Many traders want to know why they are struggling, what they can do to improve and what it takes to become successful. A lot of the time the answer can be found in a trading journal.
See daily chart of AUDNZD below for the discussion that follows.
See chart of GBPCAD below for the discussion that follows.
See chart of AUDCAD below for the discussion that follows.
EURAUD is approaching a support area shown in the chart below.
Can you still remember why you started trading? Was it because you wanted to quit your job, because it sounded like the ultimate side hustle, the potential freedom it offers, or whatever benefits come with having lots and lots of money?
This past week we’ve seen big and fast moves across many forex currency pairs. This also caused many important daily support and resistance levels to be broken.
Categories
The Rectangle Pattern
In this post I’m covering the rectangle, another popular chart pattern used in technical analysis. The rectangle (also known as a trading range or box) can be a continuation or a reversal chart pattern as you will see shortly.
One of the charts I’m looking at for this coming week is that of NZDJPY. Refer to the chart below for the following discussion.
In this week’s post I’m focussing on GBPUSD. This post is more of an exercise for those interested in trading support and resistance.