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Selected Ideas

EURUSD📈 Long Idea ✔
EURUSD ·
Mon Feb 26 08:48:50 UTC 2024
As the price is in ascending channel, we will wait to test the previous resistance zones. Good Luck to All!🙌🏽😎
Details
EUR/USD
EURUSD ·
Mon Feb 26 08:48:31 UTC 2024
Hello dear friends For short term trades daily trade I have checked the euro chart and the effective price that causes Return the price I have shown in the chart You By getting approval in a smaller time frame Get a great deal I update these types of charts every few days So I shrink the chart. that you have a full view and can easily see by zooming
Details
Bitcoin(BTC): First Signs of Weakness (Correction Coming?)
BTCUSD ·
Mon Feb 26 08:41:48 UTC 2024
The new week is here, and we are feeling more and more confident about our upcoming drop. Starting with RSI, we are seeing that the price is already getting ready for correction, which should be one last correction before our long-waited "bull market" (which will mark the start of it). On candlesticks, we also see the last one closing in red (in favour of bears)...
Details
Adv. on bearish side
BTCUSD ·
Mon Feb 26 08:41:09 UTC 2024
Morning folks, It seems that market is tired a bit from previous ETF rally. Major drivers are worked out already, and market needs something new. Supposedly coming April halving and possible ETH ETF approvement in May are most probable ones. Right now price stands in tight consolidation, which is might be treated as a bullish sign. At the same time, this...
Details
eurusd
EURUSD ·
Mon Feb 26 08:35:35 UTC 2024
#EURUSD - H1 Upon analyzing the 1-hour timeframe, with the breach of the resistance level around 1.0848, there is an expectation for price growth towards the 1.0900 range. ⛔ Stop Loss: 1.0800 On the other hand, breaking the 1.0800 range could lead to selling opportunities with a target of 1.0730. ⛔ Stop Loss: 1.0845
Details
GBPUSD HTF BULLISH RETRACEMENT CONTINUES
GBPUSD ·
Mon Feb 26 08:34:49 UTC 2024
GBPUSD is on a Higher Time Frame retracement to fill the Higher Time Frame Supply zone before expanding bearishly to continue the trend. That's why am buying GBPUSD cheap at the current demand zone / order block to target the closest External range liquidity at Buyside. First Entry was Order block entry and this second is a confirmatory entry after we spot a...
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Economic Calendar
02-2602-2702-2802-2903-01
  • Actual
  • Forecast
  • Prior
  • 08:00
    Spanish PPI (YoY) (Jan)
    -3.8%
    -
    -6.3%

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News

Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin spoke by phone.

News Flash26-02 08:28From XTrend Speed
Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin spoke by phone.

The basic electricity price for next-day delivery in France rose to 69 euros per megawatt-hour, a 14% increase from last Friday's delivery price.

News Flash26-02 08:26From XTrend Speed
The basic electricity price for next-day delivery in France rose to 69 euros per megawatt-hour, a 14% increase from last Friday's delivery price.

According to Japan's Kyodo News: G7 finance ministers and central bank officials are expected to hold a meeting in Brazil on February 28 to discuss strengthening sanctions against Russia.

News Flash26-02 08:25From XTrend Speed
According to Japan's Kyodo News: G7 finance ministers and central bank officials are expected to hold a meeting in Brazil on February 28 to discuss strengthening sanctions against Russia.

At the close of Hong Kong stocks, the Hang Seng Index closed down 0.54%, the Kose Index closed down 0.19%, and domestic banking stocks and insurance sectors fell.

News Flash26-02 08:08From XTrend Speed
At the close of Hong Kong stocks, the Hang Seng Index closed down 0.54%, the Kose Index closed down 0.19%, and domestic banking stocks and insurance sectors fell.

The UK's FTSE 100 index opened down 4.56 points, or 0.06%, to 7701.72 points on February 26 (Monday);The FCHI index opened down 16.20 points, or 0.20%, to 7950.48 points on February 26 (Monday). ;The European Stoxx 50 Index opened down 10.42 points, or 0.21%, at 4862.15 points on February 26 (Monday);The Spanish IBEX 35 Index opened up 10.90 points on February 26 (Monday). An increase of 0.11%, to 10141.50 points;Italy’s FTSE MIB index opened up 0.08 points, or 0.00%, to 32701.00 points on February 26 (Monday);The German DAX30 index opened on February 26 (Monday) ) opened down 23.80 points, or 0.14%, to 17395.53 points.

News Flash26-02 08:02From XTrend Speed
The UK's FTSE 100 index opened down 4.56 points, or 0.06%, to 7701.72 points on February 26 (Monday);The FCHI index opened down 16.20 points, or 0.20%, to 7950.48 points on February 26 (Monday). ;The European Stoxx 50 Index opened down 10.42 points, or 0.21%, at 4862.15 points on February 26 (Monday);The Spanish IBEX 35 Index opened up 10.90 points on February 26 (Monday). An increase of 0.11%, to 10141.50 points;Italy’s FTSE MIB index opened up 0.08 points, or 0.00%, to 32701.00 points on February 26 (Monday);The German DAX30 index opened on February 26 (Monday) ) opened down 23.80 points, or 0.14%, to 17395.53 points.

Spain's PPI monthly rate in January was 0.2%, the previous value was -0.30%.

News Flash26-02 08:00From XTrend Speed
Spain's PPI monthly rate in January was 0.2%, the previous value was -0.30%.

