The pair has currently hit a Lower High on the 4H Channel Down (RSI = 51.755, MACD = -0.001, Highs/Lows = 0.0000) making 1.13540 the most suitable sell entry on 4H. Since the Channel's Lower Lows have a -0.34% difference, we expect the next Lower Low to be also -0.34% at 1.12300, which is our TP.
If that fails, on 1D the most suitable sell entry is at 1.1415, ...
The pair is trading within a 1D Channel Down (RSI = 37.117, MACD = -0.009, Highs/Lows = -0.0025, B/BP = -0.0105) on a very steady pace that is technically looking for a new Lower Low near 1.22500 (which is the 1W support). Although it is past the 1D support we will take a safer short term sell with TP = 1.23950.
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The pair is trading within a 1D Channel Down (RSI = 39.482, MACD = -0.005, Highs/Lows = -0.0009) that has just priced its Lower High. Technically it should break the December 10 low of 1.1000 and make a new Lower Low but the August 18 1D support is directly beneath at 1.0986. So we are only taking this 4H Lower High opportunity to short to 1.1026.
We have a continuation pattern on the GBCHF called Bull Flag.
To confirm bullishness we have to get at least 1H candle close above the bull flag and above the red trendline.
Last weekly candle got a pretty nice rejection from the bottom - Double bottom formation - and now the breakout from the bull flag will confirm that next leg upwards.
A possible ...
The Federal Open Market Committee (FOMC) is expected to unveil another rate hike this Wednesday, December 19th 2018. Probability of a rate hike is quite high, as a neutral or easing federal funds rate would indicate "a need for stimulus" in the U.S. economy (God forbid the FED indicates weakness in the economy while the stock market is sitting just above critical ...
The Dow Jones Industrial Average (DJI) is preparing for a huge drop, according to the chart above, let's take a quick look.
On the chart:
We can see that a new high was created on the 3rd October, which was quickly followed by a strong drop. Even though the Dow Jones created a new high, the MACD and RSI are going down, this is bearish divergence and a very ...
Looking at the RUT chart, I can see that a strong drop will be coming, this can be around 25-35%, but it can vary depending on how the markets develop.
The last crash happened back in 2008 for a huge 60% drop. We can expect something similar to happen now as support is found on EMA200 (orange line).
The bearish divergence is clear once again, if you take a look ...
Sell Stop @ 1.12890
Stop loss @ 1.14350
Target @ 1.11300
R:R = 1:1.09
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The analysis is made based on order flow using Volume Profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, ...
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Enhteer lin 1.2333 onli or pure trache = YU.
No entrerin if major dumpe supère sellof or pure trache = YU.
I called the previous big drop:
Down-trend unfolded with overlaps.
Elliott Wave Analysis
EUR/GBP labeled in an Intermediate degree (A)(B)(C) (red) sequence.
- Running Flat in Minor B (blue), sub-wave of Intermediate (A) (red)
- Expanding Flat in Intermediate (B) (red)
1 - Expecting a ...
The pair has been trading on a strong 1W downtrend (Highs/Lows = -0.4121, B/BP = -0.5351) that recently appears to be slowing down. This may be an indication of a support on the 1W level (6.2070 - 6.5610). However a sequence of repetitive Triangle patterns illustrates that at least a -3.54% decline is expected to follow the completion of the most recent Triangle. ...
The pair has been trading within a 1D Channel Up (RSI = 58.527, MACD = 0.260, Highs/Lows = 0.1893, B/BP = 0.7780). The specific identical patterns illustrated with the ellipse, show that further uptrend follows after those are formed. We estimate our long target at 115.00.
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The pair broke the 1D Channel Down (RSI = 52.138, Highs/Lows = 0.0416) and entered neutral condition for the first time since early September. If the 5.54000 Resistance is crossed then it reenters into bullish territory and should look for 5.87030 at least.
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The pair has been trading sideways within a 1D Triangle (RSI = 49.782, ADX = 18.256, CCI = 16.9931, Highs/Lows = 0.0000) since early November's 1.1215 bottom. 4H is on a Channel Up that made yesterday its Higher Low and is currently rising. However its upside potential remains limited within the upper trend line of the Triangle below its 1.1440 previous Higher ...
EURUSD has been on a strong downtrend since the 1.2556 February High. As we speculated on a previous study, it eventually formed a Channel Down on the 1W chart (RSI = 38.832, MACD = -0.014, Highs/Lows = -0.0056) that has only recently broken through the 1.1300 Support. The 1W chart displays that this Channel Down is on a mirror symmetry with the one that took the ...
The pair has been trading within a Channel Down on the monthly chart (RSI = 42.888, Highs/Lows = -0.0176) but is currently rebounding after making a 1.04340 Low this week. This is the strongest bullish sequence on consecutive candles since its last bullish leg within this channel. That is an indication that it may have priced its Lower Low earlier, instead of the ...