eurusd has pushed up a lot recently and the market looks exhausted...im expecting it to fall back to the original support line and possibly further down
it has also taken a strong resistance zone and the 50% fib retracement level.
there is also huge bearish divergence.
Eurusd has broken out of the down trend it was in and made a higher low....however im not convinced its a reversal...so im hoping it will retest and I will enter a few buys and hold till the 50% fib retracement level.
Im looking to short UsdChf as I strongly feel it has broken the strong support lines and will now start reversing down.
I have no tp as of now just trail profits
sl is a bit tight but u can enter small lots and just trail if u want.
Ive been watching cadchf and its looking like its making a triangle pattern.....im going to go long but I want yall to think...will it breakout and be bullish or bearish?
plz follow proper risk management.
Blue : entry
Green : tp
Red : sl
NZDUSD had been very bearish lately and is at a strong support level and im expecting a rise/retracement to one of the following levels / tp1 tp2 tp 3
If the USD is very strong and trumps coronavirus cure works plz be careful when trading xxxusd or usdxxx
UsdJpy has made a strong push up and is now losing momentum. It has failed to make a higher high and I strongly fell will reverse soon, it might go for another retest but I highly doubt it. (stay updated on the coronavirus and the cure that is being made in the US )
Im waiting to go long on gold as I feel in the long term it will rise (due to the effects of the corona virus)
Its at a strong resistance level and im expecting a drop/retest of the recent support level and from there I will start buying.
Eurusd has been very volatile lately and has made a strong push down.
if it can close below the support line and can make a successful retest then I am expected a continued fall.....also considering the state of Europe and the effects of the corona virus.
if it can close above perhaps we can see some bullish movement.