I am looking to short FX:EURUSD after it finds its support around 1.09880
After this, I expect price to fail under the Red 14 EMA shown as FX:EURUSD is in a bearish trend
If price goes above the 14 EMA, it will then test the 50 EMA (shown in blue) which I would expect it to fail and remain bearish
Your entry point would be executed once you saw the evidence...
this will define the uptrend continuation for bulls or return to mean for bears.
my scripts are at deadlock, daily close will be notable for the change on scripta and scriptb
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Been watching this pair for a while now!, Price is back inside old channel! Now testing bottom of up-trendline from Nov'19 and re-testing down-trend breakout from dec'19 ! All this give me good long opportunities but fundamentals have been rocking this pair up and down! Very risky right now since another episode of Brexit is about to happen And could send price...
This was my analysis over the weekend, it was looking pretty interesting but market opened with tha huge gap to the down side! I managed to enter and make some pips! Now i'm looking for some pull back to 83.00 zone to find some more sell opportunities!
What do you think?? Join me on Telegram!! t.me
Keep an eye on this, simple price action on this one and it could continue through just watch for further downside, am keen on taking this one myself if continues with clean price action, let me know thoughts :D
Another analysis of the weekend that got messed up by the market opening gap! Still managed to do some pips aswell, and looking for some more! In lower timeframes we will be looking for opportunities to enter sell! As long as price stays below 71.30, this setup is a good to go!
What do you think?? Leave a comment!!
Good morning traders,
The ASX has reached a key level failing to break above the inclining channel.
There is currently a bearish divergence on the RSI followed by an inclining wedge formation.
With global indices looking very fragile at the moment due to the Coronavirus, Impeachment and earnings season in the US, the ASX could follow suit.
Any comments are welcome!
Clear trend channel since Dec'19! In lower timeframe we can see a possible H&S formation in the last higher high! Price in support/resistance zone! Waiting for candlle closure below 1.9930 would be great to short!! Keep waiting
What do you think??? Lave a comment!! Let me know your opinion about this one!!
If we zoom out and look at the bigger picture, it seems that bitcoin is repeating its pattern that started in 2017, except that this time there's less FOMO and a lot of previously burned pseudo investors have learned their lesson. I drew some basic trend lines and to me, it seems that BTC is finishing its bearish trend and trying to test some key resistance...
gbpnzd rejected by supply zone around
price reached BUTTERFLY harmonic pattern major resistance at 161.8%
MACD shows bullish momentum weakness
so its expect bearish movement to demand zone and 50%% fibo level around
This pair has seen some pretty big movement over the past few weeks and we recently had a pretty big bearish kumo breakout.
I am looking for that bearish trend to continue, the Australian brush fires and the subsequent spending are probably going to hurt the Aussie a bit over the short term as well.
I've drawn out a pretty wide stop loss here above the...
The kiwi has started to flatten out a bit here but I am still looking for the overall bearish trend to end up resuming after the pause we've seen.
I've drawn a sell entry a little below our current price with a stop loss right above the rejection wicks we saw which also lines up a flat kumo area where we ended up twisting back to bearish.
I've drawn out a few...