GBPUSD has breakout from the expected retest the darkest zone post Brexit polls result. (Posted on 29-Jul-2019)
And now it breakout from the 1.22 zone.
History will always repeat itself (observed the zone between Oct-2016 to Mar-2017)..
Expecting GBP will repeat this bumpy route before able to turn out to be a "New" leaf.
Like my post, click agreed with me and...
USDCAD had a nice uptrend with multiple swings, and then created a triple top, showing us that the uptrend was exhausting.
The 1.3255 zone was what we were watching and we got the break below. 1.32 zone would be first take profit targets.
Bitcoin breakout expected!
Descending triangle formation is coming to a close with touches to break 38.2% fib level.
Volume has begun to slowly pick up with an engulfing candle appearing after a doji.
This is also after a consolidation after a pullback from testing the 78% level
Should expect a breakout to push upwards to 12,000 at least may see further.
Reason(s) for Trade:
Stock was moving in a channel range
RSI Positive Divergence
Channel Breakout with Average+ volume is seen
Buy if goes above 654.00
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The EURUSD has had a prolonged downtrend with lower highs and lower lows and then began to range at the support zone of 1.1065 which we get form the daily chart. It failed to break below this level to confirm a lower high on the daily chart. You can see on the daily chart we did make an engulfing candle.
However, I approach it with market theory. Markets only...
EURCHF is basing at an important support zone. Has had a prolonged downtrend and is now not making new lower highs and lower low.
Watching for a break above the 1.0915 zone here. Be wary of the wicks at 1.0950 as well.
We often read that technical analysis is foolish or that it's all bullshit and so on.
You know, at the end I started analyzing charts and graphs for months and at the end I realized that a statistic from the point of view of the realization of the trades is absolutely there.
What matters is where to position yourself, with how much to position yourself,...
AUDCHF showing us many confluences for a potential reversal play here.
First of all, when you go on the daily chart, you will see we are at an important support level.
Also, you can see price has begun to stabilize here and range. We have attempted to break through the 0.6650 zone three times and we shall see if this third test gets rejected.
I am watching for...
GBPCHF is showing an interesting sign or perhaps a reversal on the 4 hour chart. I must admit to be careful though due to the market volatility and geopolitical tensions...Swiss Franc is a safety play.
We have had a prolonged downtrend with lower highs and lower lows. We then began to range, displaying 2/3 market movements.
We broke above a resistance/flip zone...
Seems like everyone has been watching this range on the EURUSD. We did close slightly below the support but the break was not strong enough to warrant an entry in my opinion.
We are now re-testing the break. I will personally await for a close below 1.1170 or below the recent lows depicted with the black line. Remember a re-test really is confirmed when it makes...
Based on my point of view
- this pair is in compression zone where supply=demand
- this pattern most probably will break the top wedge and going to the fresh supply zone
At the Supply Zone
- wait for rejection/continuation at the supply zone. (Most probably will break it based on my point of view)
- if continuation forms, go long to nearest supply zone