Signals for 21/07/2020
let’s look at today’s ideas.
Let’s start from EURUSD. For this currency pair we have to wait for the reaction of the price to the resistance level. If the price holds above – go long till 1.1380. And if it holds below – go long till 1.15, pretty simple, right?
GBPUSD – The price stays inside an important resistance level. I expect the price to go down and hold below the level. I fit will happen it is a nice opportunity for short trades. The first target – 1.2620.
USDCAD is now inside an important support level. If you look at the bigger picture – the price tried to form a false breakout. That’s why we have to wait. If the price holds below this level – lovely chance to go short. First target: 1.3420.
Another idea is for Microchip Technology Stocks (MCHP). As you can see price tried to form a false breakout of an important resistance level at 108 USD/Share. That’s why now we are looking at how price will be acting: if there is going to be an impulsive breakout, you can go long for this stock after a fractal formation. And the first target will be around 113.
The last idea is for Netflix. As you can see the price bounced from an important support level around 490. So, this is a nice chance to go long for this stock. And the first target will be around 530.
That's it for today!
Let’s start from EURUSD. For this currency pair we have to wait for the reaction of the price to the resistance level. If the price holds above – go long till 1.1380. And if it holds below – go long till 1.15, pretty simple, right?
GBPUSD – The price stays inside an important resistance level. I expect the price to go down and hold below the level. I fit will happen it is a nice opportunity for short trades. The first target – 1.2620.
USDCAD is now inside an important support level. If you look at the bigger picture – the price tried to form a false breakout. That’s why we have to wait. If the price holds below this level – lovely chance to go short. First target: 1.3420.
Another idea is for Microchip Technology Stocks (MCHP). As you can see price tried to form a false breakout of an important resistance level at 108 USD/Share. That’s why now we are looking at how price will be acting: if there is going to be an impulsive breakout, you can go long for this stock after a fractal formation. And the first target will be around 113.
The last idea is for Netflix. As you can see the price bounced from an important support level around 490. So, this is a nice chance to go long for this stock. And the first target will be around 530.
That's it for today!
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