Hello! EURUSD seems to be good to buy at the dip on the trend line. SL below buy zone. Keep your attention on the resistance zone to fix profits. If we going to break from it, I will make update for you. Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor. Please don’t follow any analyst blindly. Always use stop...
Today, price not only closed above $1700, a psychological resistance level but also above its former high of $1703 on March 9. Fundamental narrative support further upside. Not only does uncertainty remain in the markets due to the coronavirus pandemic, which favors safe-haven assets (like gold), but with lots of central banks announcing record amounts of the...
Happy Easter! 😁 As a swing trader, we have a break to the downside and a potential right shoulder in progress. We want to keep in mind the shorter time set up for a potential bearish head and shoulders play. Tomorrow we will get the weekly close to see which way momentum is shifting. We will sit on the sidelines and see what it wants to do till then.
BEARISH Watch out if the production cut is more than 10m barrels per day. For the swing traders its a break below the symmetrical triangle on news of an OPEC agreement. BULLISH This break could be the technical signal for a long position if you feel the current weak oil story and positive global risk assessment will continue. Be informed while trading.All the best