Some ideas of possible operations on Future FX 6E for the next few days. I intend to apply them as intraday hedging positions, as an alternative to my usual scalping. Specifically, before carrying out my possible operations, I will need to have volumetric confirmation and volatility indications that reflect the previous conditions to determine a real interest in...
Next swing move can possibly start from 1.2100 down to 1.1522 before continuation to higher levels. Seems like price broke important resistance on higher timeframe.
Some time ago we have talked about EUR COT reports. Swing traders should focus on taking sell signals. Commercials are short this market, while retailers are heavily buying. We saw almost the same in 2018 before a big decline in EUR. I believe the story repeats. However, we don’t have a good entry yet. I have a feeling price will make false breakup before the...
The price is approaching an important area of support, it has created a triangle, and price will easily bounce up towards the highest trendline at about 1.0980. Volume of trading is low because price is in a consolidation phase, during next weeks we will see higher amount of volume and stronger movements. Keep in your mind that the long term trend is bearish, so...
We saw a strong bounce off of the 61.8% fibonacci zone, but we're coming up on a strong resistance that was previously a strong support. I like to play these Support/resistance flips the first time they test it as the supply usually keeps the price from moving through the level and they are nice shorts with a strong RR for less risk. I have a relatively tight...