USoil is forming a wonderful pattern combo: Bearish Butterfly and Builish Cypher, conjoint at 52.72. Moving average is turing flat, together with declining momentum on MACD, both shows negative direction toward oil price. Good trade to short , with good risk-reward ratio, together with the over supplied production. Short @ 52.72 SL:54.5 TP1:50 TP2:49.2 TP3:47.2 TP4:44
With pretty ISM data and rebounding appoval rate of President Trump, DXY 0.23% has been recovering from downtrend since Q1. And now DXY is finishing the CD leg of cypher pattern , targeting to potential price reversal point at 95.32. Meanwhile u can find that price is rising with higher low and high point, thus 92.7 and 93.4 now acting as new support area ....
With pretty ISM data and rebounding appoval rate of President Trump, DXY has been recovering from downtrend since Q1. And now DXY is finishing the CD leg of cypher pattern, targeting to potential price reversal point at 95.32. Meanwhile u can find that price is rising with higher low and high point, thus 92.7 and 93.4 now acting as new support area. ICH cloud...
EURCHF has completed a bearish butterfly right on Fed night, then started to fall after the German Election. Good time to short the pair based on following fundamental factors: Long positions are retreating, since the political risk is increasing because of expansion of right-wing forces during the election. Upcoming dialogue between governor of ECB and BOE this...