Sterling was under a great selling pressure against US dollar since couple of weeks but it is a time for correction or might be the reversal on breakage of key resistance levels. This pair moved more then 600 pips in 7 weeks.
Technically this pair is in bullish trend for day trading because SMA 100 and 200 are indicating a clear bullish trend. Ichimoku cloud signal is also bullish in h1 graph. Alligator and parabolic SAR signal is also bullish in h1 graph.…Continue
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BOB stands for break out buy and BOS stands for Break out sell. When a stop loss hit, this pending order will recover the loss. The TP for this limit should be…
Great British pound is under a great selling pressure since 7 weeks. The signal currency lowered more than 600 pips in 7 weeks. This pair is strongly consolidating below 1.6675. Some correction is expected here but the trend is strong bearish. If correction starts here than the expected targets is 1.6696.
Buy Abobe 1.6550, Expected Targets 1.6595/1.6620 Stop loss 1.6521,Break out sell 1.6518.
Gold prices ticked down in early Asian Session,…Continue
Dollar Index is overbought since couple of days and the daily candles pattern is indicating that this instrument is strongly consolidating below 81.80 level.
Gold prices are moving between small gain and losses since yesterday. Today in early Asian Session this metal placed high 1300, the yellow metal is traded above then the daily pivot level. On the other hand dollar index is overbought since couple of days and candlesticks pattern is indicating bearish signal.…Continue