Goliath forex BW

19/03/2020

When trading during times like this make sure you follow your risk management plan.

16/03/2020

Come to us for financial market advice.

16/03/2020

So bitcoin drops $575...

15/03/2020

The financial markets been declining the past two weeks... Lets see how the market will behave this week.. There will be a few interesting things on the market this week so keep a closer eye

09/04/2019

A double top is a strong bearish reversal pattern. It occurs when an uptrend fails to make a higher high and instead, makes an equal (or near equal) high.
The psychology behind the pattern is that the failure to make a higher high could be an early sign that the momentum is leaving the uptrend. The equal high is an indication that the previous high is being tested and confirmed as resistance. All this means that a reversal is likely to happen.
As you can see from the image,two horizontal lines are drawn off the double top. The top line is the resistance
line. The second line marks the middle valley. From here on, I’ll refer to this line as the breakout line.
To get your profit target for this pattern, you measure from the resistance line to the breakout line.
Then you take that measurement (in pips if you’re trading the Forex market) and duplicate it downward as in the image

04/04/2019

Bitcoin is slowly gaining altitude with a long-term lagging indicator flashing signs similar to those seen before the 2015 bull breakout.

04/04/2019

When trading price action patterns, I occasionally shoot for different profit targets, based on what kind of
pattern I’m trading and the reward to risk scenario it provides. For instance, I usually target a 3:1 reward to risk
ratio when trading the harami patterns.However, when trading most other price action patterns, including the bearish engulfing candlestick pattern, I target a 2:1 reward to risk ratio.
What this means is that, if I’m risking 50 pips, I place my take profit 100 pips away from my entry
Over the years, this has worked out very well for me, especially with the bearish engulfing pattern.
In my experience, I can target a 2:1 reward to risk ratio with the bearish engulfing pattern and achieve
a high enough strike rate

03/04/2019

When you find a definable uptrend or downtrend, the next step is to identify the most critical levels in the market.
I mean the most powerful support and resistance.
If prices test a support level and stop, this is an indication that buyers are there. This area is watched by all
participants in the market because it represents a great buying opportunity.
Conversely, if prices test a resistance level and stop in an uptrend, this is a clear signal that selling strength
is in the market.The example shows how the market participants interact with support and resistance levels
These levels take different forms such as trend lines, channels, flags, triangles. Your ability to identify them in
your chart will help you find better price levels in the market.

03/04/2019