Yesterday pound has weakened, after Bank of England governor Mark Carney suggested UK interest rates could soon be cut if the economy doesn't pick up speed. Sterling hit a two-week low and the price almost reached 1.30. Does it mean the uptrend is over and the market has already priced positive Brexit deal? If somebody is still looking for longs, buying from...
Joining Japanese bulls also possible in EURJPY if breaking above 122.5 price level with stop around 122.05 and take profit around 123.5 (R:R 2.23).. Keep in mind that this idea can be realized in several days and long position in EURJPY has negative swap. // Follow me to stay updated.)
One week ago on Sunday (12th of January) Ethereum Classic completed the "Agharta" hard fork, which makes it "more interoperable" with sister-chain ethereum.. whatever that means, ETC more than doubled its value in a couple of days during the week. Technically speaking the price broke out from the descending bearish trend, which provided a good signal for...
In my previous post i was wondering whether BCHUSD going to go up. Now BCHUSD price is testing the downtrend line formed since July 2019, if today the price closes above the line it seems reasonable to join bulls. The target can be around 384 price or 61,8 Fibonacci retracement level, while setting stop below 218 is decent from R:R (4:1) prospective. BCH annual...
TRXUSD has formed a descending triangle technical price pattern on the daily chart. It seems reasonable to join bulls after the price closes above the trend line (which is now being tested), so it's better to wait for the confirmation. Entering around 0,017879 price with stop below 0,015376 and take profit between 0,03045-0,03604 provides R:R above 5:1. TRX...
Are we going to get better price to join bears? It seems the market has turned into risk-on mode, so the prices of such instruments as gold, silver and japanese yen are weakening against US dollar. Let's try to realize silver, selling it now doesn't provide as good R:R as if from the 17.9-18.2 price zone. Take profit level could be around 17.2. // Follow me to...
If someone still believes in risk-on presence on the market, EURJPY might provide good opportunity for realizing it. Shorting from 121.8 with first target around 121 and stop above 122.1 provides decent R:R. // Follow me to stay updated with my ideas!)
Currently the markets are mostly focused on the US-Iran conflict, what about 'Get Brexit done' on 31 of January? Going long between 1.305 and 1.314 price zone provides good R:R, if waiting for the target around 1.333. Keep in mind, that the target can be reached in several days and GBPUSD long has negative overnight swap.
For those, who missed..see my previous post.
US-Iran conflict might still be the strengthening cause for risk-off instruments. Looking for better prices in USDJPY and entering from the zone between 108.65-109.05 provides decent R:R.
Yesterday's bear shooting star candlestick with lowering of volume on a daily time-frame provides a signal for possible correction or end of the current uptrend.
US-Iran conflict might still be the strengthening cause for risk-off instruments. Waiting for better price in XAUUSD and buying from the zone between 1506.3-1521 looks much better. You can notice that a yesterday candlestick was kind of a shooting star, which is a known pattern in technical analysis and in this case might give correction in price before going long.
Entering position from around 7800 zone could be a good level, if someone is looking for buy possibilities without leverage. Annual yields: BTC: 0.775%; USDT: 1.7576%, BCH: 3.0851%.
Entering position from around 244 zone could be a good level, if someone is looking for buy possibilities without leverage. Annual yields: BTC: 0.775%; USDT: 1.7576%, BCH: 3.0851%. Comments are welcomed.
EURJPY bear train is joined, R:R 2.5, 0.7% risk.
EURUSD bear train is joined, R:R 3.25, 0.7% risk.
Last week the Yen showed strength. It was helped by the risk-off sentiment following the US-Iran incident, where United States forces killed Iran's highest-ranking officer in a strike in Iraq, which caused a major global reaction. The correction could provide a decent R:R ratio for joining the bear train.
The US Dollar seemed a bit confused with the whole US-Iran situation and traded sideways last week, the Euro also had a quiet holiday week and barely moved. Joining bears from the level around 1.119 provides decent R:R. The stops should be above 1.124.