Once I have posted that Turkish lira will get to 7.0000 and some locals from Istanbul commented very aggressively, that it's not possible, and this is bullsh*t. But you can see now that price is already 6.9020. When I am saying that some currency will drop, it will ! not because of my position against that country, I have a lot of very good friends in Istanbul,...
You can trade on EURUSD currency pier after breaking of T1 or T2, to the same diraction, arround 30-40 pips
A lot of traders asked to right this video on russian, so i decided to right all videos in English and Russian.
Horizontal lines ar crucial to find the best stop levels, but they can give you much more information and also trading opportunities. Try to draw them in a right way and I am sure thay will help you.
Mean principles and examples of using trendlines in a right way.
Short overview about Fibo levels on EUR USD chart
Yesterday we have closed our trade on euro - Japanese yen at 118.89 due to changed market conditions. But anyway took 80% from forecasted profit.
Great opportunity on euro - Japanese yen currency pier.. Long.
As i tald you, Euro - US dollar currency pier reached 1.0845. Take your profit !
Correction of the last signal ! Close your profit, price can change its direction, due do US unemployment and payroll data. So we can make decision only after this news...
USD can advance against Japanise yen. You can follow the pattern wedge on H1 chart, T1 and T2 trendlines. Theoretically price can break T2. Target 108.67
Euro - US currency pier has crossed T2, this is a signal to short EUR, but still be careful, because price has crossed back T2, so we need more time. The head and shoulders was formed perfectly yesterday, that was great opportunity for short sell.
Following last signal, inside the pattern triangular another pattern head and shoulders was formed, which can be the argument that price will cross T2 trendline. But we can make final decision only after crossing
Market sentiment is littelbit complicated, US unemployment rise to a cosmic level, most of indeses are decreasing, but stimilus packege from FED is strong instrument which can hold dollar. Tecnicaly there is patternd triangule, we need to wait until price will cross T1 or T2 and trade to that direction 40-50 pips. Wish you successful week !
Ukrainian hryvnia is ready for second rally, now target is 28.421, lets see if price will cross that level
US is pushing Saudi Arabia to and Oil conflict, during this crisis more than 75% of oil storage globally are full, soon there will not be place to storge oil at all. So we have sensitive thoughts, in one way Oil can drom to $ 9 historical law, bot on the other hand, if Saudia Arabia will negotiate with other OPEC members, price can stabilized arrond $27 per barrel
T1 is crossed, technically you can buy USD against JPY, but in my opinion it's little bit risky now, because fundamentals are extrimly changing and Japanies yen is quite strong and stable. So buy USDJPY, but be careful and in case if price will cross back T1 clos the deal.