Panki

Panki

You can't always trust statistics, but sometimes they can give you a glimpse of an idea of what is going on. Let's use a simple statistic to try to predict where the market might be heading if we are entering the Bear Market. Keep in mind that as for today we might be dealing just with the correction, I'm not saying we are in the Bare Market I'm just trying to...

Panki

EURJPY has just returned back to the zone from which It recently bounced very strong. I expect a bit of accumulation and price can shoot straight up.

Panki

Not the pair I usually trade but considering circumstances it might be worth trying. As the title says, USDTRY has reached an all-time high zone. It doesn't mean that price starts to retrace from there but it might.

Panki Updated 

short trade. Price is going to "Last Kiss" the strong support it should follow down. Fundamentally Oil price should start go higher as OPEC situation looks to get stabilized this should have good influence for CAD price. USD should get weaker due to huge amount of money invested in the market by FED. It is only a suggestion, your money might be at risk ;)

Panki Updated 

As you can see, price reached supply zone and start to decline slowly. Divergance can be seen on 4H RSI. I entered the short already

Panki

Risky trade, USDCAD is in a strong downtrend, but it has now reached a recent demand zone, the price might bounce to supply zone. Good risk to reward ratio.

Panki Updated 

For the last days, we were able to see AUDNZD in a nice uptrend. There is a potential supply zone, where the price can change to a downtrend or at least do the correction. Note that the uptrend looks strong, so the price might only consolidate in the supply zone and continue upward. I will go short after observing stron reversal patterns e.g. divergence, shooting star

Panki

For sure I will be watching this pair. It is nearby strong horizontal resistance, on the other hand, it also falls in the downtrend, wait for the breakout and retest of the resistance (trendline for upward movement or horizontal line for downward).

Panki Updated 

EURCHF has been in a downtrend for some time already, but I expect the pullback from the support area to at least fib 0.236 level. I will enter after seeing a confirmation candle. the support line

Panki

Long trade. Strong support nearby, I'm planning to enter after confirmation candle on the marked support zone. TP split into three parts. First is nearby the trendline from which price might bounce back to the support then it should bounce back higher. After reaching TP2 I will move the stop-loss to the entry point.