₦airaland Forum

djwalata:
Bought already. I wish myself a good luck.

I think you should have been more patient with that trade altest two key resistance for the PA to beat And you should have waited for a price action signal to form and also the price action should be respectful of those level...
AND LOOKING AT THE CHART ITS A SHORT TERM DOWNTREND WITH PRICE REJECTING THE 82.500 and 81.83 level. And price also below the 81.83 level... U should have waited for a price action signal to like pinbar or inside bar etc to form under that 81.83 level and sell with the trend instead of the counter trend trade
MY OWN OPINION THOUGH
ANYTHING CAN HAPPEN IN FOREX AND I KNOW YOU HAVE YOUR OWN REASONS AND PLANS TO ENTER THE TRADE
But any way Good luck TO U

djwalata:
1.1070/80 is difficult for eurusd to climb though I'm still long and my SL is 1.1040 on a daily tf.
This morning's news on EUR will b a huge factor.

That resistance is as hard as Olumo Rock.. Am thinking the price may close below it today form an InsideBar or any signal any day else and it will be a strong point for a sell.
And that fundamental might not even come to play....

PRINCIPLES OF THE DAY BY
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**ALL TIME WAT**
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djwalata:
u r right . I'm still bullish bias based on yesterday's price action which was bullish pin bar, though didn't close well above d intended level. a close below 1.1045 will negate my bullish suggestion.

I should have also initiated a long position if that pinbar had closed above that level and the general PriceAction context matches my criterias, which will also make the pinbar to have the momentum of the trend behind it, unfortunately it fails to do just that. But if the pinbar should fail and subsequent PriceAction closes below that level. , it means the price may continue downwards and meaning the price only just retraced to that level

CHART SETUP IDEAS AND ANALYIS: EURUSD REJECTING KEY LEVEL
N.B** This is for educational purposes only and all analysis based on D1 timeframe.
Trend: Bullish (short term)
Relevant Key Levels: 1.1076 & 1.1177 Resistance and 1.1005, 1.0958 & 1.0907 Support.
After a short-term uptrend the EURUSD is rejecting a key level 1.10760. A breakout above it may continue the "bulls party" and a closure below can trigger a downtrend which is also a continuation of the existing long-term downtrend back to the 1.1005 level and or further. Wait for Key PriceAction signals, Should A position is to be initiated in any direction .
Choose Wisely.........

meshpips:
You missed out the Euro Monetary Policy Meeting.

That's True.
And that is around 2:30 Pm
Thanks

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Annie001:
Yes

Babypips.com
And some other good sites you can find on Google

Annie001:
Who has a link for beginners
At least what I can read to know the process
Please

Trading?

Hello Fellow Trader, Good Day, How Are You All, Hope The Trades Are Going Well. I May be new posting but not new on the thread . I trade D1 and PriceAction.
I will be posting Trading SetUps and Entry and Also contribute my own opinions when required.
Happy pipping.