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Fiber

GoldCartel - Fiber weekly forecastSo far, it still inside the flag and a potential bullish continuation pattern. Currently, the ranges are inside the white support/resistance, an excellent range for day-trading. Back to the basic, day-trading buy at white support, and sell white resistance while waiting for the incoming catalyst. I reckon it will stays inside the flag until September 14, 2020 or until it reaches the daily major trendline. A breakout below the flag and the daily major trendline means a reversal, and a breakout above the flag means a trend continuation. Time will tell, but currently I remain bullish until the catalyst says the opposite. Catalyst: - ECB Main Refinancing Rate - ECB Monetary Policy Statement - ECB Press Conference - US PPI - US Unemployment claims - US Crude oil data - ECB President Lagarde Speaks - Eurogroup Meetings - US CPI
Long
by GoldCartel
2
EURUSD SHORTWHILE THE DOLLAR STILL STRUGGLING TO RECOVER, EURO AND POUND HAVE BEEN TAKING ADVANTAGE AND HEADING HIGHER. HOWEVER, DOLLAR MAY HAVE FOUND SOME GROUND HERE AND THE BASIS OF THIS SHORT IS LOOKING FORWARD TO DOLLAR STRENGTH AS SEASON TENDENCIES KICK IN TO START THE 3RD QT OF THE YEAR. WHILST EURO STILL HAS INTERESTING HIGHS ABOVE THE MARKET PLC THIS IS A GOOD OPPORTUNITY TO GET IN SYNC WITH THE MARKET. 2 SCENARIOS. #1 OUR SHORT BIAS FAILS AND EURO RALLIES TAKING US OUT. THIS GIVE US INSIGHT THAT EURO STILL NOT DONE RALLYING SO WE CAN CAPTURE THE NEXT LEG UP ;] #2 EURO EXTENDS LOWER AND TAKES OUT 1.25500 LEVEL. AT THAT POINT WE COULD WAIT PATIENTLY TO COMPOUND OUR POSITIONS AND ADD TO OUR SHORTS SHOULD EURO PROVIDE PROPER RETRACEMENT. WHAT IS A PROPER RETRACEMENT YOU MAY ASK? YOUTUBE VIDEOS COMING SOON FOR REFERENCE AND MORE PRICE ACTION. THANK YOU AND STAY SAFE! BE FIERCE DO NOT GO GENTLE INTO THE LIGHT
by nightdrive
Symmetrical Triangle Forming on EURUSD!- On the daily timeframe, EURUSD appears to be forming a symmetrical triangle pattern, and a fall towards the lower trendline would support the continuation of this pattern. - Looking to the coming week(s), we should expect to see the price fall to at least the 1.09897 level, which proved to be a strong resistance level throughout April and May. - By close of play on Friday 19th, the price had crossed over the 20 day moving average; giving an indication that last week's downtrend could continue. - Similarly, we can see a crossover of the MACD below the signal line, and the RSI sitting at around 50; both providing no strong indication that the price will swing to the upside. - A rebound off the support line would confirm the triangle pattern, after which we would look to enter a long position. If the price were to find support at the 1.09897 level, this could be the foundation of an early trend reversal.
Short
by WillRakowski
1
Symmetrical Triangle Forming on EURUSD- On the daily timeframe, EURUSD appears to be forming a symmetrical triangle pattern, and a fall towards the support line would support the continuation of this pattern. - Looking to the coming week(s), we should expect to see the price fall to at least the 1.09897 level, which proved to be a strong resistance level throughout April and May. - By close of play on Friday 19th, the price had crossed over the 20 day moving average; giving an indication that last week's downtrend could continue. - Similarly, we can see a crossover of the MACD below the signal line and the RSI sitting at around 50; providing little indication that the price will swing to the upside. - A rebound off of the support line would certainly confirm the pattern and we would then look to enter a long position, but the 1.09897 level is still one to watch and could provide the foundation for an early trend reversal.
Short
by WillRakowski
1
EURUSD Stronghold To 1.11000| 28th April 2020|BIKKURISHITA .. neyh It is bikkurishita meaning shocked in english. Welcome to my trading diary. 1500hrs. I am in the middle of webinar for gold coaching. Bangsar, Kuala Lumpur- I was surprise that this week is a bless and curse. Today is 27th April 2020. We are in the midst of quarantine extension until 12th May 2020. Expecting the economy will be restarting in this range but I am sceptical about it. All of the people here fasting with a good blessing. Today I check the trading calendar and no news today. I was so happy because the market is going to one direction without the control. As I look on the EURUSD chart, I realize that it is the time for EURUSD to make uptrend. I am hold my trade. I am happy because soon the period of bearish is over. EURUSD will enter into uptrend more. So I am happy that I found out it is today to make a good entry to hold long term. I am seeing the 1.11000 is my target profit for the long term trading. I will not hesitate to adding more part by part. Good Luck on your trading. Regards, Zezu Zaza 2048
Long
by Zezu_Zaza
EUR/USD (Fiber)Hello Traders ! As we can see on the hourly chart, the fiber's uptrend broke the green support at 1.09407 and went on a downtrend. The 0.618 level served as a strong support. After a rebound on the latter, the fiber failed to break the 0.382 level resistance. On the mid level and red line resistance intersection, the price failed to break it and plunged strongly to the 1.618 fib level, after it failed to touch again the red resistance. Then it rebounded and touched the Red Resistance. It is clear that the market doesn't show a real signal for an uptrend. If the fiber breaks the red line, there is a high probability to witness an uptrend, that will be proved when the 0.5 fib level will be broke with big green volume and candle. However, if it doesn't, we are on a perfect sell area.
by AnyChart
1