Thanks Trump... If the psychological support of 1.0000 is broken we can be confident that price will head down to below 0.9900 to close the gap that has been there for a while
Dogecoin has no purpose other than being pumped and dumped. Thus it is a truly natural market, where everyone is driven not by any rational arguments but only by a strong wish to make money. For a savvy speculator it is of no difficulty; though new players, driven by mostly by newslines and Twitter trends (which always appear too late), do consistently lose money...
After the RBNZ decided to leave rates on hold at 2.25% there has been a surge in kiwi strength, taking NZDUSD from 0.702 up towards the Weekly 50 MA at around 0.71500 (red line - psychological level). Where price is currently stalling and there is most likely some profit taking occurring as well, furthermore there is a Weekly resistance area just above the current...
My bias is towards the downside If price action falls below 155.00 psychological level might go short. Targets at 0.764
Break of 23.60% indicates downwards direction Watch 2.1050 psychological level to see if structure holds If it doesn't I have my targets placed at 38.2% 50.0%
HOPING TODAY USD/CAD WILL ATLEAST REACH 23.60% 1.2980 SEEMS LIKE ITS ON ITS SECOND ELLIOT WAVE UP?
Not a pending order. I'll see what price does and place my trade then.
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000)....
textbook setup. Price has failed to break the 1.10 psychological barrier several times so this could be a nice level to go short with a nice 1:3 risk to reward. if price does manage to break out of this barrier then next resistance to look to get short is at 1.11294 which is also in confluence with the 61.8 fib level.