A bullish pin bar usually appears at the end of the downward movement, not necessarily a downtrend. It opens within the body of the previous bearish candlestick and has a long lower tail and a small body. The pin bar candlestick will be useless unless you put price action in the context of the surrounding...
Why is it advised to look left and right while crossing the road? If you only looked right to check whether any immediate incoming vehicle was approaching you, you might get stuck up in the middle or hit by the car from the other direction, which you didn’t check. Or, after checking the left side,...
How To Make Predictions For Trades in Stocks and Forex Weeks and Months Ahead. You can learn to plan your trades weeks and months before the move happens. You may be wondering how that is possible. Simple, the stock market, the Forex and crypto markets are moved by supply and demand forces you are unaware...
Price action trading is almost everything. Price action trading is the only non-lagging indicator. Most traders love technical indicators and oscillators. I have seen many traders excited when they discover a new tool to drag on their charts, adding all sorts of colours, lines, and arrows all over the place. However, the absolute truth is...
You need an edge in trading. Bigger timeframes and supply and demand can be your trading edge, but you must do things differently before that happens. If you do what everyone else does, you will lose money because that’s what most traders do. The markets you trade are irrelevant because most traders will succumb to...
EURUSD has been reversing since October 2022, as expected. The EURO forex cross-pair has been dropping for months and started its reversal after hitting a very big timeframe long-term demand level. That is helping the EURUSD rally and stay above the parity level again. There is a lot of profit margin for the EURUSD to...
Lenzing Aktiengesellschaft German stock provides a great long-term buy opportunity at a very strong monthly imbalance, trading at 47 euros per share. We’ve been tracking this German for a few months expecting it to reach the strong imbalance you can see in the supply and demand analysis attached below. The Lenzing Group is an international...
Binance, the cryptocurrency exchange giant, is being dumped. Why am I saying that the all-mightly Chinese exchange is being dumped, and a substantial bearish correction is expected in the following months of 2022? As supply and demand crypto traders, we should ignore everything they say in the media about cryptos, Binance and DeFi. There are...
Alibaba Hong Kong stock arises among the ashes. Alibaba (NYSE: BABA) is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. The Chinese (Hong Kong) stock analysis is one of the hundreds of shared stock analyses in Set and Forget’s stock channels. The stock has again reached a monthly demand level at...
Seazen Group Limited and its subsidiaries invest, develop, and sell properties in the People’s Republic of China. It primarily develops and sells residential properties and mixed-use complexes and provides commercial property management and other services. The stock is trading on the Hong Kong stock exchange. It’s a company in the real estate development industry that...