DXY BEARISH CONTINUATIONDXY Analysis
Currently in a bullish countertrend in lower timeframe. Taking advantage of DXY correlation with the Major pairs.
Mitigated off 1 Hour inst. move to keep going lower. Expecting a retracement around the 78.6% - 88.6% fib area, liquidity area, imbalance in the market highlighted purple and following bearish countertrend structure. Taking it low to fill imbalance in the 4H highlighted zone.
Will be taking Short opportunities until we get a Break of Structure within the 30m minimum or 1H timeframe.
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How I see you (BABA)I am looking at BABA chart with MA200-day, MA50-day, MACD and Volume.
(Best to move chart to Week and Month to see clear MA proof)
It's interesting how BABA build candle over-and-over the green MA50.
I see 1-2-3 hits over the MA200 with upwards trend, looking for the date range,
we can see they're same numbers of days 455d/ 65bars.
I am looking forward to see a clear stock growth.
I am looking also to MACD and see an upwards trend.
(This is my way of thinking, please be carefully how you invest)
FUNETH Daily Technical Analysis All indicators giving possitive. If market news be good, buyings can be much. We will see...
Trx/usdtI think trx has almost broken its downward trend, we have to wait for a few candles to close in the next one to four hours, if there are signs of price increase in btc and trx charts, it is a good opportunity to buy, but if If the downtrend continues again, it may enter the downtrend channel .. So be patient and buy wisely
Good luck. Like and comment please ♥️
Bank of Baroda set for a Huge Uptrend. Long Swing tradeLeading banking stocks are moving higher breaking out from falling channel.
Similar breakout happened in Bank of Baroda which has given a successful breakout from its multi-year falling channel, retested it and continuing its upward move very smoothly. Also we can see a Flag & Pole pattern formation at the bottom of the downtrend indicating a near term target at 110-116 from CMP. RSI is also in a good upward momentum. Upmove comes with huge volumes.
High conviction trade.
You can also spot Cup & Handle pattern forming with a neckline zone of 87-93.
Happy trading!
EURGBP 4HSummary:
EURGBP has been trading in a downward channel since the end of April
The pair has had two false resistance breaks at 0.8635
Recommendation:
Trade: Short EURGBP for market
Take profit: 0,8560
Stop loss: 0.8680
Justification:
The British pound has recently started to outperform the euro. EURGBP has been trading in a steady downtrend since the end of April. The pair tried to correct, however, two attempts to break the 0.8635 price zone failed. The area is important not only because of the previous price reactions, but it is also the lower limit of the Overbalance structure. Thus, we see a good chance for a resumption of the decline with a target at the level of the recent lows. We place the stop loss at 0.8680.
Source: xStation5