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EURUSD 4 Hours Technical Chart Projection.
The 4 hours did show a good rejection from our broken structure which may give more confirmation for price to push higher. We can tell that market has found a new low and about making a new higher highs which may break our yesterday's high @1.08650.
Let's see how it goes guys
TECHNICAL ANALYSIS
When performing technical analysis, traders needs to identify the trend (uptrend or downtrend) thereafter, mark the important major levels which are the Lower Highs and Lows. Trade in line with the trend until market break any upper structure in the downtrend.
GOOD MORNING TRADERS!
It’s yet another day filled with possibilities and opportunities to be great men and women of substance.
Let’s be strategic, be purposeful, be focused and most importantly, Let’s live a life of purpose👌
WISHING YOU A LOVELY DAY AHEAD 🙏🏼
TRADING IS 90% PSYCHOLOGY.
1) Fear kills your trading system.
2) Greed kills your risk management.
3) Impatience kills your emotion control.
Your mindset is your most important trading asset.
BUYING & SELLING OF CURRENCIES ON THE GLOBAL MARKET
Currency are paired because, for an exchange process to be completed you need to pair two Currency together, for example you walk up to a bank to buy USD ($) the bank will not hand over the money to you just like that, they will ask you what Currency do you want to exchange it with (This could be GBP, AUD or any pair)
That way you've paired two currencies together. And each currencies has an exchange rate and they're divided into two categories.
1. Base Currency &
2. Quote Currency.
The first Currency is always the Base currency while the second currency is the Quote currency.
EUR/USD
(EUR is the Base currency)
(USD is the Quote currency)
LIFE OF A TRADER.
After doing some analysis, the lightning should drop more further as it has broken a structure 😂
Dnt give up... DNT stop trying... believe me.. one day you will rewrite the story..
Everything you have lost will be doubled ..
It's just a matter of time...
BE A TRADER, NOT A GAMBLER.
Because you want to make a ton of money and be able to buy anything you wish?
While this is a perfectly valid reason, it will most likely lead to excessive greed and ultimately lead to your trading account’s destruction.
Greed is the worst motivation for trading. The market will always punish greed and will reward moderation.
One of the ways to eliminate greed is to have a realistic expectation in the market, don't come into the forex market with the expectation to double your account within 1 week or few days (That is not a consistent approach to trading) if you're lucky to achieve 100% gain today dosen't mean it's possible next.
HAPPY NEW TRADING WEEK GUYS AND HAPPY SUNDAY
Trust you all had a wonderful weekend with your loved ones ❤
Wishing you a fantastic week ahead, my fellow traders! I hope you stay happy and healthy and achieve great things.
Love you all ❤️
TIPS FOR TRADE MANAGEMENT
You need to have a game plan in place BEFORE you even consider getting in the trade.
That game plan tells you how you will manage this trade, whether it goes for you or against you.
Entering a trade is the easy part, it’s exiting a trade where you’ll determine whether you make or lose money.
