EURGBPTF: 4
I was looking to short this pair last week; however, price moved high quickly and dropped shortly after making a H and S pattern. Currently the right shoulder could be in the process of being completed. I am looking to short and entered in as shown on the chart. Bearish divergence can also be seen on the RSI. I am expecting a large move down.
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VIX SWING LONG TRADE IDEADue to the high volume of superspreader events, this is a long trade. Forecast another outbreak, exponentially worse than our last outbreak, as well as another lockdown.
As 3TUSD was approved by the senate for stimulus relief, it's a safe bet that those in power are preparing for what I dub to be, "The Greater Depression"
As always, I am no financial advisor so happy trading!
-ZM
Cup And Handle ☕️ 🦐A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
UJ support zone mark ups 30 minjust looking at some basic support zones on UJ that I like. Clearly in a downtrend on the 30 min, going to wait for a set up and see if it breaks above and retests for a buy or drops below a previous support for a sell. Only looking for shorts for now as it is in a clear continuation to the downside for now. May 7 2020
[USDJPY] Sell idea! Head & Shoulder ReversalUSDJPY is currently in a major level of support where price can either go up or go down. Price is going to move down and form a perfectly executed head and shoulder Reversal. I see price dropping initially down to the last lowest wick, retracing back to entry and then making it's official breakout for the sell.