FTSE Break out ? Good evening traders today i am having a look at a possible long position and i would like to be finally breaking the down trend and have a good RR of 4.7
US
DXY, Gold, Silver and Channels. Wait it out.For those concerned about $GLD $IAU $SLV going up long term, look at this as a multi-day/week event. It will go up, but it likely needs to pull back more first. It's not news/media that's pushing this down, but rather simple mathematical Fibonacci trends and channels that are following through. $DXY (the US dollar) will continue to rise until it either hits the top of its trend line or the edge of the channel. Gold ($XAUUSD) and silver ($XAGUSD) will continue to fall until it does. Sure, there will be micro-ups... but my personal recommendation is to wait until Gold gets to the bottom of the channel, and DXY gets to the top.
I'm not a professional or an analyst by any stretch of the imagination. This is just what I see right now.
US30 Sell still valid.Still time to review and consider this one - not far from entry price.
This entry is based on our specific parameters for US30 as you can see in the bottom graph - almost a 1000% gain since 2018 with a fixed 1 contract size, no compounding!
We are aiming for TP3 or closure for a reverse trade for target, but manage as you wish should you enter for those without access to our tool.
Regards
Darren
EURUSD: Direction is Chosen
EURUSD broke and closed above the resistance line of the horizontal decision range.
now the breakout is considered to be confirmed, and it is a clear bullish sign for us.
the expansion to 1.2 level is highly probable.
however, note that the last few candles are very weak.
it looks like the market is relatively overbought after a breakout.
for that reason, look for an entry on a retest.
good luck!
USD/CAD - SWING - 18. AUGU. 2020 🇺🇸🇨🇦Welcome to the Day Trading Setup (USDCAD)!
This is my personal view of price action
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6 Six hours
Tendency to rise
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Forex Swing
Buy USDCAD
Entry Level @ 1.31374
SL @ 1.1.31032
TP @ 1.33947
(Remember to add a few points for all levels - different brokers!)
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Leave us a comment or want to keep our content free and dynamic.
Have a wonderful day!
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right Now
US30 VISION Dawjones Near Now From The Highest Levels @ 29500-30000
And This Is Very Strong Area To Sell With Sl Close Above 30000 , US30 Seemed to rise, Coinciding with Russia's announcement of the production of a Coronavirus vaccine and the recovery of the industrial US economy
USD/JPY : Roles exchange ratesWhen a role exchange takes place, prices naturally rise to a higher price than before
USD/JPY may fall 14 - 34 pipsPivot
106.80
Our preference
Short positions below 106.80 with targets at 106.40 & 106.20 in extension.
Alternative scenario
Above 106.80 look for further upside with 107.05 & 107.15 as targets.
EURUSD: Consolidation & Complete Indecision
EURUSD is currently stuck within a wide horizontal trading range.
because the trend is still bullish, we keep being bullish biased and expect a bullish continuation.
however, it is very risky to buy the market from current prices.
to catch the next bullish wave I would suggest waiting for a bullish breakout of the resistance of the range on 8h.
then we can initiate a long trade on retest.
goal will be 1.20
sometimes consolidation is the first reversal sign,
for that reason, we should also consider a bearish scenario.
to catch a bearish wave, wait for a bearish breakout of the range on 8h.
goal will be 1.16
good luck!
AUS/USD : Ascending symmetric triangleHe gets close to breaking the proverb and climbs up to repeat the test
BULLISH GET WAY crab pattern almost completed
we expect bearish will take lead to push price down to value area and demand areas as shown on the chart
USD JPY ANALYSIS FOR TODAY - PULLBACKWe miht have a very strong rejection toward the red trendline and have a strong pullback,
Dollar Index REVERSEHello, Traders!
With the beginning of the new week, DXY shows some reversal signs. For the past 2 weeks, this index has found solid support above 93.
On a local 4H Timeframe Support and Resistance zones are created, so we need to pay close attention when index is near those levels.
If the breakout occurs, the FIRST target is 94.5 level.
Good Luck!
correction setup my last idea AB = CD for DXY still valid this is the bullish correction in general view
for lower time frame we expect bull back as shown on the chart hit support
POTENTIAL CUP AND HANDLE PATTERN ON MSFTProjecting a Potential Breakout MSFT, Forming CUP AND HANDLE PATTERN, after a Good Run from 195 to 217, the stocks consolidate since JUlY 17, If It managed to Break 217 with Volume, 230's Level in sight
USDCAD: Multi Time Frame Analysis & Trading Plan
USDCAD is currently trading in a strong bearish trend .
during the last few days, we saw a nice pullback though.
friday's candle closed on a resistance line of a falling channel .
matching with fib.levels of the last legs and a horizontal structure on the left,
the price is now clearly trading within a strong structure resistance area.
to catch a bearish continuation I would suggest being focused on a bearish flag formation on 1H.
we need a 1H candle close below its support to initiate short.
target levels:
1.332
1.326
stop will be above the last flag's high.
in case of a bullish continuation above the underlined resistance cluster,
setup will be invalid.
USDCAD: Multi Time Frame Analysis & Trading Plan
USDCAD is currently trading in a strong bearish trend.
during the last few days, we saw a nice pullback though.
friday's candle closed on a resistance line of a falling channel.
matching with fib.levels of the last legs and a horizontal structure on the left,
the price is now clearly trading within a strong structure resistance area.
to catch a bearish continuation I would suggest being focused on a bearish flag formation on 1H.
we need a 1H candle close below its support to initiate short.
target levels:
1.332
1.326
stop will be above the last flag's high.
in case of a bullish continuation above the underlined resistance cluster,
setup will be invalid.
