WaveSavvyTrades

WaveSavvyTrades

Looks like a long term short is brewing. Price would more likely reverse around 77.70 - 78.40 area. Disclaimer: This analysis is not a financial advice. It is a way that I share my trading ideas with the community. Any decisions you make from this is entirely yours and has nothing to do with me.

WaveSavvyTrades

Usually this should be a neutral bias to wait for breakout in one direction and wait for retracement before joining the fun but looking at the technical indicators and price action, there is a higher chance of price breaking lower than higher. 106.37 looks a good point to short with a high risk to reward ratio. On the flip side, a convincing break above this point...

WaveSavvyTrades

Would this reverse or continue going down? I suspect a turn around at about 1.1790. However, I would be patient to see price hit support and bounce from it before entering longs otherwise a break below the support line will bring in sellers. Disclaimer: Note that this is not a financial advice. It is just my way of sharing my trade ideas with the community and...

WaveSavvyTrades

Hello people, DXY looks set to go further down after failing to complete both the double bottom or triple bottom reversal chart patterns. With RSI divergence and current support broken twice. This may be an indication that further down side persist. Disclaimer! This post does not provide financial advice. It is only intended for sharing my trade ideas! You...

WaveSavvyTrades

The 100D moving average acted as resistance and price broke the lower line of the triangle. RSI also shows downside momentum still persist. Looks a high probable trade to short to 104.15.

WaveSavvyTrades

High probability set up. Top of rising wedge is taking off. RSI divergence have been broken. Looks highly likely to continue the upside momentum.

WaveSavvyTrades

On Friday (28/08/2020) GBPUSD broke the top of the channel at 1.3300. I expect price to pull back to about 1.3294-1.3300 zone before continuing the uptrend to 1.3528. The RSI also suggest there is a little bit of room for up move. 1.3528 may serve as a resistance.

WaveSavvyTrades

Looks good to short with good risk to reward ratio. Stop loss should be above the broken lines. Good luck

WaveSavvyTrades

Looks attractive for shorting with high risk to reward ratio. A break below the 20D moving average and 75.85 area would bring in more sellers. Else beware of the 20D moving average, it may or may not act as support.

WaveSavvyTrades

All major moving averages 200, 100, 50, and 20 have been broken on the 4 hr chart. Could possibly reach 1.3250 - 1.3282 before reversing. A convincing break above 1.3282 may signify bullish.

WaveSavvyTrades

Could this break to the upside and possibly reverse to the downside

WaveSavvyTrades

Could this be a possibility?

WaveSavvyTrades

Could this be a bullish wedge?