Slow morning in FX. Most traders are waiting for Draghi at Sintra or the FOMC on Wednesday. Euro fell back after the bullish ECB meeting and now momentum is negative. Is the market is ready to embrace a U-turn and explore the opposite direction? Only Draghi or Powell will provide the answer. Play continuation breaks, likely on any Sintra news today.
Pay attention to the updates section as I will be posting when I will be entering my trade. Please follow and do leave a like if you enjoy what you see want to see more live trading :) The analysis is made based on order flow using Volume Profile + EW For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a...
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade. 15 minute chart!!! Breakdown of possible bear flag. Target @ .686 RSI div. MACD histogram div
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade. AUDUSD, or xxxUSD looking bearish on longer timeframes. USDxxx looking like ATH’s xxxUSD looking like ATL’s. Any thoughts/posts/analysis would be greatly appreciated! “Big week in xxxxxx this week guys” lol. But, we are about to break down through daily/weekly swing...
I would've hoped for a stronger breakout coming out of the ending contracting diagonal so that makes me believe we could come once or even twice more back down to test the lows, maybe forming a double / triple bottom along the way which could in terms initiate the move to the upside. Let's see :) Follow and drop a like if you found this idea helpful. ...
Possible long opportunity on the USDCAD - wait for further confirmation on the 4hr and other technical indicators. May hold out until Monday, to enter.
UK leadership hopefuls launch campaigns to take control of Brexit today. Initial news due around 17.00 CET. Boris Johnson is the main candidate and he is pro-Brexit. GBP is being pressured because of this, since no EU-Government wants to see a no-deal Brexit. At the same time, Canadian data was extremely strong and we like the odds of further weakness in...
Conclusion for today’s EA stock analysis: A close above ~102.38 implies higher prices in EA (Electronic Arts Inc.) Intraday timefame chart of EA is examined in this analysis using a 6 hour candlestick chart. The main consideration and focus is the tentative bullish price channel that is highlighted on the chart. Ellipses on the chart indicate pivots used to draw...
-WEEKLY BEARISH MARUBOZU CANDLE CLOSURE -WEEKLY RESISTANCE RETESTED AND REJECTED ON THE DAILY -38.2% FIB RETRACEMENT -MONTHLY KEY LEVEL MEETS WITH FIB EXTENSION GOOD TARGET ZONES
We are trading 4th leg of the predicted butterfly pattern which is also at major support zone. We are predicting price action to bounce from here to complete the pattern. FX:GBPNZD
4 Hour Chart Explanation: - Price broke the Ascending Trendline. - Bearish Divergence on MACD. - Price has potential to move down towards the Support Zone at 1,28611, being careful with the Middle Support Zone at 1,3122 You can check our Top and Bottom Analysis on the Related Ideas. Updates coming soon!
In the 4h chart (right) we see how the price is using the moving average as a support all this week but remember tomorrow is non-farm payroll day so is expected a lot of volatility. So the price can fall very quickly looking for $1328.28 or even $1324.50 wich are excellent prices for a buy entry with a good risk reward ratio. The targets are: $1346.50 and even...
PM May will be leaving today, and this opens the debat for her successor. Boris Johnson is the main candidate and he is pro-Brexit. GBP is being pressured because of this, since no EU-Government wants to see a no-deal Brexit. At the same time, IVEY PMI was better yesterday and CAD Employment may beat. We like shorting pullbacks from current levels to 6980.
Possible opportunity to sell the EURCAD pair .... target 40 - 100 pips.
Conclusion for today’s XAUUSD technical analysis: Price closing above ~1345 confirms a bullish break for the XAUUSD. The Daily timeframe covers over 4 years of price action with the main focus for today’s XAUUSD analysis focused around the symmetrical triangle chart pattern that has been established since July of 2016. The aforementioned pattern came after a...