Price was in overbought area, so we expect that price come down and touch the Kumo!
Trend is Bearish But I expect a correction till Kumo!
looking to go short on this chart pattern. Entry will be below 1.6800, Stops above 1.6887, targets at 1.6636, 1.6560
We have thoroughly analyzed the pair since Monday of this week on our website and video channel. Overall on the weekly and daily frames is in a downtrend. On D1 gave cloud test signal. On H4, the selling force is still dominating. If the support above H4 is broken, the futures of the pair will continue to fall.
Here's a quick macro view of the stock from Dutch insurer NN using Ichimoku cloud indicator. Indicated are the zones/levels of interest where we can be looking to invest long term. Note: this is my view and not financial advise.
According our observations, there are just a little more sellers in the market. Remeber we could just gauge traders which are not big players in the forex market. Most main important levels are 0.8690,0.8595 and 0.8520. We use the rest of them just for riskfree and saving profits. We'll long around 0.8595 and also we aim to short the pair around 0.8690. the...
We see a hidden divergence in Daily timeframe. I expect that price touch the Kumo!
I spent 2 hours and 30 minutes studying the charts and summarizing it for you. Please note that this is a plan and market entry conditions will vary from time to time. You need to consider the momentum of the candle as well. GBPUSD is still moving in the range of H4 but the general trend on major charts like Daily and Weekly shows that the pair is still in a downtrend.
After 26 days, I see a potential new run on Bitcoin. First target 31800 Second target 35000
From the 13th of July peak at 1.3145 to the 3rd of August the price at 1.2620 is 14 periods (14 days on the daily frame). Moving forward 14 more cycles will be on August 18 (+/-) Next is to calculate the price range...
Be careful with this trade because of the high risk during NFP news. Short at Kijun of H4 timeframe. Take profit to the recent low.
Short the pair below the cloud to full fill the intent of the market. Stop at 0.6635 above Kijun and take profit at 0.6470 nearly double.
Price reaches the cloud as good support on a daily. Go long from this area. Stop should below the could. TP as Kijun. Wish You good trading.
Gold is sideways on H4, currently at support on H1, buy in this zone and set stop loss below 1934, profit target 1962 - 1965.
As you see Kumo could support the price. Our target is top of the Kumo.
On the daily time frame, the index shows a bearish momentum. The weakening of the dollar showed from June and became clear from the beginning of July until now. My trading strategy is to sell on the rally. Now is a good time to continue selling on technical charts.
Boeing might just be giving head fakes for now although this one is has been forming a bullish flag for quite some time now and I believe that it could seriously breakout as long as 212 keeps holding on the stock.
The pair has fallen sharply since yesterday. Today continue to wait for the price to rise and then continue to sell down.