Stock

EURCZK! Any ideas?

FX:EURCZK   None
63 2 1
In the chart you can find an amazing green candle. What can we do with this price (go long, go short?)

Any ideas or feedback?
27.50 are achieved! Is this the time for the short, now?
Reply
Purely technically speaking I would say that you watch out for a technical correction. Another rise should be possible until around 27.50 which is the low of December 2006. But then take into account that this sharp rise is not from another world. It is -whatever the reason of the breakout of the more than 5 year old range might be- the end of an ABC-wave June 2011->November 2011->November 2013. So the time may be ripe for a correction with the possibility of an overextension to 27.50 as said above.
I will publish a chart of it for explanation.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out