EURJPY is holding previous daily lows and might be heading for the north side again. EURJPY has been going to the west for some time and is failing to make a new high or low.
Let me know where you think EURJPY is headed!
Hello everyone. NQ has been down by more than 13% since Sept. 13th. Now sellers look to take a breath around previous low created in June after massive sell-off.
With the confluence of previous low, I also noticed that ab=cd pattern formed. The tech-heavy index is likely to rebound to level 12041- 12174 which happens to be 61.8% fib level.
What do you think?...
The price has broken previous downtrend and previous high and did a retest on a previous support. Now the bulls have more probability to take over. Please adjust your risk according to the SL and TP mentioned in this idea. Good Luck. NFA
Quantafuel - Intraday - We look to Sell at 32.10 (stop at 34.50)
The hanging man candle on the daily chart is negative for sentiment. Price action has continued to trend strongly higher and has stalled at the previous resistance near 33.04. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. We look...
Hello everyone. Crude oil dropped by more than 2% on worries of delta spread in China. It all started from an airport of Nan Jing a couple of days ago, and then the delta variant quickly spread to over 20 cities. Today, the new cases are above one hundred. It meant a sever situation as China adopt zero-tolerance policy towards the virus.
So, How the situation in...
USDCNH
Timeframe: H4
Direction: Short
Confluences for Trade:
- Around Resistance Line of Previous High
- Stochastic Overbought momentum
- Fundamentally, China has seem to be slowing moving towards a psychological level of 7.00.Currently, the previous high proves to provide some resistance and we can take this as a short term opportunity to short USDCNH....
Last post: June 1st. See chart .
Review: Price was starting to make new all-time highs and was looking strong.
Update: Price is still looking strong and is currently doing a pullback.
Conclusion: We need to see a breakout of the previous high before considering long trades.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs...
Price is at a confluence point where 50 sma and 50% fib have meet.
Price is inbetween the 100 sma and 50 sma resting at the 100 sma
Macd did cross above the 0 levelo line which indicates bul;lish bias
If price does go long exit trade if macd crosses back below 0 level line
If macd crosses below 0 level line and Red signal line bias is bearish.
Take Profits are at...
