Fundamental view: The Market has set its mind in the previous week and the greenback stands powerful against EUR. Federal hawkish Comments supported dollar whereas the second wave of virus Europe pressurizes EUR against USD. US Core Durable Goods Orders on 25th Sept showed bullish trend whereas US Richmond Manufacturing Index on 22nd Sept and [...]
Fundamental view: The US dollar initially fell a bit during the week, but then turned around to break above the resistance of 105.70. Britain CBI Industrial Order Expectations on 22nd Sept and US HPI monthly report on 23rd Sept created upward movement for the pair whereas Britain CBI Realized Sales on 24th Sept and Britain [...]
Fundamental view: Bitcoin fell in the last week initially due to the positive sentiment for the greenback but managed to bounce back in the coming days until it fell in the last day of the week. According to a study by researchers at the Cambridge Centre for Alternative Finance, the number of people who own [...]
Based on a price pattern, the bear trap trading strategy is a price action trading strategy. Bear trap chart patterns are bullish patterns, that means on seeing it, we should only be looking to buy. We need The ability to spot or identify major support levels. The ability to do multiple timeframe trading. The ability to identify bullish [...]
