themantrafx

themantrafx Updated 

Why to short EURUSD right now? Technical Analysis for EURUSD : 1. EURUSD Higher Time Frame shows a downtrend in General (Yellow Trend-Line) 2. Previous support become resistance (red box) 3.Head and Shoulder Pattern Broke Down and Previous Neck-Line confirmed as a resistance.

themantrafx Updated 

The trend is your friend, until it is not. DXY is gaining strength and momentum, and most probably going for a further rally, which in this case will most probably cause AUDUSD to drop further.

themantrafx Updated 

NZDUSD is potentially going down further down due to the strength of the US Dollar. USDOLLAR is going on a rally right now, so expect major XXX/USD pair to continue to plummet further.

themantrafx Updated 

DXY is gaining momentum to the upside, we're expecting a weakness on all major XXX/USD pairs, which might be a good swing potential to the downside.

themantrafx Updated 

The trend is your friend, until it is not.. US Dollar is expected to go on a rally, therefore, XXX/USD pair is expected to fall accordingly.

themantrafx Updated 

USDCAD failed to break out from the downward trendline. In this scenario, the green box is the potential entry zone for this short position, and the take profit is around 1.3102, 1.30670 and 1.30250 area accordingly, while the stop loss should be somewhere around the 1.31720 area. All technical indicator is also pointing to the downside. Entry at 1.3140 SL at...

themantrafx Updated 

The Bear and Bull Whales are currently on a price war to determine the direction in which bitcoin is supposed to be going on the next up coming weeks. The Bull Whales are trying to prevent the 4H 200EMA and 55EMA from doing a death cross, while the Bear Whales are trying to make the 200EMA and 55EMA death cross to happen. If the Bull Whales are indeed winning...

themantrafx

Head and shoulders pattern forming up on the hourly. Bearish divergences on volume, RSI and Stochastics. Expect a move down of 0.69050 up to 0.68850

themantrafx

Small Bullish Divergence on the 4 hour price mark Abit Oversold on RSI and Stochastics

themantrafx

Bullish Divergence cooking up on both hourly and 4 hourly chart Generally higher time frame indicators and signs win over lower time frame indicators