What a roller coaster rallies on EURUSD .
Last week 800 pip drop ,
this week 500 pip pullback! Damn!!!
the market closed very very close to a resistance line of a major falling channel on Friday.
with a perfect match with a horizontal daily structure, we consider 1.15 - 1.24 to be a key decision area.
so many speculations about the future direction of sterling:
someone says that it is undervalued and it will soon recover,
someone says that corona will destroy British currency against usd.
to avoid this ambiguity I suggest you watch the reaction of the pair to 1.2 level.
it is truly a key level - brexit...
Depending on market open, we could see a gap to the upside to help gain a better entry. Im confident with recent price action for us to continue lower, as well as global macroeconomics to keep pulling us down. Wether we fall from hereat 1500 or peak at 1560 is not clear, but with that being said, if you scale in you short positions every 200 pips, you can increase...
EURUSD is approaching a support line of a major falling channel .
though many traders have already jumped in longs aggressively,
be cautious and remember that here we trade against the trend.
because of high volatility there is a huge chance to see a false breakout with stop hunting,
so it is better to protect...
EURUSD keeps rising.
so many traders are struggling with the identification of the next pivot point for the pair.
and indeed: just during the last two weeks, at least 4 key levels were easily broken to the upside without any hesitation.
on Friday the pair has reached an important historical area of resistance and the...
Possible sells from the current supply zone. this could most likely lead to a lower low where we can set target at the higher tf demand zone.
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If this pair continues to drop to the demand zone marked, we will have an opportunity to buy this pair to continue on the bullish trend.
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I was asked a lot about USDCHF .
Analyzing 4H chart we can see that the market is currently entering a very wide zone of demand.
this zone is based on a rising trendline and horizontal structure.
Chances are very high that we will see a bullish reaction from this zone at least to 0.992 level.
for now, it is...
In my view, AUDNZD will be bearish the following days.
The market has recently reached a major trendline and we see a clear rejection + dodji formations.
+ note RSI divergence
I think that the pair will drop at least to 1.07 & 1.06 stucture levels.
Monday's signal went well and we see a bullish continuation on eurusd .
it looks like the market participants still take the boundaries of a rising channel into consideration trading the pair.
for this reason, there is a high chance to see a higher high higher close above the current resistance 1.117.