Patterns are recurring sets of images, events, objects, forms, etc. When events or situations keep coming up, eventually you will recognize them as a pattern. Of course patterns can be either supportive or destructive to your performance. Patterns that occur in your thinking or behavior can also be referred to as programs. Programming happens throughout your life, but some of the most substantive
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I can’t think of anyone who would not like to have a fun time full of raucous laughter; and that goes for traders. In fact, having fun is normally an objective for most individuals. It is a reason why people work so hard; that is, to have some time where they can relax without care and interact with family, friends or even strangers.
USDJPY: The pair triggered a recovery higher on Monday and followed through on Tuesday leaving risk further higher. On the downside, support comes in at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 111.50 level. On the upside, resistance resides at
GOLD: The commodity continues to retain its upside pressure but with caution. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,190.00 level.
I often have mentioned that when you are aiming to master your mental game it is important to support your ability to focus on “what matters most” in the trade. As we look at this statement, let’s consider the components of “what matters most” in the trade. Of course, high up on this list would be your ability to identify the order flow.
USDJPY: The pair weakened on Thursday leaving risk of more decline to occur in the days ahead. On the downside, support comes in at the 112.50 level where a break if seen will aim at the 112.00 level. A cut through here will turn focus to the 111.50 level and possibly lower towards the 111.00 level. On the upside, resistance resides at the
USDCHF: The pair continues to look for more weakness on loss of upside pressure. On the downside, support lies at the 1.0000 level. A turn below here will open the door for more weakness towards the 0.9950 level and then the 0.9900 level. On the upside, resistance resides at the 1.0100 level where a break will clear the way for more strength to
EURUSD: With the pair closing further lower on Tuesday, more decline is envisaged in the days ahead. On the upside, resistance comes in at 1.0550 level with a cut through here opening the door for more upside towards the 1.0500 level. Further up, resistance lies at the 1.0450 level where a break will expose the 1.0400 level. Conversely, support lies at the 1.0600