THE only Pattern

audusd is getting interesting closing in on the d1 support.

Bullish or bearish?

May have topped out at 1.7700 otherwise 1.7750 IMHO

EURAUD

Possible reversal - strong resistance level

There's your classic "M pattern" I would think?

Timing this ... i would watch dow/dax/market's once they start recovering.. follow that up and watch, time gold for entry .. on a rally to give a good price.. find a setup with 10/15/20 stop loss and based on recent moves .. target a swing move of 100-250 point's ..

so from an intra day position to swing for excellent R.R

Is it an M? yes, the best M no but daily it occuring arround the right level's

a good resistance in w1

tp uj

Well that answers that question!

Of course the news messes up everything

and that's why you need to watch all the factor's mentioned above..

Today was very volatile........fear is heightened to the top.......and those days are the most profitable for the calm trader.........

trying for a sell xauusd

careful of bulls from 1239-40.......although the high of 2 months is a good level

ea ez at d1 resistance

" M " daily chart S&P although last week you might see it as "W"..........In my opinion they are just imagination of the trader mind to find a reason for his trade.........what counts is the trend.........M and W are every where in the chart in every time frame.......those are just a range............every pattern without proper conditions in the market is going to fail......

short UJ from 112.7x

hmmmmmmn....... what will the year end holdiay season brings? even beauties have 6 packs.

forex is simple buy low sell high, but not easy. or is it that simple?
if there is one advice that i would give to novice beginners is to observe only or trade very small amount for a period say 6 - 12 months. what too long? you will be thankful for the minimal loss as lessons learnt. don't believe? i had crossed that bridge many times years ago. and this is basic.
just observe when price is at d1 h4 OP zones with m1 naked chart like here https://www.forexfactory.com/showthr...6#post11771836
many of us would have enter a trade on the 2nd touch of the resistance. are you willing to wait for that long to enter a trade?
that separate the noviced and the experienced.
just watching and waiting for the trails, the footsteps left behind by price - higher low and a good candle at the resistance.
and i tell you entry is the easy part, the harder one will be exit. by exit i mean both take profit and take loss.
and this is repeated over and over again.

gbp breaking down

yes, i think GU wants to see the 1.2700 again.

uj tp buy. now sell.