since the fall of US DOLLARS in the previous week, i am expecting further weakness this week hence this short trade idea .
first take profit is about 60 pips from entry.
although i never expected the huge fall of bitcoin all i am currently concerned with is the bearish flag pattern it is currently forming.
investors are still showing their fears and faith on BITCOIN but does this pattern shows that the "fear" is taking over?
As the EUROS keeps declining since the outbreak of COVID -19, there are key levels that traders have held their positions.
at 1.05092 level, a lot of buyers have pumped in money twice in the month of April 2020. now as price is approaching this level
it will be ideal to look out for what could possibly play out.
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there seems to be a lot of bullish pressure coming in for some alt coins like this one just analysed .
the bullish breakout and retest has taken place and now the bullish reversal shows that price could get
to $2.6 .
expect more analysis from me this coming week , support by following and clicking the like button.
my first analysis on GOLD was that it could make new highs but the long term goal was to head bearish. the bearish phase is currently in play as price as made a bearish pin bar on the weekly time frame which tells me that although the bull did their best to push price high, the bears had the market all along. entered a short position risking only 40 to 70 pips to...
I stated earlier in my previous posts and analysis that the EUROS have been very bearish lately and the downward push has continued this week and could still follow up even in the the month of May.
here we can clearly seen the EURCHF has broken out of a daily support zone and is making it way down to another monthly support level.
my premium signal group were in...
as demanded, this is how i expect NAS100 to play out. wait till price gets to the first resistance zone marked out with yellow. if sellers hold their positions at the first zone, they could sell and my first profit target will be the BLUE LINE. also if there is bullish breakout , retest and reversal out of the first resistance zone, then we can buy and take profit...
WHAT'S GOOD EVERYONE? this period of corona virus has been both a blessing and pain to everyone. making money from home just got better , the only bad side of this pandemic is the loss of jobs which i believe will loom after this pandemic is gone and those who have not been properly equipped will have themselves to blame.
this setup i analysed on my private...
from last week, the euro has been falling and it is still falling this weak. here we can see that after each bearish fall, the pull backs have been relatively weak.
on my premium group this is what i analysed , as usual waiting for the break of the structure in the bearsh direction before i will place a sell order.
follow me and comment on the currency pair you...
although gold has been making long term highs for the past three months, the 1701 level has played a key role for sellers. This 1701 level has played a key role for the sellers unless buyers decide to breakout and head higher.
this could be as a result of the serious depreciation of the US Dollars in this Corona virus period. all i am expecting this period is for...
hello guys, ever since bitcoin fell to $5k, the bullish movement has been a very gradual one. although there seems to be a lot of seller at the 8500 zone, my analysis from last week has been on a bullish move towards the 8300 zone and if we fail to see any bearish actions there , we keep expecting more bullish actions. STAY TUNED FOR MORE ANALYSIS ON CURRENCY...
