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TitleES1! H4 | Bullish bounce from 61.8% Fibo TypeBullish Bounce Preference:Price is approaching our pivot point of 4135.23 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 4197.98. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 4099.31. To discuss this […]
Equities Softer Amidst Hawkish Central Bank Expectations Global equities benchmarks have seen a mixed start to the week with most indices trading a little in the red across the European open on Tuesday. On the back of the upside momentum we’ve seen across asset markets in recent weeks, stocks have lost a little steam recently […]
TitleDXY H4 | Potential reversal from pivot TypeBearish Reversal Preference:Price is approaching our pivot point of 101.1265 and potentially reverse from here, we could see momentum carry price down to its 1st support of 100.3196. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 101.6778. To discuss this trading […]
TitleEURUSD H4 | Bullish reversal from38.2% Fibo TypeBullish Bounce Preference:Price is approaching our pivot point of 1.09802 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.10736. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.09242.. To discuss this trading […]
EURUSD, “Euro vs US Dollar” The currency pair formed a consolidation range around 1.1015, escaped it upwards, and reached the local target at 1.1065. Then a link of decline to 1.1015 is expected (a test from above). Then a new structure of growth to 1.1095 could follow, from where the wave could continue to 1.1120. […]
Retail Heavily Short EURAUD Looking across the skew in retail trading sentiment today, EURAUD stands out as a good candidate for long opportunities. The retail market is holding a large, roughly 90% short in the pair. EUR has been on a tear higher this week in response to hawkish comments from a group of ECB […]