Hi Traders!
EURUSD continues its bearish outlook as the market is now in a descending channel.
Here are the details:
After the double top on the higher timeframe idea (see link below), the market looks to have run out of steam to break the resistance level, which provides additional opportunities for short entries to target the support level at 1.08860.
We are...
Time Frame: 4H
Symbol: JPYUSD
Entry: 0.007434
TP: 0.007192
SL: 0.007643
Bias: Short
The way is clear that the price level will go down further creating a better selling opportunity. It is difficult at this situation to keep pace with dollar and therefore the major bias will be bearish and which will have some promise to create some short opportunities.
CAKE is off the 21.5 support and moving up.
Forming Cup and Handle on the 4 hr and 1 day charts.
Major resistance would be at 30$ (previous ath, also a psychological level).
Potentially targeting 40$ area.
$AMC is starting a round #2 squeeze as well. I think it can bypass at least $15, and it is interesting to see how this plays out. I'm not sure I would invest, but more then likely I will at least spectate from the sidelines and maybe root for WSB. That said, please do your own due diligence. Invest at your own risk. Everything I say is on an opinion based basis.
ENVB and AEZS has positive sentiment to pickup, and some people are turning to AEZS out of excitement of a potential VXRT-like rise. DRCB is a decent entry for a long hold or a short term swing. WTI looks like it is going to go up w/ increased demand in gas and was previously oversold prior to picking up support levels. JDST will grow off of precious metals...
