GBP/CAD (more on our IG page - TWTI.trading) Heavy manipulation to the upside, wiping out many traders at 1.76400 and 1.77380! Patience and Timing were key to avoid heavy losses. Our team were in at 1.75837 but with stops carefully placed at key levels which kept our position in the market while other traders faced heavy losses. Target 1 +160 points Target...
EU has been in a ranging downtrend price action shows its currently approaching a key resistance level, will be looking for a touch to the 1.3600 level and then after should be a good entry for a nice short in for 230 pips
Looking at the 15 minute candles a baby cup and handle has formed
We see a Doji forming after an uptrend by h1 chart + some other signs which I have drawed on the chart. Comment your thoughts below :)
We see a clear trend and also a bounce off at fib ~61.8 level combined with higher highs and higher lows. potential new higher high forming where our tp is. Leave your comments below, read them!
SPY hitting oversold on all time frames leading up to the 4HR. A lot of "bears" in the market. What i am seeing is a consolidation phase after hitting 40-70% gains on nearly every stock on the market. Granted this was in tandem following a -50% market decline from Q4 of 2018. Again what must come up must come down. A lot of people are thinking a major market...
Simple continuation of the h4 bullish structure. After respecting a sig level @76.33 we can see a profit take occur which has caused a short term snap back to our potential entry price @75.60 we will asses price action at this price and anticipate buying pressure being added on the basis of the ascending trend level being re tested this will give us confidence in...
AudUsd, Elliot wave triangle, Monday while bank holiday in USA Aussi Dollar was consolidationg earlier london session just around 0.71500 and as Dxy getting back strength and china usd deal is in progress, this pair has chance to break 0.71000 level.
Broke out of channel. Should be seeing bottom target being hit. Will take profits at that level. If we get a bounce from that level, will go long from there. Otherwise, will short to the red dotted line.
Pending Order: Sell AUD/NZD 1.0620 TP: 1.0610 SL: 1.0630
XLM on the daily looks a little bearish now. RSI starting to drop, MACD momentum is evening out and I expect a crossing over in the few days. The first red candle has appeared since October 1st. Unless we see a big rally I can see us slipping further down as outlined in my last analysis.