As you can see on the RSI there is some bearish divergence, pull back has started. I can see it hitting the supply and demand zone in the red box then looking to load up to test the upper resistance and trend line around 9600. If we can close above that with a 4 hr candle there would be a good possibility to go to the 10k mark as there's not to much resistance...
Long On EUR/CHF!
Alright, so we can see this pair has been rising for a while now.
I strongly believe that if this pair breaks below the 1.18000 we could potentially see a short.
For now I'm remaining bullish as I strongly believe that we could possibly hit our targets!
We could potentially go long on EUR/NZD.
I see prices going down to lows of 1.70378, we could potentially see prices rise to the upside target of 1.76000.
Of course if prices goes lower than 1.70378 we know that this trade isn't headed towards our TP anytime soon!
What a day we had on Tuesday, we knew markets were weak but this was some fast action to the downside, we had one trade to the downside from YC and PP to YL, after today's we may have a little retracement, but markets are very weak.
As always plan your trade and trade your plan
As we said yesterday there still was some downside potential, we had some orders at YH but price never reached our levels, but we had a small trade off the PP to YC, and there was a nice long trade from S1 but we missed the entry. Moving forward, the market still weak, but we have a divergence in the 1H chart and that might push the market a little higher. As...
Here is a quick analysis on Bitcoins current state. I have drawn out what seems to be a forming bullish pennant. We have very strong resistance around the 9000 mark followed by an upthrust in volume over the last couple of days resulting in the bullish push. US Taxes were finished, media seems to be pumping certain crypto, as well as the Elites...
Hello everybody, the market bounce back from the 6650 zone, but we are still in short time selling, therefore we will keep an eye if prices rallies to friday's high for an opportunity to sell the market short.
Plan your trade, and trade your plan