Trading

Forex technical Analysis

2 min read

US 30 Analysis

According to today’s forex technical analysis, the US 30 is currently in a bearish trend on H4. This is after it broke the previous POI marked in an orange shade, and a new POI is now marked on the chart.

If you’re looking to sell, it’s best to wait for the market to go back to the POI so you can get sell signals there. Once you receive a sell signal, it’s recommended to set the stop loss at 34409.8, with Take profit 1 and Take profit 2 at 33210.6 and 32863.0, respectively.

However, it’s important to remember that in forex trading, there’s always a risk of loss. To minimize risk, it’s crucial to follow good risk management practices, such as not risking more than 1% of your equity in forex trading.

By following these guidelines, you can reduce your risk exposure and maximize your potential for profit. Happy trading!

GBPJPY Trend

Today’s forex technical analysis shows that the GBPJPY is currently on a weak bullish trend on H4, following a break of the support level. While we had been waiting to see what the market would do, for now, we cannot take any trade.

However, if the current candle closes below the previous candle with a sell body, it will confirm a shift to a bearish trend. In this case, we will have to shift our POI from below and draw the new sell POI above. Then, we’ll wait for the market to retest the POI and give us a sell signal.

It’s important to note that in forex trading, there’s always a risk of loss. To minimize risk, it’s crucial to follow good risk management practices, such as not risking more than 1% of your equity.

By following these guidelines and learning how to identify potential shifts in the market, you can reduce your risk exposure and maximize your potential for profit. Happy trading!


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