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With lower highs now being established together with an uptrend break EURUSD is vulnerable further downside pressure and we would expect a move down to 1.19620 where the 200 day ema provides support.
**TRADE ALERT** SELL GBPUSD at 1.39772 S/L 1.4190. Not for the faint hearted as Brexit talks makes this a lively pair but with the long uptrend breaking together with negative momentum looks a decent trade for a downside move. Recent dovish comments from the Bank of England's Carney also supporting this bearish set up.
IOTA has been in a bullish momentum now since the initial break of the distribution phase - breaking at circa 1.05 handle supported by an ascending trendline and multiple horizontal supports IOTA is now making a bullish break to create at present intraday and all time highs.
I would like to see IOTA close above the 2.0891 handle (on the spread) and hold the...
NEO/USD is looking extremely interesting at these prices / levels - Continued bullish momentum and upside potential, following the upside breaks / breakouts of the previous descending trendline resistance levels and horizontal resistance. Our algorithm has also highlighted another #buy #long opportunity at these levels, following the most recent bullish break of...
Following the selloff in BITCOIN #BTC/USD yesterday, the pair has begun trading strongly today, after added confluence and finding traders willing to lift the offers after the pair found support at a key horizontal support level which was a 4hour triple bottom, the pair set up nicely in terms of price action to complete a bullish flag continuation pattern on the...
BHP Billiton, is a trade that we are currently short on from 1408, utilising our absolute return strategy - Trend Following.
The chart shows lower highs and breaks to the DS of key horizontal & ascending TL support levels, which the market has failed to hold and has in turn broken further to the downside, after watching the pair consolidate within an equidistant...
04.04.2018
ETH - Selling off in today's market, has definitely triggered the intraday breakout/breakdown bears !
Price initially began to break down at around 4am this morning, after failing to trade/close above the 200ema and was rejected for 2 bars, before entering a consolidation & flag pattern !!!! Price continued to break down further this morning.after...
04.04.2018
Bitcoin - Hourly time-frame.
Bitcoin has continued to selloff during today's market action, failing to hold/trade above the 200ema support level and intra-day ascending trend-line from the recent swing low. Price has now broken below this level after a period of consolidation and a confirmed H&S (Head and shoulders pattern). The question is, where is...