FCPO price in Bearish Fibonacci Structure and looking weaker in short term. 2120 - 2050 range maybe next few days before the price form another clearer structure and direction.
I am new to trading and recently started to publish my analysis. Any advice or feedback is welcome via comments or in the chat. Looking for opportunities to learn new information & techniques. I have done some analysis on the GBP/AUD . The analysis has been done on the 1 hour candlestick chart and I will be keeping an eye on this pair. This is a Bullish trend,...
Hi Guys so as we can see the dark red trend line is still the most bearish trend line of all in this BTC bear market. It already brought us down from the 6k levels. The only way right now to cross this trend line is with the 200 MA weekly support which crosses the Trendline at 22. - 24. April and at 3.5k levels. Opportunity to short at the Trend line and buy at...
This is is a very simple setup. EUR/USD has been in a channel since February 2019 and it is represented by Yellow trend lines. It also has a nice Inverted hammer on the 4-hour chart. You can look to take profit at the Previous low or at the bottom trend line. If you really want to push it then you can short it to the green trend line below it as that is a very...
1)If break out green trendline, probably will go target in vertical line or 261,80% Fibonacci(US$ 63.49). SHS inverted. 2) Wave B Elliott 3) Strong resistance at the green trendline.
Expecting the market to break the trendline up for long or the counter trendline for short.
SELL NOW at :0.72987 SL:0.73426 TP1:0.72012 TP2:0.69719
Buy now Stoploss: 1202.24 Takeprofit: 1236.83
USD JPY (US Dollar / Japanese Yen) Also known as trading the “gopher” the USDJPY pair is one of the most traded pairs in the world. The value of these currencies when compared to each other is affected by the interest rate differential between the Federal Reserve and the Bank of Japan.
price action showing buyers are still in control of this area
NZD USD (New Zealand Dollar / US Dollar) This pair is the New Zealand Dollar vs. the U.S. Dollar. It is often referred to as trading the “Kiwi” because the $1 coin depicts the Kiwi bird. In 2012 the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world. SELL...
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of...
Entered back into the initial FAILED o uptrend because of its steep slope resistance is strong around 7750- 7820 Looking for a close (D) above 7.8 before the next big push forward As previously stated we have not moved back for a retracement (just sideways movement followed by upward swings) Trendline/Slope is very aggressive I predict a fall back into the...
Took some profits of my position yesterday where I went long. Now should be seeing a nice pullback to around 1.17260 (61.8 FIB). We respected the trendline so I'll be going short. I'll be risking around 20 pips for a 100 pips reward. Nice 5 RR ratio.