US 500 time to Death or LifeUS 500 is in a critical condition, where if it loses the supports it can still go down a lot.
Let's analyze the main scenarios:
Bearish Market:
The blue diagonal is the main support where if it breaks down, the price will drop towards the average 200 (blue) and then towards the support $ 3400 - $ 3200 or the top pre covid crisis of 2020.
Bullish Market:
The price bounces on the blue diagonal (the first support) or on the 200 average forming a rising low and then starts again and breaks the red diagonal as a technical resistance and a downtrend line to look for new highs and (perhaps) formalize the end of the bearish trend.
We with LPI believe that the market is in a bearish trend and that until the red diagonal is broken we do not recommend any trading.
LPI, Grow with us.
ETH-USD
ETHUSD Potential for Bullish Momentum | 2nd September 2022On the H4, with price breaking out of the descending trendline and moving above the ichimoku indicator, we have a bullish bias that price will rise from buy entry at 1559.82 where the overlap support is to the take profit at 1725.44 where the swing high resistance and 50% fibonacci retracement are. Alternatively, price could break entry structure and drop to stop loss at 1419.94 where the swing low support, 61.8% fibonacci projection and 161.8% fibonacci extension are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation| 1st September 2022On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop to sell entry at 1559.82 where the overlap support is. Once there is downside confirmation that price has broken entry structure, we would expect bearish momentum to carry price to take profit at 1419.94 where the swing low support, 61.8% fibonacci projection and 161.8% fibonacci extension are. Alternatively, price could rise to stop loss at 1655.51 where the pullback resistance, 100% fibonacci projection and 78.6% fibonacci retracement are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation| 31th August 2022On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop to sell entry at 1559.82 where the overlap support is. Once there is downside confirmation of price breaking entry structure, we would expect bearish momentum to carry price to take profit at 1419.94 where the swing low support, 61.8% fibonacci projection and 161.8% fibonacci extension. Alternatively, price could rise to stop loss at 1655.51 where the pullback resistance, 100% fibonacci projection and 78.6% fibonacci retracement are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Ethereum #eth Possible move to $1650 #eth #ethereum possible setup - if it stays above 1560 after breaking the TL then we are looking at a move to 1650 area. if it cannot keep above 1500 I am looking to short it to 1340 and if it doesn't hold there then we are looking at possible 1260-1285 area.
ETHUSD Potential for Bearish Drop| 30th August 2022On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from sell entry at 1559.82 where the overlap resistance, 50% fibonacci retracement and 78.6% fibonacci projection are to the take profit at 1419.94 where the swing low support, 161.8% fibonacci extension and 61.8% fibonacci projection are. Alternatively, price could break entry structure and rise to stop loss at 1655.51 where the pullback resistance and 78.6% fibonacci retracement are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation | 29th August 2022On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from sell entry at 1464.00 where the pullback resistance is to the take profit at 1357.12 where the swing low support and 78.6% fibonacci projection are. Alternatively, price could break etnry structure and rise to stop loss at 1559.82 where the overlap resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation| 26th August 2022On the H4, with price breaking out of an ascending channel and reversing off the stochastic resistance, we have a bearish bias that price will drop to the sell entry at 1642.25 where the pullback support and 50% fibonacci retracement are. Once there is downside confirmation that price has broken entry structure, we would expect bearish momentum to carry price to take profit at 1357.12 where the swing low support and 78.6% fibonacci projection are. Alternatively, price could rise to stop loss at 1792.30 where the overlap resistance, 50% fibonacci retracement and 61.8% fibonacci projection are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for bearish drop | 25th August 2022On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to the sell entry at 1642.25 where the pullback support is. Once there is downside confirmation that price has broken entry structure, we would expect bearish momentum to carry price to take profit at 1357.12 where the swing low support and 61.8% fibonacci projection are. Alternatively, price could rise to stop loss at 1792.30 where the overlap resistance, 50% fibonacci retracement and 61.8% fibonacci projection are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation| 24th August 2022On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from the sell entry at 1642.25 where the pullback resistance is to the take profit at 1357.12 where the swing low support and 61.8% fibonacci projection are. Alternatively, price could break entry structure and rise to stop loss at 1792.30 where the overlap resistance, 50% fibonacci retracement and 61.8% fibonacci projection are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Continuation| 22th August 2022On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from the sell entry at 1642.25 where the pullback resistance and 23.6% fibonacci retracement are to the take profit at 1357.12 where the swing low support is. Alternatively, price could break entry structure and rise to stop loss at 1792.30 