forex trading this is forex analsyis don't trade on this. this is a chart of forex trading i am beginer so don't trading on this tips
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Forex EUR vs USD AnalysisThe Pair is currently trading inside a triangle and a channel also There is Trading Zone and it is trading inside The NO Trading Zone and another point is that it is simply trading below the Fib Retracement i.e. Highest Point OF 6 Jan 2022 IST and Lowest Point of 6 Jan 2022 IST
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FOREX NOT FALLING IN TRAP (EURO/USD)As we all know Forex is the largest and most popular financial market in the world, which means it is extremely liquid and frequently sees a daily turnover of trillions of dollars. But at the end in trading it's all a ZERO SUM GAME if someone makes money on one side then someone loses money on the other side.
So it's very important for us to be on the right path to survive in these markets and make money consistently which is also not an easy task. So the best-proven way one can stay profitable is to trade in the trends direction as we all might have heard before TREND IS OUR FRIEND.
So be on the bigger trend path and look for the correct trades. Here I am sharing an analysis on EURO/USD in which I have shown you the direction of the trend and given a plan how you can trade it and even if you want to go against the trend or might feel like the trend is reversing right now then where you should be looking the price to be and how you can trade it when the trend reverse. I have shared my analysis on charts go and watch it out.
Don't chase before the price wait for the price to come near your zones as earlier a wise man once said '' PLAN THE TRADE AND TRADE THE PLAN "
Hope you enjoy and learn something new from it👍
- Pranesh Sahoo
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EURUSD FUTURE UPDATE FROM FOREX AWARENESS EURUSD IS TRADING NOW PRICE @ 1.1600 .THE PREVIOUS UPDATE AS PER DATE 29/08/2018 DAILY CANDLE WAS CREATED INVERSE HEAD&SHOULDER PATTERN .SO ,THE MARKET WAS MOVED UPTO PRICE .1.1700 .THEN THE MARKET WAS RETURN FROM 1.1700 TO 1.1600 AS PER DOUBLE TOP(PREVIOUS MAJOR RESISTANCE ZONE).
AS FOR MARKET WE CAN EXPECT HERE AFTER MARKET WILL BE BUY .THE MARKET WILL BE POSSIBLE TO MOVE UPTO 1.1800.IF BREAK BELOW 1.1500 MEANS IT WILL COME MORE DOWN UPTO 1.1300.
ORDER1-BUY @ CURRENT PRICE 1.1600 TARGET @1.1800 STOPLOSS @ 1.1500
IF BREAK STOPLOSS MEANS
ORDER2-SELL STOP @ 1.1500 TARGET @1.1300
