Support Resistance Flip, Harmonic Short Continuation.
Analysis of #AUDUSD Simple classic bearish harmonic bat pattern, still early though but keep an eye on this setup if and when it breaks B leg we can start looking for a sell entry at D leg completion or inside the structure resistance zone, depending on how the market will get there ________________________________________ 💭 | Comment your thoughts below, I...
Analysis of #GBPUSD the GBPUSD is getting squeezed between trend line support and resistance and trader are not able to push the market further to the upside as you can see the highs are getting shorter and shorter, however, this is not enough to get in a short trade just right now. I am waiting for a break of trendline support and a close below the minor...
Analysis of #AUDUSD AUDUSD broken trend line support after the market made a strong top as laid out on the chart, now I am looking for classic broken trend line entry if and when the market makes a retracement to test trend line again which also a Fib 0.618 level which will make a good entry with a stop just above the top targeting the next level of support. ...
Analysis of #AUDJPY A bearish harmonic Gartley pattern might complete near strong downtrend line with strong bearish structure resistance this makes it my favorite setup for the day. if the market completes my harmonic Gatley I will wait to let the market push further into my structure zone to get in sell trade with favorable risk to reward. ...
Analysis of #EURJPY a beautiful bullish uptrend within a rising channel so I am only looking for a buy for now. if the market comes and tests my trend line support also structure support level I will then drop a one-time frame looking for a buy entry to target the previous highs ________________________________________ 💭 | Comment your thoughts below, I...
Analysis of #EURCAD here we have a possible bearish harmonic bat pattern that might complete the D leg near a strong structure resistance level which will make a good level for a short entry. ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your...
Analysis of #EURAUD A possible double top with RSI divergence, I am being conservative and looking for a confirmation on the lowest time frame on the hourly time frame before getting in a sell trade if the rules are met. if the market breaks to the upside this will invalidate this idea. ________________________________________ 💭 | Comment your thoughts...
If you haven`t sold SHOP at $945: Then you should know that Shopify said adjusted earnings for Q1 came in at 20 cents per share per share VS a profit of $2.01 per share over the same period last year and VS a consensus forecast of 77 cents per share. Gross merchandise volumes rose 16% to $43.2 billion VS Street forecasts of a $45.4 billion. The stock is...
I have seen enough, It is time to re acquaint myself with my beloved Ape- What does this mean- Padawan Hand me the Chaos Light Saber Leverage 20x
If you haven`t shorted SSTK at $89: Net income decreased 10% to $26.6 million in Q1. Then you should know that it is getting closet to or first price target of $66. My buy area is at $40, though. Looking forward to read your opinion about it.
The price of USDCAD gave a nice retracement for more long opportunities last week and is currently heading to the order block at 1.3100 to 1.3200. We may see another optimal trade entry on Tuesday next week or Wednesday for more longs. If you like this idea, kindly follow me and give this a like. Also don't forget to drop a comment.
FTM is sitting at a strong support level. I think it`s ready for a reversal to the $1.54 resistance. Looking forward to read your opinion about it.
Analysis on #EURNZD EURNZD is one of my favorite pairs to trade and now it is providing this beautiful bearish harmonic bat pattern and ABCD harmonic pattern where the market dropped more than 1000 pips. Trading Plan: >> If the EURNZD completes my harmonics patterns I will then look for a short trade with good reward to risk if the rules are met. ⚡ Be...
Barrick Gold Corporation, which engages in the exploration, mine development, production, and sale of gold and copper properties looks like a safe haven just in case of a war. The DIVidend YIELD at 1.63% and P/E ratio at 19.94 look decent. My price targets are $24.80 against inflation and $29.60 in case of an escalating conflict.
Analysis on #EURUSD In Monday posts I predicted that we will see some selling pressure on the dollar and that is indeed what happened, the EURUSD has been moving up for the past three days and soon it will come to test an internal resistance zone. >> if the EURUSD continues up to test my structure resistance level near 1.1360 - 1.1380, I will then look for...
The price updates the lower extremum and after a deep false breakout rolls back to the local resistance. If the price fails to break through this resistance, then I expect a fall. My goal is strong support 154.7 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
The EUR / USD forecast assumes the development of a correction and a test of the resistance area near the level of 1.1595. Where can we expect a rebound and an attempt to fall in the pair to an area below the level of 1.1355. A test of the trend line on the relative strength index (RSI) will be in favor of reducing the currency pair. Cancellation of the EUR / USD...