EURUSD has clearly broken the 1.20 monthly res for a while. Right now its definitely looking over bought, so upon the next month I'm thinking we're going to be seeing those sells happening maybe back to the 1.20 res but most likely hover just over it at 1.205/1.21 I'll be placing buys at 1.21 with a TP at 1.27 then buy again to TP at 1.35 (6 Months+). In the short...
Looking how crypto's have exploded recently and with the news of BTC may become a commodity we could see an initial fall back to $365 (0.618 on the fib) with that initial break of the resistance line, to put most buyers off thinking it'll be a selling market then we'll see a rise up to $600-$700 mark. I'm waiting this one out until we see the price to $370 then...
Looking at the charts for the run down in tomorrows futures opening I believe we're going to be seeing a price correction to the lower side as we still have people selling after the massive ramp up a few days ago.
Plus wall street want to make sure they can get the best price they possibly can so we're seeing right now market manipulation. After the first round...
I think there is so much happening right now in Europe and to be fair its not positive.
So, for me I'm going for a short I've already taken trades with this pair but I am going to wait and see what the next couple of candles are like on the 4h chart. I'm looking for candles to not break the 1.10 resistance.
Overall on this pair we're still very much bearish and...
Well I dont normally post up ideas on here but I think for the future I'm going to take some time to post a few charts up!
Okay, so my thoughts on the DXY I firmly believe we're looking at a rate hike in December which will increase the value of the dollar upto previous 2015 highs! (100.5) If we get a continuation from this then a further price increase to 102.5...
Just been looking at the GBPCAD and I think I have found a ABCD pattern.
The C leg is on the 0.618 retracement (1.8300) with a possible 1.272 retracement to D leg at 1.8500
could I trade the short down to D leg then go long on the D leg?
What do you guys think?
