What Halving means?
Halving is a term common among cryptocurrency miners – the process sees the reduction of mining rewards of cryptocurrencies slashed by 50%.
The halving is the event, the moment when the mining reward is divided by 2, is commonly called "halving". Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the...
August 2016 was the last time Gold found its way higher than this zone, so we are expecting resistance once again and possibly another big sell off.
Start thinking like the big traders.. because this is where they have obviously set sell orders before so what makes you think they haven't this time? if they have we will have a large movement very soon.... Then we...
We saw this pair break bearish yesterday and break the trend line i have plotted. You can see price broke below that and retraced at support. Price is currently at 50% of that bearish breakout. We MAY see price break lower as divergence is also evident. Having said that, we may see price retest that trend line before a potential bearish move. If price re tests the...
History tends to repeat itself. we can see a previous move which happened from may 2nd to may 8th before a continuation of the bull market.
This is playing itself out now
so, we can expect another drop to 7,200 before a steady incline, surpassing 10k to 13K which is where the media will go apeshit.
Here is the move which was copied
. Ripple/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the Beginning...
Get a chart up, find some key levels and look at how well price respects them and how many pips you could have munched on buying and selling off these levels... No indicators were used here, just nice clean charts.
SIMPLE is better in forex and if anyone tries to tell you differently then run a mile ;p
Think of it this way, we all know the world is corrupt so...
I will be looking for reversals to form around 1347-1350 for a potential short. I do see Gold making a retracement to the 61.8-78.6 fib region or make it's way back down to 1275 for a swing higher.
So for potential targets
Target 1: 61.8 Fib
Final Target: 1275.000 (If there is a Weekly Closure below 1275 I will continue to hold).
If I do see any reversal...
I previously marked up a bullish opportunity and i have attached the analysis below. Since then, price traded higher and has retraced into what i would see as a flat correction. From this point on, price has the potential to move bearish toward our take profit at 0.70752
The stop loss has been placed at 0.69010 creating an opportunity with a 1:2 risk to reward...
We have an inverted head and shoulder formation, + break and retest of previous zone + hammer formation.
I expect this to rise massively, risk to reward ratio is very good on this setup!
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
Downtrend will continue in coming days at least till first week of July. Trump needs oil lower as an excuse for FED to cut interests. G20 is happening 28 of June and this gives him a perfect opportunity to increase tension and I expect market to take a week to digest bad news - we might see strong support of 43 in beginning of July.