This is at strong support both technically and psychologically as it is at £1. I do not expect this to drop anymore from here, if it does then a quick bounce back should be expected as can be seen on the 21st December 2020. I have set TP at the previous high of 146.45 and then another target at 164 if it breaks the previous high.
The Euro demolished the Dollar for the back half of 2020 and retrace to some level makes sense. The market seems to have exhausted some buyers which is evident on lower highs and the failure to squeeze sellers from 1.2347. The dollar may continue to weaken in the coming months, however there is definitely a correction due. Based on analysis I see smart money...
The Idea is to GO LONG - Target Price 1.4 Pound LSE:RR.
EURGBP has broken a recent support zone. Wait for retest of zone and confirmation to go short. RR 3:1 Use minimal risk.
#Link bullish trend + Fibo + break out triangle channel
Trade idea on EURJPY. A possible 1:30RR trade. Type two Re-accumulation schematic. Will monitor price as it comes into my AOI.
The Idea is to go long - target Price 1.4 Pound - only if the 1.0 pound support level will not be broken in the next days. LSE:RR.
GA currently is below the bank zone of 1.800 flat. It showing signs of a downtrend and it just broke structure and is retesting the 8 MA. I entered with a 30 pip stop loss and 100 pip tp.
Gold price currently at lower trend line of the channel.
Hello traders! Price is currently heading towards resistance zone. Looking forward to short. SELL 0.70197 SL 0.71634 TP 0.66266
CRAB/BAT Vs BUTTERFLY/GARTLEY New entrants:- BULLISH DEEP CRAB/BUTTERFLY
We have a channel formed over the last 2-3 years and we have just tapped the bottom on the weekly chart and observed an almost perfect hammer with increased amount of volume compared to the last 8/10 weeks. If we look on the lower time frames, price decreased rather quickly, 22 days to the bottom vs. 33 days to the previous top of the channel. This leads me to...
Reliance RSI has approached nearly the COVID bottom. It had bounced up over 1200pts when it reached these levels the last time. If buyers step in, we may see a new base being formed. The stock has been a favourite for investors so far as it's given short-term returns that midcaps & small-caps can only dream of. In fact, it was one of the fastest recoveries from...
The Rolls-Royce (LSE:RR) share price has slumped to 84p. Today’s share price crash is due to over 6bn new shares hitting the market. Since each share now represents a far smaller slice of ownership of Rolls-Royce, they are all worth less today compared to yesterday. If you have 300 existing shares, for example, you have the right to buy 1,000 new shares at 32p. By...
Prices have been moving inside the channel and now that the prices are closer to the top resistance level the following Options canbe possible: (hold before going for one of the below options) Option 1 - 50% Only if the resistance level of 2.40 Pound will be broken Option 2 - 50% Only if the resistance level of 2.40 Pound will NOT be broken A Breakout of a...
Rolls Royce Stock Analysis - Rolls-Royce stock forecast today (week 19/10/20) - RR. Stock Analysis Hold for now and wait the right time to go long. it is too risky to get in now. Undervalued - Fair Share 3.83 Pound