Price completed a false break of the neckline and retested top of the shoulder 1795. FOMC this week also validates this trade. Cheers
Price is underpinned on weekly timeframe and struggling after many attempts to push higher. We have two areas of target as shown in chart. Excellent risk to reward.
Support created and we are ready for up movement.
Stoch is highly oversold and a reversal has presented itself
Monthly swing target is ready. High probability trade.
Bitcoin correction is almost completed and buying opportunities is going to present itself at the $3200 price tag. This is a perfect longterm opportunity for traders and holders of actual bitcoins.
One last drop to 2016 low. We can sometimes see price create a wick below these lows creating a bounce. From a macro prospective economic slow down in the economy but summer is on the way. Best of luck.
The pair is expected to remain bearish as risk off continues and investors see safe havens like the Chf and Jpy. Pair will break support and create new low. Sell on every lower timeframe pullback. I expect bearish momentum to continue until virus outbreak has been controlled.
Corona virus has been upgraded to a pandemic. This is one of the safest forms of communication. Buy and hold. Price will create a new high.
Mystical Babylon is finally falling? All global financial markets are all crashing simultaneously, oh great oh Babylon who filled the Kong’s of the earth for years has your time come? Orange line is your level to watch. I call this simple orange line your recession and end times indicator. Goodluck.
Banks have pushed price low enough. Demand for the Eur is quite low but we expect bullish engulfing after ECB president Lagarde speech. This is a high probability setup. Use 30 pip sl as price can wick down then bounce.
Decision time At a key area of support and underpinned by slow down in manufacturing in China because of the Coronavirus resulting in a lower demand for the commodity. We are relying on some sought of event to give us a bounce for bulls to take back control, maybe an oil tanker going down, some explosion, some disagreement in the middle east? Or maybe even oil...
Longterm trade idea. We see the Russian economy in shambles. Add buys on every pullback. Trust the process