EUR JPY Trade Setup Daily TimeframeEUR JPY has broken through a major resistance level, which has now turned into a support level, forming break and retest pattern on the daily timeframe.
We’ll be looking for buy entries from the retest level. to get our entry, let’s scale down to lower timeframes to identify chart patterns and candlestick confirmations.
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Forexmospherians
EUR/USD Trade Update on the Daily TimeframeEUR/USD has been pushing bullish and has reached a resistance level at 1.10100. We did not get a retest of the descending channel as predicted.
We will now be looking to sell from the resistance level if we can find solid trend reversal patterns and candlestick confirmations on the lower timeframes.
EURUSD - Still advocating south. Deeply imho.While the market is still buying the Baiden victory, which is completely unclear in the part of the euro against the dollar, we must look ahead.
Baiden is too old for the president, who will not have the party to control both chambers of Congress what has not been the case for a long time.
The election for the Senate of Georgia is so fierce that the final decision which party has a majority in the Senate we will see only in January!
The Republican Senate will not let the Baiden - raise taxes, change the environmental agenda, will not approve the 3 trillion aid package as Democrats want.
Funding for government spending will end on December 11.
If Trump fails, he will do nothing but protect his future, not as president. He may resign and ask the vice president to grant him amnesty. Pence will do so. Trump will laugh, everyone else will cry.
If Biden puts his skates back and goes to the valley of flowers, the president will be Harris, which is not supported even by Democrats. Biden does not remember where he is elected, confuses his wife and sister, and even Trump and George W. Bush.
This is end of democracy and United States are clearly going to totalitarian theme facing United Soviet States of America.
Not legal and financial advice; any information provided here is only the personal opinion of the author.
EURUSD Oct 23, 2020 - new round of teasing on the cardsEUR is overvalued still, but nothing to do with this company of fraudsters trying to climb as high they want, Europe will be all in lockdowns. but they will sing the same song of everything fine, buy the fiber.
As expected yesterday market corrected to the 1.1800 level at least, even briefly during the night on tiny liquidity touch 1.1784 as previously broken trendline. It is not trading it is drawing of charts. imho.
I will sell the spikes, cus I expect sudden drop in this road of Russian roller coasters.
Not legal and financial advice; any information provided here is only the personal opinion of the author.
EURUSD 22 Oct 2020 Nothing new from yesterday, while we stay under 1.1865 it is a correction mode till 1.18 at least.
Fiber overvalued, but retail is 75 percent short according to IG data, imho I do not know can we trust this.
Not legal and financial advice; any information provided here is only the personal opinion of the author.