Today I will be analyzing indices and USD pairs. I expect some USD strength next week. Disclaimer: This is just my analysis which of course can be wrong. So do your own analysis before investing or trading
How to use and spot Divergences between correlated assets. and use it in your favour.
Price could rise towards our sell entry at 33697.3, which is at the right shoulder, to continue its bearish momentum. It aligns with the 61.8% fibo retracement and 78.6% fibo projection as well. Our stop loss is above the head of the head and shoulders pattern, which is at 33918.4. Take profit is at 33354.4, which is a swing low support level. High Risk...
Price is rising towards our sell entry at 33876.3, which is a pullback resistance level, aligning with the 23.6% fibo retracement and 61.8% fibo projection. Our stop loss is at 34092.9, which is an overlap resistance level, placed slightly above the 38.2% fibo retracement and 100% fibo projection. Take profit is at 33650.3, which is a multi-swing low support...
Price is hovering above our buy entry at 34043.3, which is a multi-swing low support level, slightly above the 161.8% fibo extension level. Our stop loss is at 33876.3, which is a swing low support level. Take profit is at 34306.4, which is a pullback resistance level and at the 61.8% fibo projection. High Risk Investment Warning Trading Forex/CFDs on margin...
Price could fall to our buy entry at 34569.2, which is an overlap support level, aligning with the 61.8% fibo retracement and 61.8% fibo projection, showing that this is an area of fibo confluence. Stop loss is at 34425.4, which is the swing low support level, and 78.6% fibo retracement. Take profit is at 34739, which is a pullback resistance level. High Risk...
Price is approaching our sell entry at 34690.7, which is an overlap resistance level and aligning with the 61.8% fibo retracement. Our stop loss is at 34905.5, which is a multi-swing high resistance level. Take profit is at 34289.1, which is an overlap support level and aligning with the 78.6% fibo retracement. High Risk Investment Warning Trading Forex/CFDs...
Price is rejecting to break past our sell entry at 34604.2, which is an overlap resistance. Our stop loss is at 34886.2, which is an overlap resistance, and above the 50% fibo retracement level to give space for price to breathe. Take profit is at 34248.2, which is an overlap support, 61.8% fibo retracement and 61.8% fibo projection level. High Risk Investment...
I will be buying UA and will target 22 level and may leave part open if it goes up more than that
We don't like standing still, so now I am keen to launch our strategy for stocks and indices. Same ideas as our FX one and we have optimised settings for the below pairs. There aren't meant to be shortcuts in this game, so we created them instead. Please see the link to strategy script in related ideas too. Thank you Darren