Test yourself

See how good you are at predicting the following scenarios and their outcome.

Quick instructions:

Each image represents a currency at a given time and timeframe. Supplied with information such as time of day and upcoming or released news. The images are part of my daily chart reading exercise and are taken just before a market move, but that’s where the easy part ends. Your challenge is to anticipate where price is headed next and how far it’ll go.

1-

IMG_0108

AUD/USD 15m, 10am GMT

No major news release until New York (NY) opening hours.Steady down trend for the day so far giving away ground rapidly. Predict how price will behave from here on and how far it’ll move. Click here to reveal answer.

2-

IMG_0106

AUD/USD 15M, 2PM GMT

NY opening brought some anticipated news in favour of the US dollar. It’s 30min past the news release now and market conditions are somewhat calmed. Price on this pair has been trending lower the whole day. Currently sitting at a retracement, where is price headed next and what would be first resistances /support . Reveal answer here.

3-

IMG_0112

EUR/USD 15M 5PM GMT

London traders are calling it a day and all news announcements are out. Price seems to have a tendency to dip today. Are we likely to see another dip? Reveal answer here.

4-

IMG_0110

EUR/USD 15M 11AM GMT

Mixed data from the Eurozone has rocked the market with a steady uptrend thus far. Major news are going to touch down once NY opens.How would you predict price will behave further down the line? Find out here.

I hope you enjoyed this fun test. Let me know how you scored by voting on the poll below.

Feel free to ask me any questions or share your opinion in the comment box below. You can contact me also at miadkasravi@zfxtrading.com and please like this post if you found it useful.

‘Best,

Miad

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