PYPL
PYPL, Made The Move Below Major Trendline, Next Steps Ahead!Hello Traders Investors And Community,
Welcome to this analysis where we are looking at the 4-hour timeframe perspective, the recent events, the current formational structure and what we can expect the next times. PYPL like many other stocks in the current situation provided heavy bearishness to the downside, the big question now for this stock is if it will continue or manages to reverse in the structure, as the major indices also looking seriously bearish with a bigger potential for continuation given as there is the gap between the real economy and stock market existing we can not take the bearish perspective out of sight here and there are some possible outcomes I detected properly fulfilling when the stock shows up with the proper price-action in its destinies.
Looking at my charting you can watch there this huge low-volatility-cycle established now for a longer time period, furthermore, the stock broke below major layers of support which are now resistance, these are firstly the ascending trendline marked in blue which was a fundamental step into following up with this bearish move secondly below the EMAs where also a bearish crossover formed, these EMAs are now serious resistance and it is possible that we see a consolidation where they properly confirm as resistance, when this happens we can expect the next movements to consolidate between the trendline and resistance when the grey trendlines are broken there will follow up bearish pressure with a high possibility given.
In this manner, thank you for watching, support for more market insight, good day to you, and all the best!
“The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance.”
Information provided is only educational and should not be used to take action in the markets.
PAYPAL: one of the covid winners about to move againPAYPAL has gained more than 100% since Covid-19 hit the market
This stock has the potential to continue its growth due to worldwide digital payment adoption accelerated by the pandemic
Currently PAYPAL is at a buying zone after a pullback
We project a further impulse up to about 15% gain
Entry and target area as shown
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Signals for 13/07/2020Hey guys, I am back with some more signals for all who want them
EURUSD – the price is in an important support right now, expect an impulsive breakout, pullback and fractal, and then short with a target at 1.1265, or a false breakout, pullback and fractal, and then long with a target at 1.1345
GBPUSD – Same idea, the price is crawling towards a support at 1.2588, Again, either reversal pattern or breakout, long target at 1.266, short target at 1.252
USDCAD – the price is also having a party inside a level, realistically, wait for a breakout either way, long target 1.351, short target – 1.351
NZDUSD – the price is poking at a support right now, I’m thinking breakout on this one – impulse down, pullback fractal, all that jazz, target at 0.652, might be a bounce or false breakout though, so watch out for that fractal, if anything, long target at 0.659
XAUUSD – The price is jabbing at a dynamic resistance, and with how gold is, I really believe we’re getting a breakout soon. Is the price impulses out the resistance, long with a target at 1900
PYPL – like I said last time, it’s looking quite bullish, there will likely be a pullback to the level at 175, followed by either a bounce or false breakout, after that just long with a target at 192.
That’s about it guys, I hope you found this useful, have a good one.
PYPL is forming bird pattern:It breaks all the resistance and currently there is no resistance that PYPL conform that it will move down.
The stock will gravitate little downwards from current level and will continue move upwards.
The stock is bullish.
Smaller time frame for better understanding:
Above 175.48 level can move up-to 182.07
Down move can be till 164.11
Signals for 09/07/2020Hey guys, I’m here once again with some signals for you all.
EURUSD – it’s looking like a false breakout of an important resistance at 1.1350, I expect a downwards move after the pattern finishes, so put a target at 1.12, but there’s a chance that there’ll be an impulse upwards, above the level. If that happens, enter with a target at 1.14
GBPUSD – I expect a bounce or possibly a false breakout from 1.2633, target at 1.255
USDCAD – the price is just about floundering below the level at 1.35220, it will likely go down, in which case you can short with a target at 1.3420. What may also happen, although less likely, is an impulse up above the level, in which case enter a long with a target at 1.3550.
PYPL - I recommend a long, as soon as the price pulls back to 175, with a target at 190.
VISA – I recommend you long with a target at 200
DIS – there was a bullish breakout of a range recently. I’d wait for a pullback and long with a target at 122.
That’s about it, I hope you found this useful, have a good day.