SGDJPY is currently trading inside this symmetrical triangle (in blue) waiting for a break either side to buy or sell. half risk is recommended for the sell since price is sitting at a strong support/demand area. waiting for a momentum candle close above 76.2 to buy OR waiting for a momentum candle close below 75.0 to sell
Where next for CADJPY I'm inclined to wait for a break of the resistance and a re-test and go long due to the Carona Virus outbreak in Japan But this will be interesting to see where this one will go
Resistance is resist and bitcoin was rejected by ~10500 zone. Will see, maybe it was a good place for a hedge short. Bought at ~10195, maybe it was just a dip. Risking ~0.5% of equity, stop loss is super tight. Also have orders in 10050 zone if we get there - less risky trade. Information is just for educational purposes, never financial advice. Always do your...
Everthing is written above there, just try to follow and be patient i use WMA( period 5)
HARMONIC TRADING SUPPORT AND RESISTANCE BOLLINGER BANDS DOUBLE BOTTOMS RSI STOCHASTIC DAVEN'S 4 RULES IT'S A CLEAR BUY!!!! GO LONG!!!
This pair is closing in, and it is getting ready for a breakout. It is expected that the AUD will be getting stronger, but sometimes expectations aren't met. Price and the RSI are paired up right now with the converging pattern. A break up is a long signal and a break down is a short signal.
After a nice reaction from 60.50 yday as highlighted in previous ideas price did eventually trade through it and now i feel that the 62.55 stops aren't safe, from here i will either be looking to buy it up around 60.60 if i get sufficient evidence and take it up to raid 62.55 or if 62.55 comes first i will be looking to sell to all those buy stops up there, once...