I will be placing buy positions when price reaches our weekly demand level. I expect buyers to come into the market in this zone pushing this pair further up and continue the longer term bullish trend.
I am one of those traders who are waiting for a strong correctional movement on dollar.
during many weeks I am looking for reversal clues on EURUSD .
one of those is a lower high formation within the expanding channel that the price is currently following.
it is a strong indication of a weak bullish sentiment...
It is possible that EURGBP will continue its H4 downtrend to the lower support zone (around 0.888). The market is making lower highs and lower lows which is by definition a downtrend. A medium-to-large sized bearish candle closing below 0.89377 will be the signal to place a SELL on this currency pair with a stop loss placed just above the previous high (SL =...
Looking at the past months bullish trend SKT is open for a healthy swing . Entry arround $7 point exit anywhere $9+ , Holding for a maximum of 10 days . My stop or bailout indicator would be a retest of the bottom trendline .
Hi everyone this is my first post, I hope you find this information valuable.
GBPJPY has broke and retested a previous support/resistance. I would recommend placing a BUY but ONLY if price action still supports an uptrend when the market opens next week OR if a new bullish price action signal is formed. The market is likely to open below the previous close and...