- Trade Strategy: Support and Resistance
- Support Level: 1.2595
- Resistance Level: 1.2656
- Potential Profit: 61 pips
Analysis:
- Support Level: Identified at 1.2595
- Resistance Level: Seen at 1.2656
- Strategy: Utilizing support and resistance levels for trading opportunities
Trade Plan:
- Buy Opportunity: Upon bounce off the support level at 1.2595
- Sell...
- Trade Bias: Bullish
- Entry Point: Retest of support at 1.0809
- Target: First target set at 1.0869
- Risk Management: Shift stops to entry at first target level
Analysis:
- Support Level: Identified at 1.0809
- First Target: Set at 1.0869
- Risk Management: Stop-loss to be shifted to entry point upon reaching first target
Trade Plan:
- Entry upon retest...
The Market is Flying with Optimism
after ADP data was better
than Forecasted, Services data missed forecasts
but Fed Chair Jerome Powell
has said that he does not think that
inflation is reversing higher. The monthly candle has flipped bullish along with the Weekly candle as price has done a complete 180 from our initial selloff early in the week. Yes, we...
The stock is in uptrend in all Higher time frames.
The stock has been in good consolidation for 12 weeks.
Downside wicks in the last 3 weeks indicate good buying coming in.
The last week candle seems to be an indecision candle post diminishing selling pressure and buying stepping in.
The lower time frame price actions such as Daily and 75 mins confirm the...
Anticipating a pullback with London session to clear Fomo liquidity. Depending on the amount, we may observe a pullback to 1.07435 4hr Resistance zone. If the market is extra stubborn then we may see a more sustained pullback to 1.075 area. Manufacturing data during NY session today surprised to the upside and beat the forecast creating a dramatic selloff on...
Trade Setup:
- Entry: Sell at retest of trendline
- Target: Extended towards Bullish Butterfly Pattern completion zone
- Trade Management: Utilizing upsize trade strategy
Analysis:
While many analysts see consolidation, I've identified a potential Bearish Flag trading setup on GBPUSD. The series of lower highs on the 4-hourly chart indicates a possible...
Good day fellow traders,
EUR/USD is in a very special place, we over the last 259 day have made a triangle on the weekly chart an currently sit on the APEX of a breakout favoring a strong dollar. One must wait for confirmation of a break out below the lower level of the triangle. The target for a move would be October 4th, 2023 low.
There is potential for a...
Trade Setup:
Pair: CADJPY
Entry: Buy Limit at 111.16
Initial Stop-Loss: 110.84
Risk Exposure: 32 pips
Analysis:
Earlier, we discussed the potential buying opportunity on CADJPY, and now we have our candlestick confirmation. As a risk-conscious trader, I'm waiting for a retracement before entering the market.
Trade Management:
- Buy Limit: Set at...
Trend - up in all higher time frames.
Weekly RSI - Took support at 62 and moving up.
Stock has given a bullish penant breakout after consolidating for 5 months - Sep - 2023 to Feb 2024
Retest of the breakout has happened.
Now weekly and daily price actions shows the upward momentum.
Entry - One may wait for daily previous supply levels - 2015 to be hit and...
Enough to Stop the Risk-Off Sentiment? Daily Level 1.0805 may act as a temporary support level and we may observe a bounce and retracement early in the week here. During the first session of the week, Asian has observed some nice volatility off this Daily support level created on March 1st of this Month. 18 pips bounce already and I anticpate that by the end of...
Overview:
Bitcoin (BTC/USD) is approaching a key resistance level at $72,295, which could impact its near-term price action. Here's a breakdown of the current analysis and potential trading opportunities.
Technical Analysis:
- Resistance Level: Bitcoin is approaching a significant resistance level at $72,295.
- 4-Hourly Chart: A close above this level could...
NYSE:BA is definitely below its current fundamentals for the 1st quarter of 2024. This was the biggest gain of all the Dow 30 components yesterday.
It was an obvious reversal point at a prior Buy Zone at October's lows. Yesterday was driven by pro traders with a run up at open rather than an HFT gap up at open. We can also see the pro trader nudge pattern in...
EUR/USD has displayed bullish characteristics over the last couple of weeks.
- We have reach a high in the market @ 1.095.
- This high was made after a bullish A,B,C,D pattern aka (Trend).
- In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085.
- We currently have made a bullish pin bar...
Hello Traders.. Another new week of trading ahead. No news announcements to kick off the week so expecting some smooth price action. Monday's can move nicely as volatility is typically lower. It's during the end of the week when we observe more aggressive trends and thats when you can really let your winning trades run. Coming out of the Weekly candle closure from...
This week, I'm eyeing a potential buying opportunity on NZDUSD, and here's my trade plan:
1. Bullish 5-0 Pattern on Weekly Chart: The NZDUSD is currently in the zone of the Bullish 5-0 Pattern on the Weekly Chart, signaling a potential buying opportunity.
2. 4-hourly Chart Setup: The 4-hourly chart presents a candlestick confirmation at the Potential...
This week, I'm looking at NZDJPY with a bearish perspective, and here's my trade plan:
1. Bearish Shark Pattern Confirmation at 91.74: I'll be patiently waiting for the Bearish Shark Pattern to confirm at the level of 91.74. This level coincides with the formation of a Head & Shoulders pattern, adding confluence to the bearish setup.
2. Extended Trading...
