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EURUSD Triangle Formation 03.08.2021A nice Triangle formed this Tuesday. Its a 3 day-Triangle though and for the breaks to happen upwards or downwards the EURUSD needs a good push. Nevertheless, just like all cases the Stops are the ones that matter here after the breaks. As depicted by the arrows: 1.1850 is the downward first expected stop. The upward stop is expected to be at 1.19000. For non-conservatives, trades can be kept until the green lines if you want to take more risk.
by UnknownUnicorn5944879
1
Hard to miss the Triangle USOIL 28.07.2021IT is quite obvious that an ascending triangle has been formed. Will this be an opportunity for an upward move? Of course, it must break upwards. Currently, crude oil at price floats around 72 USD/barrel and if we see a significant upward move it will probably reach 73 as a first Stop. Today 28.07.2021 Wednesday, Crude Oil Inventories will be released, last figure showed a positive figure due to increase supply. In addition, today the FED rate is also going to be released along with the FOMC statement. Volatility is expected.
TVC:USOIL
by UnknownUnicorn5944879
1
US30 Smooth Retracement? 21.07.2021The index was performing well yesterday 20.07.2021, more than 500 dollars with stop at price/index 34,600 USD. Potential retracement at price 34,360 USD. >> The Fibo retracement to at least 61% of the move might be possible, considering the volatility these days. >> The problem with indices is that the Stock market is open after 16:30 EEST and then is where usually prices move rapidly. >> If the retracement does not happen before the stock market opening, better to not have open positions, especially during the opening.
UShort
by UnknownUnicorn5944879
GBPUSD crazy and volatility 15.06.2021>> Important news for the US dollar today at 15:30 (GMT+3) surely the pair will be affected. >> The pair fell at strong support 1.4070 and retraced yesterday 14.06.2021. It is highlighted that when looking from afar (larger timeframe) there is a pattern that supports a long dip when important support level breaks, as depicted. This pattern cannot be completed though within just one day but has to take several days if it holds. Breaking 1.40708 would signal that it holds. >> This morning the pair broke a resistance level 1.4120 with no surge. What are the major financial institutions waiting for? We will see after 10:00.
by UnknownUnicorn5944879
1