Descending triangle pattern formation on EURUSD.
It is a classic reversal pattern and price consolidates around structure support setting higher lows.
The technique of trading this pattern is similar to any classic reversal pattern.
We wait until break and close below the support.
Then we can short.
T1 - 1.112
T2 - 1.106
just a dream~ continue stacking every month ;)
its a multi decade journey...
If the price of silver follows the monetary base, we should have a silver price of $61.6 right now.
Gold silver ratio:
on weekly chart GBPUSD is very close to a significant demand zone 2016th structure low.
there is a very high chance to see a pullback from this level,
so your plan for next week is to wait for a signal inside this area to buy a market.
Your target level is 1.239
next week on usd cad be focused on a rising parallel channel.
there is high chance that we will see a bearish breakout of this channel.
If daily candle breaks and closes below the support of the channel,
we can short the market.
Target level is 1.305
USDJPY is trading in a strong bear trend and now the price consolidates around 105.6 structure support.
IF bears break and close below this level on 4H chart, for us it will be a strong signal to sell,
expecting bearish continuation.
Target level 105.0
. IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. There is a possibility of temporary retracement to suggested support zone (0.2660 to 0.2045). if so, traders can set orders based on Price Action and...
on 4h usdcad is approaching a resistance line of a rising channel
formation of head and shoulders pattern on 1H chart confirms the potential reverse and drop to channels support.
I have shorted the pair:
T1 - 1.324
T2 - 1.320
DXY breaking out of possible 3-4 yr bull flag, we take out the 2015-16 highs look to top of RED channel 108.85 range breaks that channel then upper level to 2002 highs is possible 121. Over that well then for insanity 160? yeah I know nuts. But DXY USDollar "cleanest" dirtiest shirt syndrome. I'm looking for the demise of the EURO, look to BREXIT, Italian...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the...
Last week the dollar finally traded in line with fundamentals again, with the Dollar Index gaining four out of five days. There had been a strong bearish sentiment surrounding the dollar for the last couple of weeks, helped by key data points coming out unfavourably and when a currency is fundamentally bullish, but sentiment-wise bearish, the result is choppy...