Today's focus: AUDJPY Pattern – Continuation Support – 98.90 & 98.35 Resistance – 100.20 & 100.60 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the AUDJPY on the daily. We could have a new continuation forming as buyers have beaten yesterday's high backing in a second positive session. Australian employment data came in mixed...
The S&P500 currently looks a lot like the mid-December to mid-January consolidation 👀 Here's what a short term bullish case might look like. As always, DYDD and be sure to manage risk.
Today's focus: BTCUSD Pattern – failed high? Support – 63,140 Resistance – 68,290 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the BTCUSD daily. After yesterday's fightback rally, we have run over a few ideas around BTCUSD. Will we see the current selloff continue despite a firm move from buyers yesterday? Will we see buyers...
Today's focus: CADCHF Pattern – Continuation Support – .6502 Resistance – .6540 - .6549 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the CADCHF on the daily chart. Today, we have broken down what looks like a continuation pattern playing out. Looking at price, we can see a retracement that came to a stall point, setting up...
Today's focus: JPN225 Pattern – Continuation Support – 35,860, 35,500 Resistance – 36,215, 36,718 Hi, and thanks for checking out today's update. We are looking at the JPN225 today, but it's more from an educational standpoint around a continuation pattern that uses the moving averages to help qualify the setup. This setup comes from a system called the Floor...
UPST on the daily chart is 65% below its highs of March 22 . It rose above the long term POC line of the volume profile two months ago after a favorable earnings report. Another earnings will report in a month. There has been very little trading above the current price in the visible range. This means there is little volume resistance to price rise. Price is...
RIVN on the 2H chart rose 67% to begin July as part of the larger EV sector rally which included several other tickers including those from UK and China. It has pulled back significantly since completing a double top on July 13th. Price is now hovering over and supported by the mean VWAP line anchored to July 1st. The two time frame RSI indicator shows both...
IOC has formed a bullish structure on the weekly chart. A crucial aspect is a weekly RSI close above 60. It is also about to break out from a down trending line. A long position could be considered keeping the following levels in mind: LONG ABOVE: 81.55 STOP LOSS: 77.95 TARGET 1: 85.15 TARGET 2: 88.75 Please do wait for at least a 15 min candle close above the...
Welcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Technical Analysis (TA) The monthly and weekly was oversold and price pushed higher with significant momentum after a consolidation phase. Retracement to $25 is expected However, the push to $30 would require catalysts to increase momentum. We could hit $25 and then come back down or go through another consolidation phase before further upside to $30. ...
Technical Analysis Resistance above and breaking daily MA ribbon for a continuation play to 120
EURAUD price is forming the Falling wedge pattern (Expected reversal) - A double bottom appeared in the minor structure. - Up-trust of the price after it touches support, breaking the minor structure to the upside. *To be clear, price may go to the upside, wait for it to break the higher price structure, and it didn't make the lower low* - The Rebound of the...
EURGBP in a strong downtrend and after some consolidation we see a false breakout and price pushing up to grab liquidity now after a clear breakout we can potentially look for sells if the level hol ds. In today trading session I will be monitoring this pair for a short term selling opportunity around 0.833 level.
USOIL - USOIL has broken above the .886 on the monthly downtrend pullback is and is currently sitting in a very strong PRZ, however price could easily break above the weekly high/monthly high and close below it (Price is in an excellent location to look for swings and ride with a potential monthly continuation, however make sure you wait for proper confirmation...
UNISWAP, 8h, incredible potential 3 rising valleys continuation pattern. If we break the yellow line and re-test it, that is your confirmation for potential entry. Bullish convergence present on the MACD, RSI and Stoch. Last setup was stopped out, time will tell.
NZDJPY has the overall trend that is pushing up, price breached above local resistance that can potentially act as a support now., I'm waiting for a re-test of that area, I'm expecting a continuation to the upside
- NZDJPY we can still expect price to advance after testing previous resistance that is support - As long as this area holds there is a good buying opportunity there - Structure is pushing up - Confluence of Fib and support - Overall trend is bullish - ( Candlestick ) ?? - Plan is to go Long on NZDJPY - Take the trade when your rules are fulfilled A BULLISH MOVE...
Much this should be no surprise to anyone. The cup and handle has been the talk of the crypto town for a while now and you may or may not believe it will perform, but the believe that we are in a bullish continuation pattern exist. The handle appears to be another bullish continuation pattern, an ascending triangle. The triangle has a falling wedge which is a...