously, pioneers of the West have introduced an assembled front on worldwide issues. Moreover, the US has dependably been fundamental to restricting similar nations together. The collusion between the US, Canada and Europe appeared to be unbreakable. Sharp merchants will have seen an aftermath from the ongoing G7 summit in Canada. As reported by Axios, the gathering was defaced by an open aftermath between US President Trump and Canadian prime minister Justin Trudeau. These taxes are intended to complete a certain something: secure the American steel industry. In any case, these all-inclusive levies will affect the Canadian automobile industry. After vitality trades, auto vehicles are Canada’s greatest fare. Additionally, roughly 130,000 Canadians work in the car business. NEW WORLD ORDER. This summit has additionally featured the incapability of other G7 pioneers. Plainly, any semblance of President Macron, Chancellor Merkel and Head administrator Theresa May have little impact over the US president. […]
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