. There is still a possibility of temporary retracement to suggested resistance line (1.2613). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
. There is a possibility of temporary retracement to suggested support line (147.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. ETHUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
GBPUSD is about to start its upside but its not long term trading ! It's only for a few weeks. Its going to have a lower low after its finished the pattern that is forming now.
Beautiful pattern if its going to work, don't miss out on it.
See my previous chart about GBP and see my prediction on it !
Trade Safe Trade Simple
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=121.8.
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=121.5.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
We are looking at bearish divergence on both the MACD and RSI, while Bitcoin (XBTUSD) moved down and close below EMA10.
Bitcoin peaked and is retracing now. We can see that EMA50 ($8594) is working as support.
If this level breaks, we are likely to see Bitcoin move lower and hit the $8276 - $8128 price range.
We have both indicators trending down as well as a...
NATGASUSD update. Continue. The target price will not change. What has changed is the corrective wave structure. I'm waiting for an accelerating descending wave sequence. The target price remains at 1,408 usd
ADA/BTC has double bottomed at a key zone. This alt will fly soon and this sure looks a good entry. I would buy and hold, instead of putting a SL in place. Wicks will take you out a good trade otherwise
Two decent gold trades i'll be looking to take. Some fresh liquidity still available. May only take whichever comes first and see how the market reacts. These were planned on the 5 min TF so offer a pretty tight stop