The HKDUSD has NEVER broken and closed above 0.12899 (approx) since 2007 when it was digitized. Therefore, even though history is not guaranteed to predict the future, it seems highly probable that price will fall. This is one idea to set your alarm for. I have set out 4 possible trades with varying R/R all over 5/1. I have defined extremely aggressive ideas...
The aussie has formed a huge rising wedge during last months, there was a fakeout las week and I think price could drop during next weeks of June. One of the first target is the 200EMA at 0.665 and the second target is (as you can see in the chart) is the 50% fibonacci retracement of the leg started in March. Australia-China tensions are becoming stronger and...
Seems like we may have a bearish continuation on OANDA:EURAUD
Hi. During the 132 bars (4H), the price of Bitcoin is in a constant downward direction : During this period, the status of blockchain data and major cryptocurrencies: - Nothing clear can be said, but Ripple is more negative in this process than others. Parameters : Position Size = %1 (0.01) Leverage = 50x Risk/Reward Ratio = 3.00 ...
A collaborative EU is a happy a Euro (Nobody likes a strong Dollar). The attitude has been Risk On for most pairs against the dollar but the Euro has been the big winner. The near term test is 1.12000 which it has briefly tested the European & Asian Session could see movement to Upper 1.12 level. However, Thursday and Friday big US news to keep an eye that could...
Don't be fouled by optimistic start to June 2020 be careful of any extension of current rally to the upside with obstacles approaching at 137.000 1. 200 Day - Daily MA (Blue) approaching at present testing the 100 day - Daily MA (Orange). 2. Fib Level at 0.618 will not stop Rally but potential reversal on fundamental pressure from investor attitude and BREXIT...
Since mid of March the price of BTC has over doubled compared to USD and for me it seems like a V shape recovery. Are we going higher from this levels? Possible, but I think there might be a better buy opportunity. The main reason, why I think the price can go lower (below 7000) in the future is because I see an Elliot wave pattern confirming on daily time-frame...
Took this long on eur/cad m15. Let´s go! Best regards, Becker Investments
This is a quick break down of GBP/USD. i love this setup for the week. this setup looks similar to gbpjpy couple weeks ago. thanks for following and comment if you have any question. like to support for more creation follow me @ www.tradingview.com
AUDUSD is breaking out of ascending wedge, which might indicate a correction move downside and a risk-on scenario. Aussie is currently trading around 17% higher since march lows and pretty much correlated with bullish sentiment in equity market. The first support level can be found around 0.6250-06270 price, which is between 0.23-0.382 Fibonacci retracement...
An obvious setup during a range bound market. We can see here that price has created a strong range between 1.09858 and 1.07798, and this is clear on my chart. As you can see, price is now at the resistance in this range and we can see a nice reversal pattern. Now, if price decides to move higher, then we would look for a solid break through of the resistance...
Looking for downside to first fib target. Quick UK session move. I wont go into why I am taking this trade. I do like this short setup good risk reward.
As I have already mentioned, in my previous analysis of the pair, the link to which you can find below, there was a potential for returning into the massive diagonal channel, which can be seen on the daily chart attached. The return into the channel was confirmed by the daily candle closing inside the channel, below the resistance area, which gives us a short...
Nasdaq - Here's an interesting analysis. When looking at the Index (1) and the CFD (2), we can make the case for an Expanding Diagonal for the first one and a Contracting Diagonal for the other. When making measures based on points and if we really want to follow all the rules for this Diagonal(s) to be counted as valid, price MUST GO above 9549.8 BUT MUST...
FX:AUDUSD has been in a strong bear market the past few years and the effect of the corona virus has caused it to test monthly support levels. With rising volume on the weekly timeframe we could expect a breakout upwards. I have set out my TP targets and SL on the sheet. Minimum risk:reward is set at 2:1 and Maximum Risk:Reward is set at 6:1 Fib Retracement...