TKProphet

TKProphet

Sterling is looking weaker against most other currencies Wednesday after Tuesday’s news that Andy Haldane, the Bank of England’s chief economist, will step down after the Bank’s monetary policy committee meeting in June. He is widely seen as the only hawk on the MPC so his departure could mean marginally easier monetary policy than would otherwise be the case.

TKProphet

Potential bull flag forming

TKProphet

For most of April, retail investors have been unwinding short positioning in the British Pound, particularly against the US Dollar and Japanese Yen. This opened the door for Sterling to lose some ground. This can be demonstrated by taking a look at IG Client Sentiment (IGCS), a gauge of retail trader positioning. IGCS is usually a contrarian indicator, meaning if...

TKProphet

BTC breaks the upward channel. Could BTC follow the footsteps of XRP?

TKProphet

There is a big chance price could pull back to this zone after testing the 50 fib. If so I'll enter for a sell at his point.

TKProphet

If we get a bull flag here gold could be headed to TP3

TKProphet

US futures are pointing to a softer start, extending losses from the previous session. Yet even with this pullback, US stocks remain near record highs. The CBOE volatility index, often referred to as the fear gauge, is ticking higher again, suggesting risk-off sentiment is creeping up. Attention is firmly on US earnings season, with investors looking for...

TKProphet

We have reached our sell zone on this pair. I am taking a sell risking 3% on this trade

TKProphet

Up over 200 pips on EA sell

TKProphet

I've been riding the wave with this uptrend. This could be a area to add another position to this trade from TP2 to TP3.

TKProphet

Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank's business today. The end result will cause a big move in this pair. If this zone is not broken, there is a great chance the lows will be retested before breaking the highs and creating a bull flag.

TKProphet

Crypto market data aggregator Glassode states that Bitcoin open interest has exceeded $27 billion for the first time as Bitcoin pushed into new record highs above $63,000. The milestone suggests traders may be speculating on higher prices, although some may also be hedging against incoming volatility. We could see BTC over 80,000

TKProphet

We got in at .17 and its been a blessing. I lost my recent sell, I honestly expected a pull back before continuing to the upside. Im looking at these levels to take some profit off the table.

TKProphet Updated 

looking for a short sell on Ripple. On the 15 min chart, if price closes below 1.34896 ill move my stop loss right above the 200 EMA to be safe. Price is currently trading under the 200 EMA on the 15 min chart so hopefully this sell holds up.

TKProphet Updated 

If this 4hr candle closes above this trendline its safe to expect bullish movement from this pair.

TKProphet

The New Zealand dollar is in negative territory in the Wednesday session. Currently, NZD/USD is trading at 0.7032, down 0.31% on the day. NZ dollar claws back to 70 level It was a miserable month of March for the New Zealand dollar, which declined by 3.38%, its worst month since March 2020. The currency ended March below the 70 level, but has since crossed...

TKProphet

This pair is floating above a key area of support. I price reacts here there is a chance for a bottom reversal at this zone.

TKProphet

We're still in profit I'm moving my stop loss to 63.40 above the highs to make sure we don't lose winning trades. Happy trading.