The currency market, though digital, is one of the few places where one could make a lot of money simply by trading currencies on a leveraged account. But to achieve that, the trader needs to be always aware of the possible future moves of the price to any of the pairs it is trading. In addition to attaining qualities like patience and self-control. The future is uncertain but a dogmatic approach to trading while making use of the technical tools will increase our chances of successful trading.
The purpose of this thread is to share my projections and analyses of the EURUSD and GBPUSD pairs and possibly add any other pair I might be interested in at a particular moment of time. I am in the shoes of many traders here and on alike platforms and I aim to gradually gain knowledge and experience. I am open to civilized conversations, will accept alternative opinions and analyses, and will read attentively any criticism.
GBPUSD UPDATE: The price reached the upper limit of what was a descending triangle on H4. It might reverse from this moment on and have a bull rally begin.
UPDATE GBPUSD: The price spiked during BoE release on Interest Rate Decision on Thursday and is still bullish in the first half of the EU session. I look forward to finding a good spot for shorting in a 20 pips retracement.
UPDATE GBPUSD: It reached DR1 on my charts. If it goes bearish from this moment on, we could aim for 30 to 40 pips. That is if the price returns to day opening.
