Level A: 0.71087 - 0.71499 Level B: 0.72118 These were determined by 4 or more "touch and retrace" points on the 4 hour chart. Three Major reactions were observed with price action around these areas, and are labelled on the chart. Scenario 1: When a trend drives the price toward Level A the trend weakens, and we see more signs of uncertainty as to where the...
Hi Traders! The market is moving between the trendline - which is the resistance - and the support. We here have a weak downtrend, because we have lower highs and same lows. We expect the market to make another swing low. An alternative is that the market could break out upwards and make a new trend. Thanks and good luck :)!
SPY testing at 280, unsure if it can break or not. Just like everyone is speculating, if the deal with China gets done then we'll most likely break 280. If it doesnt get resolved, one of two things: keep testing at 280 for a long period of time or starting downtrend to 260 level; if not a massive correction. Death cross coming up in 1 hr chart if downtrend does...
if we look at the market movement, the price are downwards in a downtrend channel.look for buy opportunity for this eurjpy