This timeframe indicates a buying sentiment, however this is mainly because the previous weeks data is predominantly bullish.
That being said, the current weeks data has pushed price close the previous weekly lows which could be a hint that we may see some more sellers enter to create new lows for next week
The EUR/USD is in a critical zone. The rejection and failure to reach 1.17600 with evidence of a multi price action test at the 1.16300 pivot level is a clear indication to me that if this pair wants to test a lower support level. Im looking forward to seeing this pair dive past 1.16300 and move its way to support at 1.15000. I have provided a general "Ghost...
Price broke the downtrend line. I think now a good time for an entry point. With stop-loss. Only with stop-loss. And with the goal to accumulation zone to 0.47-0.51. I don't exclude that it could be a false breakdown. Be ready for all scenarios.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Time to beware IMO. Doge is entering the bear cave again. Invest with caution .
This a previous Idea that's coming back to life without the bulls. If this falls back in the red channel, well I'm not going to tell you how to invest.
Quote of the Day:
The market is designed to exchange money from the active to the patient..
We have a short set up for the USD/MXN as the dollars safe-haven demand is reduced as equity markets rebound higher.
The Widening of interest rate differentials since the FED pegged rates near Zero, makes the U.S dollar the perfect Funding currency to purchase the Mexican Peso that an attractive investment currency.
Top executives allready sold out. Abandon ship. Sold the knews and the roni vacine hype. Desapointing vaccine test results! Now game over. Skipped the all important animal testing stage and went directly to human testing. No corona virus in vaccine-only mRNA from a sars strand. NIH/MRNA contract for the PATEND of the said vaccine type. Royalties in the hundred of...
Bitcoin Trend-line Reduction Zone Start Date 06-26-2019 at a Loss Rate of $1,148.33 Per Day (Update)
Bitcoin is Currently moving down through a Trend-line Reduction Zone at a rate of $1,148.33 Per day with a new Trend-line established at $990.75 for a Trend-line loss of $1G and Bitcoin continues to progress up the Main June Trend-line at a daily increase rate of...
Looking at the 4 hr chart we have officially entered into a downtrend with Theta. It is running inside of a descending triangle and about to breach the lower end of the triangle. It is below all of the moving averages and I have marked the the 200 and 50 day MA (lower yellow lines) which are practically on top of one another. Theta has also...
Shorting GBPYJPY due to it touching the channel edges and challengig EMA 200 (4h) and declined by both. The pair is also being close to fibonacci 50, aswell as RSI7 are near overbought. I will close out the current open position if it reaches above fibonacci 50, and look to enter closer to 61.8 and 76.4. Will place the order SLs above fibonacci 76.4, and TP at...