I think it's time to short the dollar and buy some Kwacha.
Price perfectly bounced off the 200% fib level (K18.94 / $1) on the monthly time frame matching up the same price at 261.8% fib level on the weekly time frame.
Going long term, I am seeing a week dollar and some Kwacha appreciation.
I expected the Kwacha to appreciate to about K17/$1 and K15.41/$1 IF...
Howdy TradingView Family!
Hope you guys are doing well and having a great day. ACB and the majority of the weed stocks are being hit..and hit hard! However after seeing 100-200% gainers on most stocks its not surprising to see a 50% retracement. If any of us who have traded or invested in crypto in the past this is nothing, but all too familiar.
the following is an update on my previous fractal study.
The adjustments on the Historical Bear Run of 2013/2014 are mainly: volatility & length.
At the moment, accumulation is the main attraction.
Theoretically, August should bring us a fanatical bull flag and mid-September should be the real spring of the accumulation phase, ending the bear...
Dear Traders & Followers,
There is a possibility to go LONG from current price
to the level 1.4630,1.7240,2.1200 .
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Growing Forex Team
The CHF had a terrible week and EUR is already above 1.1116 (0.61% fibo level since big fall in 2015) in his path to 1.2000
Last weekly candle was pretty strong compared with the rest and pair is clearly overbought. In a monthly timeframe it will be relatively soon.
It doesn´t mean that price will go down immediately but it´s an interesting moment to keep an eye....
Since 5-6 weeks I became a great fan of Elliott Waves theory. However i'm pritty new in this. So I would appreciate ctiticism. ctiticism.
Here is a complex corrective structure ABC - connection to X and Elliot descending triangle corrective pattern. If I am right about that there is next IMPULSE in development.
IF the current move breaks the triangle and goes...
This is a trade with two entry areas. According to your risk tolerance, you can enter at the lower area which will in turn increase your chance of getting filled on this trade. On the other hand, the upper entry area reduces the overall risk of the trade but at the same time reduces the likely hood of getting filled. With the high probability nature of this...