The weekly time-frame on this pair has shown beautiful respect for the trend line. the trend-line recently rejected the Bears and the Bulls are pushing price back up and very fast. i expect to see price rally up to the resistance just above it which is where my first take profit is for the this current trade. I will be watching the resistance zone very closely to...
The DXY has over the past few months seen a decline in price and this has been the most anticipated market move. Currently, the DXY is sitting on a very strong support and has shown sign of rejection, but i wouldn't advice you to be happy just yet because there is a trend-line just above that the DXY has continuously respected. The trend-line at 104.811 will be...
Bnb has moved nicely. At the moment BNB is retesting the last high where it has been rejected again. I’m hoping to see BNB drop one last time to about $470 before it makes a power move to a new all time high.
From my chart I have my supply and demand zones that Gold has respected over time. From the demand zone you’d see a double bottom which is another indicator that the pair will rally up to the supply zone. My bias on Gold remains bullish till it gets to my supply zone where I would be looking for further market structure. Kindly follow me for more updates.
The USDJPY pair has maintained a continuous and healthy uptrend. As you can see the pair has overtime rested on the trend line. I would take a buy position and take profit just few pips before the resistance. The risk to reward on this trade is Good as well.
XRP on the daily tf has bounced off the 61.8 fib level which serves as a very strong support. I am hoping to see XRP continue its upward movement to about $2.3 in the coming week. Kindly follow me.
