Rocketman

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Technical reasons to buy: Ascending Triangle Pattern Bullish oscillators Established uptrend Pullback to support Goal: 2:1 Reward-to-Risk Ratio

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EURGBP @ Daily E Wave 4:1 rr going long

04:59

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EURCHF Medium-Term Trade Update May 9, 2021 This trade is based on both fundamental and technical analysis, highlighted in a recent post.

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Technical Reasons to buy: uHd ExDiv1 Bounce off of 1109 support Volume divergence Bottom of channel support Bounce off of cloud support

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This medium-term trade relies on the idea that the Swiss National Bank is dovish in respect to its growth and inflation prospects and lockdown measures. From May 2020 to February 2021, there has been an upward slope in the chart of EURCHF. I believe things will continue the way they are. Reasons to buy: Upward drift A dip in the EURCHF trend to a 38.2%...

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Reasons to sell short: Resistance Fib Candle Spikes Negative oscillators

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USDCHF is oversold. Technical reasons to buy: RSI bouncing from extremes MACD oversold 61.8% Fib Support Horizontal support Diagonal Trendline Support

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IHS Pattern After an 6% Drop in NZDUSD: Going Long Trade Idea: IHS Support & Resistance

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NZDCAD is a daily resistance point. A fall from grace may ensue.

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Fundamental Story: As the US begins is economy recovery, we should expect airlines to come back. Technical: Just look at that beautiful trend. And do you see that rising triangle pattern? Look at that highlighted candle with that rising volume. It is such a special candle. A great entry point.

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Reasons to short: Engulfing bearish candle near resistance Overbought Indicators Resistance above Target: 154 to 139 Reward-to-risk ratio: 1:1 or 2:1

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(1) Ascending Triangle Pattern (2)The candlestick closed more than 5% of the daily session. (3) Near 70% of the apex of the ascending triangle. (4) Upward sloping living averages. (5) Stronger volume moving out of the (6) Clear trend

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Reason to short: ExDiv#1 Tweezer Tops on March 29th and April 1st RSI divergence Fib extension (a-b-c-) Pullback into the weekly 61.8% - 78.2% fib resistance Weekly fib confluence at weekly resistance @ 1.9831 A potential technical short down to 1.9150, which is around the 38% fib support from the beginning of the rally from December 11, 2020

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EURNOK: From A Techno-Fundamentalist's View Fundamentals: Norway is an export-dependent economy and her currency is effected by oil. OIl prices and Norway's inflation remain strong, but not overheated. This is almost a goldilocks zone to support the thesis for a greater expectation that Norway's central bank will maintain a further hawkish stance for their...

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Technical Reasons: Lower volume interest Near the apex of a rising wedge Divergence Doji candle 2B pattern formation Fundamental Reasons: EUR has lower growth prospects and poor vaccination rollout. Recently the ECB made PEPP asset purchases at a greater rate than the first half of Q1 since the ECB intends to suppress yields to dampen further moves pushing...

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USDCHF Wave Short

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Chart Pattern: Ascending Triangle, a continuation pattern, where here, the bulls continue to buy the lows in an ascending way. Indicator: Hidden Divergence Volume: Confirmation of pattern Fundamentals: A stable company with large cashflow and great return on equity.

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GBPUSD: Reasons to short (*reposted from last week) (1) Weekly Shooting Star at Resistance (2) NR4IB bar (2) Divergence (3) Priced in optimism about UK's opening up because of the vaccination trend