possible turbulent week ahead for the Dow Jones, or US30 index, If another crumble is to be expected, you can best believe its going to break the local lows on the previous falls. It has failed to really bounce back, and looks to be leveling out, almost forming a head and shoulders pattern.
Entry: 28000.00 SL: 24000.00 TP: 40000.00
weekly breakout, daily consolidation support & dollar crash incoming this is the perfect trade to take. Tensions rising globally, the U.S. being politically unstable, more people investing in gold and stimulus packages bound to heavily affect the value of the U.S. dollar it just couldn't be a better time.
Support found around long term SR zone, the 200 Day MA and the uptrend-line. However, the British economy is not looking too great and the GBP has more chance of falling than it does of bouncing and continuing uptrend. Upcoming Japanese elections also set to cause more possible confusion. Another possible reason for a drop is the RSI has not really come down...
Both indicators and technical analysis are telling me that UJ will continue to fall. The economy of United States is also not doing so great in current times and the corona virus is taking a toll. As you can see, very nice rejection in the parallel channel along with a strong downtrend. My personally coded indicator is also showing me a possible sell as it...
last week closed slightly above the trendline, this week is barrelling up and looks like it will close above too.
possible short opportunity following a massive impulse to the upside for seemingly no reason. reasons for short idea; 1: huge impulse today. 2: not making new highs for couple hours. 3: higher lows. 4: wedge forming.
been watching this one closely for a while now, ill be getting in on a sell if i get my confirmation when market opens
break out of gbpusd. ill be watching for a retrace and confirmation in the next few candles.
waiting for a confirmation, will be watching closely and keep you updated!
** UPDATE - the red box is supposed to be LOSS ZONE not profit. a double bottom is clearly visible on the pair Euro / Australian Dollar in all time frames from 4H and under. previous price action would suggest it is set for a reversal. an entry after price has closed above the highest wicks in the 'ENTRY' zone would be a good trade in my personal...
Japan 225 index has finally broken a key level for the first time in weeks after testing multiple times and is now treating as a possible support zone. ill be watching this one carefully.
with the euro regaining strength and the New Zealand Dollar losing power, it would be a perfect trade to take.. both currencies are flowing against. You could also short the USD pair.
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Using Magnet Trend Indicator you can see the bearish trend reversing. possible upside from here, just waiting for 1 Hour to confirm. :)