Welcome Guest! To enable all features please Login or Register.




Go to last post Go to first unread
#1 Posted : Friday, January 29, 2021 2:52:21 PM(UTC)

Rank: Advanced Member

Groups: Registered
Joined: 5/8/2019(UTC)
Posts: 978
Location: beijing

A Retest of 1.30 Level Expected

During this week trading session, market speculators would be expecting a further drop extension as we see a visible bearish pattern formation of a heads and shoulder with a confirmed test of the neckline and during the Monday trading session, market participants, are once again looking to retest the neckline range.To get more news about WikiFX, you can visit wikifx official website.
  Price structure is trading below the 50 day moving average as market speculators are targeting the 1.30 and 1.2965 price handle level will be looking at the band to hold on as dynamic resistance line and also as a focal confluence area or zone for trade setup for sell orders or limits since if any unexpected bullish drive past this technical confluence then, it would be considered a change of market sentiment.
  The H4 chart below offers a good entry probability as market participants look at last Fridays trading session high and the hour four 200 moving average band being a confluence order block zone.
Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.
  Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa.
Users browsing this topic
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.