Edg brokeout ressistance and growed up now price corrected to Support and ready to next rise impulse
So EDG is an interesting token working off of the Ethereum network which offers an edgeless online casino. They claim that they are waiting to launch properly due to them finalizing their Vegas casino license, which could come as soon as the next 1-2 months. If they manage to get that, they say that they will be able to work with fiat currencies which would be a...
Structure breakouts indicate an imbalance and as traders we need to understand the equilibrium of the supply and demand of currencies. Breakouts are high probability and are a great way to profit if managed with an edge. SHORT BIAS = FX_IDC:AUDJPY "Successful Trading Is 20% Skill and 80% Mindset" Rodz
Greetings traders! Put a short order on this pair as it could bounce of the 20 EMA and trendline. Doji candlestick and MACD divergence confirm high probability of the downtrend continuing its run toward the 1.4000 support area. Hope you liked this idea, thanks for the support and good luck!
As you can see , we need more price action to show us more clean direction.
I have a bar counter indicator I use and 8/9 bars is normally the max before some sort of change, if only for 1 bar. USDCAD now at that 9 bar level but we all know why. Also noticed the harmonic move at this level too. Might see 1.45 before any move the other way but it's worth keeping an eye on.
I see a great opportunity to go short on FX:NZDUSD . We have a very nice triangle pattern with very interesting key confluences: 1. Price has tested the triangle resistance once more 2. Fibs 78.6-88.6 (little one) 3. Fibs 61.8 (big one) 4. Nice shooting star candle. Our targets are: 1. Next triangle support level 2. Nearest structure support 0.6290 3. Fibs...
Dear traders, FX:USDCAD is moving between this big triangle recently, testing the edges. Here is what I think: If price comes to the edge again we should see the bounce and rally up again like it did several times recently. Besides at the edge we have a confluence of strong structure support (look left) and fibs 78.6. We have 2 potential targets, 1 @1.3250 and...
Days ago, it attempted to go down into the trend line but it failed to pass through a support line and created to what it looks like a double bottom. After that, it broke the trend line, but it returned back to the trend making it a false alarm. Right now, it is in a place where it can break down or up. If it goes down, it will try to test the double bottom to...