Analyse
DGB opportunities dailyAs you can see I drew a fibonacci retracement from the lowest low to the highest high, trying to find the sweet spot for my entry point. Both MACD and RSI are not sending any signal to rush for a quick buy.
So lean back, relax and wait until the chart drops below the first resistence level at 0.00000077 (yellow rectangle ) based on the fibonacci retracement (0.382). See if the chart also drops below the resistence at 0.00000073, which was the lowest point of the current downtrend. If it does, the organe rectangle would be a good area to place your entry. If it doesn't the yellow rectangle would be a good spot.
USDCAD SHORT, DPotential short for USDCAD
possible reversal in the highlighted zone, confirming a double (rain) 'drop' top ;)
could also retest the trendline first, for a third bounce strike rule ..
TP's based on previous resistance and support on a line chart.
I think Ill wait till this candle close, otherwise for a bounce on the trendline before Ill enter this trade.
EURAUD---past trend analyse ---open discussion comment your thoughts about it
Note:
Blue arrow: Correct uptrend
Green arrow: Correct downtrend
Red arrow: Wrong Trend( but you thought it would be correct) comment on it
Blue Horizontal line: Resistance ---- think of blue sky
Grey Horizontal line: Support-----think if rock land
:)
EurUsd move like teeterboard?We all wait for NFP, and unfortunately, I have no idea what I can see, but! I have 2 scenarios, that I light in blue triangle. Also, you can see black support, and if we break it, we can sell, or if not - buy. I guess tomorrow on NFP news plus another news would be one direction move, but teeterboard.
Take care.