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EURUSD FOREX BREAKDOWN 19 MAR 2019
Strong bullish movement and instant reaction at our levels!
Very strong bullish price movement last two weeks, we need a pullback now!
Bearish moving market with several pullbacks of over 50-60%!
ENTRY @ 1.13610
SL @ 1.14255
TP @ 1.12875
Clear sell possible on D1 overbought RSI SPX500.
We don't see a trade deal CHINA/US.
We don't solved the BREXIT case.
We call long bad economy data.
Under this circumstances I see this as another algo fake long D1.
Target: 1 2796
Target: 2 2764
Bitcoin on the 4hr timeframe shows a potential drop from a rising wedge formation.
Currently there are multiple moving averages supporting the move upwards, but eventually a drop from the falling wedge is likely as the $4,000-4,200 area has shown significant selling pressure. The most likely scenario right now is a pullback towards the $3,700 region to re-test as...
EUR/USD as we can see has hit a major top trendline, if we get a rejection we should be expecting downside. We can also see that it is currently hitting the bottom trendline, looking a bit to the left we can see that it had the same structure as before. A clear downtrend can be stopped due to the lower lows and lower highs. If the top trendline is broken then this...
• Investors are focused on the Fed to see whether the central bank will affirm its commitment to “patient” monetary policy and for clues about the likely path of U.S. borrowing costs.
• We have numerous announcements coming from the FED tomorrow morning at 5am (AEDT), we are expecting interest rates to be kept on hold, however the ‘Dot Plot’ could...
H4 - Price is nearing the top of the triangle pattern.
H1 - We have a critical zone that has formed based on the fibo levels of the cycle and the top of the H4 triangle pattern.
We may now expect one more push higher towards this critical zone with bearish divergence to form.
We may then start looking for sells with more bearish evidences.
D1 - Price reached the downtrend line, if we didn’t get a valid breakout here, we may then expect the price to respect this trend line and move lower again.
H1 - We have a critical zone that has formed based on the cycles and the downtrend line.
Price has currently reached this zone, we may now look for possible sell setups in order to join the bears.
Now we are seeing a decline in the pair amid expectations of the Fed decision on the interest rate. Summary technical analysis indicates a purchase. However, we believe that the pair will go down to the levels of 1.32 and 1.3135 as it is now fixed below the MA (36).
Therefore, we advise you to take short positions in a pair and set take profit near the above levels.
H4 - Price has reached the magnet zone formed by the fibo levels of the cycle and the top of the channel, bearish divergence.
H1 - Price has reached the critical zone.
We may now start looking for evidences of bearish pressure in order to join the bears.
H4 - We have a critical zone that has formed (based on the fibo level of the cycle and the daily trend line).
Price has created double top with bearish divergence.
We may now expect one more push higher from the current zone towards this critical zone and then we may look for possible sell setups.
On the 15 minutes chart of SPX500, we can see very clearly the divergence between MACD and the price records, the divergence on MACD indicator is not a signal for me to sell, it just tells me that the uptrend we can see on the 15 minutes chart is powerless, there are 2 options I'm waiting for to sell.
1 - if the price will breakout the support below I'll look for...