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Has the decline on EURUSD started?Yesterday we looked at our sell zone, and now we can already see price rejecting it. The move isn't confirmed yet and we have a push back up after each drop. Technically, we see a rejection of the sell zone and price heading to its first support at 1,1290. In order for this move to continue, we shouldn't see market going above 1,1400. We will have a confirmed downside move on a breakout and re-test of 1,1290. Until then, all positions are still considered risky so use a smaller lot size and make sure to move your SL!
Short
by ForexTrendline
34
Wish bag holders this our week, let us all unite!1. Wish showing some stability around $2.50 2. Possible short covering to make up for losses in other positions by the shorts acting as a floor 3. Possible bottom since the company is trading close to 0.8-1 expected sales for 2022 & possible break-even by the first Q 4. CEO must be announced upcoming week or the next 5. Technicals looking good with multiple divergences 6. Still waiting for institutions positions update 7. Beginning to see some improvements on the platform , shipping times getting better. 8. Interest rate hikes (problem if wish wants to raise more money) BUT has no debt and looking to break even. 9. If there is a buyout i would expect at least at 3-4x sales meaning $8-$10 10. Hold your bags tight! we are all in this together! Do not let wallstreet steal your stocks. Worst case we are all wrong! it happens, we will study what we did wrong learn from it and move on! investing does not end with one bad decision there is always room for improvement, never give up! Best case the price will tell!
WLong
by UnknownUnicorn274312
8
WAVES - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. WAVES is sitting around a strong support zone in green so we will be looking for buy setups. on H4: WAVES is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, WAVES would be overall bearish can still trade lower till the lower green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
WLong
by TheSignalyst
24
ICPUSDT Provides Great Buying OpportunityICP is an underrated alt that I believe has a lot going for it. There was an initial dump that occurred day 1 which everyone got upset about however this isn't really out of the ordinary. If you go to their site you can see the metrics for yourself. As all of my followers are aware, I specifically look for basing pattern just like this to capitalize on, and I do that very well. We have a falling wedge with 2 touches on the hypotenuse that signals a breakout is coming. When that happens, I am sure everyone will be talking about it. There are plenty of opportunities to take easy profits here on the way up, similar to what I did with SHIB, KDA, and many others. My overall goal for this cycle is to see ICP hit 300. That isn't out of the realm of possibility since it has been much higher than that previously. Tell me what you think? This is not financial advice. Do your own due diligence.
Long
by mysticalwalrus
14