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*). Consolidation Phase:The price has been consolidating for some time, indicating a period of market indecision. During this phase, the price is likely to oscillate within a defined range without a clear trend direction. *). Breakout with Momentum:Recently, the price broke out of a horizontal structure with a substantial momentum candle on the 4-hour (4H)...

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*). Overall Strong Bullish Trend The market is exhibiting a strong bullish trend. This indicates that over a period of time, the price has been consistently making higher highs and higher lows, reflecting sustained buying pressure and market optimism. *). 0.60409 Acting as a Strong Support Level The price level of 0.60409 is currently functioning as a robust...

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Potential Drop Towards Support Level of 1.08360. The EUR/USD currency pair is exhibiting signs of a potential decline towards the support level at 1.08360. This level has been identified as a significant support area based on historical price action and technical indicators. A few factors to consider: *). Technical Indicators: Moving averages, RSI, and MACD may...

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I am pleased to inform you that the price has successfully reached the take profit level we had set. This achievement reflects our well-executed strategy and market analysis. Moving forward, let's review the performance and strategize our next steps to ensure continued success. 👏👏👏

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Intraday Bullish: *. Trend Line Break:The price has broken and is trading above a previously declining trend line. This indicates a potential shift from a bearish to a bullish trend. *. Horizontal Structure Break:On the 1-hour (1H) timeframe, the price has also broken and closed above a significant horizontal resistance level. This further confirms the bullish...

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As a beginner in forex trading, there are three main basic factors you should focus on learning: 1). Understanding the Forex Market: *). Currency Pairs: Learn about major, minor, and exotic currency pairs. Understand how currencies are quoted and the significance of the base and quote currencies. *). Market Hours: Familiarize yourself with the forex market...

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Bearish Bias: 1). Horizontal Structure Break: Price action on the 4-hour timeframe has breached and closed below a significant horizontal structure, indicating a potential shift in market sentiment and the emergence of bearish momentum. 2). Falling Trend Line: A downtrend is evident as indicated by the presence of a descending trend line, further supporting the...

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1). Consolidation Breakout: Waiting for a period of consolidation to end before considering a trade. This implies looking for a period of price stability or range-bound movement before a breakout occurs. 2). Breakout Confirmation: I have been monitoring price movements on a 4-hour timeframe and observing if the price breaks and closes below a horizontal...

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Price Successfully reached Take profit on XAUUSD. Congratulations 👏👏👏👏

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Long position above (1.07100): The price pushed up towards the 1.08560 supply area as I anticipated. 👏👏👏

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Applying risk management in forex trading is crucial for long-term success. Here are some key steps: 1. **Define Risk Tolerance:** Determine how much you're willing to risk on each trade. This is typically a percentage of your trading capital. 2. **Set Stop Losses:** Place stop-loss orders to limit potential losses on each trade. These orders automatically close...

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On the XAUUSD 1-hour timeframe: Support area: 2332.00 Resistance area (take profit): 2380.00

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Congratulations! Our take profit level of 0.98115 has been reached. Great job sticking to the plan! 👏👏

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Intraday Bearish: Breakout of 1.79120 Support turned Resistance: A significant shift has occurred in the market dynamics as the former support level at 1.79120 has now transitioned into a resistance level. This suggests a notable change in sentiment and potentially a reversal in the prevailing trend. 1H (Coch) with Momentum Candlestick: The 1-hour (Coch)...

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EURNZD Analysis: Support Level: Anticipating a pullback to the area around the 1.76800 support level, suggesting a potential buying opportunity. Confirmation: Look for confirmation on a lower timeframe, such as a bounce or a reversal pattern, to validate the buying hypothesis. Keep a close eye on price action for potential entry points and risk management.

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Intraday Bearish: 1-Hour Pullback: The 1-hour chart shows a temporary reversal or retracement against the prevailing trend. 15-Minute Bearish Engulfing Candlestick: A bearish engulfing candlestick pattern on the 15-minute chart signifies a strong shift in momentum from bullish to bearish. 5-Minute Double Top: The appearance of a double top pattern on the 5-minute...

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Bullish Bias: In analyzing the current market conditions, note the significant levels of support at 2314.150 and resistance at 2417.900. These levels have proven to be crucial in determining price movements in recent sessions. We may consider these levels when making our trading decisions, as a break above resistance or below support could signal potential shifts...

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Intraday Bullish: On the 4H timeframe the price is creating HH & HL. Long position above (1.07100) target 🎯 (1.08560)