MoneyBodySoul

MoneyBodySoul

Technical Analysis Previous two candles had large wicks indicating the bears have lost momentum and the bulls are taking control. There is a great opportunity to get into a low risk long position for BTCUSD placing stops below recent lows, while take profits set modestly below the trend channel. Entry: 9128 T/P: 9437 S/L 9028

MoneyBodySoul

Technical Analysis Assuming that the break from the channel is not a 'fakeout', we will continue with strong downward momentum this week: 07/05/18 . Evident that Bears are still in control. Targeting 0.382 fib level, likely to test the key 1.31 S/R level where Bears will start taking profits. Entry: 1.36 S.L: Above the previous weeks highs at 1.38 S/R level...

MoneyBodySoul

Technical Analysis The trend line highlights the continuing downtrend. Bears will start taking profits at the key weekly 76.00 S/R level resulting in good opportunities for Long positions. All eyes on Q1 Inflation Expectations from the Reserve Bank of New Zealand on Friday 4th May. Long Entry at 76.00 Take Profit set for 77.7 S/L at 75.4 below recent lows,...