at the moment the price is in accumulation, which is pretty good. I would wait for an exit beyond the level of 542 and consolidation there to open long positions to the target levels of 590 and 634
OANDA:CADCHF holding the price above the key zone of 0.65320 will most likely lead the price to reach 0.65590
Now the key moment in all this accumulation is taking place. I will definitely watch longs. I will probably watch longs in cross pairs as well.
Enter the position as you wish, everyone sees it differently, the main thing is to determine the place from which the asset can potentially leave and the purpose of this movement, wait for confirmation and make a decision
If the price can hold above the level of 1.08970, the next target is likely to be the area of 1.09980-1.10180.
exit from accumulation will most likely lead to renewal of local highs, otherwise this accumulation was meaningless from the PA side
the nearest target for the long is 1.73370. the final target is 1.78540. i have been watching this trend for a long time. I think it's the stupidest decision to look for shorts here.
I don't know how or where I'm going to enter this parabolic rise, but it's clearly heading towards 195.880
internal -> external. waiting for acceleration today - tomorrow to a high of 164.300.
Price is trending up. It is clearly aiming for a new high. It has left the local range and is testing it now
The capture of 1.07250 and return to the range indicates that the price is aiming at the opposite level of 1.10190. Reaching the 1.07 level will act as a cancellation of the idea, but as long as we move within this range, the upper boundary is a very relevant target
The 2 key levels for me are 103.820 100.420. A consolidation above 103.820 will most likely lead to further upward movement. If the price can sell 103.820 and consolidate under it, I will wait for the price near 104.420 and work on the same scenario there
The upper boundary of the range acted as a kind of resistance to further growth, but this morning has potentially turned the situation around. the price has washed out the boundary of the range, we can aim for an update of the highs
103.9 passed and consolidated, waiting for further plan fulfilment and watching longs on majors
A more global picture of DXY, where we can only speculate, but that doesn't mean we won't be prepared for that outcome. If price still fails to get out and consolidate above 104, I am afraid to imagine where we will catch the local bottom on DXY.... 88 ????
I think getting to the lower end of the range is just a matter of time
I am not an expert in stocks, but I will try to explain my idea: if the highs are updated under the publication of NVDA reports, how can it not be considered a potential trap for bulls ?
The most optimal scenario for me is a decline and consolidation of the price behind the level of 103.900. In this case the price will target such levels as 102.8 101.9 and the key 100.8 level. The majors will go up and I'll take my profits. Not the best scenario for me: the price will go up and consolidate above 104.4-104.5, in which case the major pairs will...