Antonio_trader

Antonio_trader

A continued plunge in tech stocks created massive selling panic. Still looks like profit-taking and market is waiting for a buy back opportunity. At the moment, we see a retest of the 200SMA and a broken pre-COVID high zone. A reverse pattern on smaller time frames could indicate another push lower. Fundamentals remain unstable as geopolitical relations continue...

Antonio_trader

Price touched 0.68 and confirmed the resistance zone. Now waiting for the break of the resistance level to buy and target higher levels. Potential to get in early in the trade now on smaller time frame if we see reverse patterns. The stock market is wobbly at the moment and USD could strengthen. Today is a bank holiday in USA and Canada, so stocks won't be moving...

Antonio_trader

DAX is at an interesting level. Now price moves along the uptrend line, tried to break it but could not close below. Stuck between 50 and 200 SMA's showing consolidation. 1st trade is to wait for the break of 50SMA and the high of 13129 to buy and target higher levels. 2st trade is to wait for the break and close below the support zone and 200SMA to sell. The...

Antonio_trader

Previous trade worked nicely as we bounced of 1.20. NOw waiting for the price to test the low of the channel and 200SMA. It is a strong area. 1st option is to trade a bounce and buy, looking for reverse patterns on smaller time frames. Fundamentals still show EUR strength. 2nd option is to wait for consolidation and trade the break of the channel and the 200SMA....

Antonio_trader

Price formed a rising channel near 1.20. If thee price breaks to the upside and candle closes above 1.20, buy to target higher levels. Alternatively, looking for reverse patterns and a bounce trade to sell. Please support the idea and share your thoughts on EURUSD! Good Luck and Stay Healthy!

Antonio_trader

With Abe resigning and FED easing a bit, we could see a red finish for the week. After the break of the pre-COVID highs, S&P500 continued high on massive buying, especially the tech sector. Now we are looking at the retest of the uptrend line from April. Looking for shorts on smaller time frames. Please support the idea and share your thoughts on S&P500! Good...

Antonio_trader

Hello traders, Japanese PM Shinzo Abe potentially resigns over health concerns. Having a PM who was in charge of the struggling Japanese economy for so many years resign now could create some risk-off mood. He was in charge of Japan since 2007, getting it through the Great Recession and the current crisis. Currently, price is testing a critical daily level around...

Antonio_trader

Price consolidating and trying to push through the resistance. If we see an impulsive spike and close, then we could see it reach higher to 78. Fundamental strong at the moment but waiting for the market to give us the signal. Price action is the best signal. Please support the idea and share your thoughts on AUDJPY! Good Luck and Stay Healthy!

Antonio_trader

Price retesting broken channel. With a bullish move higher, expecting price to go up to next target levels. So far, fundamental are looking bullish too. In the contrarian side, if negative news strike, then we can see another bounce off the trend line and look for potential reverse patterns on 30 min charts. Please support the idea and share your thoughts on...

Antonio_trader

Price testing a resistance level and shows consolidation. Wating for the spike through resistance to buy and target the next resistance level around 141 level. Please support the idea and share your thoughts on GBPJPY! Good Luck and Stay Healthy!

Antonio_trader

Looking at EURJPY, price retested the uptrend line and 200SMA. Now showing some rejection at the start of the week. Probability wise, the risk-reward is good for a short here. However, fundamentals do not show any clear direction for the moment. EUR has been very strong the past couple of weeks. If USD continues to fall, and bump the EUR we could see a break of...

Antonio_trader

Channel still holds, nor consolidating near resistance level. Also formed a small falling channel. So far technicals show continuation higher. Wait for the impulsive break of the level to buy. Please support the idea and share your thoughts on S&P500! Good Luck and Stay Healthy!

Antonio_trader

Price is now consolidating below the key 11000. If we look at Elliott wave analysis, this should be the top. However, this summer showed the exuberance of greed and addition of retail traders like Robinhood, shifted the balance making retail trading almost 25% of all trading in the world. So while I am still advocating for a tech bubble burst, it may come later....

Antonio_trader

Today we have massive earnings, especially Amazon, Apple and Google after US session close. It is unlikely that tech companies will be badly affected, except maybe Apple due to stores closing. From the technical perspective, we see a rising channel. A break could be traded, though 3200 support is close. Further break below could lead us to test the uptrend...

Antonio_trader

Price forming a potential Double bottom pattern with RSI divergence. Now waiting for the FED decision today, Powell will announce the forward guidance on monetary policy. While no major surprises expected, it is still unclear what the FED plans to do. Please support the idea and share your thoughts on USDCAD! Good Luck and Stay Healthy!

Antonio_trader

Price looks exhausted so time for a correction, forming a H&Sish pattern. 50SMA looks good as a trigger. Potential for quick in and out trades here. Please support the idea and share your thoughts on EURUSD! Good Luck and Stay Healthy!

Antonio_trader

Daily chart shows a Double Top pattern with divergence on RSI. This can give intraday traders space to make some short-term positions. A spike lower would be a signal to break the neckline. Minimum price objective is around 9800 round number. Important to notice the 50SMA and 10000 support levels on the way. At the moment of writing, indices look mostly flat with...

Antonio_trader

Price formed a rising channel, with recent 50% fib level bounce. Now close to testing the lower channel line. A break lower would indicate potential to target lower levels. Wait for close of the candle if you want extra confirmation. Please support the idea and share your thoughts on GBPCHF! Good Luck and Stay Healthy!