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This is one of our most popular articles and after reading Knez’s post about 1.0850 it is worth showing again, both for those who have not read it and as a reminder for those who have read it as well.
My Favorite Trading Secret: The Power of the “50” Level
My Favorite Trading Secret: The Power of the “50” LevelI’m
Nvidia – NVDA
Stock-split mania is powering chip stocks higher once again
Nvidia, which completed its own stock split before trading began this week, was recently up more than 3%. The AI darling closed Wednesday with a market value of $3.08 trillion, slightly behind Apple and Microsoft among the most-valuable U.S. stocks.
EURUSD 4 MINUTE CHART – Simple Trading Approach
iI am sure it is tempting but here is a simple way to avoid the temptation to pick a bottom until there is a reason to do so.
I use AT lines (blue domiating) with no retracements) but here is another way by just looking at this chart.
Count how many red vs green candles you see and notice there have not been 2 green candles in a row. When you start seeing green candles building one after another you can say the selling is likely over.
Note, I was raised using bars so what I see on candles does not come from a textbook, just common sense.
EURUSD 4 HOUR CHART – DOWN BUT NOT OUT
Best I can say is price action is a disappointment to the bulls and now dependent on 1.0750 holding to keep thoughts away from 1.0719-43 kry supports.
USDJPY moving the other way suggests Middle East concerns may be seeing some flight to safety.
This makes it a harder one to call so just watch 1.0740 and use it as a guide.
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