FOREXCOM:GBPJPY Hello Traders, drop a comment below to ask questions or make suggestions. Remember that market is reactive and not predictive.
AUDJPY overall been in a strong uptrend however recent hour time frames are bearish potential setup looking to short audjpy LIKE and FOLLOW to stay updated with my analysis
Halving approaching, retracement needed. With the current conditions, I would not be surprised if we see 3k BTC and 30k in 1 quarter only. Do it
I am not a fan of conspiracy theory so here is the logical deal. Most of you who had investments before the crash will benefit for this going to previous levels to recoup your losses. Traders also picked up on this idea and use it in their favour to make some money, helping the stock market to go up. It is logical to go with the trend, irrational is to stay on the...
Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone....
Overall, GBP/USD is trending downwards. Recently, GBP/USD trended higher into the resistance level of 1.22400. The UK employment data released yesterday indicated a massive rise in the number of people claiming for unemployment-related benefits back in April. The average earnings index and the unemployment rate were not affected as badly since the data are based...
BREAKOUT OF UPTREND WITH RETEST FOR GOOD OPPORTUNITY FOR SHORT DONNOT MISS
price is at an important support level we have seen price reject from this level already on 4 hour and daily I'll be buying back up to the top
My first idea LOL, I believe the pair will find enough strength for a buy since it is approaching/ touching a major support level of 1.08360 more or less. Currently waiting for price action at this level to see if it will break. If the price bounces, my target for a long order is at 1.08750. If price has enough selling power to fall below the support AND test the...
we could see price creating a third drive as a new lower high, respecting the 78.6% retracement region. we could expect the momentum to further drop towards the targeted area -great risk/reward
For months, USDMXN has been extremely bullish, however prices started to make converging swings, forming a symmetrical triangle. Prices broke out with a lower low and restested structure with a lower high which lined up with the 50% fib level where we often look for entries. My stop loss is above the wick and target is at the 161.80& Fib extension.
Using Fib Time zones. Going into halvening with major momentum. We are at a major zone time period right now. Going to see how this turns out.
Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let us get into a few points. I don't usually like broadcasting companies, but Westinghouse Electric Corporation is owned by VIAC. I believe it does look like many people think another breakout for VIAC will happen or are bullish. The...
Gbp is gonna fall. It is in wrong value in relation to British 2yrs bonds yields. The bearish scenario was also predicted in my previous post analyzing just price action and Gbp index. A poor bullish price action is due to the end of the month. April candle is closing in 1 day and the european national banks trying to push the monthly close somewhat higher as we...
Bearish engulfing is one of the most reliable trading patterns (along with morning star) and in 80 percent cases generates a bearish reversal. Here, bearish candle engulfed 2 previous days what is rather significant. Price usually pulls back to the middle of bearish engulfing pattern before further drop. That is what we observing on Euro index. We also reached...
Hello ! Key points : New trend starting after ABCD pattern First pullback occuring on 50% retracement Volume on uptrend is higher than downtrend Consolidation taking place ABCD Pattern This isn't a quite regular ABCD pattern, even though the time between AB and CD is almost equal (or near). What I look for when trading this pattern, is either the...
My stance remains bearish on BTCUSD due to numerous factors. At any case I would not buy bitcoin below yearly Central Pivot Range. Only above yearly CPR and above yearly A-up. What we saw today on 4 hrs was test of the high, some call it bull trap, stop hunt, false break but it is a test of a high in trend change. Price usually moves 5 to 10 % above the last...