we have to touch the 1.16300 zone before deciding what to do. tight SL - medium risk trade - use small position
currently retesting but the visit to $0.40 looks inevitable. before the massive move to the ATH.
will come down to retest the 14176 area - before a big move to the 14730 region
The bears will get some profit on Mon 21/06/21 and Tue 22/06/21 and EUR/USD should retest the 5th of May 21 lows (1.18400 region). Then Wed 23 Thu 24/6/21 we expect further down movement. Target is the 1.160000 by Fri 25/06/21 AS ALWAYS SL at 1% of the account.
We noticed that last week got rejected from the 0.75200 area, forming a double top. Also forming a H&S. ATTENTION : Fundamentals CAD is strong, ( as it is related to oil price and end of lockdowns) this is why we open a short position with a tight SL. If we breach the 0.72800 area ( our TP) then further down movement is expected to 0.70000 AS ALWAYS THE...
Currently on the 2nd drive ( impulse ) and £1.70 the next target before a big correction. We still hold as we are stoic and we are after long term BIG PROFITS.
Like sometimes in life, I have bad news and good news for you. Looks like the downtrend continues. The good news is, that you can now sell part of your coins and buy them cheaper - or you can load some more when we go down to £0.65 or even lower ! I have a buy order at £0.65 - to be on the safe side. Based on the trend line this should happen at some point on...
Watching the downtrend lately, we do not worry. We are patient and holding position. The brave ones could sell small part of their coins now and rebuy them if (or when) we retest the £1 area. I expect around Monday 19 - Tuesday 20 April, to have a clear view of the direction. Either way, before Friday 23 April I expect a big upside move.
I expect the weak dollar to continue. There will be some consolidation but the longer the delay the bigger the drop. I opened a short position with a very tight SL. As always nobody knows what will happen and it is the strategy that makes you money and not the prediction ( up or down).
following the massive publicity and "dump" by major players we now expect some normalization and slow uptrend. consolidation and retest of the FIB areas is expected but overall hold ( if you owe XRP coins) and be patient. It could take a few weeks but it will rise again.
downtrend in general. it should retest the 1.20570 and then further down movement to 1.19800 FIB used and zoom out for support / resistance lines
Last week we closed below a resistance area (1873 - see fibonacci from the daily ) Now I expect a retest but it may not go all the way up to 1873 - hence we can open a small position with a wider SL ( 1875). We may touch the 100 EMA ( around 1873.50 ) on the 1H chart) The direction is downtrend, and we expect a retest of the recent lows of 1855 area, but being...
FUNDAMENTALS: Considering the US elections outcome and especially Biden's slogans during his presidential campaign, strict enforcement for the complete quarantine of many US cities we expect a massive drop in all indices ( incl. NAS100). Biden's tax announcements will also push indices lower ( and USD higher). TREND ANALYSIS: We have reached the top of a trend...
High volatility - US elections - USD strength expected - GOLD will go down descending triangle. expecting broken support at 1,860 and then dive down to 1,750 by Fri 13 Nov 2020.
NAS100 has been in a downtrend channel. Just touched the trendline on Friday 30 Oct and got rejected on the 4H. Next target for this week 02 Nov - 04 Nov 2020 is 11,350 ( 61.8 Fib) and then down again to retest the 11,000 (6th of Nov) before a further upside movement next week 9th Nov. US elections next week - expect high volatility in general and strength in...