EURUSD reached 1,1000. This is key resistance and we will watch to see if it has the strength to breakout. No grounds for trades on these levels, so it is better to wait. We will consider buy trades on correction and pullback or after breakout of the resistance. We will consider sales after grounds for a trend reversal.
Another important news is due today. This is one of the most important news in the recent months and always has a great fluctuations. All active positions have to be with reduced risk. We’ll be looking for new trades after the news, depending on the movement. Currently, EURUSD remains without trades. We’ve determined two scenarios, with a strong USD we will...
Yesterday we saw drop to 1.0830 and recover. Current levels are important resistance from which we may see a pullback. We will look for new EURUSD trades after tomorrow's news. Targeting support and retracement will provide entry opportunities. We do not consider trades at these levels and prefer to wait for confirmation!
Looking at the current market conditions I can say the marketing is creating HH and HL, currently, we just finished a retracement and are about to start an impulsive move to the upside in the hopes of respecting the support and resister of the trendline.No much more to say here.
Expecting a swing downward. I'm dislplayed on this 30m chart all passible bearish correlations. No doubt about the price action ahead. Daily overbought condition. I'm expecting sell-off.
Linde India stock is creating its move now. This story started unfolding when it crossed 5th Aug high on 16 Feb with rising volume. Current Hourly & 15 min TF looks promising. It'll be interesting to see whether it will cross it's old high of 4190 & create a new Life Time High in days to come.
This Stock is creating repeated Necklace patterns, i.e. rounded bottom in follow up manner. When such stock tries to reach higher high or tries to defend lower levels repeatedly, it may touch its past glory i.e. its previous Life Time High & explode further. This chart is for study purpose & not a buy call!
The downside movement continues and yesterday we saw 130.60. Tomorrow and Monday are rest days for most of the markets and no movements are expected. Before such days, it is advisable to reduce the number of open positions and the risk of them. Therefore, we are looking at closing some of the profit on USDJPY today and looking for new entries early next week...
Yesterday we commented that we are not looking for an entry on the EURUSD and are looking at other instruments with clearer movement. One of these instruments is USDJPY. The 133.10-133.20 sell zone was determined by a Fibonacci retracement. A 180-pips decline followed, which we expect to continue. All stops can now be placed above 133.20 or at entry...
HOORAY! I am extremely proud to earn my very first $50 bucks trading on the markets! Now that I've gotten that out of the way, I'd like to share my experience trading this pair over the weekend, as well as give you some feedback about myself while in the live trade, because it may help someone like you out there in the future. Since I started working closely with...
Yesterday EURUSD rose above 1,0900 again and didn't provide any entry opportunities. There are no grounds for new trades today. We will only look for new selling opportunities on a break of a previous low to confirm a reversal. It is likely to see higher values before that, but there is no reason to buy at these levels. During this time, we prefer to look at...
• TSLA did a false breakout from the $200, and this key point is working as a resistance again today. The $200 is our most important key point, as I already mentioned in my previous analysis (link below this post, as usual); • Today’s movement is rejecting Friday’s candlestick, which was a powerful candle that broke the $200 resistance. This gives the impression...
On Friday EURUSD failed to breakout the top at 1,0933 and pulled back. It is now heading towards the low of 1,0724 which is the first support and we will watch to see if will break it out. We continue to look at sales opportunities only and look for confirmations in that direction. As we mentioned on Friday, we are looking for opportunities in JPY crosses and...
Price retest 1.124400 area three times. this is the third time and a rising wedge is spotted around the resistance area, indicating the reversal of trend. Stop loss is 70pips, target is 340 pips Risk to Reward radio is 1:4.5
Look at the recent high...an eveloped high bar (top band) and an inside along side it. While considering the moving averages crossing bullish, the bear signals are evident; bull with caution, if at all.
It's NOT Perfect, but would you say NO to 309pips of Profit Potential? The Bearish 5-0 Patterns has completed on the Daily Chart(right), the doji candle looks great for aggressive trader for a shorting opportunity, the RSI didn't went overbought, and that cause this setup to be not as perfect as we want it to be. Alternative ways to engage the trade, is to wait...
If you are in trading for a good 10 years, you would understand the effect of the Safe Haven Currency. And this is 1 of the reason why I've been waiting for a buying opportunity and finally the long waiting setup is here. A Bullish Shark Pattern completion at 132.12, I'll be waiting for a Candlestick Pattern confirmation before engaging the trade.
All week we’ve been looking for reasons to sell EURUSD but we have not received any. Today is the last day of the week, month and quarter. This may lead to more profit taking and position closing. Often start new trends this way. Therefore, we will watch for opportunities to start a clear trend in all instruments, with JPY pairs remaining the priority! On...