Ilovetrading
AUD Rejecting DOWNTREND LINE (H4)Hi traders!
A nice opportunity seems to apear on the AUD chart, meanwhile the price action made a huge correction to the first downtrend line and allready on h4 it made a Bearish Engulfing candddlestick pattern.
We may expect a huge falling of aud even if it fights a lot with the virus.
If you want to be conservative you can wait until 0.63464 is breaked, then enter the sell transaction.
Stop loss have to be above the last high wich is 0.65462.
Be careful at 0.61754 too.
Verry good Risk Reward/ Be careful on your money management!
If your analyse match mine, leave a comment and a like, i really apreciate it.
Remember, don't look for FAT wins because the only thing you will get is FAT !
Stay safe!
Nas Technicals Still #BullishShe broke the Daily consolidation and is currently retesting the SnR zone while following the trend.
If the fundamentals with NFP don't push her down, she is deferentially still going to continue upwards as the weekly TL was respected.
I am still bullish on the swing trades while scalping away on the hourly.
PS: I am not a signals provider.
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That course of Clint taught me everything I know.
Trade safe and remember #RiskManagement!
Let's Share our opinion on #Dowjones #US30 #DJIi think if we saw price action candle from the Upper limit of the Flag pattern #Dow will go down to visit the Lower limit of the Flag pattern and if the price broke this pattern we will see more and more down as Shown on the Chart
Expectation fails if the price break through the flag pattern
Let's see what it will do
if you have another opinion leave it on comments .
gbpnzd 1h chart / trading idea / news GBP tomorrowGBPNZD trading idea on 1h chart.
Tomorrow we have red impact news on gbp. We can see big moves on gbpnzd currency pair.
Right now price is in triangle and bellow ressistance level. If we get good price rejection from ressistance we can sell. If we dont get rejection idea is invalid.
Juventus: Bearish trendToday I have a quite unusual stock. Instead of watching Italian football, why not watching some Italian stocks.
First of all we can see a bearish trend to the resistence line (1.1185). However, at this point it could reverse.
Points to consider:
- There is not high volume fluctuations (price will not increase/decrease drastically)
- Price quite below EMA 8 so the bearish trend will continue (also was proved with EMA 12 and the result was the same).
- RSI (important): it is trading at a very low value (30 approximately) so it could speed the decreasing trend up.