Hello traders, a new week is upon us!
#MATIC update with a look at the weekly candles.
We have formed a bearish engulfing candle formation after which a move down is very likely.
I will definitely look for short entries on the smaller time frames after the confirmation of the trend down to levels around 0.59.
Dollar Index in today London session lifted and currently goes up, if it breaks the current recent last low and maintains this level, this prediction could be confirmed
#MATIC update with a look at the weekly candles.
We have formed a bearish engulfing candle formation after which a move down is very likely.
I will definitely look for short entries on the smaller time frames after the confirmation of the trend down to levels around 0.59.
Dollar Index in today London session lifted and currently goes up, if it breaks the current recent last low and maintains this level, this prediction could be confirmed
Trade active:
The price has beautifully returned to my marked zone from where the polygon could go to a new short-term low around $0.59
Trade active:
Yesterday's Asian session MATIC fell and is currently at around $0.82 where I am closing 25% of my position
Trade active:
We are now at $0.88 with small profit taken, i will close position in open price below in comments, wait for cofirmation
Trade active:
This week which was full of announcements in America still looks very good for my analysis at the moment, the MATIC just before the last marked level turned around and is heading lower even after positive inflation results but not quite a decisive announcement within the FOMC.
Trade closed manually:
Currently at 17:35 I am closing all positions in profit at $0.7923