EURUSD has a really nice and strong rally yesterday, when the price move up it creates two fresh demands, the one below us is a great level for buy position in order to continue the short term Bullish momentum, at the moment, the price just reach that demand and if it’s not too late, it’s a great opportunity for short term buy position, on the other hand, if the...
Moving in side the triangle pattern.
If price will break and retest the lower line - around $60.70= Short (Major support at $60.25)
If price will cross and retest the upper line - around $62.70 = Long (Major resistance at $63)
Always make sure you take at least 1.5R on your risk.
Feel free to leave comments and suggestions below!
Hoping to keep this fairly simple. Firstly, I'm posting this as a direct response to poster MrRenev's OP in which he mentioned cryptocurrencies, bitcoin, ICOs etc should be illegal. It is obvious in his post that he's trying to create FUD pretty desperately, because he mentions things like 'crypto trading is not halal/kosher' etc. among many other things. The post...
Usd Jpy dropped massively and since then it's been moving in a specific range. After having two rejections on the bottom support line, I expect a small break after that a re-test and moving up for about a 100 pips. 2 TP's placed within.
Any questions - send them over.
A head and shoulders pattern has formed on the 1hr charts and the resistance level has been respected. If looking to short wait for the neckline to be broken then enter at your own risk (Remember trade with confluence and manage risk properly)
ETH / USD Price Analysis: Bearish Inertia
Ethereum has a negative-to-neutral outlook as it continues on its bearish pattern. Bulls will need to work hard on this pair.
Ethereum has a neutral short-term trading bias, with the ETH / USD pair testing back towards its 200-period moving average on the four-hour time frame
ETH still retains its bullish medium-term...
Potentail outlook for USOIL if it is a bears market, have seen price break market structure now wating on corrective structure and then a further push to the downside would want to see wekaness in the 4 hr chart one price touches my level to confirm futher downside
For the long terms, the EURUSD is bearish, The USD get strong against all the other currencies almost, in the 1H chart there is a great supply above, that supply can be a great continuation level For sell position, in the weekly chart I marked the demand at the bottom as the final destination for this bearish momentum, this demand will be the long term target for...