Looking very bearish. A short opportunity, TP at 778-800 range.
If it breaks out, based on technical calculations the TP should be at 0.06412
Looks like EURUSD going to retrace before going up to 1.24-1.25 level again. The 4HR trendline is broken, looks like we are going back to primary trendline.
Looks like we can start to accumulate any XXX/USD Longs slowly. I am favoring GBP/USD to express this trade.
We are at a decent support zone for now. Will it retrace to upper channel and come back down again? Going long now on USD is a very rewarding but yet very risky trade, as long the R/R is there I think this trade is still do-able. If USD rebound and drop again, this can be a very nice pair to milk some pips out of it for months to come as we can trade within...
Nice R/R we have if silver reaches the primary trend line.
With the Central Bank going to print money recklessly, looks like an alternative to hedge against fiat become toilet paper is something that is tangible. That being said the chart shows a 1) Double bottom 2) Continuation pattern TP around 34.2ish range~~
Looks like there is some short covering for USD, price shall retrace upwards and going back down again.
Looks like the trend is still in play, structure showing that it is slowing climbing to 1.25 before coming down to accumulation mode.
As long the support range is not broken, expected to go up.