Keeping a Stop loss of amount $100 USD we could easily place trade having wide SL which will be below the minor support level. It will have enough breathing rooms and as EUR, GBP doing well cause of there eurozone well reports on last Friday of the week. It went well for EURUSD and GBPUSD as we know. Getting back some strength on European currency I guess it will...
Due to the overall bearish sentiment in the GBP because of the latest developments regarding the no-deal Brexit and potentially a second referendum in November GBP/CAD pair looks weak and is expected to further slide after the Mondays' retracement. Furthermore, CAD is supported by strong fundamental data and the strong oil prices that are set to further rise in...
Megalodon Pro+ Short term isolators turned green! All we do is set alarms and get notified when there is a buy or sell signal . Meaning, you can actually automatize your trading process with Megalodon indicators! Become a Megalodon today! -------------------------------------- Swing and day traders —> Look for 1D confirmation(green rectangle close) on...
Megalodon Pro+ Short term isolators turned green! All we do is set alarms and get notified when there is a buy or sell signal . Meaning, you can actually automatize your trading process with Megalodon indicators! Become a Megalodon today! -------------------------------------- Swing and day traders —> Look for 1D confirmation(green rectangle close) on...
var tradingview_embed_options = {}; tradingview_embed_options.width = '720'; tradingview_embed_options.height = '480'; tradingview_embed_options.chart = 'CjY0z8cG'; new TradingView.chart(tradingview_embed_options); Trading the STRONG against the weak! (currency strength calc) by safv6 on TradingView.com
Trade is based on rising strength of Canadian dollar on monthly currency strength chart and the correspondent ultimate weakness of Swiss frank right now. Though within daily strength / weakness perspective those currency pairs are on about same level though, slowly they are moving in opposite directions in terms of weakness / strength and this separating move is...
As I mentioned yesterday, I am keeping a close eye on growing signs of YEN weakness. As stated in that published idea , a break below the current uptrending channel is just one sign of possible trend change. Since this has been a strongly trending market, a trend change will likely look more like a range, the duration of which is still to be determined. I placed...
Will btcusd retrace to 38.20% before breaking the resistance (7085.20)? Entries at 6634 (38.20%), or if it breaks the 7085 barrier and retests the new support, our target will be 8000/btc, and over all target will be next possible resistance 8435/btc!
Over the next 48 hours, we may see large moves in FX. At present we have a compression of volatility (see currency strength chart). This suggests that volatility will increase over the next day or so. The trade here is: Trade in the direction of price action and hold the trade. A trend following strategy will work better than a mean reversion approach.
In this pair we see a clear uptrend, and a pullback to support. The price is over the weekly pivot, I drew two Tom Demark trendlines showing where I expect it to break. A safer bet long would be on the breach of the daily pivot with a stop below even handle support at 0.7700. Daily currency relative strength shows USD and NZD on top, with JPY closely following...