Grab some IOTA whilst it is completing a retracement at around $2 price level, I have no reason to doubt that this coin has the potential to reach the $3 mark in the next few weeks!
Could we see a turning point for the Japanese Index at this 2250 level? Looks like a fight is happening between both sides at this phschological level, if we see a bearish daily close and a break of the ascending trend line we could have a weak Yen on our hands. Possibly down to 2220 area. What do you think?
With the Pound reaching new highs since Brexit it was clear that eventually it will run out of steam. Bang on a trend line we saw a rejection followed by a spinning top, with a strong candle close after the next 4 hours it was clear the sellers were jumping in. Easy 177 pip trade!
The Dollar Index has been stuck in this wedge pattern since the beginning of 2018. After a large fall from the 95.00 area it seems to have stalled and now deciding on whether to continue pushing down, or prove this wedge pattern is the bulls getting ready to go! Between 90.50 and 80.50 seem to be keen bounce areas for price to reverse so keep an eye for a...
A rejection of the up trending trend line with a printed bullish engulfing confirmed for me that momentum would continue up to the 0.96800 area. Hitting target perfectly before now a possible new higher low being created.
Sitting perfectly in an important zone which can be seen clearly on the 4hr and daily charts. I will be sitting and waiting for this pair to breakout to the upside and potentially reach 0.7550 area. One to watch for now and sitting inside the watchlist, maybe a clear break of the 4hr trend line could be enough...
Entered into a long position with the Aussie Dollar this morning (as per my previous analysis) and knowing EURUSD moves in conjunction the analysis lined up for a long position on this pair also. Stop loss now at break even and looking at shifting it into profit as it reaches the higher levels later today.
A simple candle formation here, Aussie pushed out of the wedge during the Asian session and has maintained a strong upside movement through the remainder of today. I will be taking this pair up to the previous high of 0.77657 . A buy order outside of the wedge would have entered you into the trade whilst you slept and now into deep profit. Simple simple simple chart work.
See how this week closes, maybe a bounce from trend line. Look for some bullish price action on the daily come Monday and buy buy buy!
The last three days the 8k level has been bashed into numerous amounts of times. 8.2k seems to also be a small target down in this area but from my honest opinion, the institutions are having games at this lower price; allowing the rest of us to follow suit. Could this be the end of Bitcoin ruling the top of the table after all of these years? Ripple... Litecoin....
Trendiness can be your best friend sometimes... Perfect rejection of trend line and a swing down to my target. Another target hit and 40+ pips gained
Who else caught the swing of GBPJPY earlier in the week? Nice little setup down to the 147 level
What a trade this would have been. Simple setup, set a buy limit above trend line at a respectable level. If it breaks to the upside then your in, if it doesn't then your order will not be activated and you can continue to be patient. Upside move to 1.40500 possible?
Will we see a break of 23% retracement level? And a push below 8500 ?
The US Dollar has been motoring over the Loonie for a while now and it has reached a demand point which has shown to be a turning point. We could see this pair going down to possibly 1.25000 psychological level.
I caught the last drop from the previous high created and now price currently being rejected on the trend line. Who's going to catch the upside move?
I'm in this down to the demand zone and psychological level of .7200 - Gets busy later on with US news so will be watching closely.
WAIT for this pair to break the wedge, it's stuck in a consolidation period so hold tight and let it break either way.