Looking at this pair from a long-term perspective, it is easy to say that the sellers are very strong but we can not give up on the bullish potential opportunity that might be evolving after witnessing the multiple rejections of the $0.99 area in the last 3 weeks to project a certain level of strength from the bulls to resist selling pressure from this zone. So, this video illustrates in detail how I intend to trade this pair in the coming week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
Bullish signal established as price breaks out of the key level identified at $1.0100 zoneGood morning
Trade active
I want to see the price continue to respect the bullish trendline as I want to see the price above $1.01450 (multiple/sharp rejection) to add more positions.Good morning
Trade closed manually
Stopped out at entry. Let's see what happens after the Consumer Price Index which has affected the USD positivelyNote
With a significant breakdown of the bullish trendline that was supposed to guide my bullish expectation this week following the Consumer Price Index yesterday. The activities in the early hours of today resulted in a rejection of the demand zone of around $0.99500. So, is there going to be a reversal set up on the lower time frame to signal a buying opportunity?Good morning
Trade active
Reversal set-up evolving as right above the strong psychological level @ $1.0000 mark becomes a buying niche.Note
Still await the breakout of structure to give me a signalGood morning
Trade active
We finally witnessed a breakout of the $1.0000 level to incite a bullish signal. A retest of the structure will be confirming of bullish momentum.
Trade smart. Trade consciously
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade smart. Trade consciously
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.