Tuesday, October 27, 2020

📈 Candlestick Pattern of the Day: Harami Cross | EUR/USD and CAD/JPY Trade Ideas

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
October 27, 2020
Trading opportunities on EUR/USD and CAD/JPY
Today, Big Pippin's looking at EUR/USD potential triangle and CAD/JPY's make or break situation. See if you can make pips off these two setups!
Candlestick pattern of the day: Harami Cross

A Harami Cross is a reversal candlestick pattern that consists of a long candle is followed by a Doji. Learn more about this pattern from this forexpedia entry.

Take this fundamental analysis quiz question
Which of the following is NOT related a fundamental event?

A. Donald Trump becomes U.S. president
B. Oil prices rise due to supply reduction
C. An important price level is broken
NZD/USD currently on its 1-week, 1-month, and 1-year price high

Using MarketMilk's Trading Ranges tool, we can quickly see where NZD/USD's price has been within its high/low trading range on different time frames:

Set trading goals that work

Some traders become too preoccupied with their desired outcomes, such as making a truckload of pips or bouncing back from losses, that they overlook the realistic aspect of their goals.

"How do I keep track of live events that affect the market?"
Forum member Ninmar writes, "I miss trades long before I know what has happened. How can I have almost instantaneous access to these live events that affect the market GREATLY?"
Got a question for us?
Send us a message!
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