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EUR was weighed on by the stronger buck...EUR was weighed on by the stronger buck, succumbing to further pressure as political risk in Italy has grown after Renzi’s ministers resigned, although the downside was relatively brief and it is unlikely snap-elections will be held. ECB President Lagarde reiterated the ECB carefully monitors FX and FX movements but do not target it, adding the ECB will be extremely attentive to FX impact on prices. Aside from EUR, Lagarde reiterated that if a larger PEPP envelope is required, the ECB will recalibrate, and if the ECB does not need to spend the full envelope, it will not. She was also optimistic on the start of the year. Villeroy also noted they are closely following the negative effects of the EUR rate. EUR/GBP possible third bounce at highlighted key level on trendline. Also aligns with 61.8% FIB.
by FTUKcom
6
analysis NAS100Hello traders, sorry about the delay, been going through personal issues. Now I'm back and better currently. We here to talk is the market is making pullback AKA retracement before moving to the upside of the market. Doing these times you would think the market will be currently crash for a long while but surprisingly the nas100, US30, and SPX are doing good right now even along the run-off election. I have provided entries and targets and patterns for you guys. Feel free to messages for the free group chat helping you to success the path of your trader experience. Never give up! Thanks for reading! Have a Blessed day!
OANDA:NAS100USDShort
by MonaySess
1
Bitcoin Concise Short TermPeople are probably worried they missed their chance or wondering where the next entry is. Here is a quick update for you to ballpark the next targets. I think anywhere around the rectangle is a good bet for an entry. There are several indicators and technical factors forming a confluence in that location. Watch out for the b wave up which could make a quick new high as a bulltrap, or conversely could extend into another impulse due to the market being already rather euphoric. The green target is conservative and the yellow is a bit more of a stretch. This might be a nice trade to go 10x and take 140% on... But this isn't financial advice...
Long
by mattcorwin1
Pattern: Morning Panic Dip-Buy Pattern->What is the Morning Panic Dip-Buy Pattern? This pattern is based on a wall of sellers that drive the market down in a short time. As you can see in the chart the wall of sellers show how market quickly sold off during the session of March 6th, after an all time high (not supported by demand). Leaving us with a first day candle of March 7th, with a volume as high as the all time high, opening and closing in the same price; this is a clear sign of strength because demand are now the leaders of the market. This day we had the possibility to entry in this new trend. ->What causes the Morning Panic? This pattern is caused by a new catalyst as a new, longs taking their profits overnight during the all time high, and sellers betting against the stock as it rose so high that it could not maintain. ->How the Morning Panic Plays Out? These stocks often close strong during the previous session (as the example did), sometimes this creates a gap up at market open and when gap up occurs, longs sell their shares to take profits. Be aware as the stock after the morning panic usually takes some time to settle into a cleat trend. ->Dip Buying a Morning Panic is a classic long position. Hope you have a great day!
A
by Fernando_132