Bouncing
EUR/USD may lose bullish potential - scenario of a reversal Hello Traders
Here is a new SELL Scenario, i expect this scenario starting end of the month of october, Most likely scenario is a reversal around that level.
Federal Reserve 'on track' for tapering asset purchases.
For a longer term, it can reach 1.15 and 1.14 for a quarter if you are patient.
💹EUR/USD SELL STOP
✅ Entry @1.17300 or below (Best Scenario, It may go until 1.17000 and reverse)
✅TP-1# 1.16650
✅TP-2# 1.16450
✅TP-3# 1.16250
✅SL# 1.17700
Source: www.fxstreet.com
Source : finance.yahoo.com
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Finally Good News For PolkaDOT!The price has been respecting an increasing trendline since it has begun the bull run. On 22 February, the price has experienced a very strong rejection of this trendline, and also around 22 march, a rejection is noticed. All this adds confluence to the fact that this trendline has become support. From 20 February till 20 March the price has failed to break a strong support zone (drawn in grey) many times and kept bouncing between 31$ and 37$. Recently we noticed a breakout of this zone where the bullish candles closed above this zone and now the price is testing it which transforms the old resistance zone into a support zone. The price can have a bullish run either soon or until the price touches again the trendline.
EURJPY W forming up or continuation?Even tho we are overall Bearish, i think that the momentum could have died.
On the first inner trendline we did form an M in fact, but just over we have the monthly level, thats why I choose to stay out, we previously formed a W after a huge bear push, but not just after a trendline
Right now the price is failing to make lower lows and respect the lower counter trend, so are making the 2nd pont of a bigger TF W, or making the low of an M to continue the trend, but im leaning towards the first option due that we are un a very low area and big support.
#TRIG can be really bigI can see #TRIG making some very savages moves soon. MACD just crossed over and it has not done anything crazy since it has been listed on Binance. It has bounced around the triangle for quite some time and is currently consolidating. I have filled a large bag and have a feeling this will be a #2x coin.
#TRST will follow and break#TRST coin is a safe buy. One of the top losers on Bittrex, I believe TRST has bottomed out. Stoch is low and coin is in in accumulation phase. I recommend filling a bag and waiting.
Potential SHORT position on EUR/GBPReasoning:
1) Waiting for the pair to move a little higher till it retests the still fresh supply zone
2) Wait for a bearish signal and enter the short side
3) TP target of around 200 pips (set at confluence between past support pivot + 78.6 Fib level + fresh demand zone)
4) Bearish RSI Divergence which is why I think the pair will be moving downwards really soon
Microsoft Is in a Channel!NASDAQ:MSFT is in a channel flow since October 2016. While it is not the most definite bear and bull run there are key points that MSFT will hit. Today it is hitting a key spot of a potential resistance line that stretches back to December 2016. If the stock follows this trend it will follow this ceiling for a day or two. With potential gains after it reaches next Monday when it starts to rebound. Check it out!
AUD/NZD *D* Sell it to the channel borderline! 1.04600The price is APPARENTLY retracing back to the bearishing channel upper's line. This retest has 2 scenarios:
1. Might bounce back and go bullish for a while.
2. Might penetrate the channels upper line and go even more bearish. (likely to happen :) but its Forex so nobody knows for sure!)
* Short it to 1.04600.
** Trade on your responsibility.
*** Follow me to get more of my ideas. GL
EURUSD - Divergence and Possible Head and Shoulders PatternWhat we have in the chart is a possible Head and Shoulders Pattern, It's highly probable that the price hits the bottom for one last time before going up, said Idea is supported by a divergence in the MACD which is about to explode, please apply your own strategy for this kind of setup.