Another update on EURUSD, Ive entered longs to hoepfully catch a reversal point to the upside but am still watching for every other scenario aswell.
A short video on the US Dollar. Dollar strength could be here to stay.
the EUR is now weaker than the USD, price has broken its weekly zone and now we have exhaustion back to that zone, now we are waiting for entry confirmation for a sell to our daily zone
we have seen continuous strength in the GBP and consistent weakness in the CHF, so what we will be waiting for on this pair is a minor exhaustion back to previous high and entry confirmation to place a trade with our final take profit at our weekly zone
you might have heard me or David talk about impulse moves during our analysis, but what are they? in summary an impulse move is the first injection of buy or sell pressure off an area of sensitivity, taking out the limit orders that are within that zone.
the GBP is at a +7.6 and the USD is a -4.4 - we have been waiting for a break of its monthly zone for quite some tine and we might finally see that in the next few days, we will be waiting for a break and minor exhaustion on a lower timeframe to look for price action and entry confirmation at previous high before placing our trade to the upside to our next weekly zone
we get lots of questions asking us how we set our zones and what makes a zone a monthly zone, weekly zone ect ... so I have created this short video explaining how we do it here at FXG
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for ETHEREUM , feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Similar pattern as show in previous post . i will link. them below have a check on them. nice long setup hope you enjoy your trading day
on H4: ETHUSD is sitting around a strong supply zone in green so we will be looking for objective sell setups. this one formed an objective trendline in red so we are waiting for a momentum candle close below its last swing to sell. we also have a regular bearish divergence on MACD adding more confluence to our setup.
3 REASONS TO SHORT * HEDGE FUNDS BUILDING SHORTS * U.K. OPENING UP ECONOMY * BORRIS JOHNSON POSSIBLE DEAL IN JUNE ON TRIP TO BRUSSELS TO MEET WITH EURO LEADERS IM IN BUYS RIGHT NOW BUT WILL BE CLOSING SOME OF THEM SOON OR MAYBE MY STOP LOSS WILL GET HIT IN PROFIT. PLEASE LEAVE YOUR COMMENTS OR IDEAS AND LIKES. THANKS MATES. ENJOY!!!
Waiting to see if Price can break above 1.3050 - 1.3100 resistance and reach 1.3150 - 1.3250 region before the next wave to the downside towards 1.2900 support.Price is in a clear downtrend on higher time frames so we're just treating this as a correction move unless previous highs around 1.3320 are taken out.
Looking for USDCHF to find some structure at resistance around 0.9940 - 0.9960 and create a new Lower High before pushing down towards key 0.9800 support level.
Price is in clear consolidation however i'd like to see a slight retracement to the downside towards 1.2750 - 1.2700 b
The AUDJPY is in a prime position to hold a higher low and push up to start the squeeze on recent sellers
The Federal Open Market Committee (FOMC) is expected to unveil another rate hike this Wednesday, December 19th 2018. Probability of a rate hike is quite high, as a neutral or easing federal funds rate would indicate "a need for stimulus" in the U.S. economy (God forbid the FED indicates weakness in the economy while the stock market is sitting just above critical...