break below ascending trend line. Waiting for a strong close below 0.58 to take sell entry. Two take profits are set for this trade as price may retrace after hitting tp 1. Fundamentally the CHF appears stronger than the NZD as the markets move towards purchasing safe haven assets in light of covid-19 realities sinking in.
This pair just broke below its 1.90 price support level. Waiting for the close of the daily candle to confirm breakout and place sell entry. This trade is presented with a 1:2 risk reward ratio.
Possible long on EOS as rsi divergence at support occurs after an over extended downward move. However since btc dominates the entire markets it's worth noting this may not play out as well if bitcoin decide's to make a downward move. What do you guys thinks of bitcoins dominance on the crypto markets?
What can you analyse from this chart? here is the one hour view. share your thoughts. BITFINEX:BTCUSD
"THE CALM BEFORE THE STORM" Ironic..not really the consolidation of xrp indicates a reduction in volatility which usually means we can expect an explosive move to the upside.
Nice break of ascendingchannel on this pair. Probability of drop is high as the channel's high met a previously tested resistance level. Stoploss is wide because there is also a probability of a pullback but worth it as this trade offers a 1:2 riskreward ratio.
No time to explain i will update later...gotta place some trades "Just don't go crazy on leverage."
No time to explain i will update later...gotta place some trades "Just don't go crazy on leverage."
A potential drop to the 151 zone and a possible further drop to the 126 zone. Till 17th May i guess bears are safe. SELL NOT YET CONFIRMED!
FX:NZDUSD . This pair is facing some selling pressure around the 0.67 area indicating a potential sell. However i would suggest waiting for a close below 0.6 flat before considering a sell.
GBPUSD is bound for a sell. This pair is facing some major resistance in the 1.265 region which, not surprisingly is in confluence with the 61.8% fibonacci ratio- because of this we can anticipate some selling pressure at least to the next support level at 1.203 where we would start scaling out of our trade.
Hello guys what are your thoughts on this trade ( OANDA:AUDUSD ). Are you anticipating a break below the trendline or are you projecting a continuation to the upside?
BITFINEX:BTCUSD rejecting $7200 area after its sudden spike (you can identify it by its temporal choppy range within the zone) which may lead to a possible drop to $6700. Liquidations around my identified resistance area further battress the possibilities of a reversal.
FX:USDJPY Trendline rejection at the 108.000 area should be followed by some movement to the down side.
EURUSD Pair recently bounced of the 1.078 weekly support level which has been holding strong for sometime now. However this pair is still experiencing some form of consolidation and may see some movement towards the 1.095 level in the near term. As to whether the pair is going to breakout of this level or just retest this critical level before continuing its...