My last publication (see link below for reference purposes) on this pair enjoyed 135pips run in our direction before the rally. Now - Since late December 2020, the EUR/GBP has been rangebound between roughly the GBP0.91150 - 0.89500 level and emphatically respecting a channel. Despite most quarters supporting the appreciation of the Euro considering the unfolding...
Today's sell-off in NASDAQ:QQQ and other US indices, provides early hint that local top might be in. Buyers really need to step in at current levels until the end of the day or selling pressure may only intensify going forward
lets see how this one plays out...
Looking at a bearish descending triangle that broke below the support line on Thursday. Could potentially buy puts here and target the gap fill. If youre ballsy you can target the measured move from the height of the triangle downward. Not financial advice.
Aussie is overextended across the board, here we are looking at massive RSI Divergence, Breakdown out of an ascending wedge, throwover line, and a push into an IPA area to close out positioning before heading lower, this has all the makeups of a great trade!
Next major resistance is 29039$. Can have a bounce from 25804$ support or break down to 24360$ - keep an eye on 25804$.
wait for break out or break down to enter with appropriate stop loss
One of the most overpriced comapnies in the whole markets - NASDAQ:ZM may finally be starting its breakdown. Despite Nasdaq strength today, company is showing very poor relative strength and deliberate breakdown of major support line. Could be good short opportunity.
BITFINEX:ETHUSD Evidence: 1. After breakout, horizontal resistance failed to act as support. 2. Breakdown of trend-line that failed to act as support. 3. 4H Rejection to trend-line from the downside, meaning support turned to resistance. 4. Alt-coins showing weakness after XRP breakdown 🚨PLEASE LIKE AND SHARE IF YOU FOUND IT USE-FULL!🚨 *Not Financial...
Nifty is looks like negative after a double top formation and quick fall. We can see RSI diversion too. Just like before March crash see in monthly chart.
Banknifty is looking similar to Nifty . A double top and RSI diversion too.
clean short nifty after breakdown with the mentioned stop loss SL T will be your target time frame 2-3 days, either your SL or T will hit risk to reward for the trade 1:2.5 note - don't trail SL 40pts SL 100 pts Target
At the beginning of the week, I made a forecast expecting a fairly long-term growing movement. And as we can see my last predictions come true. The price first touched the support line 1823.349. And then she began to grow steadily. Right now, it has come to the resistance line 1864.526. An important point on the chart, because after the breakthrough of this...
Price has hit .45 as discussed in my last post. Need to regain the .46 region in the next 50 min to have 4hr candle body to respect trend line. If this does not happen we will continue towards .40, possibly stopping at .42. Bulls or bears could make a big move as we flirt with major resistance/support. Lowest support we could hit while maintaining bullish...
Our last publication (see link below for reference purposes) witnessed price moving 60pips in our direction to complete a Double Top pattern before the rapid decline. Last publication on this pair I emphasized how the price was caught within a range above major Demand zone (Fr1.07800); Now that price broke down our Key level @ Fr1.07900 last week; I shall be...
240pips running in our direction since my last publication on this pair (see link below for reference purposes); EUR/USD has been caught within a range capped between $1.20600 and $1.21600 since price hit a peak @ $1.21780 at the beginning of the month. Considering the completion of a Double Top "look-alike" pattern, a counter-trend opportunity surfaces as a...
With over 500pips in our direction since my last publication (see link below) on this pair; The British pound has gotten hit pretty hard during the last couple of weeks after an optimistic rise topped $1.35400 early in the month. With the growing fears that Brexit talks could collapse, I am anticipating the risk of decline in price in the coming week(s). ...
Hopes of Brexit deal wanes again; GBPCHF sinking back towards lows as it finds a haven for selling pressure around Fr1.20300. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Harmonic (AB = CD) Observation: i. Since completion of Double Top pattern in late Nov. 2020, price continues to risk further decline. ...