EURUSD is in a strong bearish trend. 1.13000 is a strong support, and on weekly timeframe has performed what looks like a double bottom. On h4 timeframe is now performing a hns pattern (this is how it looks like). If it will break the 1.14800 resistance, we will probably see a shoot up till 1.16100 (+240 pips). Stoploss is placed at 1.12500 level.
I expect a pullback for GBPJPY in the selected area, that is a good sell zone/pullback zone. The target is 146.00/145.90 and here we will see if pattern will became a HnS (and price will go up again) or if the trend will be confirmed. Enjoy the pullback!
Good news for long term trader on ripple. First of all, the net-long traders are at 96%; this means that a big bull trend is coming. A break above 0.50 will confirm this new strong trend. For scalpers, i advice to buy now with a stoploss at 0.41 (orange line). For long term, my stoploss is the red line. My target are the green line (0.63 and 0.80).
Let's analize together the monthly timeframe. As you can see, trend is extremely bearish. But, month after month, the bearish power is always lower. September looks like a good Doji. November candle will be crucial to predict the next moves... for now, i just wait a break of September's candle. Good Luck!
A curious combination is happened in last days. First of all, three positive candles on daily chart (not a rare thing), but three consecutive candles define new trend. Next, a big bull candle and instantly a retracement. But, thanks to this candles, we are out of the triangle. After that, two consecutive inside bar, that means market indecision. Now, is going to...
This are the next steps for the USDCHF, after a good harmonic pattern, divergence on H4 TF and overbought, trend is up to change for long time. I have paint my 3 targets: 120, 200 and 390 pips are coming. Enjoy it fo free