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Like I posted earlier in previous setups, I am bearish on the Cable due to potential $USD strength. We should see some downside at least till 1.24500s.
Good morning traders! This is my first trade for today: USD/JPY M30. Looks like a double top with a multiple wick rejection. Let´s go for 1:3 RR! I´ll manage the trade according to my rules.
Feel free to message me if you have questions!
Best regards,
Becker Investments
NZDUSD 4H: risk/reward favors BEARS(NEW)
🔸 Summary and potential trade setup
::: NZDUSD 4hour chart review
::: closing on range highs now
::: 6150 TOP of trading range
::: reversal possible 24-48 hours
::: Short sell from HIGHS
::: using tight SL 0.6268
::: strategy: short from 6150
::: TP (0.5940)
Let me start off by saying I hope each and everyone of you are safe and healthy. Some of the craziest s*** has happened within the last few weeks including oil futures going negative -44 per barrel.
While everyone is distracted with the FED throwing in fridge after sink and the economy halting, a lot of people seem to have forgot about earnings. Knowing earnings...
So the eurcad has been in the expansion phase over the last 3 days and it has already retested the support line and now it's back above the middle line and we also have a buy setup forming so we are looking for this market to go and retest the highs and possibly reach our target at the 127.0 Fibonacci extension!
Any different views or comments are...
The rebound from 101 continues and the market got to the within 10 pips of the trendline. The bias is on the upside and if we break the trendline and get a buy setup then the upside will be confirmed.
Levels to watch out for;
1.) Previous structure high which will now act as a minor resistance @ 112.20
2.) Resistance at 114.60 (Oct. 2018 High)
3.) Resistance at...
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Ripple has encountered a minor resistance and I think it's about to continue its descent back to the previous lows. It will a very good idea to go long on ripple if it does break the previous lows. It's currently in a corrective pattern which likely make its way down in the medium term.
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So we finally managed to get a slight rally from bitcoin in the past few days and now the market has into previous structure support turned resistance and I think we will get a slight pull back before we continue going up. Now how low this pullback with be is anybody's guess, we could go all the...
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The last few days has been really hard for the pound because it's been taking a huge beating from the dollar and we are in a situation where I think the pound will make a slight recovery until it gets to the trendline or the previous structure high and then the dollar will start swinging again so...
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Gold has been in a steady decline over the past few days and now it looks like it has reached a minor support zone so I there could be a reaction at this zone, now the question is, are gonna make a complete U-turn and go back and retest the previous highs or will the market just make a slight pullback before...
This is a bearish market but i'm hoping for a little pop so lets see if the market will give us that little move up before it continues its bearish move.
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Do I really need to explain this?? I shouldn't but I will anyway! So this market has come out of its contraction phase and now it looks like we are heading up so let's see if i'm right.
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