Forex_Academy

Forex_Academy

Holding Short

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We are holding Short

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Trade the BoJ Meeting on Scenario 2

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How to trade the BoJ Meeting for the long-run

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Loonie strong

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Key technical level for the Sterling in the week ahead

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Bullish on the Pound

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Pound developing Wave B now

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Cautious ahead of the BoE

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If the BoE confirms confidence in Brexit Negotiations due to the latest batch of commentaries from EU officials, price is likely to form Wave B before retesting the 1.3000 level again

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Expected Bullish recovery soon

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Timeframe: 60M Main Scenario: ZEC/USD is trading in the red and approached important dynamic support lines after the failure to make a valid breakout above the inside sliding line (sl). A valid breakdown below the lower median line (lml) and below the outside sliding line (sl1) will confirm a further drop. You should wait for a valid breakdown because this could...

Forex_Academy

Timeframe: 240M Main Scenario: ETH/USD could resume the downside movement if the rate will make a valid breakdown below the 150% Fibonacci line. You can see that it has developed a minor chart pattern, so a valid breakout from this pattern will confirm further drop on the short term. Alternative Scenario: We may have an upside movement if the rate will make a...

Forex_Academy

Timeframe: 240M Main Scenario: The rate could drop further after the failure to retest the first warning line (wl1) of the ascending pitchfork. Price has made a valid breakdown below a very strong support area, so, technically, it is expected to drop in the upcoming period. SAN/USD should move down if the Bitcoin will drop as well. Alternative Scenario: A a...

Forex_Academy

Timeframe: 30M Main Scenario: The rate has failed to stabilize above the lower median line (lml) of the ascending pitchfork and now it is somehow expected to drop further on the short term. It has retested the median line (ML) of the descending pitchfork and now is pressuring the 150% line. A breakdown seems imminent and we may have a great selling opportunity. ...

Forex_Academy

Timeframe: 30M Main Scenario: The rate should increase further after the aggressive breakout above the 50% line and after the failure to reach and retest the lower median line. Alternative Scenario: Only a false breakout above the 50% line and a failure to approach and reach the median line could send the rate down again. A valid breakdown from the ascending...

Forex_Academy

Timeframe: 30M Main Scenario: Maybe we'll have another selling opportunity if the rate will stay below the 50% Fibonacci line of the descending pitchfork and if it will make a valid breakdown below the lower median line (lml) of the ascending pitchfork. You should wait for a valid breakdown from the ascending pitchfork's body to be sure that the rate will drop...

Forex_Academy

Timeframe: 240M Main Scenario: The rate increased again on the short term after the false breakdown below the lower median line (lml) of the ascending pitchfork. It could test and retest the median line (ML) of the descending pitchfork. A valid breakdown from the ascending pitchfork's body, it will announce a potential breakdown below the inside sliding line...