Hello! The trend for the EURUSD pair is still upward. Yesterday, the last high of the previous week, located at 1.1142, was broken upwards. I am considering continuation of the upward movement to the resistance level of 1.1400
The recent uptrend started on 10 Apr 2025, European session. Based on your chart, you wouldn't be able to catch this recent trend. You have to determine whether those lines on your chart is helping you or a hindrance. My comment about your trade is similar to my previous comment.
Keep trying and it’s good to test a strategy on a demo account and it’s not good to dive into live trading without trailing on demo account.
Thanks to everyone for the advices, I'm still trying to trade, so I'm late with entries, but I hope that I can predict the entry earlier
Hello everyone! The GBPUSD pair continues to move upward. When analyzing the H1 timeframe, it is clear that the resistance level of 1.3124 was broken upwards and the price consolidated above it. The next target for this bullish trend may be the resistance level of 1.3235.
Hi!The trend for the EURUSD pair is still bullish. At the same time, the technical analysis figure "Pennant" has formed, it's a type of continuation pattern. If this figure is executed, the first target for the upward movement may be the resistance level of 1.1426. If suddenly the price breaks through the lower border of the figure, the target for the downward movement may be the support level of 1.1245.
I trade the Euro futures (EC) and yesterday's volume was the lowest of the last 8 trading days suggesting it is "running out of steam". At least at the moment.
Hi! Yes, I agree, it is "running out of steam". I think about USDJPY pair. The general trend is still downward. At the same time, on the H1 timeframe, you can see how the price previously broke through the support level of 144.00 and consolidated below it, forming a range or flat. Now this support has become resistance, which holds the price quite well. Also on this timeframe, you can see that after the last rebound from this resistance level, the price is gradually decreasing along the local downward trend line on this timeframe. The target for this bearish trend may be the support level of 141.30.