using a few stripped down indicators (Simple Moving Averages, which can be supplemented with ADX and ATR), EURO strength and breakouts popped up last week with on a weekly price basis. This looks like a trade which can be entered as the pair hits averages and "support". (Look at other pairs, including gold itself) and USD weakness has return as of summer 2020.
Mostly written up in the chart. My dowsing method and the technical setup looks like a decent setup with a stop above the high of the other day $106.40. We shall see.
price reached a significant supply zone in the chart. owing to the fact that confluences need to be put in place before execution of such trade. whereas there's a double top formation on the H1 chart.Giving a strong signal to sell
The price is about to hit the resistance level and probably to reverse lower.
Purpose of observation: To continue monitoring & predict the US market crashing time. - Aug 2019: RSI Divergence of AUDJPY indicates a uptrend.
Looking at the candles recently, I would asses that we have hit the bottom and are positioning to move upwards. The downward pressure seems to be failing. If you look at the formation of three consecutive green candles and the level of red resistance we can see a clear strong momentum forming. #XRP XRP is not failing just because some people decide to sell. This...
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Watch out for a 50% re tracement. Wait for price to break out of the downward channel, pull back before further upside to 50% retracement level.
The May 24 expiration 107 calls are under a dime, spread is bit wide and the Mqy 31 expiration 107 calls again spread wide .16 - .20. Im gonna grab 100 shares of the ETF for a short term move and throw stops very tight just under $106
FXE broke the bottom of a wedge pattern. The bottom of the pattern represented a strong support for the stock, but it was broke 2 trading days ago so a downtrend pattern should be expected.