-Comeback from a sign of weakness
-Bearish candle rejection
-First take profit on next level
-Second on the even lower support
-Stop loss above bear rejection candle
3.75 r/r
1.) Price is in the monthly/weekly supply zone. Price has had trouble breaking this zone and I think price was just consolidating and gathering momentum to make a bearish push.
2.) Price formed a double top, after an uptrend. A double top formation at the end of an uptrend can signal a potential reversal.
3.) After forming a double top, price then broke the...
Pair is reaching some very important levels for the short and medium term. I am waiting for the price to get stuck somewhere around 1.0850-1.0930 and i will be looking from there.
Very short term it makes sense to buy at current levels.
ECB nowotny reiterated senior member official sentiments regarding the situation with Italian banks unsurprisingly saying people "Should not over dramatise situation regarding Italian Banks". He also hawkish said that the Brexit impact forecasted on the EUROZONE economy would be less than the IMF forecasts. Perhaps the most important sentiment though was that...
This 2-part article will look at the practical application of correlations in trading and show how to use correlation inferences to exploit the statistical advantages they offer.
On the 4h time frame, the highest day-tradable timeframe imo we see EUR$ has an exclusively negative and almost 1for1 correlation with the dollar index (or dollar "market"), however,...
