Hello Traders! Happy New Year!
Thank you for taking the time to read my ideas, any support and comments help me improve as well to gain confidence to continue my trading journey!
This is the last trading day of 2020 and I want to thank you all for your support and encouragement to become a better trader. I began live trading at the beginning of the year and I think we can all say it was a tough one with the Oil Collapse, Coronavirus spread and the Presidential Election. The markets were very inconsistent at times and it made me become more disciplined as I found a direction for my trading plan which gave me hope to achieve success . The one word that I could say summed up my year in a nutshell was "Determination." By being determined, a few things that has it grown for me is my confidence in posting my ideas, understand how the markets work and more importantly made my psychological thinking a lot stronger as fear gripped the markets for most of the year.
What was the one thing that summed up your year in 2020??
Looking at an outlook of EURAUD, we can see that price is has been falling within a Wedge pattern on a 8H outlook (left chart) approaching a strong key level of 1.5981. If we break past this level I'm expecting more a slide down to 1.5682 price range however if price is rejected we're looking for breakout to the upside target in the mid 1.6360 range. On a bigger perspective, we can see that we are testing a trendline which shows growth is still in the picture.
Waiting to see confirmation on the support level before taking a position.
Please let me know what your 2020 was like in a "nut shell", I love to read your comments and appreciate you taking the time to share!
If you have a different analysis, please share! Lets manage this trade together!
Don't forget to click the LIKE button and FOLLOW me to see more ideas! I appreciate all the advice/support!
Thank you for taking the time to read my ideas, any support and comments help me improve as well to gain confidence to continue my trading journey!
This is the last trading day of 2020 and I want to thank you all for your support and encouragement to become a better trader. I began live trading at the beginning of the year and I think we can all say it was a tough one with the Oil Collapse, Coronavirus spread and the Presidential Election. The markets were very inconsistent at times and it made me become more disciplined as I found a direction for my trading plan which gave me hope to achieve success . The one word that I could say summed up my year in a nutshell was "Determination." By being determined, a few things that has it grown for me is my confidence in posting my ideas, understand how the markets work and more importantly made my psychological thinking a lot stronger as fear gripped the markets for most of the year.
What was the one thing that summed up your year in 2020??
Looking at an outlook of EURAUD, we can see that price is has been falling within a Wedge pattern on a 8H outlook (left chart) approaching a strong key level of 1.5981. If we break past this level I'm expecting more a slide down to 1.5682 price range however if price is rejected we're looking for breakout to the upside target in the mid 1.6360 range. On a bigger perspective, we can see that we are testing a trendline which shows growth is still in the picture.
Waiting to see confirmation on the support level before taking a position.
Please let me know what your 2020 was like in a "nut shell", I love to read your comments and appreciate you taking the time to share!
If you have a different analysis, please share! Lets manage this trade together!
Don't forget to click the LIKE button and FOLLOW me to see more ideas! I appreciate all the advice/support!
