BTC/USD Forex Signal: Major Bearish Breakdown in Sight
The price has room to drop quickly if gets established below $30k area.
Last Wednesday’s Bitcoin signals were not triggered, as there was insufficiently bullish price action when the support level identified at $38,332 was first reached.
Today’s BTC/USD Signals
Risk 0.50% per trade.
Trades must be taken prior to 5pm Tokyo time Tuesday.
Long Trade Ideas
Long entry after a bullish price action reversal on the H1 time frame following the next touch of $32,343 or $28,607.
Place the stop loss $100 below the local swing low.
Move the stop loss to break even once the trade is $100 in profit by price.
Take off 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to run.
The price has room to drop quickly if gets established below $30k area.
Last Wednesday’s Bitcoin signals were not triggered, as there was insufficiently bullish price action when the support level identified at $38,332 was first reached.
Today’s BTC/USD Signals
Risk 0.50% per trade.
Trades must be taken prior to 5pm Tokyo time Tuesday.
Long Trade Ideas
Long entry after a bullish price action reversal on the H1 time frame following the next touch of $32,343 or $28,607.
Place the stop loss $100 below the local swing low.
Move the stop loss to break even once the trade is $100 in profit by price.
Take off 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to run.
EUR/USD Forex Signal: Weakly Bearish Below 1.1922
The price must break below 1.1850 for bearish momentum to continue.
Last Thursday’s EUR/USD signals were not triggered, as there was insufficiently bullish price action when the support levels identified were first reached.
Today’s EUR/USD Signals
Risk 0.75%.
Trades must be taken between 8am and 5pm London time today only.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1923 or 1.1943.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
The price must break below 1.1850 for bearish momentum to continue.
Last Thursday’s EUR/USD signals were not triggered, as there was insufficiently bullish price action when the support levels identified were first reached.
Today’s EUR/USD Signals
Risk 0.75%.
Trades must be taken between 8am and 5pm London time today only.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1923 or 1.1943.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
You can get a bitcoin wallet account from the sites below:
✅coinmama.com
✅ Luno luno.com (or get the app)
✅ coinbase.com
✅ btcmarkets.net
✅ brd.com
✅ Uphold.com
✅ Blockchain.com (install the app)
✅Cashapp.com
✅coinmama.com
✅ Luno luno.com (or get the app)
✅ coinbase.com
✅ btcmarkets.net
✅ brd.com
✅ Uphold.com
✅ Blockchain.com (install the app)
✅Cashapp.com
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EUR/USD Forex Signal: Retest of Last Week’s Low Likely
The pair will likely resume the downward trend as bears attempt to move below last week’s low.
Bearish View
Set a sell-stop at 1.1895 and a take-profit at 1.1848 (last week low).
Add a stop-loss at 1.1950.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 1.1955 and a take-profit at 1.2053 (38.2% retracement).
Add a stop-loss at 1.1900.
The EUR/USD retreated slightly during the overnight session as investors reacted to Jerome Powell’s testimony to Congress. The pair declined to 1.1920, which was slightly lower than Tuesday’s high of 1.1953.
The pair will likely resume the downward trend as bears attempt to move below last week’s low.
Bearish View
Set a sell-stop at 1.1895 and a take-profit at 1.1848 (last week low).
Add a stop-loss at 1.1950.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 1.1955 and a take-profit at 1.2053 (38.2% retracement).
Add a stop-loss at 1.1900.
The EUR/USD retreated slightly during the overnight session as investors reacted to Jerome Powell’s testimony to Congress. The pair declined to 1.1920, which was slightly lower than Tuesday’s high of 1.1953.