Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 51.05 on 10/3/19 where the 4 hour is turning up. The wave (1) cycle from the 10/3/19 lows has ended at 65.68 and while a bounce fails below there expect another swing lower to correct the cycle from the 10/3/19 lows.
If we get to clear that "C" area marked up on the chart, we can expect the price to go short a few pips till ADR is maxed out
But, if that does not happen, we have to prepare to look for some bullish move because that what the TDI is still telling us from yesterday session
Remember that the 200 EMA is a big reaction point for the price
A good exit point will be...
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As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2605.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.2585.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Gold pair moved higher but still remained in trading range after holding support level on Tuesday.Stronger than expected US home sales buoyed the dollar, which continued to move higher on Wednesday. As technically the Gold trading in the range of 1260 to 1285.00,Prices appear to be forming a bear flag pattern after breaking down last week below support near the...
We are doing EURUSD Analysis in Daily Time frame
as you can see right now market is Holding Down channel line Support area. if we take entry from here then our risk to reward was perfect that is 1:3
If our target hitted then we will be in 120 pips profit
Target : 1.13584
Stop area : 1.11660
Note: This is only for Educational Purpose this is not an...
Entry : 1.19558
Take Profit : 1.20274
Stop loss : 1.8819
Risk Vs Reward: 1.17
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