My prediction is that the US dollar will probably strengthen and the consumer price index will be lower than expected in the news ahead, and that is why I am considering this scenario, and if I climb, I will open a sell trade.
I have just entered this position with risk to Rivard XI because the risk of this position is very low.
It is true that the general trend is downward and I think in the long run this pair should decline, but I believe we will have an upward correction and I have risked only half a percent of my account in this position
My opinion about Bitcoin is that after a little correction to the bottom, we will have an upward move, which is a good selling opportunity to enter the selling position in this range and move to the lower range.
I checked the eur/usd chart and saw that there was a weakness in the uptrend and the overall downtrend, and in terms of price action, the bullish level was broken and I predicted a short-term decline for the pair, so I entered the sale in the supply area and put the profit limit on the demand area, and as you can see, my profit limit was activated, of course I...
Most likely the pair will behave similarly to what I showed in the following week and be suitable for buy and climb to the red supply range.
Of course, he can behave differently, but I think he'll rise to the red range anyway.
First I draw the general structure of the market and draw the supply and demand ranges to have an overview of the market.
Then I'll determine whether the trend is up or down, and after recognizing the trend, I'm trying to enter the trade in the direction of the trend, because this type of trade is more likely to succeed than the opposite of the trend.