where the overlap resistance, 50% fibonacci retracement and 61.8% fibonacci projection are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 19th August 2022On the H4, with price breaking out of an ascending channel and reversing off the ichimoku resistance, we have a bearish bias that price will drop to the sell entry at 1792.30 where the overlap support, 38.2% fibonacci retracement and 100% fibonacci projection are. Once the entry structure is broken on the downside, we would expect bearish momentum to carry price to take profit at 1642.25 where the pullback support and 61.8% fibonacci retracement is. Alternatively, price could rise to stop loss at 1916.72 where the pullback resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Trend | 18th August 2022On the H4, with price moving within an ascending channel in a bullish bias trend. We're looking at a pullback buy entry at 1807.63 where the 61.8% retracement sits and our take profit will be at 61.8% projection and previous swing high 2019.47. if price fails to hit take profit, our stop loss will be at 1659.33
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Continuation| 17th August 2022On the H4, with price moving within an ascending channel and bouncing off the ichimoku indicator, we have a bullish bias that price will rise to the buy entry at 1916.72 where the pullback support is. Once there is upside confirmation that price has broken entry structure, we would expect bullish momentum to carry price to take profit at 2015.54 where the swing high resistance is. Alternatively, price could drop to stop loss at 1792.30 where the overlap support, 38.2% fibonacci retracement and 100% fibonacci projection are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Continuation| 16th August 2022On the H4, with price moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the buy entry at 1916.72 where the pullback support and 61.8% fibonacci projection are. Once there is upside confirmation that price has broken entry structure, we would expect bullish momentum to carry price to take profit at 2015.54 where the swing high resistance is. Alternatively, price could drop to stop loss at 1792.30 where the overlap support, 38.2% fibonacci retracement and 100% fibonacci projection are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Continuation| 16th August 2022On the H4, with price moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the buy entry at 1916.72 where the pullback support and 61.8% fibonacci projection are. Once there is upside confirmation that price has broken entry structure, we would expect bullish momentum to carry price to take profit at 2015.54 where the swing high resistance is. Alternatively, price could drop to stop loss at 1792.30 where the overlap support, 38.2% fibonacci retracement and 100% fibonacci projection are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Trend | 15th August 2022On the H4, with price moving within an ascending channel and above the ichimoku indicator, we are bullish bias. Buy entry at 1912.77 and price should rise to our take profit at 2163.1 where the 127.2% fibonacci extension sits. Alternatively, price could hit our stop loss at 1762.73 where the 23.6% fibonacci retracement sits
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Continuation| 12th August 2022On the H4, with price moving within an ascending channel and above the ichimoku indicator, we are bullish bias. we are waiting for pull back to take a buy entry at 1802.22. The bullish momentum should carry price to our take profit at 1942.59 where swing high sits. Alternatively, price could drop to our stop loss level at1662.27
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Continuation| 12th August 2022On the H4, with price moving within an ascending channel and above the ichimoku indicator, we are bullish bias. we are waiting for pull back to take a buy entry at 1802.22. The bullish momentum should carry price to our take profit at 1942.59 where swing high sits. Alternatively, price could drop to our stop loss level at1662.27
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Momentum | 12th August 2022On the H4, with price moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to buy entry at 1916.72 where the -27.2% fibonacci expansion and swing high resistance are. Once there is upside confirmation that price has broken entry structure, we would expect bullish momentum to carry price to take profit at 2015.54 in line with swing high resistance and 100% fibonacci projection. Alternatively, price could drop to stop loss at 1792.30 where the overlap support, 23.6% fibonacci retracement and 61.8% fibonacci projection.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Momentum | 11th August 2022On the H4, with price moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to buy entry at 1916.72 where the 161.8% fibonacci extension, -27.2% fibonacci expansion and swing high resistance are. Once there is upside confirmation that price has broken entry structure, we would expect bullish momentum to carry price to take profit at 2015.54 in line with swing high resistance and 100% fibonacci projection. Alternatively, price could drop to stop loss at 1792.30 where the overlap support is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USDJPY Potential for Bearish Continuation| 4th August 2022On the H4, with price breaking out of an ascending channel, we have a bearish bias that price will drop. we're looking for a short entry at 1714.79 as we wait for a pullback before an entrty. take profit level at 1633.12 where our 78.6% fibonacci retracement sits. alternatively if price fails to break the fibonacci 61.8%, we're looking at stop loss 1788.27 where the previous swing high is
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
