I posted this before it played out but it was removed.
Most of my previous analyses have been removed because they have outbound links on them, which is against the house rules, too bad.
Strategy I use is pure price action.
Anyway, we will just continue keeping on. Stay tuned.
Read more about finance on: financebeta.com
Price broke below the 1 hour support.
Formed a lower support, then retraced back to the previous support it broke, and formed a resistance.
Confirmed entries on the 15 hour timeframe with a bearish candle.
Targeting shortterm profits of around 200 points / 20 pips.
Currency pair: OANDA:GBPUSD
- Market movers now entering OANDA:GBPUSD .
- Pushing the markets down.
- Currently anticipating a drop is the prices, at least up to the nearest support.
- Confirmed by the 5 minute timeframe.
Currency pair: FX:GBPUSD
- OANDA:USDJPY Showing a clear uptrend.
- Observing the near-term breakouts.
- Investors may seem to be shifting their investments back to the US market, showing their regain in confidence.
- Will it hold? Or will it break below to it's downward momentum.
Currency: FX:USDJPY OANDA:USDJPY
NASDAQ:TSLA Shows a good example of a pump and dump scenario.
- The actual cause of this is still uncertain.
- Probably big withdrawals from significantly huge investors.
- Or the success of the latest model sales.
- NASDAQ:TSLA already achieved the highest price analysts anticipated for 2020, in less than the first 2 months of the year.
- What should we...
- Looking to short the EURUSD considering the continuous downtrend.
- Targeting the lower trend line as limits.
- Looks overbought , and is on the lower side of the moving average .
Currency pair: FX:EURUSD OANDA:EURUSD
Ethereum continues in downtrend momentum after breaking its LOWEST LOW since September 2017 , traders are putting more money on the bearish trend, even thought the price currently seem to be over-sold.
WING smart money is currently on a a bullish momentum but it seems to be ending or slowing down according the stochastic RSI which currently signals overbought. Also the short term trend seems to be showing a short-term change in trend to the downside which can be advantage of by entering a potential sell below the 0.00001859 after the price breaks below this...
XLM is testing new lows according the price movements on the hourly charts, which is a good signal to enter a short trade. But according to the stochastic RSI, the price is currently overbought as many traders are in on the trade, if one is entering the ride now, they should wait for a short-term bullish retracement above the current price at the recent resistance...
Naga price is on a constant price range spree, as the price doesn't seem to achieve any trend direction from the near term price movements. Stochastic RSI confirms this as it is converging at the centre around the neutral level, 50. Currently no trade signal setup is recommended on Naga. Traders should wait on this until further clear entries are observed. Price...