Technical My Tips
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نمایش بیشتر3 260
مشترکین
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آرشیو پست ها
3 260
GBPJPY, 30-minute timeframe chart
GBPJPY retested the resistance level of 191.450
👉Level explanation
GBPJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 191.450.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 191.400.
Set your stop loss at 191.800 above the previous high ($2.75 loss for 0.01 lot) and take profit at 191.000 ($2.75 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
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Average Directional Index (ADX) is a technical indicator that measures the strength of a trend. It tells you when the market is gaining strength or, conversely, weakening.
How does ADX work?
Values from 0 to 20 indicate a weak trend or no trend at all.
20-40-moderately strong trend.
40-60-strong trend.
60 and above - very strong trend.
The higher the ADX value, the stronger the trend!
How to use ADX in trading:
✔Signal filtering: Use ADX to filter out false signals. If ADX is below 20, buy or sell signals may be unreliable.
✔ Trend confirmation: When ADX is above 20-25, it may signal that the trend is gaining strength, and traders can consider opening trades.
✔ Strategy optimization: ADX can help you improve your trading strategies by adding a filter to determine the strength of the trend.
▲ Use ADX in combination with other indicators like Moving Averages or RSI to get more accurate trading signals.
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3 260
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In trading, starting small is a smart move. With ExpertOption, you can get started with just $10. Make trades for as little as $1 on over 100 assets, including stocks, commodities, and forex pairs.
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3 260
USDCAD, 30-minute timeframe chart
USDCAD retested the resistance level of 1.34750
👉General outlook
USDCAD has been under selling pressure within the last couple of hours. The pair moved up to the resistance level of 1.34750.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.34622.
Set your stop loss at 1.34833 above the previous high ($1.57 loss for 0.01 lot) and take profit at 1.34411 ($1.57 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
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3 260
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3 260
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3 260
Bitcoin remains the standout performer, leading the global assets race. Gold is holding strong, doing better than the Nifty 50, while Crude Oil faces a tough year, trailing behind its peers.
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3 260
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