BTC is very respectable on psych levels. This setup is a clear indication for breakout of the ranging market and awaits a retest on previous resistance. A 2.50% risk for an 8% TP. The indication is there that cryptos and commodities will keep strengthening as investors are looking for alternatives for investing their capital in something that will not lose value...
With the dollar weakness across all major pairs. We can see a continuation on this bearish trend to tap into the lows once again. Will only look for entries once there are a clear close and retest of the candle on 106.000 level. Two Tps in play with minimal risk of 0.30% SL.
Looking for this short on GBPJPY. Not a big move. See a nice Head & Shoulders pattern to be completed. If we can sell off from 139.000 to 138.000 (right Shoulder)setup 1 will be completed and then looking at setup 2 for a bullish move. Entries will be at 138.000 will 0.30% SL.
Price reached a resistance level. Testing multiple times. We bounced off the 4hour EMA. Where buy orders were placed on the a mini support. We can expect some bearish momentum to complete our daily EMA, before we look for any buy entries to continue our bullish uptrend. If we do break the support level. Price will continue to see new lows. Entries will only be...