TheFinancialTRDR

TheFinancialTRDR Updated 

Note: DO NOT FOLLOW THIS TRADE BLINDLY! Hi traders. Retest of the blue zone to ride it up. Could look to swing this into next week if the economy begins bouncing back up. Fundamentals wise, the UK economy is opening up so Sterling should strengthen against other currencies. Seen a two day cable sell off, approaching a possible reversal. Awaiting a possible...

TheFinancialTRDR Updated 

Hi traders. BTC has approached a support trend line. Believe it is time for a slight push upwards. Week upwards target shown by red arrow. Bitcoin halving coming up soon so price should hopefully rise. Like & drop a follow if you agree! Note: DO NOT FOLLOW THIS TRADE BLINDLY!

TheFinancialTRDR

Hi traders. Expecting gold to weaken as many economies begin to reopen, and lock downs across Europe come to an end. Thus, fundamentally, in the short run, gold should weaken - believe the price is too high for the current situation anyway. Expecting an intraday move upwards, towards the 1695 resistance region before a pullback and steep fall down. Creation of...

TheFinancialTRDR

Hi traders. It is very unlikely that oil supply and demand will change in the short term. There appears to be no apparent supply cuts in order to support the oil price. Buying volume also appears weak in the short run. Only rising tensions with Iran could possibly cause USOIL to push higher. As a result, as the global lock down will not halt suddenly resulting in...

TheFinancialTRDR

Hi traders. Following the turmoil with oil prices falling globally as demand for oil weakens, I am planning on purchasing shares in certain oil firms. One of these firms include BP. As oil prices are dwindling down, I would expect the earnings report released towards the end of April to be terrible news for the firm. Thus, I would ideally buy shares at low...

TheFinancialTRDR

Hi traders. Following the turmoil with oil prices falling globally as demand for oil weakens, I am planning on purchasing shares in certain oil firms. One of these firms include Royal Dutch Shell (RDS.A). As oil prices are dwindling down, I would expect the earnings report released towards the end of April to be terrible news for the firm. Thus, I would ideally...

TheFinancialTRDR

Hi traders. If XBTUSD is able to break out of the purple resistance trend line drawn, we could see a strong upside push towards the outer resistance lines. Expecting the pair to push higher, following the heavy sell off earlier. SMA crossover has also occurred on my chart, further validating the idea. I will only enter this trade upon confirmation of a solid...

TheFinancialTRDR

Hi fellow traders. GJ ended up not adhering to my last trade idea, so I did not place any orders. I think if this new red line proves to act as a resistance trend line, we could see a pullback. Looking to take profits along the way. This is just technical analysis . Do not follow this trade blindly! If you managed to read it this far down, thanks for reading...

TheFinancialTRDR

Hi traders. Planning on longing GJ if it fails to break above the pink resistance level and also starts to fall back down, towards the green support trend line. If the blue support level holds, I will plan on placing a long trade for this pair. If this support level does not hold, then I plan on placing a long from the next green support trend line drawn below....

TheFinancialTRDR

Hi traders. Considering a long position once it hits the black region stated, if daily pullbacks still occur. RSI could look to approach oversold region, helping aid a reversal. This is just technical analysis . Do not follow this trade blindly! If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas &...

TheFinancialTRDR

Hi traders. On the 1H XAUUSD chart, price appears to be compressing into a structure, of which it could possibly break out of. I expect possible movement within this structure for a couple of hours. RSI seems heavily overbought so I would consider any shorts for this trade, BUT due to current market news with regards to a recession, I would ONLY ENTER UPON...

TheFinancialTRDR Updated 

Hi traders. USDJPY appears to have been forming a descending triangle on both the 4H and 1H time frames. Since market open today, it has broken out of the structure to the upside but since has now been pulling back. I believe this was a fakeout. Providing the green trend line is broken on the 30M or 1H time frame cleanly, it would then be time to short UJ to the...

TheFinancialTRDR Updated 

Hi traders. Gold has recently been in consolidation after a bullish few days and struggled to break around the resistance region of $1656, but also appears to hold support around the region of $1645. As of now, on the 1D time frame, we can see the formation of a rising wedge - I think now is the perfect time to short this pair, once the rising wedge is broken out...

TheFinancialTRDR Updated 

Hi fellow traders. USDJPY over the past week has been in a strong uptrend. It appears it may be time to see a correction, slightly towards the downside. Awaiting testing of the red trend line drawn. Upon this, looking to open a short position and take profit at the 0.382 Fib level. Stops are tight in case this idea is invalidated. RSI (14 period) further...

TheFinancialTRDR Updated 

Hello traders. GBPJPY is approaching the red resistance line drawn. I believe we could be looking to enter shorts from this region. I would aim to retest the support trend line drawn within the next day. Would suggest waiting a bit longer until the red resistance or higher is tested to then open a short. I think we may, in an unlikely scenario see a push to the...

TheFinancialTRDR

Hi fellow traders. Considering that GJ has tanked significantly from its weekly highs a few months ago, all in the region about 140.000(+), I think now might be the perfect time for a reversal. RSI has also tapped the oversold region from last month, it might be time to see it go up. I believe we could possibly see a long trade that could play out within the...

TheFinancialTRDR Updated 

Hi fellow traders. Considering GBPJPY has just tapped the trend line from below acting as support, I plan to swing this trade to the upside where the upper resistance trend line lies. Aim to enter slightly lower than the current price, setting a buy order around 133.350. Could possible retrace lower and then move to the upside, so be ready to buy in at a lower...

TheFinancialTRDR

Hi fellow traders, Today, I will be taking a look at BTCUSD from a technical long term perspective. Looking at the pair on a monthly chart, we can see if a Fibonacci Retracement is used from the swing high in December 2017 to the swing low created in December 2018, we could look to use the extended Fibonacci Retracement tool to paint a picture of where price is...