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- Ssm replied Mar 8, 2020
An exhaustion gap you mentioned will only be true if there is a bearish reversal with a closure of the gap. From the look of it, don't think the gap will be closed soon.
- Ssm replied Feb 29, 2020
I think this pair will remain bearish until price action goes back up to close above former support line at .6545. I am looking at least a H4 close to be convinced.
- Ssm replied Aug 24, 2019
I'm sure you saw Trump's tweet, didn't you? This pair going for a gap down on Monday opening. Nobody knows how much gap down we'll see with both sides fighting over the weekend. url
- Ssm replied May 4, 2017
UK is not. 6 founding members: Belgium, France, West Germany, Italy, Luxembourg, and the Netherland
- Ssm replied May 4, 2017
Don't worry abt it ..... Le Pen will not win. Voters will not want to see their hard earned savings turn into dust.
- Ssm replied Sep 13, 2016
.75 support clearly broken. We also broke thru Aug low. Bears having the upper hand atm.
- Ssm replied May 19, 2016
The trend is down my friend. From your moving average lines that you have, it shows downwards trend. Unless price can break back above .7250 with a day close candle, then we may call it a trap and a reversal might be in play. If not, trend is still ...
- Ssm replied Jan 8, 2016
Yesterday low was clearly breached, we will see next support at .694 soon. After that last support at magic number .69. If broken, it will be free falling.
- Ssm replied Sep 24, 2015
Wondering whats made the Euro so bullish today? Any fundamental reasons?
- Ssm replied Sep 24, 2015
0.7 still resisted at the moment. Look at the bounce at this level.
- Ssm replied Sep 24, 2015
As long as it stays below 0.7, the downtrend is still intact. 0.7 may becomes a strong round number resistance. This may be opportunity for more shorts to be added.
- Ssm replied Sep 24, 2015
Technically, AUDUSD below 0.7 is bad. Now staying below 0.6975 after week close will be even worse.
- Ssm replied Sep 24, 2015
China construction industry practically came to a standstill due to clamping down on corruption practices. Nobody in China dares to embark on construction projects fearing corruption investigations. Officials do not approve construction projects ...
- Ssm replied Sep 24, 2015
As long as we are below 0.7, we are on track to test 0.689 again. From there, we will see if it is a bounce or trend continuation lower.
- Ssm replied Sep 24, 2015
url By Joel Kruger
- Ssm replied Sep 24, 2015
Since 0.7 was broken today, if this round number becomes resistance, we will be testing 0.689 again soon.
- Ssm replied Sep 23, 2015
As long as China economy is down, Aud will be down. Where do you think China economy will be?
- Ssm replied Sep 23, 2015
Once 0.7 breaks, downtrend will be even faster as stops are cleared.
- Ssm replied Sep 23, 2015
AUDUSD is making new daily lows since start of this week, bearish should be very obvious. Same gameplay, any rallies will be opportunities for bears to reload their shorts.
- Ssm replied Sep 22, 2015
Another catalyst for the downtrend to resume.