Today we expect US inflation (CPI) data to be released.
This is some of the most important news right now, and it's making a big impact.
Regardless of the values, we expect big fluctuations at the time of publication!
Anyone who does not have experience and prefers more relaxed trading is recommended to just watch the movements!
We have identified the...
Hello,Traders!
USD-CAD was trading along
The rising support line
But then a breakout happened
And so we are now bearish
On the pair and after the
Retest happens we will
Be expecting a bearish
Move down
Sell!
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This it's the continuation of the analysis that I'm still in long position, but as I closed up my long position, but now, in the good point to enter could be here. And I will cancel my short as it's not the good moment to short Euro when still bullish.
I will hope the candlestick formation and we hope a bullish signal in the price action in hours more later for...
Hello,Traders!
GBP-USD is trading in a
Local uptrend and the pair
Broke the key horizontal
Which is now a support
And is now retesting
The demand level
From where a bullish
Reaction is possible
Buy!
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sail long term breakout as per my analysis steel industry continue upside this months due budget coming we see good move after infrastructure budget positive
JSE:CFR has reached a previous resistance level. The run up has been impressive; ideally I would like to see a brief consolidation before a breakout but we gotta respond to price action not to our wishes. Price action pays.
NASDAQ:MOMO is at an area of value. Took a position when it broke out of that orange-ish thing. So far the position is moving in the right direction. We would like to see NASDAQ:MOMO break above this level and continue with the upward movement.
IDXX had a strong move last Friday on high volume that brought it to the top of it's 2 months consolidation range high of 447.80. The following Monday (9 Jan),it formed a little Doji Candle just slightly above this level , perhaps traders were still skeptical if this break was for real. The day after, on 10 Jan, it staged another decisive move higher, increasing...
$EUR - Sit & Wait for CPI
As we have CPI tomorrow, we could be stuck in this range until then but overall it's a break to either direction and are the lower prints of inflation already implemented into price. Interesting times ahead!
Trade Journal
NSE: EDELWEISS is closing with a bullish candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing...
GBBJPY was caught in a flag pattern for a few days. As analysed the other day, I still expect buys in this market. Price has broken out of thew pattern, and currently giving a retest. The price should reach 161.790
After the recent breakout in XRP the 30 min chart is flagging nicely. This isn't a guarantee that the move will continue, but it could set a nice standard for the next leg up.
Yesterday, EURUSD held above 1.0700 and made almost no correction.
This prevents us from entering into a trade and we will wait for a better opportunity.
Tomorrow is the important inflation news and we expect big swings again.
We will be looking for an entry only upon correction and confirmation!
XRP has been in the current descending wedge pattern for about 14 months. If it can break above and hold this level we could see some 'God Candles' in our near future.
