If we take a look at the daily timeframe chart of GBPJPY we can see there has been some strong GBP price recovery following the JPY flash crash on January 3rd, 2019 - this is followed by some consolidation within Kumo. More recently, if we focus our attention on the daily Kumo breakout that occurred on Feb 8th, 2019 (which shows a bullish bias toward GBPJPY) –...
If we have a look at the daily timeframe chart of CADCHF we can see that resistance level 0.76176 has been rejected twice forming potentially a double top reversal. However, this downward price move is supported against by a strong trendline as shown above. With Tenkan Sen and Kijun Sen showing very little directional momentum and we are likely to see some...
USDJPY wait for a candle close outside support or resistance to enter the trade on the 1 hour timeframe.
USDCAD Long, Low hanging fruit, you are welcome. Merry Christmas! :-)
AUDUSD Buy, Stop Loss 0.7187, Target 0.7375. High Risk Trade. Supported by Economic data www.fxstreet.com
A surprise in Australis housing permits of -8.4% as oppose to the forecasted +1.8% has left the AUD relatively weak. A break and close above 1.8104 for GBPAUD would warrant a buy, assuming no negative news added to the Brexit situation. Will update with targets and stop loss accordingly.
Market Report Wed 8th Aug 2018 By Charlie Caddick Forex Trader & Mentor At Sach Capital. Learn To Trade www.sachcapital.com Click Here For Analysis Video
Be careful of the bull traps in BTCUSD, we've seen plenty of them lately, don't enter long until price clearly breaks the daily trendline.
COINBASE:ETHUSD Short, keep it simple. expect a price of $500 by April. This is not the end of cryptocurrency as most are making it out to be.