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Trading Knowledge

Trading Terminology

Basic Knowledge
Open Positions:

refer to the state of a trade after a trader has entered the market. Traders can Buy or Sell to enter the market.



Closed Positions:

refers to executing a security transaction that is the exact opposite of an open position, thereby nullifying it and eliminating the initial exposure.



Close Out:

When your account's Equity reaches 50% of your Used margin , the system will automatically close out positions. The system will start closing positions that have the highest loss until the ratio is greater than 50%.



IMPORTANT NOTE: You should set “stop loss” and “take profit” in time when trading.

How to calculate profit and loss?

Product Guide
Profit/Loss = Price Difference in pips * Pip Value



For example, you buy 100 AUDUSD with a pip value of 0.01 USD and required margin of $5.

The opening price is 0.78260 and the closing price is 0.78220.

Their price difference in pips is -4 pips [(0.78220-0.78260)/0.0001 - The pip for AUDUSD is the fourth decimal point, ie. 0.0001].

Hence, the profit/loss (P/L) is -$0.04.

What is Margin Level?

Product Guide
● The margin level is a risk management gauge that helps you understand how the currently opened positions influence your account.

● Margin level is a mathematical equation that effectively tells the trader how much of their funds are available for new trades

● The higher the margin level, the higher the amount of cash available to trade

● The lower the margin level, the lower the amount of cash available to trade and the account could be subject to a margin call.

● Monitoring margin level is important for managing your account. If it falls to 100% the system will not allow you to open new positions, and in the case it falls further, some of your positions may be forcibly closed. You can raise it, either by adding funds to your account to increase equity or by closing some positions to reduce used margin.

If your margin level is getting close to 50%, you are in danger of having some of your positions forcibly closed. When the margin level is less than or equal to 50%, the positions with the greater losses will be closed out until the margin level rises above 50%. The positions opened by coupons will not be influenced and hence coupon trades will not be closed out.



How is margin level calculated?

It is calculated by the following formula:

Margin level = (equity ÷ used margin) × 100%

If you don't have any trades open, your margin level will be “- “



Margin level example

If your account equity is $8,000 and your used margin is $2,000 then your margin level is 400%.

Important Economic Data - Released Dates

Economic Calendar
NFP:

At 15:30 (GMT +2) on the first Friday of every month



GDP of major currencies (EUR, USD, GBP, AUD, NZD & JPY):

Released on a quarterly basis.



CPI of major currencies (EUR, USD, GBP, AUD, NZD & JPY) :

Released monthly.



U.S. Initial jobless Claims :

At 15:30 (GMT +2) every Thursday



U.S. Durable Goods Orders :

At 14:30 (GMT + 2) once a month



FOMC Minutes:

The Committee meets eight times a year, approximately once every 6 weeks



EIA:

At 17:30 (GMT + 2) every Wednesday



OPEC meeting:

Twice in a year, usually in June and December

Candlestick Chart

Candlestick Chart
There are two basic candlesticks:

1. Bullish Candle: When the close is higher than the open (usually green or white).

2. Bearish Candle: When the close is lower than the open (usually red or black).



There are three main parts to a candlestick:

1. Upper Shadow: The vertical line between the high of the day and the close (bullish candle) or open (bearish candle).

2. Real Body: The difference between the open and close; colored portion of the candlestick.

3. Lower Shadow: The vertical line between the low of the day and the open (bullish candle) or close (bearish candle).



Candlestick Patterns


1.White Marubozu

Formation: When the opening price equals the bottom price and the closing price equals the top price. The body colour is white or green without shadows.

Meaning: The buyers maintained control of the price - Bullish.

Forecast: It indicates the continuation at the end of an uptrend or a reversal at the end of a downtrend.


2.Black Marubozu

Formation: When the opening price equals the top price and the closing price equals the bottom price. The body colour is black or red without shadows.

Meaning: The sellers maintained control of the price - Bearish

Forecast: It indicates the continuation at the end of a downtrend or a reversal at the end of an uptrend.


3.Closing Black Marubozu

Formation: When the closing price equals the top price and no lower shadow is created.

Meaning: The sellers took control of the price - Bearish.

Forecast: It indicates the continuation at the end of a downtrend or a reversal at the end of an uptrend.


4.Hammer

Formation: Small candlestick body with a long lower shadow and a short or absent upper shadow.

Meaning: The buyers were able to overcome the selling pressure and close near the open - Bullish.

Forecast: It indicates a reversal after a downtrend or a support level which requires further bullish confirmation.


5.Shooting Star

Formation: Small candlestick body with a long upper shadow and a short or absent lower shadow.

Meaning: The sellers were able to overcome the buying pressure - Bearish.

Forecast: It indicates a reversal after an uptrend or a resistance level which requires further bearish confirmation.


6.Spinning Tops

Formation: Small candlestick body with a long upper shadow and a long lower shadow.

Meaning: Neither the sellers or the buyers were able to take over - Neutral.

Forecast: If it forms during an uptrend, it could mean that not many buyers are left and a possible reversal might occur. If it forms during a downtrend, it could mean that not many sellers are left and a possible reversal might occur.


7.Doji

Formation: Opening and closing prices are effectively equal with a long upper shadow and a long lower shadow.

Meaning: Neither the sellers or the buyers were able to take over - Neutral.

Forecast: It indicates indecision and is often formed during resting periods after a significant move either higher or lower.



The above are some types of candlestick patterns that can be formed. The different types can be categorised as single, double and triple candlestick formations. Please always take market conditions and price action signal into consideration before acting on a single candlestick pattern.

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