We welcome all of our readers with this last day of the week analysis. Dax respected our zones perfectly yesterday. Today's price opens at yesterday's resistance zone and with a big ascending gap.
Resistance: 12 380
Support: 12 234
Statistics for today
Detailed statistics in the Statistical Application
The next trade is around the corner, you can have the best strategy but if your psychology is bad you are going to lose in every single trade. GBPAUD ready for a ride to 1.8500 monthly key level. Tomorrow we have fundamentals in GBP so be cautious and take good stop losses, remember that this pair is very savage some times and can kick you out of the market in...
Dumping my entire $100 leveraged portfolio on this scam. Hoping this thing falls to $0. But a realistic target is probably something like $50. But this is trading, greed is our friend. I think? So lets call this thing a scam and short it to $0. Please Arthur do not fail me.
Buildup led to proper break & double pressure (Similar setup to my oil trade). Bought the retest. I usually would put my stop under this whole h4 structure but here I'm testing if I am able to tighten my stop below a lower timeframe structure that initiated the break through resistance.
I think GBPUSD going to be bullish in the coming week and it can break the resistance and can reach the next one, Because in this timeframe it's simple following the bullish momentum and has bounced off the trendline third time.
BTC is consolidating for about 3 months. The range break will show us the next move toward bear or bull targets. Also if you are not a range trader it's better to wait for a range break.
Current range and other most important levels are defined on the chart.
4350 - 4550
6000 - 6150 (The god...
Looking to short CADJPY here once we break under the red line here.
That would be a:
- Break in market structure
- Break of a 4h/daily S/R level
- price moving under a breaker
This should all act as decent resistence.
Some confluence here would be:
- CAD futures look like it wants to die any moment now
- S&P looking like it want to go down a little o that means...
Very nice PA here - potential for a reversal in this area.
First entry is aggressive - second is more conservative
This pair has been putting in HH's and HL's consistently, and its very reasonable to think we will visit the upper range shortly.