Great analysis - I like how you show short and long term prospectives! I don't use a lot of T.A. (because I'm not great at it!) so it's very useful to improve my own skills by comparing my projections with others'.
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Combining TA with FA can really be effective if done right. Fundamentals help you pick the correct markets to trade and then technicals help you manage your risk and keep you from going bust if you make a bad call. You should look at adding it to your arsenal.
Yeah I've been looking in to it and it seems like a great strategy alright, I was looking at baby pips as a place to learn - it's where I learned my current skills of TA, but I did not go too far. Any places you'd recommend for learning?
I do point people to babypips as a base, but while it’s great for basics, there’s just sooooo much there.
My advice is always to focus on the most simple supply/demand stuff like support/resistance levels, trend lines and how candle patterns react around them.
By using those levels and patterns alongside good risk management principles like risk:reward ratios that even fundamental traders use, you have all you need imo.
Babypips and forexfactory forums are great places to find traders who trade this way. As well as twitter and of course here. I actually used forums and trying to copy people a lot.
Great, thanks for letting me know! Will get learning properly during the week and will try the forums!