Sideways trading over the weekend with a few squeezes, claiming false breakouts but with higher lows and lower highs we are witnessing the forming of a breakout triangle
This will break out this week starting 8th October
BUT which way????
going back to this chart and looking at repeating patterns:...
Chart time frame - H4
Timeframe - 1-4 days
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will find resistance at current levels at @ 1.324 - 1.3325 levels and move towards the first Target 1 level @ 1.2990
Entered @ Sign up for details
DXY is right at the bottom of an uptrend channel in MTF (D and 4H) + Fibonacci Retracement level 0.5 + Fib Fan level + Support area between 95.8 & 95.6
It can go on a bullish trend until 97.00
We should expect xxxUSD to go short and USDxxx go Long
USDJPY still downtrend on big frame. It ranging on smaller frame, but in my opinion, it likely to go uptrend when the price breakup (more information, you can check the arrows).
Recommendation: place the order when it break the wall. don't too much speculations with place order before it break.
Very strong short signal this time people. Bulls are finnaly about to get a load of reality. It is what it is and we can profit on this. After a year of waiting we have come to this point were the price can no longer support itself any more. The magic 6k support about to get broken and this time it's gonna be real ugly. targets are 5.5k/5k/down around 3k.
What's up guys. I have spotted a new EUR/USD trading opportunity for you.
With the results of the mid-term having softened the dollar rally - we can see several opportunities to long XXXUSD pairings. Combined with my technical analysis on the graph, this pair should look to rise to at least 1.16.
Set your Stop Losses just under 1.14 to stay safe and to minimise...