First target 1.0660 T/P 1.06325 Enter sell stop at 1.0676
Seeing a lot of downwards momentum. There just was a moment of a reversal on an important zone. It tested it two times but the second time was lower then the first touch. So I expect the the downwards momentum to continue. I will place a s/l on the spike and a t/p on around 0.53500 You also can wait for a break of the blue zone for more confirmation. Have a good...
Hi, after taking a lot of bullish trades on usd/cad I am looking for sell positions. We saw a trend reversal at an old resistance zone from 2016. At that time the currency was at the exact same situation as it now is. The momentum looks bearish also because it broke the trend line to the upside. The purple lines are targets where you can close parts of your...
We just had a big bullish trend. On longer time frames like the 1d you wil see a bearish trend and you will see that we are close to the upper trend line. There is big likelihood of a change in short term momentum, and a trend continuation of the longer time frame. If this is the case the pair will or directly reverse or it will got the 112.000 zone and then...
I think there are two situations: Situation 1 : little pullback to the old support zone that now functions as a resistance zone, then downwards tot the blue zone. When it breaks the blue zone the bearish momentum has a high possibility to continue. Then I will look for a sell postion, the target is hard to determine because the pair never went so low. Situation...
Hi, this is my point of view where EUR/USD is going. Let me know if you agree or disagree in the comments and why.