Community Blog

Filtered by tags:  Swing High
Avatar

Gains in EUR/GBP Likely Over

The EUR/GBP is approaching overbought levels. After the latest 400 pips rally on the daily chart below we peaked at 80 on the Stoch and we're now dropping down. The gains likely coming to an end here.
On our second chart below we're seeing that this currency pair has been range-bound for almost one year, since September of 2016. Notice the swings up and down, every rally is being sold into while every drip is being bought. Furthermore here too we're seeing the Stochastic Oscillator above 80, sig…
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
oderum Kommentare zu hinterlassen
Avatar

More Gains for the Japanese Yen

The Japanese Yen is slated for more gains against the US Dollar. Look at our first chart below. Notice how for the past four months the bears have been on the offensive, selling every rally and attacking the round 100 figure. The small rectangles on the chart show the tests of this level, a total six of them.
With each test the odds increase that we will see a break below. But if we see a decline, where will prices stop in October? I’m betting on close to 96.16 and here’s why. Not far from 100 …
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
oderum Kommentare zu hinterlassen
Avatar

EUR/AUD Trade Setup

Yesterday I entered in a long EUR/AUD position partially because we have made a new swing high but more important because we are in a strong bullish trend. After we broke the last swing high market has retrace back into the range and I thought this is a good opportunity for those who missed the trend to get back with the general direction. Unfortunately I realized I don't have enough margin to carry this position over the weekend due to the fact that I was holding another position at that moment…
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
Metal_Mind avatar
Metal_Mind 28 Dec.

You made awsome trades even though it was holiday period. Keep them going . Good luck.

oderum Kommentare zu hinterlassen