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How to Limit Losses When Day Trading Stop-Loss Orders It’s vital to characterize precisely the way that you’ll limit your trade risk. A stop-loss order is intended to restrict loss on a position in a security. For long positions, a stop-loss can be set under a new low and for short situations, over a new […]

BRENT On H4, Brent quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI is testing the resistance line. A test of 2/8 (81.25) should be expected, followed by a breakaway and falling to the support level of 1/8 (78.12). The scenario can be cancelled by rising over the resistance […]

EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed a Harami reversal pattern. The pair is now going by the signal in an ascending wave. The goal of the growth might be 1.0725. However, the price may pull back to 1.0610, bounce off it, and continue the uptrend without […]

Type: Bullish Rise Key Levels:Resistance: 3.9600Pivot: 3.6885Support: 3.5545 Preferred Case:Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 3.9600, where the previous swing […]

USDCHF, “US Dollar vs Swiss Franc” The currency pair is correcting in a Wedge reversal pattern. The instrument is going below the Ichimoku Cloud, which indicates a downtrend. A test of the upper border of the Cloud is expected at 0.9305, followed by falling to 0.9115. An additional signal confirming the decline will be a […]

Type: Bullish Continuation Key Levels:Resistance:1.07935Pivot:1.05085Support:1.03315 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the 1st resistance line at 1.07935 where […]