The folks at Tradingview recommended using a catchy title. If the end of the world doesn't catch your attention then probably nothing will. This end of the world is probably not as endy as, say, Y2K where the only safe place to be was on top of the active volcano Mt. Shasta. It's just the end of the road for Deutsche Bank and the current basket of currencies...
Dragon approaching a weekly resistance. Just like GN a line had been on both sides been respected and bull power seemed to ease of on friday suggesting maybe its overbought and a short term retrace is on the cards. I will be monitoring the action around the trendline and should price fail to break it throughout the week a short position back to support could be...
Hit the 78.6 fib retracement and bounced off strong 4 hour trendline. Continuing lower to complete head and shoulders reverseal pattern.
Hello, guys Here is my trading plan today Waiting this candle stick for confirm downtrend IF it is end of wave B, it will go to wave C (1-2-3-4-5) Waiting for Wave 3 of C (easy trade) IF still go up it can go to 61.8 and 78.6 Trade carefully , I bet first around this price (Fibo=50%)
PRICE IS MAKING ITS WAY BACK DOWN TO A CRUCIAL AREA A BREAK OF THIS LEVEL WILL SEND THIS PAIR INTO UNKOWN TERRITORY THUS CAUSING A PANICK, I THINK BUYERS WILL HAVE ENOUGH STRENGTH TO PUSH THIS BACK UPWARDS. IF SO WE ARE AT AN AREA WHERE WE COULD POTENTIALY FIND A BRILLENT BUY SET UP PLEASE FEEL FREE TO AD YOUR VIEWS AND OPINIONS
Pair was giving a trouble lot, we expected down trend after had channel breakout. But we were wrong and that breakout was just shallow wave B. However, same time this mess is clear now and we have more visibility of this pair move. We are expecting price to test 200 SMA on 240min chart and same time possibly we will re-test the bearish trend line.
Read text written in the chart.
Read text written in the chart.
GBPUSD is on risk of mean revertion downwards trade. Price is tagging upper 1st standard deviation from weekly (120-h) mean) from inside amid compressing volatility (measured by 3.2 standard deviations) Traders can take short positions at the 1st standard deviation (1.5450) with stop above relevant highs (1.5485) and targeting the weekly mean (now at...
I think i found quite an important resistance/support line here and i think it will go up from here. Please share your thoughts with me on this trade