EURNZD Things can change in a weekIt’s amazing how things can change in a week. Last week I was looking to buy EURNZD around 1.69450. The deeper retracment trade would have given me an a 1:2 risk to reward trade. This morning price made a new high.
After updating my chart( just adding a note there has been a new high(1.70615)so now I can focus on a new buy entry price) I have another chance to trade a 1 to 2.27 risk to reward trade based on the daily timeframe. I also have an opportunity to grab more pips on a lower timeframe.
Keeping it simple
When price is in an uptrend(bull volatile as this one) it’s best to not switch strategies. Trade what’s working. I’m trading my TMP strategy using a Fibonacci to help me get more than a 1:2 risk to reward. That’s it. No indicators. No trend lines. Just price in the form of candlesticks and a Fibonacci tool. Simple.
That’s what keeps the market fascinating. You never know when things will change. It’s a beautiful yet chaotic puzzle.
Wouldn’t you agree?
Today I’ll be live-streaming at 1:00 pm est. I hope you can join me. I’ll see you there.
Shaquan
Euronews
22Cent? Only post-blockchain solution on market #hotUSDizzleUpdate: Here's why it's getting hard to ignore why 22Cent a Holo is possible.... META, it's super META
hAPPs - What's hApp-ening?
1| Our world the game roars alive, the first unity.net client presents its engine. Upside is massive for this game .
2| Neighborhoods; presents itself as a low-code lib to enhance global adoption in localized communities
3| NyTextileLabs: has been in development & is roaring away, commitment to aggressive roll-out is a good sign of intent to on-board ahead of BETA
4| Holo-Health? remains a mistry but archives reveal it's CAL was licensed in 2019. Docs confirmed on desk of foundation, its entering in Wave8 for the PIA4 Lifecycle funding (100Bn at play)
SPOTLIGHT TO DOMINATE Multiple Categories:
HummHive it's a lock for communication. It's the dynamo hApp of the group. Ready for Beta for over a year. Most refined of the group. Top3 of hApps. Very robust platform that addresses the loss of agency eloquently. Robust hApp!
HummHive bridges legacy technology with the p2p world by allowing creators to choose 3rd party plugins and how they want to curate their memberships.#holochain #holo #DLT #p2p #humancentric
Polity in Context:
France remains the most aggressive of the EEMA. Spending 1/5th of trade deficit to compete aggressively in this space will ensure it gains additional funds from the $650 Euro pool btwn the 3 IMF bodies governing. The Asia Pacific lead the pack fiscally w/ a $520Bn margin bwtn the two. NorthAmerica only bested by $349Bn...
Layer zero solutions such as #holochain is the only post-blockchain solution being spotlighted by the EU, that's been highlighted as its own emergent technology by an EU member. France having committed 100Bn to the PIA4 digital recovery strategy to position the nation as the frontier in post-blockchain SCF/ISV/PaaS, and the many sectors of commerce that stratafy from the from framework.
Tech Spotlight:
5G & 6G capable, very forward leaning tech that can support video capabilities Instantiation is a reality. So for distributed healthcare systems IXR remote surgery is in fact something this framework architecture will be able to cater too as the tech expands. Very rarely discussed, but the pain point was articulated in the medical article published on Distributed Healthcare. The article on "Cardano vs. Holochain" highlights its strengths, and improved performance when scaling. I just wanted to give praised to the excellence of potential to really chip away at what is a 11.9 trillion HealthCare space.
Sentiment: Fam, the world still is moving at a blockchains pace...
No major news outlets are covering this... the maxi's don't have the researchers at their disposal.
Congratulations you made it to the groundfloor of moonshot event.
22Cent gain imminent. #bonjour #monami
Fundamentals and Analysis: Sterling Pound with chances of buy!!!
Remember that in yesterday I make a technical analysis of this par, we see that this par wan't to change the trend, also remember that in macrotrend as weekly or montly we are in the higher zone of possibles sellers and supply zone.
This is a weekly panoramic and we see that Euro is weakness!!! We are in this distributtion zone from the year 2016
Now, for your convenience, if you are left Daily timeframe, I make for you this technical analysis in H4 timeframe, the key in H4 it's seem bearish as we see in Daily timeframe. We are in this simetric triangle and into this grant simetric triangle, look up that is a distributtion zone and that mean a chartist pattern a continuation of the bear scenario. Also, i show my favorite indicator RSI, we see that RSI in H4 is below of 50, that is an extra confirmation of sell. And also, we see that we could see a drop of 150 pips, that is your perfect target profit as to me.
Fundamentals:
1. Pound Sterling to Euro exchange rate up but gains may be limited
2. Following last week's modest tumble, the Pound is also edged higher today. Sterling is gaining on a riskier market mood, but the currency's gains may be limited.
3. Sterling attempts to benefit from market sentiment
4. Pound exchange rate appeal limited as "second wave" coronavirus fears rise
5. The pound briefly saw a jump in demand last week. Investors reated to news that the bank of England 2020 economic forecasts were not as dire as they had been in May.
6. The pound's benefit from this news was limited. Sterling was sliding again towards the end of the week, as concerns about the possibility of negative rates in the UK weighed on the currency's outlook alongside Brexit jitters.
7. Euro exchange rates pressured as rivals attemp recovery.
8. Investors have found the Euro broadly appealing in recent months
9. Investors are hesitant to keep buying Euro even higher following its long period of gains.
9. Investors are opting to buy Euro agains the rivals on the cheapest level if the Euro is go to sell for limited time.
10. Pound to Euro exchange rates awaiting UK Job Market Data
Updates: ECB fundamentals in Long In this par, EUR/USD is show us in the morning that we see a awesome fundamentals that European Central Banks said in the morning that it would increase bond purchases to provide the hardest-hit economies in the Eurozone with a boost after being bottened by the coronavirus crisis. So, guys, this is a bullish fundamentals of what EUR it's their mean.
So, in this technical analysis, EUR/USD in H4 timeframe is above of the EMA 8, so, also EUR is represent a rejection of the candlestick wicks bearish, so, this is a bullish scenario of what the force in EUR we found up demand zone, and institutionals consider EUR bull run.
So, firstly, as reccomendaton assume your loss and close all position in short, because EUR/USD in H1 timeframe has force to continue up and indicators are bullish.
This is a panaromic in Daily timeframe, remember, we can see a possible formation of double top in H4 timeframe, and there, its may be a bearish scenairo after this awesome news of what ECB speaking otday in minutes.
EUR/GBP has same news of EUR/USDWell, in the morning, we see an another par what can up the next hours. So, in H4 basically we are in the Shoulder Head Shoulder bearish, but in H4 we see that institutinals going to up the price over 70 pips if the news of ECB can be a strong impact in the Eurozone.
This ia a scenario, so, if the institutionals make a drop a littel the price, it's can be a double bottom in H4 timefra,e but the more curious is in H1 timeframe, because I find up a chartist pattern bullish, this is here below in this technical analysis so I am concentraded here. And indicators in H1 are bullish and good health is EUR agains GBP is up.
So, guys, the only is we need to have confirmations specially of price action if EUR/USD it's want to up the price and we need to valid this shoulder head shoulder inverted, if it's inverted, so the target profit is $0.8957, so it's mean 70 pips, or included over of
+70 pips, and we can to see a retest on the resistance line and so, its a experiments in case if EUR/GBP is have a little force to continue and reach over +70 pips, so se can to pick up between 70-95 pips.