Time for monthly updates.

Take a Look at the Update USD/CHF Chart

Extended Accumulation and Reference Points

Hi, Traders I am here updating Usd/chf as the first monthly update on the basis of previous month trading activity. I have seen previous month extended accumulation and risk of reversal is minimal but even if it is reverse than we should look to go long around 0.8853 area but as We have seen the test could be successful of 0.9138 area(As After testing the area on Friday Price is holding that area) and if I am right price will start rising with aggressive volumes coming in the pair again.

Those who wait for ECB meeting on Thursday can delay this setup or look around 0.8853 area which should hold when offer so much protection earlier but it all depends on type of activity if price reverses from here.

If you scan all the previous months activity then to start with we have we neutral months which make the breakout and after those reference points price went in range after rejection from upper boundary of the rectangle as I mentioned in while line.

Price rejection from upper and then from lower boundary confirms the setup but stil more aggressiveness should be here to make this set up successful.

This type of setups are quite rare

Exactly, when someone look for setups then One must look for this type of setups which offers low risk and maximum reward opportunity and that could be the one which could really start a new trend from here on and that would be the strongest of the trend what we have seen, And a rejection from here will let you add more around 0.8850 area , But that's not the way I trade but that's how position traders use to enter.

Update of Eur/cad chart Shift in value test and Rise

Take a Look at the Update Eur/cad Chart

Check My previous post here

As I mentioned in my previous chart that rise is eur/cad is on the cards as it happens when in strong trend value again shift with momentum and price tested the area and more aggression was shown.

Forex trading is all about opportunities and when you are provided with one You should be looking for reward and when price tested the broken high or low then when it shows aggression, It makes sure that there could be more to come and that is what really give you time to calculate your risk (Its almost impossible to calculate your risks in trading)

Opportunities are multiple but less optimistic

That's so true, there is no point in looking at historical chart and keep forcing yourself of an entry when it does not exist at all, It should be a part of our "Forex Strategies" plan that what are our strengths and what type of market we prefer rather than try to trade every opportunity available, selective approach always pays.

Price did not find any support from different timeframes

Hi traders, Now I am about to discuss few points about when "Price did not find any support from different timeframes" in recent strong move bounce from the low. In forex trading it is necessary to watch logic and remain conscious is the next thing to do. We might see strong trend up or down but relavant information is not necessary in forex trading to enter or exit

Different Forex Strategies points to different price behaviour

Different Forex Strategies tells us that what candles and indicators are doing with current Strong or rangebound trading.

But when You see immediate bounce when there is new low or new high that reverse the price, then it is known as No support show from other timeframes and the bounce might countinue lift price specially if there is shift in value immediately.

Recently I have supported such activity in Eur/cad Chart

Following the explanation of above mentioned comments, I am posting a recent updated chart of eur/cad when we spot such activity and there could lot more to come ahead of Canadian GDP data which is due to release today, So If you are good enough to spot another low risk entry then this chart can fetch some good profits.

Forex Trading For Beginners Education Price Action Supply and demand

Forex Trading For Beginners Education Price Action Supply and demand