FxScotty
Australia 
07 Feb BirthAccount Manager for ForexBriefcase
Full Time Forex trader at LCMS Traders
www.forexbriefcase.com
Australia 07 Feb Birth
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Regular Divergence
What is a regular divergence? A regular divergence is used as a possible sign for a trend reversal. There are two types of regular divergences: bullish and bearish. Regular Bullish Divergence If the price is making lower lows (LL), but the oscillator is making higher lows (HL), this is considered to
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How to Trade Bearish and Bullish Pennants
Similar to rectangles, pennants are continuation chart patterns formed after strong moves. After a big upward or downward move, buyers or sellers usually pause to catch their breath before taking the pair further in the same direction. Because of this, the price usually consolidates and forms a tiny
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Hints for trading
#OPINIONLEADER# ****** Trading Philosophy ****** Step 1. Verify long, mid, and short term trends of what you want to trade * Step 2. Determine your trading time frame and follow the respective trend * Step 3. Decide left or right side entries which ever fits your own personality well,
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NZD / JPY, is this a good time to sell?
NZD / JPY, is this a good time to sell? Technically, the graph looks really interesting. A large number of sellers have moved to 79,110, where I will be looking for opportunities to average my short position. The yen is weak in the global currency market. Nevertheless, the fact that the NZD is slowl
**Currency Correlation (20 June 2021)**
#OPINIONLEADER# **Currency Correlation (20 June 2021)** (1) This week, there are several pairings with strong correlation. Strong Positive Correlations: (GBP/USD, EUR/USD). Strong Negative Correlation: (GBP/USD, USD/CAD), (EUR/USD, USD/CAD). Be cautious when trading the cu
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Is the USD/CAD ready for a pullback?
The recent run higher in the GBP and the CAD has been for good reasons. The BoC signaled an exit from their easy monetary policy and the UK is expected to beat its 6% GDP expectations for a number of reasons. Not least because of a very fast vaccine rollout and easing of COVID-19 restrictions. That
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What do traders do? USD INDEX and FOMC
One of the more interesting "indicators" (I don't know if you can call it that) is the observation of index futures. We have a very interesting scale at the bottom showing the exposure of individual groups of traders - large and commercial hedgers. What does their exposure to the market tell us? At
- Lamb:Have you placed an order yet? Or you will wait ?
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Dollar Rebounds, Scores Solid Gains Against Peers
The U.S. dollar moved higher on Wednesday, rebounding from recent losses, after data showed a weak outlook for the Japanese economy, and the New Zealand central bank hinted at a rate hike. Traders are looking ahead to U.S. inflation data, due on Friday. The dollar index advanced to 90.11, gaining ab
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IF YOU Feel Like Giving Up Trading? Here's How to Fix That…
Stop trying to get rich fast One of the primary reasons so many traders get burnt out and eventually want to give up trading or do actually give up, is simply because they are trying to get rich quick. Obviously, trying to get rich quickly in trading means you’re probably doing almost everything wro
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Bitcoin price jumps over 12% to roughly 3-week high to trade above $40,000
The world’s No. 1 crypto, and prices of digital assets more broadly, were headed higher on Monday At last check, bitcoin prices BTCUSD, +0.72% had climbed more than 12% and were changing hands around $40,631 on CoinDesk, which would mark the highest level since late May, according to FactSet data. G
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Leading vs. Lagging Indicators
In the previous grade, popular chart indicators were discussed. We’ve already covered a lot of tools that can help you analyze potential trending and range-bound trade opportunities. Still doing great so far? Awesome! Let’s move on. Welcome to Grade 6! In this lesson, we’re going to stream
Pull-up Update
