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LATE IMPACT OF CRISIS ON LUXURY GIANT - HERMES - RMS - 30MNThe large uptrend line can be duplicated to see all other parallel levels where the market have found support/resistance. The price have then been ranging horizontally, after having broken this large uptrend line. Now it is time to consider the probability of seeing the market price fall a bit. The break of the lower part of the rectangles will validate that probability. In the other side, two natural upper resistance formed by the top of the two squares. Probability of pullback down from those points. Any break of the square up or down will be a nice entry point. Time to take profits for investor to reduce exposition and come back stronger after the probable share price fall.
EURONEXT:RMSShort
by Diallo_Charts_Ideas
USDJPY in the middle of the descending triangle!The market was following an uptrend channel until it collapsed because of the pandemic. Right now it's in the middle of the descending triangle. We expect one more bounce, entering short when the price will reach the top of the triangle (hopefully the Stochastic oscillator will be in overbought value), trying to get the TP1 and TP2. Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us! Enjoy Traders! GMPinvestors
Short
by GMPinvestors
GBPUSD following the down trend channel!Three clear bounce defined an up trend till a couple of weeks ago. After the market broke the trend, it got a complete inversion. It actually following a down trend channel, completing two bounce and reaching the third one. We expect the market goes down till our TP1 and TP2, entering short at the current price till the first and second support. Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us! Enjoy Traders! GMPinvestors
Short
by GMPinvestors
1
NZDUSD back to the previous channel?The uptrend was long and clear before to break the resistance at 0.62624, pushing up the price over the EMA 200. The price started to collapse breaking again on the support at 0.64130. This range, that we called action area is for us the best section to entry short reaching the TP1 and TP2 (only if the market will break the support at 0.62624). Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us! Enjoy Traders! GMPinvestors
Short
by GMPinvestors
EURAUD ready for an uptrendThe market broke the ascending triangle and it got a really high target before to collapse again. It bounced on the support at about 1.60150 and it started going up during the last three days. We expect the price reaching the target number 7, entering long after a new breakout on the resistence at about 1.65589. Let us know what you think, leave a comment if you have a different or a similar opinion and don't forget to follow us for new ideas! Enjoy Traders!
Long
by GMPinvestors
USOIL in correction waveThe market is in uptrend reaching the price on the resistance at 39.38, following clearly the first five Elliot's waves. We expect a short sideway completing 3 more correction waves. Our first entry price (Short) could be when the market break the support at 35.00, taking a profit on the next support at about 31.00. Our second entry price (Long) could be if the market bounce on the previous support (about 31.00), trying to reach our TP1 and TP2. Let us know what you think, leave a comment and follow us for our next ideas! Enjoy Traders!
FX:USOIL
by GMPinvestors