further to my morning analysis, could gain 130 pips in short position.
After reaching to the top resistance zone, going in to the bearish channel.
After breaking bullish channel (which was started from last week September) with a sharp bearish movement last week, price seems to shape a triangle that is between resistance zone on top and bullish trend on down. We don't see much difference between supply and demands that will guide us to wait till buyer or seller shown up with the stronger weight in market.
Yesterday's price action was a great example of the rational behaviour of the market participants. As we mentioned in our analysis yesterday, the zone around 12 592 was important for establishing further price development, with the break outside signifying the continuation in that particular direction. Dax oscillated the entire European session before gaining...
overall market sentiment is down even though we are in a nice upward trend reversal i see the bears coming into play over the weekend. Huge scandal WireX connected with Crypto.com, Dow jones down -730, Covid-19 Second wave All time high cases reported, Texas relocks down, EU bans americans. Not financial advice, DYOR Ready to accumulate, stack the bags. ...
HINDUNILVR showcases the onset of the downtrend with the current gap down opening. The stock was in a bullish uptrend followed by a consolidated between a span of two weeks in the 2090-2130 range. The current level (2085-2090) can be termed as both resistance and support because the price is trying to break above it. If price closes above this level as of today,...
Madness cannot even begin to describe what three major indexes went through the past few weeks. Fastest 30% drop ever, followed by equally insane three consecutive days of massive gain last week. It felt like the whole stock market was going through the crypto type of rollercoaster ride! One question remains in every investor's mind... Have we reached the...
When the whole town runs for risk bets man how the hell might this yellow metal shine?
Short @108.500 JPY with target @107.500 JPY or maybe lower (use Trailing Stops) and conservative stops at @109.000 JPY. There are 100 pips to be made in this trade with a stop of 50 pips and a reward-risk ratio of minimum 2. For explanations, watch out for my posts coming later.
Please read the entire blog post to have a better understanding of what's going on in the USDJPY chart. As I have mentioned earlier in a few of my previous posts(ideas) , that the pair of FX:USDJPY shouldn't break the significant low that's made on 24th Sep 2019 if we want to stay long in the pair. But, what did the USDJPY do? (The charts above...
This is the analysis for 4 Hour Chart of FX:USDJPY *TREND ANALYSIS* - 1) The price of the above-mentioned pair made a significant low on 24th September o'19 which has not been broken yet. So, it can be assumed that the BEARS are still not in control of the market yet. 2) The price is below the MAs , but the short-term MA, represented by the blue...
I Don't Know If This Is Possible or Not But BTC Weekly Chart is Really Bullish
Hi everyone, Welcome to an update on Litecoin. Litecoin looks bullish to me, even after having corrected 47% from the June 2019 highs. My main argument in this idea is that Litecoin will continue to be bullish after the halving event (tomorrow) because everyone is looked at history and thinking that Litecoin usually crashes after the event, "buy the rumor,...
NZDUSD - Expecting a New Bearish Leg Read more...
USDCAD - Playing with the Bullish Sentiment Read more...
I gave you a warning in my last update, and I hope you didn't get trapped like many people did. We have seen first Longs and then Shorts getting killed. The BTC-Market is extremely difficult around 8,000 USD because of super high juicy liquidity pool, which whales are trying to take advantage of by Stop Hunting. We cannot ignore this - We gotta go with the...