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The Euro has surged higher last weeks showing a clear bullish momentum.
The blue lines represent important support levels, near demand zones visible on lower TF.
Any pullback to those levels provides a good opportunity to join the bullish direction.
A test of next resistance is very likely and a break of it could lead prices up to the top.
The Kiwi has recently triggered a Head and Shoulders pattern, breaking the neckline. The next setup would be after a retracement to the breaking level acting as a resistance zone.
From there we can look for opportunities to sell this pair.
The dollar has surged against the Franc forming HH and HL and a possible new uptrend.
On the way higher it formed new demand areas (visible on lower TF) to take advantage of.
A retracement to those areas is a good opportunity to buy.
With the break lower from 1.2000 key level last week, the bias and momentum have officially changed to bearish. There are no demand areas no hold the continuation lower, but there are many supply areas to keep pushing lower. We will wait for retracements to those areas in order to short the market.
EUR/USD has mixed signals, while GBP looks very bullish.
Demand created by news last Thursday, followed by a very bullish friday and now testing a resistance level that might end up giving up this week.