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Setup 1HR chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller) Is this high volume down wave the 1st push that will change the trend or is it continuation? Let's Read the chart: 1...
In my last blog I talked about how easy it is to get distracted from “THE GOAL.” As traders, our goal is not to have a high winning percentage, a low risk/reward ratio, low drawdown, or a high rate of return. Our goal is simply to make money...
Setup 1HR chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller) This is why GBPJPY most probably will start retracing: 1. Touched the 4HR resistance several times 2. High Speed Index of 37...
The latest batch of European data does not paint a bright picture of the economy. The first signs of weakness came from German when manufacturing PMIs dropped below the 50 threshold and economic growth contracted in the second quarter...
Markets are extruding a bit of skepticism and exhaustion when it comes to US-China trade negotiations. US Treasury Secretary Steven Mnuchin sound positive in remarks on trade talks yesterday stating they have “made a lot of progress”...
Pivot (invalidation): 57.70 Our preference Long positions above 57.70 with targets at 58.65 & 59.30 in extension. Alternative scenario...
Pivot (invalidation): 18.0100 Our preference Short positions below 18.0100 with targets at 17.7100 & 17.5200 in extension. Alternative scenario...
Pivot (invalidation): 1500.00 Our preference Short positions below 1500.00 with targets at 1475.00 & 1465.00 in extension. Alternative scenario...
Pivot (invalidation): 2989.00 Our preference Short positions below 2989.00 with targets at 2960.00 & 2940.00 in extension. Alternative scenario...
Pivot (invalidation): 12155.00 Our preference Long positions above 12155.00 with targets at 12300.00 & 12365.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7280 Our preference Long positions above 5.7280 with targets at 5.7650 & 5.7810 in extension. Alternative scenario...
Pivot (invalidation): 0.6875 Our preference Short positions below 0.6875 with targets at 0.6835 & 0.6820 in extension. Alternative scenario...
Pivot (invalidation): 1.3155 Our preference Long positions above 1.3155 with targets at 1.3185 & 1.3205 in extension. Alternative scenario...
Pivot (invalidation): 0.9905 Our preference Long positions above 0.9905 with targets at 0.9950 & 0.9965 in extension. Alternative scenario...
Pivot (invalidation): 107.15 Our preference Long positions above 107.15 with targets at 107.55 & 107.80 in extension. Alternative scenario...
Pivot (invalidation): 1.2355 Our preference Short positions below 1.2355 with targets at 1.2330 & 1.2315 in extension. Alternative scenario...
Pivot (invalidation): 1.1065 Our preference Short positions below 1.1065 with targets at 1.1035 & 1.1015 in extension. Alternative scenario...
CRUDE OIL price build up targets the 58.79 resistance zone as it retains its strength. Support lies at the 57.50 level where a break will expose the 57.00 level. A cut through here will set the stage for a run at the 56.50 level. Further down, support comes in at the 56.00...
GBPUSD resumes its corrective recovery strength with eyes on the 1.2459 level. Support lies at 1.2300 area with a break below that level turning attention to the 1.2250 level. Further down, support lies at the 1.2200 level where a violation will shift focus to the 1.2150 level...
