aparkon

aparkon Updated 

Hello Traders! All major greenback pairs were up 30-50pips in a matter of two hours because DXY went down. The dollar index was bearish today and it has reached weekly resistance. I am expecting DXY reversal(up) afternoon and tomorrow so all major dollar pairs may possibly see a reversal. For the Cable pair, trendline from June 25, the top of the month may...

aparkon

Hi traders, The Cable is trending down as possibility of no-deal Brexit arises. As we are seeing its lowest in 2 years, traders are betting long on the cable now. 79% are long and only 21% are short, according to IG sentiment index. We have huge demand zone around 1.20XXX level so we will see the cable rebounding soon. Until then, we will continue to see a downtrend.

aparkon

Hello traders! EUR will test the key level 1.11XXX soon. If the EURO bounces from the key level we will be able to see a dead cat bounce run to 1.17XXX level most likely caused by dollar devaluation. If it breaks 1.11XXX level, we will be able to see the EURO values less than a dollar sooner. I believe 1 EURO = < 1 Dollar will most likely happen by mid-2022.

aparkon

Hello Traders! As I expected at the last post the Cable did not pierce 1.255XX key level. It trended down for three days and made Three Black Crows candle pattern which is bearish. Brexit is still very uncertain and trader sentiment is still bullish making 3:1 Long/Short ratio . I am expecting the cable to go sideways or false breakout on July 24th...

aparkon

ETH bounced back at the trendline and buying zone. Possible long opportunity. Buy @ 20X.XX level SL below this week's low TP @ 27X.XX - 28X.XX 1:4 RR ratio

aparkon

Hello traders! Here is the fundamental background of last week's movement. Last week's pair uptrend was the outcome of Powell's testimony at the congress. He made clear last week that the FED is very likely going to cut interest rates in July. As FED has finally become dovish, all the expectation for the rate cut is already priced in last week. **I am...

aparkon

Short

aparkon

Short then long

aparkon

FYI

aparkon

** Pair is getting close to the major supply area. Possible head and shoulder pattern seen. Short 1.456X area Buyback @ 1.407X

aparkon

Dead cat bounce, back to 1.256XX level and retrace to buying zone.

aparkon

GBP/EUR idea

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EURUSD

aparkon

GBP/USD pair reached support zone (demand area)

aparkon

Possible Reverse Head and Shoulder

aparkon

IG Client Sentiment is still very bullish . It went down to low 70% on the midweek, came back to 75% bullish level at the end of the last week. GBP/USD is getting close to the major supply area. Plan A: It will most likely test 1.275XX area and retrace to 1.271XX area. Plan B: The bar will sit above 200 EMA on 240min chart at the next trading session. ...

aparkon

short

aparkon

key points - - GBP failed to penetrate the previous top @1.274XX level - Double top formed, downtrend begun - GBP sentiment is still very bullish, 80% as of 06/05 20:00 EST. (3.78) U.S. economy fundamental is not strong, but Brexit is still wobbling. key events : 8:30 AM - Jobless claims (Jun 1) - expecting worse than forecast Forecast - We MAY see...