Forex-trading
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DKKUSD 1D Tf
DKKUSD has made a double and now is expected to breakdown from the lower support trendline,
However there is a great divergence below thus a long entry can be taken aswell if a clear reversal is seen,
Keep SL previous resistance with TGT at the previous consolidation zone!
Possible Pips-0.007
RR-4.5
📚 Leveraged & Margin Trading Guide + Examples ⚖️
Leveraged trading allows even small retail traders to make money trading different financial markets.
With a borrowed capital from your broker, you can empower your trading positions.
The broker gives you a multiplier x10, x50, x100 (or other) referring to the number of times your trading positions are enhanced.
Brokers offer leverage at a cost based on the amount of borrowed funds you’re using and they charge you per each day that you maintain a leveraged position open.
For example, let's take EURUSD pair.
Let's buy Euro against the Dollar with the hope that the exchange rate will rise.
Buying that on spot with 1.195 ask price and selling that on 1.23 price we can make a profit by selling the same amount of EURUSD back to the broker.
With x50 leverage, our return will be 50 times scaled.
With the leverage, we can benefit even on small price fluctuations not having a huge margin.
❗️Remember that leverage will also multiply the potential downside risk in case if the trade does not play out.
In case of a bearish continuation on EURUSD , the leveraged loss will be paid from our margin to the broker.
For that reason, it is so important to set a stop loss and calculate the risks before the trading position is opened.
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USDCHF: Key Level & Potential Short 🇺🇸🇨🇭
Hey traders,
USDCHF is approaching a strong daily resistance level.
On hourly time frame, the price formed a triple top formation.
To catch a pullback from the underlined structure, wait for 0.921 horizontal neckline breakout (1H candle close below).
Then sell aggressively or on a retest.
Your goals will be:
0.917
0.914
In case of a new higher high higher close formation on hourly, setup will be invalid.
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XAUUSD, weekly analysis, Oct 12-16Gold against Dollar, have been seeing the bullish trend right from the 1st of October, reason could be weakening US Dollar , strong fundamentals have contributing the bulls of this pair particularly US Elections also joins, Last week the sudden rise of Gold is expected to go Long for at least next few days in the coming week.. may be till 15-Oct till at the price of 1965 - 1970 area,
Price action analysis is posting for education purposes..