FOREX WITH CUTHBERTH

Forex Trendline And Channel Patterns – All You Need To Know The Channel chart pattern is a continuation pattern that is generated by the intersection of two lines. This pattern has a name that refers to its shape, which is a channel. These two lines are written on the price chart in a manner that resembles a channel since they are parallel to each other and run in the same direction. The resistance line of the channel is the line that is located at the top of the channel, while the support line is located toward the bottom of the channel. When a channel is moving in an upward direction by forming higher highs and higher lows, this type of channel is known as the bullish channel or Ascending channel. 2 EURGBP is rebounding from the higher low area of the Ascending channel On the other hand, when a channel is moving in a downward direction by forming lower highs and lower lows, this type of channel is known as the bearish channel or descending channel. EURUSD Daily moving in descending c...

Signal: Sellers are gaining control. A break below support confirms a downtrend. 📌 Entry:Enter at breakdown below support   🎯 Take Profit: Measure height and project downward Example: - Support: 50   - Resistance:60   - Height = 10   - Take Profit =50 - 10 = 40 3. 📈 Flag Pattern (Bullish Continuation) What it looks like:A strong upward move (flagpole), followed by a downward-sloping rectangle (flag). Signal:Quick consolidation before another strong push. 📌 Entry: Break above flag resistance   🎯 Take Profit: Length of flagpole added above breakout Example: - Flagpole = 20 move   - Breakout at120   - Take Profit = 120 +20 = 140 4. 📉 Bear Flag Pattern (Bearish Continuation) What it looks like:Sharp downward move followed by a rising channel. Signal:Temporary pullback before further drop. 📌 Entry:Break below flag support   🎯 Take Profit: Measure flagpole and subtract from breakdown Example: - Flagpole =1...

XAUUSD Slips as Traders Await Key US PCE Data Join us on WhatsApp Now! XAUUSD is moving in an uptrend channel XAUUSD is moving in an uptrend channel Gold often moves in response to a mix of global economic events, investor sentiment, and policy expectations. While short-term shifts in the market can create sudden declines, the underlying demand for this precious metal remains strong. Let’s break down what’s driving the latest movement, what traders and investors are focusing on, and why gold could still hold its value in the bigger picture. Why Gold Prices Slipped Recently Gold saw a dip in early European trading recently, and a combination of factors played into this decline. One major driver was profit-taking. After a consistent climb in recent sessions, many investors chose to lock in their gains, naturally putting downward pressure on the market. At the same time, the US Dollar gained strength, fueled by positive economic updates like better-than-expected GDP numbers and a drop in ...

🔍 Market Overview As we approach the first week of September 2025, financial markets are poised for significant movements influenced by macroeconomic indicators and central bank policies. The strength of the U.S. dollar, expectations surrounding the Federal Reserve's interest rate decisions, and the upcoming Non-Farm Payroll (NFP) report are central to market sentiment. This analysis provides a detailed look at how these factors may impact Gold, Bitcoin, and major Forex pairs. 💸 BTCUSD — Is the Dollar Strength a Friend or Foe for Crypto Bulls? Bitcoin (BTC) has recently shown resilience, trading around 113,000 after a slight rebound from its recent dip. The cryptocurrency market experienced volatility following a significant sell-off by a major investor, leading to a "flash crash" that saw Bitcoin drop to approximately110,500. Despite this, institutional interest remains strong, with ETF inflows and corporate adoption providing support. However, the strengthening U.S. d...

🧠Mastering Trading Psychology:The Key to Consistent Profits In the world of trading, success is not solely determined by technical analysis or market knowledge. A significant portion—often cited as up to 80%—of trading success hinges on psychology. Understanding and mastering your emotions, biases, and mental discipline can be the difference between consistent profits and repeated losses. 1. Understanding Trading Psychology Trading psychology refers to the emotional and mental factors that influence trading decisions. Emotions like fear, greed, hope, and regret can cloud judgment, leading to impulsive decisions. Recognizing these emotions and understanding their impact is the first step toward mastering trading psychology. 2.Common Emotional Challenges in Trading Fear 😨 Fear can prevent traders from entering the market or cause them to exit trades prematurely. This emotion often arises after a series of losses or during volatile market conditions. Greed 🤑 Greed may lead traders to o...