Leaving same 4 hour chart from yesterday here and if you actually zoom in on smaller time frame (5-15 minutes) it is much clearer. But yesterday we were watching for a potential bear flag as well as watching our 12 EMA serve as resistance.
The bears made an initial bear break but overall was fairly weak and a fairly quick recovery by the bulls to buy things back ...
GBPUSD Opened higher, but this caused the pound to retreat from a strong zone of resistance, previously tested at 1.300 zone.
Overall bias of a bearish trend on the higher Timeframe suggests Bears could continue their push further to the downside towards 1.2850, 1.2800, until support zone of 1.2700
At very low levels, it won't be lower.
It's not going to be lower.
A similar possibility should not be neglected.
As long as the level of 4000 cannot be exceeded, the possibility of targeting the 940 level should not be neglected.
ETH dropped below the 20 day low as shown on the chart (pink box). Position 1 has triggered at the levels shown with a 1N position size. P2-P4 will trigger if price drops to the levels shown.
Stop Loss is set at 2N above P1 at the level shown. Exit level (yellow box) is below the SL so is active.
I will post updates below, so please smash the like and follow ...
Stock Markets in general look to have topped for now.
Observing the S&P500 because it has been the most bullish.
After an impressive bounce, it is coming due for a pullback.
Due to Gov shut down and trade wars, we should see a leg down.
This index has already touched and failed at two resistance zones.
The Green zones represent support areas, where bonces will ...
The British pound has recovered early week losses against the US dollar, after UK lawmakers proposed a bill to stop a no-deal Brexit. The GBPUSD pair is probing towards the pivotal 1.2890 level, ahead of the release of important jobs data from the UK economy this morning. Bearish MACD divergence is being created on the four-hour time frame, as price is currently ...
Ethereum sellers are struggling to break the $110.00 support level on Tuesday, despite the third largest cryptocurrencies bearish start to the new trading week. The RSI indicator on the four-hour time frame remains close to oversold, while the Stochastic indicator on the mentioned time frame remains inconclusive at present. A clear break from the $110.00 to ...
The euro currency is trading in an increasingly narrow trading range against the US dollar on Tuesday, as the recent bearish selling momentum starts to ease. Further losses in the EURUSD remain possible, although sellers are struggling to hold price below the 1.1360 level. Traders are also starting to become cautious ahead of Thursday’s key European Central Bank ...