EURUSD on the 4h chart retest the monthly support creating a potential double bottom pattern. The price has tested the level twice and is now trading below a minor resistance. How can i approach this scenario? I will wait for the EU market open and if the price will break above i will look for a nice long order according to the Plancton's strategy...
Hey traders, I guess you saw this crazy bullish move on Dollar instruments today. With a monthly candle close above a major weekly supply cluster, greenback shows its willingness to go higher. The next resistance that I spotted is 108.0 - 109.75 area. I guess that it is the next goal for buyers. ❤️If you have any questions, please, ask me in the comment...
Hey traders, in this week we are monitoring EURUSD for a selling opportunity around 1.03 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Yesterday, we saw a 200 pips drop on EURUSD. The last time EURUSD was trading around those levels was in 2002. However, this doesn't mean we shouldn't sell. After this impulse yesterday, we're most probably going to see a pullback and a continuation towards 1,0200! Entries only after a pullback. We're not looking for longs!
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 1.30064 where the horizontal pullback support is to our 1st resistance at 1.30799 in line with the horizontal swing high resistance. Alternatively, price may break 1st support and head for 2nd support at 1.29529 where the horizontal pullback...
GBP – Sterling traded at the lowest since March 2020 on Tuesday, as the resignation of Britain’s finance minister threw Prime Minister Boris Johnson’s government into a crisis. In a post on Twitter finance minister Sunak stated “The public rightly expect government to be conducted properly, competently and seriously. I recognize this may be my last ministerial...
Hey traders, in today's trading session we are monitoring USDCAD for a long term selling opportunity around 1.31 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Nothing exciting here. No change expected on the digital currency, upside potential is limited with price expected to remain within the range of 19000 and 21000.
Hey traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 136.1 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
On the H4, with prices moving below the ichimoku indicator and within the descending channel, we have a bearish bias that price will drop to our sell entry at 1.19313 where the horizontal pullback support and -27.2% fibonacci expansion are. Once we have downside confirmation that price has broken entry structure, we would expect bearish momentum to carry price to...
The AUDUSD tracked lower from the 0.6850 level due to pressures from the DXY climb. The DXY strength was primarily due to the weakness in the Euro and the increasing concern of a global recession. Look for further downside as the AUD continues to be weighed down by depressed commodity and the expectation of lower economic activity and demand from a...
EUR/USD The pair is trying to catch on to the fourth figure. To fall below 1.0350, a strong informational occasion is needed (see the minutes of the ECB and the Fed), otherwise, all southern impulses will die in this zone. Any correction can be used to open purchases with rather modest targets: 1.0550-1.0650.
GBP/USD The pound does not have its own fundamental factors. Tomorrow is the release of the Services PMI and Bailey's speech. No important information is expected, especially since it is not customary in Britain to announce a correction in monetary policy and/or the key rate. So we follow in the wake of the euro and follow the dollar.
with inflation & high prices, we've seen how the value of the dollar has gained strength. however, I do believe we are entering into a recession (if not in one already)& as a result, we could potentially see USD falling. in a technical perspective, it broke through my weekly trendline & is currently in a possible reversal. if rejection appears, I will be looking...
GBPUSD breaks boundary of fair value, we can look to buy a break of the fixed range POC and aim back to fair value for a mean reversion set up, eyes peeled.
Yesterday Gold smashed every bull. Even I was also bullish and hit SL twice. This is the reason we use SL to not get big loss. Yesterday's market taught me one more lesson to stay away from trading when the setup fails. Yes 1766 was not in my plan and I was expecting the lowest 1792. SL helps in saving losses. So dont be rigid on emotions and be logical. Today I...
On the H4, with prices moving below the ichimoku indicator and within the descending channel, we have a bearish bias that price will drop to our sell entry at 1.19352 where the horizontal pullback support and -27.2% fibonacci expansion are. Once we have downside confirmation that price has broken entry structure, we would expect bearish momentum to carry price to...