Hi, guys! I would like to share with you my idea about EURGBP. Now I expect that price goes like this, because we have a local bulish trend, the price push off support line and trend line as you can see on my chart. And the 3d reason is the volume indicator grows with the price.
After a breakdown of key level resistance 30$ the price gains strength to go on to grow. Now we can se the Equilateral triangle . Target and Stop loss level you can find on the chart. And I suggest 2 Entry point.
1. Agressive entry shoud be in the middle of this pattern 31,5$ - 32$ until a breakdown. In this case you will have short enough Stop...
I would like to share with my point of view about further DXY price movement.
There is a 1W Triangle. All information you can find on the graph. I expect a growth to a previos top at least in the near future.
Now I refresh my previous short idea about WTI. There is a retest of triangle support line with faling volume on the daily chart. And there is a FLAG pattern on 4H with falling volume as well. Now I expect that the price goes to 18$ and start to fall to first target. And after consalidation will continue falling to 0$ at least.
Entry point -...
Good day everyone!
Now we can see on the WTI chart a triangle . The price has tested point 30$ recently but not successfully. And now I expect to rebound back to 20$ at least or lower to 18$ in the border of triangle. Point of entry: 27$ TP: 20$ OR 18$ (extra). SL: 31,5$
P.S. Of course news that OPEC reduce oil mining can change this.
Profit all of you!
Now we can see on the graph Flag pattern during bear trend after extremely strong fall. A width of this Flag is about 550 pips. So after breakdown a lower border I expect that price will fall about 550 pips or more. Potencial point to open short is on 31.20 , Stop Loss - 33.10 and Take Profit - 26.20 . Ratio 1:2,5.