DXY - Correction in short-term but carefully for long-term!Correction in short-term but carefully for long-term!
Josh
The temporary rise of USDCADAlthough the trend of the USD continues to decline, this trade is aimed at exploiting the temporary rise of USDCAD.
06 AUG / USDCAD LONG:
- ENTRY: 1.325- - 1.327
- STOP: 1.314
- TARGET: 1.3470
All Eye on US Non-Farm And Comment of Bank of EnglishTECHNICAL ANALYSIS:
GBP / USD tried to break the resistance zone near 1.3110 but failed because it was not gaining momentum yet. GBP's RSI has dropped out of the overbought area, so GBPUSD still has some factors to be able to rise in the event of a catalyst. In case the GBP breaks 1.3110, the GBP will continue its uptrend and proceed to conquer the upper resistance area of 1.3200.
GBP jtaij current support area is 1.2980, if GBPUSD breaks this support, the price will lower further to the DEMA-20 line at 1.2880.
But for now GBPUSD is still in a bullish channel and maintains a good opportunity to continue to maintain a bullish status for Capple, But people should pay attention to reports and news, these things will affect the performance of Short-term price action of GBP
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TECHNICAL ANALYSIS:
GBP/USD da co gang pha vung can gan 1.3110 nhung khong thanh cong vi chua du da tang. Chi so RSI cua GBP da giam ra khoi khu vuc qua Mua, vi vay GBPUSD van co mot so yeu to de co the tang gia trong truong hop co chat xuc tac xuat hien. Trong truong hop GBP pha vo duoc 1.3110 thi GBP se tiep tuc xu huong tang va tien toi chinh phuc khu vuc can tren la 1.3200.
Khu vuc ho tro hien jtaij cua GBP la 1.2980, neu GBPUSD pha vo ho tro nay thi gia se giam tiep ve duong DEMA-20 tai 1.2880.
Nhung hien tai GBPUSD van dang trong mot kenh tang gia va duy tri co hoi tot de tiep tuc duy tri trang thai bullish cho Capple, Nhung moi nguoi nen chu y vao cac bao cao va tin tuc, nhung dieu nay se anh huong toi hanh dong gia ngan han cua GBP
My Research expects the market to "SHORT" WTIEntry: StopSell when price Break downtrend 40.00
Stoploss: 43.3
TP: 28.xx
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Note:
Rising virus cases from California and Hongkong
Rising USA-China tensions
Stalling progress towards a US stimulus package
TimeFrame: SwingTrade: We expect this trade to play out between the next 3-5 days.
TradeRisk:
Any Good Covid-19 Vaccine news.
Surprise progress in the US Stimulus bill.
This is a personal expect that should not be considered trading advice.
CADJPY / CONTINUEL BEARISH IN WAVES C OF CORRECTION WAVES.CADJPY / CONTINUEL BEARISH IN WAVES C OF CORRECTION WAVES.
MAJOR BEAR TRAP BTC 7800 AREAThis is not financial advice I'm a part time trader and full time musician so honestly most of you will probably think why are you even on here.
I love finance and have never fully understood it and don't imagine that I will. As vast dimensions of possibilities outgrow me.
Thank you for the patience and time to look through this idea, it's pretty self explanatory if you have any critique at all please, give it to me straight.
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Love you guys, be well in these times.
Blessings
