USDCAD [SHORT] Double TopAnother Double Top Formation; looking to see this break the neckline and drop to an existing support.
Technical-analysis
USDCHF LONGWe see the RSI respecting this channel based on the overbought and oversold levels. We wait for price to come back to the demand zone as well as the RSI to be oversold. Once we see a reversal signal on the trendline as well as demand zone . We enter the buy having a RSI signal, ascending trendline and demand zone all aligned.
USDCHF ON SHORT AS WE CAN SEE USDCHF BEEN BOUNCE FROM THE RESISTENCE LEVEL AND IT CAN GO BEARISH TO SUPPORT LEVEL IF ANYONE LIKE MY ANALYSIS .. FOLLOW MY ID AND GIVE LIKE ...HAPPY TRADING
EURAUD LongEURAUD is at a key price level, and also has support from the yearly R1 and an ascending trendline on the daily chart. Targeting the monthly Pivot Point, which is the previous daily swing high, with a stop below the most recent swing low on the hourly chart. Good risk return of 1:8
If you have any ideas supporting or on the contrary to my opinion please feel free to leave a comment and we can trade it together.
Thanks and happy trading.
ÉireTrade CM
AUDCHF [SHORT] 50 pip FlagAnother small trade which involves around 50 pips; looking for a closure of the bar out side the blue channel.
Nordic American Tankers $NAT Long SetupFundamental Analysis:
Overall shipping stocks are bullish, with gas prices so low and people ordering like crazy off their government checks. It definitely will be my next move in terms of hedging against this Covid crisis. I'm not putting any price targets because the situation is very dynamic and I will most likely take profits depending on how this plays out.
Technical Analysis:
Gonna keep it short on this one but it is a good time to get in for a long term play. With the ascending triangle forming on the 1H timeframe, we can expect the whole shipping market to keep pumping throughout this crisis. Cheers and feel free to share your thoughts!
NZDJPY SHORTLooking for a sell off on this pair with strengthening in the JPY. TDI Cross with a lot of short term fluctuations looking for a longer term bearish trend. Short term MA cross confirmed too.
Do you want to fill your Pocket...? use ALARM on USDJPY
Break-Down Alarm :106.967
Break-Up Alarm : 107.876
Let's think about this logically :-
A break out requires a surge of 1.5x volume than average volume.
Too much surged volume, would force prices higher/lower quickly, so great care is taken. Put the Alert point of price rotation.
The Price will go away too far from Price Rotatio n after the breakout.
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Remember => " After greed comes fear – again! "
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USDJPY LONG (Shorter term)Very mixed signals from USD today (As seen in previous publication) USD has broken through some trending supports today, but has bounced on this pair. There may be a re-test of the trend so be cautious when trading USD today.
TDI and momentum suggest a bounce to the upside.
EURNZD SHORT (M30)Looking for a short on this pair with weakness n the EUR in most pairs this morning. TDI cross from above with decreasing market baseline. Moving Averages Decreasing and fast MA converging to slow MA.
A little bit of resistance expected in the short term, with a longer term sell off expected.
BTCUSDhealthy relief leading towards new bearish leg
recent levels to be secured - 5600 in reach - sell zone approaching
anticipate - react - execute
cheers
EURUSD analysiswith relation to USDCAD analysis (check recent post)
can see a steady bullish sequence as price creates from recent impulses - structure - continuation
price is currently ranging and new opportunities are presented at the bottom/top of these ranges
like USDCAD, there is no reason in why price cannot reach recent lows (an alternative scenario) - as of why patience is key
simple presentation - the deeper meaning is within the waves - mind games
many blessings ahead! good vibes only
anticipate - react - execute
cheers
GBP/USD H1 - SHORT into 1.21635?Hi guys, hope you all had a successful trading week! :)
What I'm looking at currently is the H1 Timeframe of G/U. The bullish moment that defined the last trading week for G/U has been slowing down completely at the 1.24820 S/R ZONE, noticeable by the repeated printing of small indecision candles at the zone, failing to close above it. In addition to that, we have finally broken the ASCENDING TREND-LINE that G/U has been riding on in the last hours on Friday before the market closure.
If we zoom out into the D1 Timeframe & draw the fib retracement from the top to the bottom of the last swing, we can also spot that we are currently sitting between the 0.5 & 0.618 fib levels which is being rejected right now, indicating that the golden zone between the 0.5 & 0.618 is holding.
I'm looking to short on the retest of the broken trend-line & S/R at around 1.24820, scaling in positions when its cascading down the previous mini S/R Zones, aiming for the wick at 1.21635.
Summarizing the Set-Up -I'm looking to short on:
- the back of S/R at 1.24820
- retest of broken ascending trend-line
- Golden Zone D1 fib zone between 0.5 & 0.618 fib levels
Friends, thank you for taking a look at my analysis for the upcoming week, don't forget to LIKE & COMMENT, so that I can see what you guys think about my analysis! :)
Take care! & wishing everyone a nice weekend...& a profitable trading week ahead :)
Noel Schwarz
Support And ResisitanceThe support and resistance should guide with the next price movement, if the price falls to the support it should be time for execution predicting for rally to resistance for a very short term trade and if the price breaks the resistance, the execution with should be made with a tight stop loss. As we can also consider the Golden Crossovers in Exponential Moving Averages ie: 20-50, 20 & 50 - 200. Further study should be made.
Thanks & Regards
Mohammed Azhar
Localogist Trading Co.
GBPUSD :UPDATE:This market appears overbought at this point.We want to see the market correcting itself by falling to 1.18383
We will continue to monitor this market and price action.
If however we dont see this kind of movement then we will be ready for a bull market till 1.28**
GBPJYPcould expect nice run to upside targets as bullish momentum is favours bulls
anticipate - react - execute
cheers
Tesla (Revised Elliot Count)The retracement down for the original ABC i posted was a bit too deep, had to go back and re adjust the Elliot Count.
Since originally i had the bottom at $560+ going below that and below .618 brings me to my bear count. Overall market is in a bear market phase now as well.
So I will now be expecting a lower low on Tesla, current impulse up is on falling volume so i expect this rally to fail.
Sorry but Tesla is not ready for higher prices and instead heading for lower lows.
Not a financial advice.
update to Bitstamp Hash Ribbons Indicator firstHere's hopefully a clearer picture of the first instance of price falling beneath the previous major low as indicated after the fact, by the blue circles of the hash ribbons indicator.
EUR/USD - Technical Analysis & Trading Idea - 15MHi Guys, Today in this Technical analysis of EUR/USD - 15M we can expect the price to go above Further.
GBPCAD Swing trade ideaPrice is pulling back to retest structure while also lining up with key fib levels. From this area we could see some sell orders enter the market and continue to push price lower.
