Recap of how the RSG performed with the POP alert. Values higher than 62 would be a point to hunt for position, Or do not do "traditional" iron condor. Value below 38 shows the move is over, need to consolidate. Value below 25 would be, time to consider reversal plays for a short term.
gbp buy position against yen. Target -> more than 450 pips. Cheers, EnjoyForex
Chop derived indicator, RSG is showing a larger level. All vertical lines are ready to pop situations. We are on another ready to pop scenario. Remember - This is not a directional prediction. This is merely another way to look at Squeeze and align another indicator with similar concept to select a good ticker. Enjoy
Based on the pattern formation that starts looking like a H&S that lines up perfectly with fibs and trendlines i dont this might play out?
NZD/USD might go up next wave another scenario Target will be 0.7270 stop will be .6830
descending channel on monthly. Middle Line crossed down-side. possible Supports ahead 1. 1040 which is previous pivots, fibo bounce zone (127%). 2. 950 which is the channel bottom line and stronger fibo bounce zone 161% golden percentage.
It is all about probabilities! Watch the resistance and the market will tell you what will happen.
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Hey guys! Found a really great short coming soon! What influenced my decision: -Weekly is on a good,healthy downtrend -Price is about to hit a REALLY strong resistance area on the Weekly Chart at 0.74749 -38.2 Fib level beautifully joins with the strong resistance area (0.74749) - Price is in a corrective wave (or at least it looks like it) Have fun trading...
NKY looks really ugly now. I am shorting it You don't have to.....but save your longs until more reasons to go long emerge
Same Post as before but just on daily outlook, I'm personally with #1 but here are my 3 strong resistance area/zone in confluence with the zones you see on the chart in which I may see a reverse back down. #go #bears
Hey gang! The GBPCHF Head and Shoulders pattern I posted 2-3 weeks ago have broken through! Wait for a retracement back to the 38.2 level at around 1.42000 before trading. What I used to determine my action: -38.2 Fib Level -Major Resistance Level -Whole number resistance (1.42000) -Head and Shoulders Pattern -Recently reversed uptrend
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