NEO has been building a great base of support, and a myriad of legal/governmental policies around the world--namely, China-- have been driving this currency into the forefront of "next-to-emerge" Cryptos that are traded against the USD and other Fiat currencies. Currently, NEO is sitting right on it's "steep" upper growth channel, but has potential to go either...
Here i have identified a long opportunity on the EUR USD currency pair, with the lower interests rate in the near future for the USD I see the EURO taking full advantage of this situation and achieving some major gains in the next few weeks ahead. I am going to be taking long positions in similar variations to what I have described here on my charts. Happy Trading !!
Now that we get our 2 target in long i short eh Dxy for the pullback,he is also overbought and i think 94.06 its a good pullback level or we can go more deep to the Up t-line...but i prefer said only 94.06 who match with the resistance that become support enter at 94.66 Target 94.06 so is a go for 60 pts more we go in 2 separete position like all time for can...
The DXY is @ a level that could cause some weakness for the dollar. I will be watching the DXY to see how it affects my long USDCAD trade from this morning. I have identified the 2 levels that I am watching. This is not a trade idea just an observation.
Its been a while since I entered with this setup, but this one had a case with historical support and resistance area coinciding with the 2618. A clear double bottom, right at the level. With a break to the upside (break of the "v" point of the double bottom) followed by a 0.618 retracement - and here we already see some reaction. Targetting retest of the...
Im buying into the strong support showed by 0.618 fib together with 1.285 round number. For target prognosis Im also using fib - same level, 0.618 which coincides with another round number, 1.31.
Long NZDUSD, the pullback hascontinued to develop after the failed entry at 0.7422 (now marked as pink (w) ) because the pullback has oved from 3 waves (a-b-(w)) to a much larger 7 swing move we have moved up a timeframe to the 4 hour chart, this means that stop loss, likely lenght of trade and potential return are larger
The USDJPY has changed, having been essentially flat and choppy for the last 12 months it now looks to be taking on a bearish outlook. This can be seen as a combination of the price action, the dropping economic performance as measured in the surprise index and the Trump administrations seeming failure to get anything done. Debt ceiling talks are approaching,...
Selling the US Dollar, the dollar has been strong for some time however the run higher is beginning to look extended across a number of pairs. The USDJPY is shown here, i expect it to top out around 115 and intend to use that figure as timing for trades on other pairs. The Yen is likely to remain weak but the 115 area may be reached at the same time as the...
Posted earlier on my telegram - t.me We see a revisit of the previously broken falling trendline / top of bullish pennant. This area also hold fibo confluences and previous structure- and resistance zones. I use this area as a first level to put on another set of buy orders with targets 1.13 and 1.14. We might even see a retest of a previous strong resistance...
Here I'm trading the potential scenario where we have a retrace down to 61.8% fib of the recent bullish leg. This is then followed by a long opportunity. Will update this post when we get to this point. Behind this idea we have a bullish reversal which is showing by change in momentum and a double bottom followed by a break to the upside (of the V point of the...
The US dollar index is at a turning point. For close to 6 months, this index has been in a converging symmetrical triangle that was playing out on the daily chart. During that time, many tests of both the upper and the lower bounds of the triangle have happened, but there was never an actual breakout. This has now changed. On Friday, the DXY broke and closed...
In our case we have trend line being hit and respected, historical support and resistance area respected thus far, 0.618 fib retracement on higher timeframe, and a 0.382 fib of recent bullish leg being our first entry. You can see the breakout from the consolidation channel within orange. Buying zones in strong light green. If we close below 1260 we will most...
UsdChf on the weekly time frame looks bearish. This is in line with the daily time frame which shows futher downward movement is possible. High Chance that the candle of the upcoming week will also close red. Sell the Spikes. Stoploss at 0.9990 or 1.0020. Take profit depends on how long you want to hold this pair.
there is sure to be a fall, just have to wait. i could be wrong, but i srsly doubt it. waiting for the daily to pay off big time. sad to say that this may also signal the s&p downtrend.
The USD seems to have suffered some after the tensions in the French elections eased up again. By no means is it over - but for now the market seems content to ease off on the fear/risk factor. The USD has crossed and stayed below the 200 day MA (red line) - so I'll be looking for opportunities to short the dollar for the next bit. That being said, today is a...
I've been eyeing this opportunity this since last week. Price have failed 5 times (and counting) to break and close below 1.0650 (seen on 4 hour), which also happens to line up more or less exacly with 61.8 fibonacci X-A. We're coming from an oversold condition, momentum seems to be turning around - could this simple setup wield profit? Overall, the break to...
If you are following me on Telegram (t.me) you saw my entry and targets this morning on GBPUSD. We had a double bottom, with several failed attempts to close below 1.2400 - together with heavily oversold conditions and a historically strong support and resistance area. A good case. What I was looking for was a pullback that we could profit from with 2 targets. ...