Pivot (invalidation): 12230.00 Our preference Long positions above 12230.00 with targets at 12300.00 & 12365.00 in extension. Alternative scenario...
USDJPY looks to extend recovery towards 107.93 zone in the days ahead. On the upside, resistance comes in at 107.93 level. Above this level will turn attention to the 108.50 level. Further out, we expect a possible move towards the 109.00 level...
Soros Spirit capabilities Soros Spirit is a powerful multicurrency EA with eight trading systems. These trading systems are created based on Soros Spirit trading engines which simultaneously work with four trading scenarios...
Setup 1HR chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller) Is this high volume down wave the 1st push that will change the trend or is it continuation? Let's Read the chart: 1...
In my last blog I talked about how easy it is to get distracted from “THE GOAL.” As traders, our goal is not to have a high winning percentage, a low risk/reward ratio, low drawdown, or a high rate of return. Our goal is simply to make money...
Setup 1HR chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller) This is why GBPJPY most probably will start retracing: 1. Touched the 4HR resistance several times 2. High Speed Index of 37...
The latest batch of European data does not paint a bright picture of the economy. The first signs of weakness came from German when manufacturing PMIs dropped below the 50 threshold and economic growth contracted in the second quarter...
Markets are extruding a bit of skepticism and exhaustion when it comes to US-China trade negotiations. US Treasury Secretary Steven Mnuchin sound positive in remarks on trade talks yesterday stating they have “made a lot of progress”...