TrollTrading

TrollTrading

Is this finally it gang? -_-

TrollTrading Updated 

Day candle closed below 108.450 and shows a reasonable momentum candle for the next session. Would recommend day traders to look for short entries in the coming week as price action retraces down to around the 108.000 area for the pragmatic traders, and around the 107.300 area for those a little bit more adventurous.

TrollTrading

The pair sure as hell took its sweet time, but here we are. Continuing from our previous post to take short positions and hold them, mostly based on the US + China trade war, and the less than impressive brexit progress (link below): Once the pair breaks through the trend line, sell on the pullback. Pragmatic traders can take profit in the 108.000-ish...

TrollTrading

The last time the pair fell to area 1.130xx area was back in 31 Jul 2019, where it was rejected. Projecting the same outcome, we have aligned a fib retracement to that price level and suggest taking short term long positions on the the upside swing. The CCI is oversold on the daily chart, which implies that a correction is in order soon. We suggest swinging up...

TrollTrading

The pair is heading towards the 1.12xxx area where it was rejected during its last visit. Using overlapping Fib retracement, we think momentum will slow once it reaches that area and consolidate, giving short term traders opportunities to swing bearish positions in the pressumption that the pair will get rejected again. Take short term sell positions till the...