Strong uptrend on the higher timeframe and respecting the 4 hourly uptrend support line. Pushing towards the previous high. If the high is broken, wait for the retest of the previous high as support on the 15-minute time frame and enter long.
Risk 1-2% / Risk Reward Ratio 1:4. Stop-loss and TP as shown.
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Now the red candle is in a good position to start a good trend either an up to one or a downward trend
so we are waking for a confirmation:
+If it goes up buy at 0.9588👌
+IF it goes down-sell after a red candle✌
and pay attention to the support it can reverse
SO TAKE RISKS AND OPEN UR WALLETS🤑👍
According to chart analysis, it is in a bullish trend because of the trendline but the divergence is bearish in RSI and the rising wedge, Double Top is detected.
Plan A: Long
Plan B: Short
Using the andrews pitchfork tool, usd/eur has had some stable bullishness but the price is currently at 3 unmitigated order blocks and with all the inflation and the war, it may soon melt. We may have an opportunity to hold a position for a couple months if this melts, definitely keeping an eye on this chart.
As there appears to be much discourse around the status of the dollar as "the world reserve currency", it seems interesting to me that the standard measure of the dollar's strength is not weighted in this way.
Here I am attempting to reconcile the standard dollar index (DXY), which measures the strength of the USD against a basket of other currencies (see below),...
Hello everyone, as we all know the market action discounts everything :)
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The USD/EUR pair was down on Friday morning in Asia, and dropped almost 0.96 %, and reached 0.8847, and an RSI Bearish Divergence has been found between the chart and the...
think its a big upmove upcoming after the red part, looking at the gray line representing the fractal distortion we can see the volatility decline and i would guess it can be a strong breakout afterwards
The chart is clear. USD should range up to 100, and as low as 89 in the coming three years, after that is anyone's guess.
currently: Long dollar, short gold and silver, long BTC, long equities.
2022 looking for SPY shorts, Volatility longs and to scoop up cheap altcoins after 2022 crash