LBC Had broken the trendline and was going down. It also broke its first support which has now become the resistance. So, It has got the strong support in the green zone where it will consolidate. It may also fall from that zone to the green zone underneath. If that resisting trendline breaks then we are gonna see a blast. or else in case of BTC pumping it will...
This pair is on short long term however for swing traders, you have opportunity to go long at your precedence. However note that the market has it's own mind and might not necessarily follow the swing patterns however the key to note with this pair is first of all it's bearish long term and it's a trend. Secondly the point C on my chart if the market respects the...
Hey Guys, ONLY IF ETHUSDT goes (WITHOUT breaking the highs at 242.42047740 first!) we like to buy it at the 100% fibonacci extension. When the market breaks above 242.42047740 highs we gonna delete this pending order! We dont like selling it. Hope that helps and trade with care Cheers
So, we bounced before and on the 4th as expected. But now we're up against that $2600 ceiling again and can't seem to close above it. As we continue to struggle with these upper levels, it is becoming increasingly clear that the market is not willing to do much more here before BIP 148 on August first. I've said all along that I'll remain bullish as long as we...
Hi traders, I hope you're all having a wonderful weekend. Keep an eye on USDCAD for next weeks trading. I am expecting further weakness into the lows. Best regards, Tom_Killick
SHORT TP 1 - 30 TP 2 - 60 TP 3 - 100 PIPS
Hey guys today I bring you this awasome trade! If everything goes well, the target will be accomplish soon :D
Hi everyone! I love your support! I am Bearish on EURINR based on patterns on the daily and weekly chart. There is a European central bank rate decision in a few days which will decide the direction of the trade and bring volatility into the market. Important zones of support at 73.70 have been broken and a retest of that level can be expected before price moves...
Some traders think that fundamental analysis is better then technical. But to my mind they are wrong. Let's look at this chart and try understand the power of technical tools. We have a blue trend line which was drawn July 20. The support level 4700 is a round number level which you can draw anytime. A resistance level is based on local swing highs. How does it...
EUR/AUD has just broke-down the major Support level of the Matrix at 1.5350. That is a clear Sell Signal. Our Fibonacci Matrix model predicts a continuation of the downside move all the way to the lower levels of the Matrix around 1.4300 - Our Price Target .
After a prolonged decline from the high levels of 86.00, the AUD/JPY is forming a reversal in the lower part of the Matrix. According to the Fibonacci Matrix, the pair is expected to form Wave E, going all the way up towards the upper part of the matrix. The positive divergence support the analysis and reinforce a Buy entry at the current levels. Price target is...
EUR/CHF hasn't fullfiled its upside potential trend yet, and after the latest correction, the pair is ready to resume its original upside direction. Our price target is consistant with the previouse high at 1.1200. Stop loss in this case should be placed firmly bellow the local support level of 1.1083.
The FED will address the issue of interest rate % very shortly. With such a strong Dollar market the question most of us are asking concerning the S&P500 is whether or not we may finally reach up and break through the all time historical high of around 2130? Personally we feel that is highly unlikely, and instead we will see our lower level fib lines reached and...
A temporal bounce is currently underway, however I expect the downward momentum to continue until around1.8000 to a reversal to the 1.8800 zone. However if the 1.7700 is reached without ever reversing then trade short till 1.7350.