After clear price action showing us that the market is breaking higher highs along with local areas of resistance we look for the next push up that's the 2nd wave. This is an aggressive but optimal trade respecting the 3:1 ratio for risk-reward.
Price has reached a strong support on the monthly, weekly and daily time frame. Looking for a bounce from this point and going long, also now resting on the 0.236 Fib retracement from the highest historic point, to the lowest.
Hello everyone, here is the top-down analysis for USDCZK, feel free to request any pair/instrument or ask any questions in the comment section below. If you like the idea, do not forget the like! Best of luck!
The pair will fail to break out from a major downtrend resistance line, which will send the pair lower towards its previous low. While western Europe is struggling to revive its economy, its eastern counterpart led by the V4 nations is helping the region to go back to its feet. The Czech Republic posted its Consumer Price Index reports on Friday, October 16. The...
The improvements seen by the Czech economy is helping bearish investors keep the USD/CZK pair grounded. Prices aren’t expected to rise anytime soon and are on track to crash towards their support level by the first few days of September. The move should push the 50-day moving average much lower against the 200-day moving average, suggesting a strong market for...
USDCZK OUTLOOK FINAL WEEK OF JULY
Expect a retest of support in the next few days. Then there will be 2 scenarios : A) Price bounce marking a double bottom and possible bull run or back to the range B) Support is broken -> Ideal scenario as this would open up a huge gap to the downside How to trade it? Well, I have entered on the break of 4H support and will reassess when D support is reached....
The market after a sharp drop retrace till the 0.382 fib level and hit the ema 21. At the moment market is breaking the support trend line and when it will break and close below he structure we can set a short order according to our rules. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question....
Hi there! Once again, all explanations are in the chart. Pretty simple setup to be honest. If the pair closes above most recent swing high the idea will be invalidated. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be...
Hello traders! USD/CZK seems having reached a good support after a long downtrend! - BULLISH ENGULFING PATTERN appeared on the 11st of June - BEARISH MOMENTUM looks always weaker - MACD LINE is really closed to cross the SIGNAL LINE Remember to put a stop loss in order to secure your capital! Not a financial advice. Enjoy your trade!
After coronavirus czech koruna has fallen a lot against dollar. The difference between top and bottom is 15%. I think right now we're painting a left shoulder. Then we will paint head and right shoulder and then we will go back to normal price of czk.
FOLLOWING LAST WEEKS DOWNTREND WAITING FOR RECTANGLE TO BREAK OUT OF CONSOLIDATION 4 HR FULL BEARISH CLOSURE BELOW 24.14005 CONSOLIDATION, ENTER SHORT
GLHF, stay at home and trade at your own risk!
Please support this idea with LIKE if you find it useful. Price was rejected by the Higher Boundary of the Descending Channel and formed the Evening Star bearish candlestick pattern. If price loses the mid line of the Descending Channel we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it...