As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=133.9.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=133.7.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
The low of 03/01/2019 started the Up-trend with a completed 3 Structural failures to the upside on 24/04/2019 making a higher high of 112.390.
What we have observed is price discounting itself. An opportunity to buy at a cheaper price level.
So, we have see a completed H&S inverted last week friday and we are looking for buyers to step into the usdjpy from...
EURGBP having clear signs of potential bears although price is still following this rising channel, so he best thing we can do is simply wait out this pattern until a clear breakout is spotted, otherwise if we try to trade for price to leave this channel without it actually doing so, then price will continue to follow this channel and keep stopping out a lot of traders.
Weekly timeframe - bearish
Daily timeframe - bearish
Simple trend continuation trading the 1hr lower high and rejection of the fib 0.618 and 1hr 50ema bounce.
Aiming for a new lower low to be made.
*** extended target is the weekly fib 0.618 retracement level at $1332
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LITECOIN HALVING: SELL THE NEWS
Previous Litecoin Halving Price Rallied 700% 49 days before Started crashing 73%.
Current Litecoin Halving Price already rallied 500% Could it raly further and have another big correction like last time?
BUY THE RUMOUR SELL THE NEWS!
Following the recent break down of the daily compression channel, although I think this could be a short lived move for the bears, there is a high probability that we will see that breakout retest zone hold some resistance.
There are two advanced ratio patterns completing at that level for an aggressive short for a quick one in and one out.
Good luck in the...
Heavily manipulation on this pair around the 1.33500 region so keep stops fairly wide.
Going in big on this move with 50 lots currently running and they have been running for the past few hours, experiencing many spikes and wicks. The wicks are leaving an overall bigger picture, especially on the 4H timeframe.
Despite the big running position, I'll likely be...