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Showing posts with the label forex markets

Trading digital currencies/bitcoin

Trading crypto currencies is whole brand new market which might atttact alot of already forex traders ..the rise of bitcoin, etherum, ripple , dash and zcash among many more has created a very big market with high volatility. You dont need to use leverage or margin to make enough money. Today for example , currencies like bytecoin , bitshares have made around 50% against bitcoin. That will make you 50% on your money in just one day. The opportunities are endless and the market is huge. There are many reputable exchanges and wallets which you can use to start trading and making money in a smart way. I will be posting later on how you can buy bitcoins and how you can start trading amd making money...if you have any questions , you can contact me via mail or twitter: boriology@gmail.com DM @b4borio

Platinum trade recommendation

I have been recommending going ling on platinum lately. It managed to rebound to 951$. It is still facing some resistance at 945$ and it is not able to close above 945$ on the 4h chart. Buy platinum if you are not already long , your stop loss should be on closing below 936$ on the 1h chart. Platinum retreated after touching he 200 moving average on the 1 chart. I think we might see a strong rebound to the area between 970-980$ in the coming days.

GBPUSD opening in gap

Cable traders are getting used to market gaps on Monday opening. most of the gaps recently are fueled by comments coming from the UK during weekend. Major news coming within the next few hours will be the result of hearings in front of british court deciding if parliament should be part of negotiations with the European union. Anyway, From technical point of view , I find that the pair is currently supported around 1.2130$ area as shown below and there is a potential trend line if not broken during the current 4h candle. Support can be found at 1.2130$ , So any long positions should be closed on 1h candle closing below that level. Targets for the long positions should be around 1.2360$