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ChiForex replied Feb 26, 2021EU still bullish, bounced off 4 hour support that's today's low, but on upside should break above 1.2180 first, still good resistance 1.2200s but base above 1.2180 will be good positioning for bulls. On downside, below 1.2130 to 1.21 and from there ...
EURUSD
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ChiForex replied Feb 26, 2021Nobody can know the exact timing of the movement but that it was coming anyways is the importance. Instead of doing it 3 days ago, GU kept clowning with a fake spike up to 1.4230s to crash down only before 1.5 day...why?? The answer is in Monthly, ...
Cable Update (GBPUSD)
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ChiForex replied Feb 25, 2021Now the retrace upward should find resistance around 1.2200 for swing sell
EURUSD
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ChiForex replied Feb 25, 2021This new 4 hour candle will be the first one from long time that if its retrace upward, will be a good opportunity to sell this pair at 1.4100-10 now, while support 1.4010-30 will hold the pair until further notice. Late hours to Asia session had ...
Cable Update (GBPUSD)
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ChiForex replied Feb 25, 2021There's correlation dysfunction with GU, matter of time to catch up and slide down.
EURUSD
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ChiForex replied Feb 25, 2021Price stuck inside monthly turning point zone 1.4140s, in between current support 1.4110 and resistance 1.4190 Buying or selling at current price is more about betting that's gambling. Wise entries buy just above 1.4110, sell just below 1.4190 SL at ...
Cable Update (GBPUSD)
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ChiForex replied Feb 25, 2021A talk btw us folks, wouldn't it be real interesting if GU reaches 1.49-50 this year
Seriously, far of analysis for now, at that price it's an easy long term heavy load sell and put your legs up on your desk relax for several months seeing ...Cable Update (GBPUSD)
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ChiForex replied Feb 24, 2021In my financial opinion, the answer is after the new monthly/weekly open candle, everything else is just noise.
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021IMHO GU still has a little rise to the said 1.4130-40 as a Max push then the sharp fall will come for some reason, mostly fundamental to join the technical outlook that's already overbought. I'll bet on that..and anyways SL is easy, tight and nearby ...
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021Sounds hilarious when those BTC hodlers start bragging about BTC reaching new highs. They didn't wake up yet from their dream to notice that there is no one to cash out with their BTC at such high prices if they wanna exchange it for money at price ...
Bitcoin (BTCUSD)
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ChiForex replied Feb 23, 2021The pair still holding above 4 hour support now around 45000, a base below will slide it to around 38000 Currently, the best is to wait for monthly and weekly close/open to see the more clear bigger picture.
Bitcoin (BTCUSD)
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ChiForex replied Feb 23, 2021GU is caught in a sandwich btw keeping the bullish trend by turtling upward and being already overbought. After retracing to past resistance now support 1.4090 bounced back up, looking to be going soon to 1.4120s nearing the crucial resistance ...
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021Noticed that most who are loosing here are the ones trading breakouts, waiting and expecting a change of trend that's never happening. Trade swings or new highs and you'll at worse get out at small loss.
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021Back to same range after Powell. The 1hr and above time frames are still bullish, price should break below 1.4050 for change in 1 hr to reach 4hr supports, but if price bases above 1.4095 other time frames will go bullish again..and we'll be going ...
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021GU bull story ended, whatever Powell says price can't go more than 40pips up that's today high, retrace down 1.4010s-1.3920s
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021Most traders are busy worrying of what price levels to buy/sell and Tp/Sl at than about money management. Most traders blow their accounts not because of wrong entries but because of risking more than 1-2% of their account balance on a single trade. ...
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021I see the pair falling down to around 1.4010 if not also continuing to 1.3920s later
Cable Update (GBPUSD)
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ChiForex replied Feb 22, 2021We're entering a very critical resistance zone up to 1.4130s as we're also nearing month end that's also week end. If price closes this high on monthly, especially above 1.4130s that's very bullish. A retrace down to 1.3920s-1.3970 is necessary for ...
Cable Update (GBPUSD)
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ChiForex replied Feb 22, 2021Maybe, but as long as you stick to trading at crucial price levels, setting your tp/sl accordingly, you'll not go wrong even when market move randomly.
EURUSD
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ChiForex replied Feb 19, 2021I can't see a base for EU bullish movement. I see it already faced resistance and the fall coming..
EURUSD