Aggressive trader can place sell limit order, if not wait for reversal candle. Reward to risk is 4.5 : 1
I don't personally trade Bitcoin, but we were talking about this is our chat forum earlier and wanted to share my thoughts. We've just had a nice bearish Head & Shoulders completion. which is a classic reversal pattern. Price has broken the neckline and the question that we want to ask ourselves now is "where will it stop falling at?" Starting at the 8K level is...
Today's FOREX TRADING video takes a look at a trading opportunity on the EURUSD that should look familiar to you. After all, it's almost identical to one of the ideas that we shared with you a few weeks back. Akil
Today we have GBP CPI y/y data to be released. Current concern is the pace of CPI growth in the UK economy, as expectation for CPI is at 3%, which is above the 1-3% range. In the usual circumstance, as inflation increases (especially beyond the target range), the tendency is for the Central Bank to increase interest rates. However, I do not think that the BoE will...
A counter trend opportunity could arise on the AUDUSD. As it approaches the 2015 & 2017 high of 0.8070, a reversal with very good R:R could be likely.
Pretty decent confluence zone for a CT trade and later on probably next week for a trend continuation trade
I just went on the page of Diankemala. There are people still waiting for some update. Oh god. I think she is on the Bahamas with a pineapple cocktail in her hands. If you really don't know what to do with your falling einsteinium it seems to come back slowly. It was in a falling wedge over the last month and now it seems to decelerate and be ready to come back...
Happy new years traders! Here's a trading opportunity that is on my radar for this week on the $USDCAD
Please like and subscribe if you want more analysis from me... Brexit talks came to the second round - if some positive news will come out from UK or EU - it will push GBP higher. This pair touched strong Fib Level and Major Uptrend line - very strong set up for Long position - however wait until something get broken.
Here's a look at a simple structure based trade on the GBPUSD and a few ways in which you can take advantage of this opportunity.
Please like and subscribe if you want more analysis from me... I will appreciate that. The U.S. dollar gained against the euro on Thursday after the European Central Bank raised growth and inflation forecasts for the euro area, but stuck with its pledge to provide stimulus for as long as needed. Draghi maintains accommodative stance. But US dollar is weak as well...
On higher TF PA is above 200ema. Now market is in range and I am looking to long if the next candle in H4 close more than half of the body of previous bearish candle. If price break below the support level this analysis is invalid. 3RR
There is a retest at support 87.53 and market seem to hold there. Waiting for confirmation to long
The US building permits is forecasted to be 4.0% today which will have a good impact on the currency and it will give you a good entry point, a good entry point will be between 100 to 300 pips above the resistance line.
Price broke ema and trendline with strong impulse leg. Price is overall bullish so risk is small. Wish you well guys :) Forex Swing Traders
Hello traders, I'm noticing USD/JPY 0.10% is testing a major overhead resistance level dating back to May 2017 for the third time. Each time this level is respected price proceeds to make quick moves to 110.000 (check out daily chart .) This stance contradicts my current understanding of market direction. My expectation is XXX/USD pairs falling with the EUR/USD...
i think its the end of the trend .. 5 wave move to the upside and now we need to see some type of correction... wait for the right price action before taking any trades