aparkon

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Possible long scenario.

aparkon Updated 

Hi traders.! We've now reached demand zone from 4Q 2016 - 1Q 2017. We are currently at the lowest level in two and a half years. There are several reasons for the Cable rebound tomorrow. - The cable is reached major buy zone today. - FED's rate cut is expected tomorrow. This will likely move DXY down. - DXY is forming a triple top, supply zone @98.2X...

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Accumulated balances for a few days hitting multiple bottoms. Expected to rebound after rate cut news.

aparkon Updated 

Possible Long. TP @ last week's high

aparkon Updated 

Hi Traders, Possible long opportunity for the Cable pair is seen. The trendline that started on May 23 is acting as resistance. **Always look for confirmation before placing an order. If the cable is holding 1.240XX area there is a good chance of reversal. ***

aparkon Updated 

Possible short opp, ABCD pattern.

aparkon Updated 

Hello Traders! All major greenback pairs were up 30-50pips in a matter of two hours because DXY went down. The dollar index was bearish today and it has reached weekly resistance. I am expecting DXY reversal(up) afternoon and tomorrow so all major dollar pairs may possibly see a reversal. For the Cable pair, trendline from June 25, the top of the month may...

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Hi traders, The Cable is trending down as possibility of no-deal Brexit arises. As we are seeing its lowest in 2 years, traders are betting long on the cable now. 79% are long and only 21% are short, according to IG sentiment index. We have huge demand zone around 1.20XXX level so we will see the cable rebounding soon. Until then, we will continue to see a downtrend.

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Hello traders! EUR will test the key level 1.11XXX soon. If the EURO bounces from the key level we will be able to see a dead cat bounce run to 1.17XXX level most likely caused by dollar devaluation. If it breaks 1.11XXX level, we will be able to see the EURO values less than a dollar sooner. I believe 1 EURO = < 1 Dollar will most likely happen by mid-2022.

aparkon

Hello Traders! As I expected at the last post the Cable did not pierce 1.255XX key level. It trended down for three days and made Three Black Crows candle pattern which is bearish. Brexit is still very uncertain and trader sentiment is still bullish making 3:1 Long/Short ratio . I am expecting the cable to go sideways or false breakout on July 24th...

aparkon

ETH bounced back at the trendline and buying zone. Possible long opportunity. Buy @ 20X.XX level SL below this week's low TP @ 27X.XX - 28X.XX 1:4 RR ratio

aparkon

Hello traders! Here is the fundamental background of last week's movement. Last week's pair uptrend was the outcome of Powell's testimony at the congress. He made clear last week that the FED is very likely going to cut interest rates in July. As FED has finally become dovish, all the expectation for the rate cut is already priced in last week. **I am...

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Short

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Short then long

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FYI

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** Pair is getting close to the major supply area. Possible head and shoulder pattern seen. Short 1.456X area Buyback @ 1.407X

aparkon

Dead cat bounce, back to 1.256XX level and retrace to buying zone.

aparkon

GBP/EUR idea