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Wholenumber

Will IGNIS fizzle or RE-IGNITE, watch 23 cents and find out!With various action centered around whole cent price points, IGNIS on the 4 hr chart looks to briefly consolidate, touch 23 cents and either shoot back up (setting fire to the rain) or make a small, minor correction back to the next whole cent number. WATCH THE REST OF THE DAY, maybe you can get in on the next spike. Watch volume to see if the rebound is real or just a low-energy rebound. Remember if trading is stressing you out, invest in a hammock. Trading is always more relaxing in a hammock.. Just saying..
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by Ifyouonlyknew
1
Continued long forecast (History and psych level based)So far a my sentiment for this pair has been fairly accurate and I have been basing off my preferred trading strategy incorporating News, fundamentals, and technicals. The levels of support and resistance I have mapped out above the 1.19990 level become psychological levels that have strong support and resistance rejections/breaches that can be strongly correlated to the pairs history in this zone. The continued forecast I have mapped out is based off the end of 2017 beginning of 2018 trend that reached a target of 1.25000 which will be my ultimate target. To add to this sentiment, the trend we are seeing at the end of 2020 is accelerated comparatively. The next retest point is 1.23000 and we will see a pullback with continuation to 1.24000 followed by consolidation and a final push to retest 1.25000. Given the acceleration of this trend based off time period we may see a push through 1.25000 to reach previous highs. If you have the time back track to 2017 and 2018 to observe the pattern and correlated to my sentiment. I have attached two previous EURUSD one of which was spot on price action. Thank you for taking the time to check this out please comment with thoughts and ideas.
Long
by Pika7993
Buy/sell swing in clear horizontal channel Sup/Res patternI have presented the day chart with a clear pivot pattern from the top resistance of .96500. I have clearly mapped out the top rejections mapped by the red arrows since we entered this channel in early July. The light blue horizontal lines represent strong support lines and red horizontal as strong resistance. I have placed a green horizontal line as my buy stop at .96000. However this can change depending on how the market opens. Anything can happen so you can never be %100 sure of the direction. My TP once buy stop is triggered is set for that top redline resistance at .96500 I will then look to place a sell stop at .96400 if I see a strong candle retracement off top resistance using lower timeframe. My TP once that is triggered will be set for that strong support at .95000. The most important horizontal line I mapped is the light purple resistance in the middle of channel at .95800. This is a strong resistance once .95000 is breached on the way to top resistance. Bottom red arrow point to these occurrences as there is a medium retest before going back to top resistance. You can observe within the current day channel that the retest already took place. This gives me sentiment we will have a smoother ride to the top resistance. Please comment with any thoughts and comments!. This seems like a clear play out given the strong support/resistance points that have had the pair stuck in a horizontal channel for about 5 months.
Long
by Pika7993
EURGBP Break And Retest | Two Scenario's EURGBP is trading within a large range on the higher timeframes and is currently trading within smaller ranges on the lower timeframes. This is EURGBP on the daily Earlier this year price strongly rejected higher prices at the top of the higher time frame range, so we can expect price may fall to the bottom of the range in future. Price on the 1H chart has been testing the strong .9000 resistance level. Currently price has strongly rejected this .9000 resistance with a bearish pinbar and strong bearish momentum afterwards. We have marked two scenario's on the chart, and currently it looks like the bearish scenario is playing out. Follow us for more free analysis.
Short
by BlueFireForex