As a follow up on my weekly chart, this is an inverse head and shoulders pattern on the shorter-term chart. This is another indicator of a breakout to the upside.
Silver is at a multi-year resistance level, a break above this neckline would be a very bullish move. There is also an inverse head and shoulders pattern on the daily chart. I will post that separately
Only entering this trade if we have a bullish engulfing over asian session candles. I do 300-500 pips a week. Telegram Signals in bio. Quick enter and exit trade for 30-100 pips. Market psychology. The banks and firms do exactly the opposite of what the retail traders do. That's how they make their money. This, if criteria are met, will be the perfect example.
The USD looks likely to move lower across multiple pairs and in this video we highlight the currency pairs of interest. USDCAD is high on our watchlist as well as USDNOK and USDSGD as these currency pairs are lining up technically with our bias.
Need to wait and see how this 1h and 4h candle close but so far looks like, dollar is making a nice rising wedge and if it breaks below, USD downfall will continue My telegarm group: t.me
Updating my idea on Bitcoin - USD Dollar () in more detail. I have 3 limit sell orders open at levels $9477, $9900 and last level 10180 USD, my first take profit target at $8000, second $7100 and third $6370. Stop loss at $11000
Open sell position on USDJPY 111.91 SL - 112.17 TP - 111.10 RRR - 1:3
My Friends, USD\CAD Just confirmed A downtrend Change on daily\hr4 Candle, I will wait for the levels I mentioned and enter short, just as I mention on all the chart take as much profit as you can and re enter with good stop loss, as of me I trade with higher lot\quantity I always take profits fast and wait for new opportunity, Good Luck. *Trade at your own Risk.
Open short position on 2717. SL at 2742 and TP 2623. So RRR near 3.8. But a big stop loss is required to use a small order value.
I have SL at last sell order on USDJPY. But price going so slowly up that i still waiting for fast sell movement. Lets try make sell order from 109.91 to 108.50 TP and SL=110.17 RRR - 5.3. Write in comments your opinion about this position on USDJPY.
Sold USDCAD but idea was removed due to breaking house rules- have reuploaded, we sold after NFP numbers looking for a repeat of USDCAD pattern we saw in early 2017 and a retrace back to 1.28-1.29 area.
USD/THB is in a down-down trend, as evidenced by the 3-6-20 MACD signal line and 12-26-9 MACD signal line. It is also trading within a relatively wide channel (two parallel green lines). I have included the 7-day Moving Average as well, because since the middle of December, the MA has served as a reliable resistance level that the pair has yet to meaningfully...
Break and retest of trendline. Close below MA. Double Top. TP around both horizontal support lines.
Technical trendlines show that this recent rally should be paused soon and the descent will restart where will shall see EURUSD hitting 1.3000 and GBPUSD 1.50000 and USDJPY going to below 100.
Entry: 0.72009 TP 1: 0.72097 TP 2: 0.72210 TP 3: 0.72453 SL: 0.71885
its a safe bet. set a stoploss at .75348, the rally might finalize after it passes the red line