About meFull time trader since two years ago
Main technical focus on : Simple trading
as what is known as Naked forex regarding the following:
Support & Resistance , Trends (breakouts breakdowns),Candlestick patterns , [[Harmonic patterns (all patterns)inclu
US President Obama authorises air strikes in Iraq
President Barack Obama said he authorized air strikes against militants in Iraq if they threaten U.S. personnel and dispatched planes to drop food and water for trapped civilians.
Obama said the U.S. will strike Islamic State militants if they move toward the Kurdish city of Erbil, where the U.S. has diplomatic...
Rate is expected to remain @ 0.5% = long
The Bank of England is expected to keep both its key interest rate and the amount of the bond-purchase program unchanged for another month, and will likely turn into a non-event for the Cable in the absence of surprises.
The GBP/USD currently trades at the 1.6840 zone, 0.08% below its opening price, although from a wider...
EUR/USD year end target, 1.3000 - Scotiabank
"France is alone among its major euro area peers in maintaining a sub-50 (contractionary) PMI of 47.8, however the mitigation of downside concern is important in an environment of low, disappointing euro area growth. We remain biased to further downside in EUR, with an updated forecast highlighting a year end target of 1.3000."
First of all price may head down to the support level , but if you are aggressive trader just like me enter immediately
Reason 1) price right now in support level
2) Hidden bullish RSI divergence (meaning the price will continue on its original trend) although it didn't complete yet
3) Trend uprising
Fibonacci from last low-high is measured between 0.618 & 0.786