No need to explain, its just one of scenario possible in this coin. Entry: 0.0128 Margin Long Exit: 0.0148 then Shorting.
After the ECB conference, the EURUSD pair dropped after reaching last week gap. I am looking for more upside unless price pass previous lows.
Brearish Carb Pattern Completed on this chart
I think the silver is trading within triangle as wave iv and completed three legs and still D (down) and E (up). My strategy here is to sell silver and my target is prices near $18.8 then wait to complete wave E and again enter short position. if scenario is failed if price exceed A.
$USD is long and probably one can hold for few years if the dark green line doesn't breach. And sell when the historical red resistance line hits.
I posted earlier with my 107 USDJPY breakout trade (see attached post) - one of the reasons I said to long USDJPY on the 107 break-out was due to JPY Govt stimulus speculation. In the last few hours we have seen fresh speculation of the JPY stimulus, with JPY20trn now being discussed/ proposed to be on the table - this renewed rhetoric is nothing but positive for...
Ichimoku 1 hour chart for GBPUSD : The LS is in the cloud and price crossed the cloud while downtrend through a thin part of the cloud, and now price is under the TS. Will LS encounter a resistance of the SSA line of the cloud => That would induce a bouncing of the price on the TS and confirm a bearish trend. If not = If LS can get over the SSA line of the cloud...
FOMC Lockhart was the 4th Fed this week to imo be relatively Hawkish with his words, most notably reinforcing with the others brexits near-term stability saying "Doesn't Expect 'Brexit' to Have Near Term Impact on Economy" and " So Far 'Brexit' Reaction Largely Orderly". Most interestingly though was Lockharts view on the FOMC's positioning for future rate...