We hit the bottom of the channel. I will open a long position if the price pulls back. The risk to reward:5-6
USDJPY is ranging for a few days at holding the resistance at 0.236 Fib level. We can expect further buying pressure above the resistance or selling pressure under the support.
If the price can break the previous support and I will be waiting for a pullback and open long term short positions.(Week to year)
EurUSD is in the demand zone which the price reacted big to this zone previously two times. If the price breaks this support we can look for short in the alternative scenario we can long with over 20 Risk to Reward.
10 and 20 EMAs are crossing giving a bullish signal. The overall monthly trend is bearish but we can expect a short upward movement. Fundamentals: bearish, most of the offices and workplaces are closed down due to pandemic.
Bullish or Bearish. Either way we need a confirmation.
EurAud head and shoulders(short trade)
Short Gold trade. targeting 1600.
I'm going to short SP500 at 2929
Pattern: Rising wedge The pattern is already confirmed on US30 and Ger30 but I will wait for a bearish Engulfing and breaking the support level. Germany still is second on the list of the confirmed cases and almost after that is UK. The first is US but I don't want to short US indices because GER30 and UK100 would drop more compare to US indices. I am going to...
Short BTCUSD from the top of the channel or if it breaks it
Just kidding :)
+4 Risk to reward ratio High probability setup
Monthly Fib level 0.618 is at 2928. If the price shows some reactions I will anticipate in a short position with SL above that level.