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EUR GBP - channel - potential to breakHello traders and analysts, Here is our take on EUR GBP COT report: Long Short Total %Long %Short GBP 31,267 45,396 76,663 42% 58% Euro 174,258 86,043 260,301 67% 33% Technicals: We have a good opportunity here to break the trendline as the top of the channel was rejected However - weekly level has not been tested, so we still have an opportunity for a false break and back up. Rising wedge is forming - where price can reject from the top. for this trade however we are in short. Add buy positions if a fakeout of the channel occurs as the channel will create a lower high. Fundamentals Coronavirus in the EU and UK - both showing cases in respective countries, Euro stimulus package has not been agreed so can show signs of strength of GBP if this fails to transpire. Brexit talks - will send the pound with huge strength once a deal is reached - inverse will send EUR to almost parity if talks end and no deal is reached Keep a watch for manufacturing orders in Germany and any causes for concern within France, Italy, Germany and Spain which can drag data components down. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
Short
by LupaCapital
A Nice Short Opportunity Forming for EURGBP (Daily Timeframe)Hi all, Hope everyone is okay, been quiet for a while as been busy backtesting and not taking any live market trades. Been using my top-down analysis, and have seen a possible short for EURGBP. As you can see, regained strength after a sharp downfall, however it has a high possibility that it could break the trend it has made, and make a further fall to the downside. I will be waiting for price to break through this trend, and see how it acts before entering on a trade, but is something that is on my watchlist. Let me know your guys thoughts. *Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.* Cheers Dan
Short
by danieljamesfx
1
BTCUSDT 1D | Bitcoin market overview: Bullish strike or fakeout?Hello, dear subscribers! In the previous review we considered the possibility of a short when the bitcoin price moves in the current price channel. At the moment the price of the bitcoin is $9,270, it is at the upper limit of the channel. When the day closes above the price channel, we can enter the flat area $9,300 - $9,600. In this zone, the bulls and bears will fight for the formation of the next price trend. In this case, it is better not to have a short or long position before the competition between buyers and sellers. It is also possible to form a fakeout in the next two days in order to scare sellers and force buyers to take a position and then send the price down. Subscribe to the channel and stay with us!
by CatalystsFinance
BTCUSDT 1D | Bitcoin price overview: $8,250 or $7,300?Hello, dear subscribers! In the last review we considered downtrend as the main possibility of bitcoin market trends. Today we will consider the daily chart. Starting from June 1, we see the formation of falling price peaks, which suggests that the bulls have less and less strength to raise the price. The price is in the descending channel, and as long as it is inside it, bearish sentiment will remain in the market. The MACD indicator is in the negative zone, RSI is steadily declining and is far from being oversold, which indicates that the downtrend is still going on. At the moment the bears' target is the lower limit of the channel - $8,250. If the bears succeed in moving forward, the next target will be $7,300. As practice shows, a break of the descending channel downwards may trigger price movement downwards by the width of the initial channel. The actual position at the moment is selling the bitcoin or short position with targets $8,250 and $7,300. Subscribe to the channel and stay with us!
Short
by CatalystsFinance
AUDUSD LONG - Head & Shoulders BottomBUY SIGNAL. Head and Shoulders Formed on 1D after Bearish move, signalling reversal if pattern completes. Right Shoulder forming, CTS Score of 5 as follows: RSI Divergence on 4HR - 1 CTS Left Shoulder at Major Structure. (3+Tests on DAILY TF) - 2 CTS Right Shoulder at Minor Structure. (3+Tests on 1HR TF) - 1 CTS Strong Pivot point of 0.55000 present at head level - 1 CTS ENTRY SIGNAL - Doji on 4HR Followed by HHHC. BUY STOP SET 5 pips above neckline. Targets taken from EMM but shortened to fit to strong 1.618 Fib extension and structure. Stops 1ATR below right shoulder. Shoulder may continue to form to the downside before reversal so even though my STOP Order Set I shall Reassess DAILY
Long
by ROI_Ky
EUR AUD - long game incomingWe are waiting for the break of our trend line - as the Euro is gaining strength and the Aussie has some strong shorts against it. What can we see technically? - Daily bearish, - weekly bearish - bounce from the demand zone purple zone. - we can see the trend beginning to add long positions. - we have made higher lows - showing the correction - now in a consolidation zone with some great wicks formed. Where to enter? Follow your plan But for us, we are waiting for a double bottom or a break or wicks to be tested on a lower time frame. Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted. Trade what you see, this is purely our Bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced. KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. Thanks, Team Lupa.
Long
by LupaCapital
1
LONG - QKC - Trading OpportunityBINANCE:QKCBTC finally breaking the huge ascending triangle that has been forming for quite some time now, now retesting the resistance that became support. Entry: 0.00000069 Target 1: 0.00000093 Target 2: 0.000000113 SL: 0.00000062 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Long
by ElMomento
1