Looking for a beautiful bullish bounce off the 38.2 towards the upside. Risk to reward is beautiful...originally thought this was going to sell more but after doing a top down analysis from the monthly to the 1HR TF i've confirmed for myself a great buying opportunity!
Give me your opinion!!! We all trying to get paid right???
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After clear price action showing us that the market is breaking higher highs along with local areas of resistance we look for the next push up that's the 2nd wave. This is an aggressive but optimal trade respecting the 3:1 ratio for risk-reward.
Price has reached a strong support on the monthly, weekly and daily time frame.
Looking for a bounce from this point and going long, also now resting on the 0.236 Fib retracement from the highest historic point, to the lowest.
Hello everyone, here is the top-down analysis for USDCZK, feel free to request any pair/instrument or ask any questions in the comment section below.
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Best of luck!
The pair will fail to break out from a major downtrend resistance line, which will send the pair lower towards its previous low. While western Europe is struggling to revive its economy, its eastern counterpart led by the V4 nations is helping the region to go back to its feet. The Czech Republic posted its Consumer Price Index reports on Friday, October 16. The...
The improvements seen by the Czech economy is helping bearish investors keep the USD/CZK pair grounded. Prices aren’t expected to rise anytime soon and are on track to crash towards their support level by the first few days of September. The move should push the 50-day moving average much lower against the 200-day moving average, suggesting a strong market for...