break below ascending trend line. Waiting for a strong close below 0.58 to take sell entry. Two take profits are set for this trade as price may retrace after hitting tp 1. Fundamentally the CHF appears stronger than the NZD as the markets move towards purchasing safe haven assets in light of covid-19 realities sinking in.
Possible long on EOS as rsi divergence at support occurs after an over extended downward move. However since btc dominates the entire markets it's worth noting this may not play out as well if bitcoin decide's to make a downward move.
What do you guys thinks of bitcoins dominance on the crypto markets?
Nice break of ascendingchannel on this pair. Probability of drop is high as the channel's high met a previously tested resistance level. Stoploss is wide because there is also a probability of a pullback but worth it as this trade offers a 1:2 riskreward ratio.
GBPUSD is bound for a sell. This pair is facing some major resistance in the 1.265 region which, not surprisingly is in confluence with the 61.8% fibonacci ratio- because of this we can anticipate some selling pressure at least to the next support level at 1.203 where we would start scaling out of our trade.
EURUSD Pair recently bounced of the 1.078 weekly support level which has been holding strong for sometime now. However this pair is still experiencing some form of consolidation and may see some movement towards the 1.095 level in the near term. As to whether the pair is going to breakout of this level or just retest this critical level before continuing its...
BITFINEX:BTCUSD rejecting $7200 area after its sudden spike (you can identify it by its temporal choppy range within the zone) which may lead to a possible drop to $6700. Liquidations around my identified resistance area further battress the possibilities of a reversal.