ZahariKrumov

ZahariKrumov

After the bullish movement caused by the brexit hopes couple of weeks ago, the pair got stuck on a level between 139.5 - 140.7. Finally we saw some bearish movement and breakout to the downside and breakout from the first support was confirmed by the re-test. Expectations are for the pair to continue bearish movement because of the UK political chaos, and YEN...

ZahariKrumov

We can see that the bearish momentum is fading, furthermore we have bullish RSI divergence, and price is now sitting on a key level of support. DXY is showing bullish movement and with the expected rate cuts in few days we will see a strong bullish move. Good risk reward ratio, so very tempting trade. Trade carefully and risk no more than 2% of account.

ZahariKrumov

Few reasons to go short on this pair: 1. We had a rejection on a major trendline on a Daily/4h chart. 2. Price broke out of a rising channel and at the moment is retesting the trendline. 3. We had a cross on ichimoku cloud on 30m, also MACD and RSI are matching their movement to the downside.

ZahariKrumov

We have multiple rejections on the 0.50% fibb which also is a major resistance. We can see a cross in the MACD and also matching RSI & MACD movement. We expect movement to the downside.

ZahariKrumov

We are still in a rising channel, but after the strong bullish move is time for retracement.

ZahariKrumov

Based on the news from Thursday, we saw 600 pips rise. This was a pure speculation, and now we are in a big overbought situation. At the moment the pound got rejected at a key fibb level on a monthly/weekly/daily chart. I expect a retrace to 61.8% fibb on a daily chart and then continuation in a bear movement.

ZahariKrumov

Breakout indentified, ichimoku confirmation with current position being under the cloud, wait for the re-test and take the sale.

ZahariKrumov

Let's see how this pair will bounce on Monday!

ZahariKrumov Updated 

Chart explaines it all.

02:53

ZahariKrumov

Check the video and drop a comment.

03:54

ZahariKrumov

Watch the video and share opinion!

ZahariKrumov

Watch, and drop opinion!

04:22

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Drop a comment with opinion!

ZahariKrumov

Ok, so we saw EUR GBP getting rejected once again on the resistance, so I expect drop to the resistance and from there probably breakout.

ZahariKrumov

EUR CAD got rejected off support and now it's on a uptrend, jump for a quick 40 pips!

ZahariKrumov

I have been scalping this pair for quite a while, but now bulls are taking over.

ZahariKrumov

Sunday night I draw this pattern based on previous movements and so far It's going as planned. Wait for the breakout and buy.

ZahariKrumov Updated 

Ok, so we've seen the rocket being sent to the sky - 700 pips in 7 days... But as we know, once a rocket loses its momentum it's slowing down and eventually comes back down and goes lower than before. This movement was predicted by the bad US data ( worst in 10 years) and the ongoing trade war. Let's look at the gold chart in depth. 1. We saw Gold coming out of...