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  1. skrimon

    EURAUD: Short Signal with Entry/SL/TP

    EURAUD - Classic bearish setup - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell EURAUD Entry Point - 1.63469 Stop Loss - 1.64113 Take Profit - 1.62510 Our Risk - 1% Please provide feedback below, and our team will review them.
  2. skrimon

    5 Tips For Managing Losing Trades (It Happens To Everyone)

    Losing trades happen. They contribute to the voyage. There is no such thing as a consistently successful trader or investor. All of the well-known investors and traders you are familiar with have incurred significant LOSSES throughout their careers. It is completely typical. Did you know that in...
  3. skrimon

    usdcad 8h swing trade setup best level to buy/hold

    Hello traders, let's review the 8 hour chart for USDCAD today. Currently trading in well defined range, since October 2022. Right now closing in on range lows, so naturally, the risk/reward is shifting in bulls favor towards premium prices. Active trading range is pretty wide, almost 500 pips...
  4. skrimon

    EUR/USD Expected to Break 1.10 Before US Nonfarm Payrolls

    Based on the analysis of economists, it is expected that the EUR/USD currency pair will reach the 1.10 level before the release of the US Nonfarm Payrolls data. However, some experts suggest that there may be a pause before this anticipated jump, and the pair may find some support around...
  5. skrimon

    BITCOIN PRICE PREDICTION

    With all these incorrect maps floating around, I decided it was time to create a long-term chart. I believe that the logarithmic chart's right fit is a square root function, which indicates that the development is slowing over very long timescales. BTC can't just keep expanding rapidly. In...
  6. skrimon

    Enough Confluence For A Long Position?

    My mentor, and I have a totally different bias on AU. I heard him out, and watched as he charted both sides. His main confluence was a bearish engulfing candlestick on the monthly chart. Pushing him toward "sells" only in the month of April. While that can be intimidating, on the technical side...
  7. skrimon

    Case Study on Managing Emotions and Making Rational Decisions

    Forex trading can be a highly stressful and emotional activity, with traders constantly facing the pressure of making quick decisions based on market volatility. The ability to manage emotions and make rational decisions is crucial for success in this field. In this case study, we will explore...
  8. skrimon

    Exploring the Role of Technical Analysis in Successful Forex Trading: A Case Study

    Forex trading is an exciting and complex activity that involves the buying and selling of currencies in order to make a profit. Technical analysis is an essential tool for successful forex traders, as it allows them to use past price movements and trends to make informed decisions about future...
  9. skrimon

    The Impact of Fundamental Analysis on Forex Trading Strategies: A Case Study

    Fundamental analysis is one of the primary methods used in forex trading to evaluate a currency's intrinsic value by examining economic, financial, and other qualitative and quantitative factors. This case study aims to analyze the impact of fundamental analysis on forex trading strategies...
  10. skrimon

    Event-Driven Approach to Forex Trading: A Case Study in Maximizing Profits

    In the world of foreign exchange trading, there are endless opportunities to make a profit. However, success in this industry requires more than just luck - it requires knowledge, skill, and a deep understanding of the market. Today, I want to share with you a case study that highlights the...
  11. skrimon

    GBPUSD TRADE IDEA / DAY TRADE

    According to the confirmation that will take place, this trade suggestion for the GBPUSD Day Trade Trade is to Buy in the Order Block Area TF5M Near Sell Side Liquidity (SSLQ) of the Asian session with a range of 1.22674 to 1.22614. -This exchange is for news on Event UK Retail Sales. -Risk...
  12. skrimon

    RISING WEDGE (TARGET FOR PREVIOUS WAVE ANALYSIS IS STILL VALID)

    We finally have a structure to short from but the safest option will be to wait for after BoE. I haven't sill entered any position yet. I am waiting for BoE as I know there is plenty of pips to grab if this bearish flag plays out. See previous wave analysis below. If you enjoy my analysis or...
  13. skrimon

    What are the risks of forex trading?

    Forex trading is a type of investment that involves the buying and selling of currencies on the foreign exchange market. While there is potential for high profits in forex trading, there are also significant risks involved that traders need to be aware of. One of the main risks of forex trading...
  14. skrimon

    What is leverage in forex trading, and how does it work?

    Leverage in forex trading refers to the ability to control a large amount of currency with a small amount of investment capital. Essentially, it means that traders can borrow funds from their broker to open larger positions than their capital would allow. For example, if a trader has $1,000 in...
  15. skrimon

    How do you read a forex chart?

    Forex charts are an essential tool for traders to make informed decisions and execute profitable trades. Reading forex charts might seem overwhelming to novice traders, but it becomes easier with practice and familiarity with the various charting tools and techniques. Forex charts represent...
  16. skrimon

    What are the major currency pairs in forex trading?

    In forex trading, currencies are traded in pairs. The major currency pairs are the most commonly traded pairs in the forex market, and they represent the world's largest economies. The major currency pairs consist of seven pairs: EUR/USD (Euro/U.S. Dollar) The EUR/USD pair is the most traded...
  17. skrimon

    EURO - Price can make correction to support level and start grow

    Hi guys, this is my overview for EURUSD , feel free to check it and write your feedback in comments Recently price bounced from $1.0660 level to $1.0800 and started trades inside of wedge . Inside of wedge Euro declined to $1.0530 level, left wedge , and started moving up in rising channel ...
  18. skrimon

    What is forex trading, and how does it work? 1.00 star(s) 1 Vote

    Forex trading, also known as foreign exchange trading, is the process of buying and selling currencies with the aim of making a profit. The forex market is the largest financial market in the world, with over $5 trillion traded on a daily basis. It operates 24 hours a day, five days a week, and...
  19. skrimon

    Pattern Trading | Cup & Handle Pattern Strategy

    A cup and handle pattern occurs when the underlying asset forms a chart that resembles a cup in the shape of a U, and a handle represented by a slight downward trend after the cup. The shape is formed when there’s a price wave down, which is then followed by a stabilization period, followed...
  20. skrimon

    EURUSD: Detailed Technical Outlook For Next Week

    EURUSD is currently consolidating within a horizontal range. Its resistance was reached on Friday. Watch how nicely the price was rejected from that, It looks like the pair may drop lower. Goal - 1.062 ❤️Please, support my work with like, thank you!❤️
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