yes with the impulsive downmove and break of 167.5 it is technically now a reversal on the daily. Usually we can expect a corrective upmove after the break and then another impulse down. Imo there is also another possibility that if we get a sharp ...

very risky imo. On lower timeframe we already broke the downtrend and its correcting now. I am expecting a bigger correction if not a reversal to start from here. 169 seems a good target for buys but thats just my opinion ofc.

Market is just in full risk off mode due to the middle east conflict and potentially retaliation of iran. Every safe haven is rallying, even the jpy. The same happened last year with when hamas attacked israel. We might not see any correction in any ...

very high probability we have seen the highs in usdcad this year and it can drop as low as 1.3 before it starts the next bullrun. Also expecting the yen to drop again across the board especially against the nzd. For eu and gu if we slowly correct ...

It is highly likely to go up even more from here. Right now on myfxbook retail sentiment is 92% short and that usually doesnt change without a major catalyst like nfp or after a final blowoff top to squeeze all shorts. Also if you look at the dxy, ...

Thx and yes the most important thing is that the prof firm is trustworthy. I heard of ftmo but there are hundreds of prof firms nowadays which is why I was asking here if there are other decent options as well.

Hey all, I am interested in looking into funded accounts but have no clue where to start. People here seem to be up to date and knowlegdeable about the current prof firm environment. Can some of you recommend a few decent and most of all safe prof ...

I am buying soon as well after we got the 4h engulfing close.It can correct a little bit before we get the next impulse though and I also expect another drop this week so not holding for long term yet.

the chart you posted before on 30 min technically already reversed the uptrend by breaking the last higher low. On top of that we now had a 4h engulfing so again technically we would expect at least one more push lower from here or after a small ...

dollar can push at any time, we got close to my target of 103.5 in the dxy and I am expecting a bigger correction soon. If gu doesnt clear 1.25 here we could drop once more to liquidity levels around 1.235 before heading to 1.26.

this dollar drop to break 104 was almost certainly coming since we had the sharp drop on tuesday. We basically corrected for 3 days and are now looking at the continuation which will most likely has all dollar pairs breaking their cpi highs. I can ...

to me this is just a regular flat in the making, it can extend to 1.235 but I think the dollar is set up for another drop across the board, which would push GU back to the highs. You can see it in other usd pairs. EU made an expanding flat and got ...

I expect gold to rise to 1970 first, either from here or after a small drop. After that it can go either way but imo it is still unknown for now, despite how sure some people are. Just trade one move at a time and wait for price action to tell you ...

When everyone expects an intervention to make free money then its probably not happening until retail traders got squeezed out before. It can easily go much higher to 152-155 but noone knows so in my opinion the best play is to leave it alone. I ...

to me it looks like the dxy has still room to go up and break 106.7/8 again so probably another drop in gu/eu. After a sharp drop like we just had in gu it usually ends with a volatile move before a reversal. I could be wrong ofc.

I recommend myfxbook for retail sentiment, it shows tens of thousands positions compared to just 200 on this site. Retail sentiment is a powerful tool if used correctly. You often have pairs that go up to 95+% of retail traders buying/selling and ...

If anyone cares for the bigger picture in GU but also what might happen in the short term. Last week we had a break of 1.23, which is significant, since it confirmed that the drop from the 1.31 high is now the first impulse of a new structure and ...

breaking highs doesnt mean anything, short sl are fished at this area, it can easily go down now from here

I am a long term user of icmarkets, which is an australian broker and I am quite happy with them. To get around the asic regulations they now offer a global version called icmarkets global which is regulated in seychelles and everything will stay ...

I would expect a monthly correction pretty soon if not today, we are at a confluence point of multiple technicals on the monthly chart that might stop further gains for this pair, at least for now. I still want to see a bigger correction of this ...