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EUR/GBP IN A SEDEWAYS AND ON 23.6 FIBONACCI EUR/GBP has been trading in a sideways manner since November 17th, between the 0.8380 and 0.8430 barriers on a 4-hours chart. However, bearing in mind the fundamentals and that the prevailing longer-term path has been to the downside, we would see more chances for the rate to exit the range to the downside rather than to the upside. An apparent dip below 0.8380 would confirm a forthcoming lower low and may see scope for declines towards the low of February 25th, 2020, at around 0.8335. If that level cannot stop the fall, we could experience extensions towards the 0.8294 zone, which prevented the rate from falling lower back on December 12th and 13th, 2019, as well as between February 13th and 18th, 2020. On the upside, the traders would like to see a break above the upper bound of the aforementioned range and 23.6 Fibo level before examining whether the bulls have gained the upper hand. This could result in advances towards the inside swing low of November 15th, at 0.8462 and 38.2 Fibo, the break of which could target the high of 50.0 Fibo level around 0.8483 or go higher to 61.8 level around 0.8513. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
EUR/TRY SKYROCKETS AFTER INTEREST RATE CUTSEUR/TRY skyrocketed today after Turkish President Recep Tayyip Erdogan defended the massive and continuous interest rate cuts amid double-digit inflation. He said this is part of an “economic war of independence,” rejecting calls from investors and analysts to adopt a different strategy. Turkey's short-term external debt stock rose to $124.4 billion, an increase of +8.8% since the end of 2020. The rise in USD/TRY and EUR/TRY rates will exacerbate Turkey's debt problems over the coming months. According to data released by the CBRT, nearly 43% of the country’s debt was denominated in US Dollars, and just over 25% was denominated in Euros. Inflation is near 20% in Turkey, and the Turkish central bank has cut interest rates by 400bps since September, with the latest one being 100bps, delivered last week. This, combined with investors' fear over the lack of independence of Turkey’s central bank, has resulted in a 40% drop in the lira this year and 20% since the start of last week alone. From a technical trading perspective and looking at our oscillator indicators, we notice that MACD is above zero, and the trigger line and RSI is strongly in the overbought zone. The price yesterday stopped at 2.00 Fibo level, and it would be interesting how it will react in the following days. According to the experts, the rate would continue conquering fresh highs, and the price could reach the next Fibo level 2.272 at a price around 15.50. But if it starts correction from this key point, it is possible to drop down to 1.618 Fibo level at price levels around 13.50, and if the price breakthrough the following story, it is possible to see the rate dropping all the way back around 11.50 levels. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands
by legacyFXofficial
1
EURUSD Daily Price prediction and best entrances points(BUYSELL)There are 2 most possible setups for EURUSD trade in daily timeframe according to fibo levels. first scenario is sell after falling under the oriented trendline after valid descending engulfing(or your favourite signal), and the second scenario is buy trade if the price breaks up the fibo level(0.236) plus valid ascending engulfing (or your favourite signal), the TPs are spotted on the chart and SLs must be according to your strategy(like previous swing high/low). welltrade friends!!!
Short
by Ali-mohammad-pahlawan
Learn the Range Trader Strategy | Part 1 - The LevelsIn this lesson, I discuss the important levels to know for the Range Trader Futures Trading Strategy. The indicators on the chart that produce these levels and values are the following: 1) The "T-Line" is a 233 period Exponential Moving Average (EMA) | Built-ins >> Indicators 2) The prior session highs and lows are plotted using the 4C Yest HLC/O indicator | Community Scripts >> Search for the script name 3) The overnight or Globex highs and lows are plotted using the High/Low Of Custom Session indicator | Community Scripts >> Search for the script name 4) Volume Point of Control (VPOC) is calculated with a Session Volume HD script | Built-ins > Volume Profile (These scripts require a paid TradingView plan) Now for the levels ... Identify the prior session high and low. Identify the overnight high and low. Identify the prior session VPOC. (Current session VPOC is noted only if the overnight range exceeds 50% ATR prior to the U.S. stock market open). Identify if price is above or below the T-Line (233 EMA), indicating a bull/bear continuation or bull/bear neutral pattern. Identify the 7-day Average True Range (ATR) for the instrument/product you are trading. Follow Me here on TradingView to be alerted to the next videos in the series that go into set-ups, signals, and entries for the Range Trader based on these levels.
CME_MINI:ESZ2021
by RodCasilli
6
How to trade levels? How to play price? How I made 30x in 2 yrs!In this video: I draw out a hypothetical initial investment. I should how you can multiply your net profit by trading out and back in along the way to your final projected target. This video is all about trading levels, a strategy I have developed from years of experience that has helped my to multiply my crypto profits exponentially. I have 30x'ed my initial cash reserves over the period of 2 years. I think you can too. I am going to show you how I did this.
COINBASE:UMAUSDEducation
by stewdamus
4
The next support levels on GOLD If you've been following our analysis, you know what to expect from GOLD In order for this to complete, we will be following for a breakout of the next support levels! The first key level is at 1759. A drop below this level will confirm our analysis and it will result in a further downside move. The next significant level to watch out for is 1745. A breakout of that level will give us the opportunity to add to our positions. As of right now, we don't yet have an active position here.
FX_IDC:XAUUSDShort
by ForexTrendline
19
OXTUSD Orchid Hit 48 CENTS Resistance Exactly. Now Where To NextThe previous video explained the bullish behavior of OXT. Inside bullish triangle Consolidation phase nearing an end Testing huge resistance many times Etc. (see link to Related Ideas below) In this video, I analyse the greatest probability of where OXT goes next: Currently hitting our heads on resistance at 48 cents How strong is the 48 cent resistance line? Where did the 48 cents resistance come from? How did I develop it? What will OXTUSD do next? Greatest play scenariors.
COINBASE:OXTUSDShort
by stewdamus
14