Amidst the mighty trade war, China currency has a predefined limit on its weakness. Price has reached a strong support giving us a great opportunity to short. Stochastics has reach overbought level.
Disclosure : This is not a guaranteed trade signal. FX traders should know the inherent risk in trading FX market and its unpredictability. FX money management is...
Yesterday’s session turned out to be yet another success in a long row. The hypothesis suggested the breakout of Wednesday’s high and Dax was pierced that level with strong momentum, not even reacting by any bounce at the resistance level of 12 190. We haven’t even found sellers at the first resistance level laying at 12 097. Today we open with a descending...
nzd has been really weak due to interest rates cut from 1.75 to 1.5 %, price has had a top over 1.714 and then a fast drop to 1.70, that is a stop hunting signal from big speculators I think now price might fall.
risk under 2% of your capital
sell at 1.70270
take profit 1.68800
stop loss 1.70850
NANO is one of those Crypto coins that would see a much higher gain if BTC does as it is expected.
BTC today stayed under $5800 which showed the resistance under $6000 is not easy to break.
Nano would see a much better day once we see BTC break $6000.
anticipating a fall it will be a good one! The trades i post are the ones i personally take if you follow me long term we will always be in profit as the RR ratio of my trades are set to be in profit even with 31% win ratio, as ive said in my previous posts please do take partial profit at 40 50 pips and lower your stop loss or set SL to break even.
Bears can look for potential shorting opportunities. I want to wait for a false break to form, weekly candle to make a wick above 2700 and close again below 2600. Or a big bearish weekly candle like the previous one's.
Hedge funds are shorting the $VIX again at a near record level. Don't forget what happened last time they did this. It was October 2017.
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BTC seams now to lead the market and is touching the resistance. We have now to wait and see if it will arrived to pass the resistance or go back.
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"Warning: This publication is not an investment advice,...
In the spirit of load-shedding in South Africa, i decided to try out the dark theme. Without futher ado, let's start our analysis.
The price for this stock is forming a descending broadening pattern, and i expect it to continue to bounce against the pattern's support and resistance zones. The price for this stock is currently creeping towards a resistance level...
AMD is forming a peaks and valleys trendline pattern which is less common nowadays than in prior decades. One aspect traders need to watch for is shrinking run gains as a stock nears a resistance level. This warns early of profit-taking risk.
This market is range-bound and might not be wise to trade. However, we can make much use of the support and resistance theory since price has already broken the 1920 previous resistance-turned support level and is probably heading towards the major 2160 psychological price level. Remember that there is a psychological aspect to round numbers especially when...
Crypto bears are in control right now and the chart is forming a downtrend triangle. Bears might take XRP to test support level 0.00007565 However this doesn't mean we can not make some money with this!