EUR/USD Beginner Level trading

Price is testing resistance line

Price has broken past resistance and is going upwards good time to buy

I close my trade and exit with profit

Im going off now but i leave you with the upward trend after the price broker through the resistance line.

Good time to buy.

Good bye guys

NEW TRADE

Im back again guys. I just spotted an interesting CUP & HANDLE PATTERN in a down trend and i think it suggests an upward trend is coming so I place a buy trade.

Lets see if I'm right !!!

Some good upward movement as the price starts rising as predicted

I Set my Stop Loss and use the Fibonacci Retracement tool so i know if a retracements is going to lead to a downward trend or is just a fake

Good upward movement good time to buy

We are in an up trend as predicted but I'm exiting with my profits now because I have some other things to do.

As you can see the price keeps going up but im going offline now bye

Good morning guys today is Monday & I am looking at the 1Hour chart and have found 2 areas of value A & B

Point A was chosen because it is the highest price reached during todays Asian Session and also because the wicks of the red and green candles reached similar high prices

Point B was chosen because it marks the lowest price during todays Asian session

I will go ahead and draw resistance/support lines to mark these areas of value

See points A & B

I have drawn yellow lines to mark these areas of value

I go to the 5 Minute Chart

On the 5 minute chart you can see a closer working of our yellow support & resistance lines

Now I will look for candlestick patterns & chart patterns to help me find a point of entry

Price has broken through the yellow support line so i place a sell order to short the market

I have opened a short trade and I am seeing some good downward movement

More downward movement in my favor

Price has reversed against me and is heading to test the yellow resistance line I drew. The test was unsuccessful as price could not break through the yellow line

Price is testing the yellow resistance line once again

Again the test is unsuccessful and price bounces off the line and reverses downwards in my favor