The EURUSD Violated a Major Support Level

Last week the EURUSD was finally able to break the 1.1665 support level which is also the neckline of a Head and Shoulder Pattern. This week,  i'll be looking for a pullback to previous support which hopefully should act as  resistance for a sell opportunity to ride the market lower. The next level of support is the 1.1400 level.

I made 135 pips from this trade

Hello Traders, i thought i should share the screenshot of a trade i took on the NZDUSD pair 4hr chart. This was strictly based on price action and i made a total of 135 pips risking just 40 pips

This trade gave me a reward/risk ratio of 3.375:1. if you would like to learn more on how you can get involved in trading opportunities like this, stay tuned to this blog as i will be sharing more information about it very soon. Cheers!!!

Another Bitcoin Retracement on the way?

The Bitcoin has exceeded our expectation and has been steadily trading north, we recently exceeded the $6000 dollar price mark.

But as you know, markets don't just continue going straight up or straight down, at some point the market is bound to give back some gains.

Right now from the technical point of view, we may have reached a very critical level in the market.
1. we just completed AB=CD harmonic move
2. There a confluence of 1.414 extenstion and 1.618 fib inversion.
3. The RSI indication is showing bearish divergence.

We are begining to see a reaction at that level. if it holds there are two possible levels price could trade to and find support.

The first level of support is  $4950 level and the second is the $3250. if the market is able to get to the 3250 level, it would be in confluence with the 200 EMA.

For now all we can do is watch what the markets decides to do and look for any high probability opportunity to get involved.