The market makes an impulse then makes a correction before making the impulse again.
(Bullish) Scenario 1: Stabilization above 1.19 (Range) Scenario 2: Neutral between 1.1895 and 1.1725 (Bearish) Third scenario: stabilization below the price of 1.1685
Hello Traders, I expect the price to push to the support price level or with more correct words I expect the price to push to the red Ema. Nevertheless, the EMAs generally created by the price so its not likely the price to reach the red ema so quickly, but you get my tutorial that I want to do through this picture. The charts illustrates what you can see,...
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An alternative way of assessing currency flow is the ratio between the ETFs of each currency. For example, the EZU that gives exposure to a developed market countries using the Euro currency, divided by IVV that gives exposure to large, established U.S. companies. The direction of this ratio shows us whether companies in one country (or region) are growing faster...
As we discussed earlier, The pandemic vaccine is expected to reach in 2021 so it will achieve it before the vaccine, second corona vawe is affecting world economic hopes again, China-US trade and political tensions are escalating with US elections. Us pandemic situation is not under control.
The idea of this post is to use this current scenario to provide an idea of how to work with clear Support and Resistances zones. a) LOOK AT THE PAST: What we mean by this is to look for zones that you can define as reversal areas (support/resistance), this must be Evident if it is not then you should not be paying attention to that chart b) Once you have...
EURUSD is approaching a key daily structure resistance. 1.15 is year's high, short rally from that level was just crazy in march. we don't know how the market will react this time, so we must be prepared for both scenarios: in case of a bullish violation of the underlined resistance (daily higher high higher close) the pair will most likely keep growing. next...
Step-by-step insight into my scalping strategy that I use every day.
Bitcoin has been rather boring in the past few weeks, just hanging around this consolidation zone. I have my eyes on this level off fibs, we have a bullish engulfing and now an indecision candle at the 38 I would like to see it test the supply zone and give us a decent break out of this consolidation zone Note : Supply zones are determined buy the last Green...
Comparto con ustedes los análisis para esta semana de algunos pares relacionados con el USD
gold is just unstoppable. the price is growing like crazy this week. if you missed this movement and plan to jump in, it is too late and very risky atm. the price is relatively close to our next potential reversal area 1823 - 1833. this area is based on a resistance line of a rising channel and fib.extension confluence of the last two major daily...
Multi timeframe analysis and candlestick analysis. Potential scenarios and key levels explained.
hey guys, analyzing the price action on EURUSD we may notice that: 1.14 is our current structure high once it was reached, the price dropped to 1.123 structure support and failed to retest the high, setting a lower high. then one more retest of horizontal support. equal lows and a new bullish movement brought a lower high again. for now, bulls are clearly...