Look for 1.3 area for selling pressure. A lot of institutions might be cashing in their positions at this level. My resistance line should be hit-thus, closing the gap. Fundamentals are up in the air but price correction is needed. Trend is broken and support has been established.
NZDCAD H4 - Trendline break and retest seen here. Last couple of H4 candles have closed nicely bearish, trying to trade below 0.89, if we can sustain below, shorts would be probable. Interested to see where this next hourly candle takes us.
CADCHF H4 - We monitored this yesterday and were looking for the retest, the rejection on the H4 candle started off nicely, but with just a couple of minutes left it's wicked up a fair bit, not to confirmation we are after, but lets just sit and wait for a little more clear rejection, possibly dig into the lower timeframe.
Head and shoulder pattern forming potentially confirming shorts for the coming week imo
Hope you all have been accumulating... SPCE will be getting their permissions to do big boy things in the coming month (likely sooner) Price targets I am watching are 0.5 and 1 Fibonacci extensions. Anyone who trades crypto may see a familiar pattern here on the 1 Fib extension? Share any thoughts and feel free to ask questions, knowledge is always free from me.
Good Day Everyone Here's an idea on the EURUSD pair, as we've seen the EURO making major recoveries in the last cople of week the pair is in a uptrend which most signals point to it continuing as we go in on the pair.. The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where...
Good day everyone Here's an idea on the EURCHF pair, The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where the main drivers. . . > With the European Central Bank (ECB) we saw some short-term buying for the EURO on Thursday. > As i had mentioned the EURO has had some strong...
This pair's value has been going to the upside for some time and I'm expecting to see even higher values in the upcoming days. I'm getting involved only when I see a clear confirmation from price. However price could decline and we could end up below the rectangle zones.
GBPCAD H4 - Rejected the breakthrough and retest yesterday, CAD data pulling ***CAD pairs downside after a bit of a delayed response. However, looking to find support again on that 1.68 handle for possibly buys early next week.
I've been following NVAX since price was at $12. Fundamentally they have one of the most promising COVID vaccines and their Nano Flu shot beat Sanify's flu shot, whos been a market majority holder in that aspect. Technically, we've tapped that $150+ zone 8 out of the last 9 fast rises over since the company IPO'd in 1996. Each of the rises have been driven by...
After an extended 5th wave in the impulse, ZN has broken down (as anticipated from this pattern). After ranging yesterday, it is up to the vagaries of risk sentiment to decide where it will go next: if it will rally or breakdown further. It seems likely we will see strong resistance around 138'18 and 138'21. The Kovach momentum indicators are gradually shifting...
HINDUNILVR showcases the onset of the downtrend with the current gap down opening. The stock was in a bullish uptrend followed by a consolidated between a span of two weeks in the 2090-2130 range. The current level (2085-2090) can be termed as both resistance and support because the price is trying to break above it. If price closes above this level as of today,...
in addition to recent BTCUSD post, it is clearly visible that price is still ranging, and with that comes patience. currently price is rejecting the lower half of its range giving it higher odds of potentially retesting recent highs before next more is definite. top middle half of larger range. patience is key. anticipate - react - execute cheers.
price has respected the levels near the bottom range of the current price. As we are continuing to test the support levels and create a more prominant bias and the market condition begin to strength one can look for a potential in holding AAL towards previous highs. Although the time range for this correction to occur could take weeks over time as the consumer...
$XLE energy sector recovered 50% off their recent lows... expect retracement from current levels. the hardest to hit the floor, immediately ricochet the highest up; 2-3 wk PT ~$40 $XOM
EURCAD H1 - I've adjusted resistance zones to show hourly resistance now rather than H4 resistance, sat around that 1.53 handle. EUR has ripped over recent trade, would be nice to see a correction. No confirmation here, I wouldn't suggest taking a trade until we see some... 1:11 with current projections, so can afford to lose some by waiting for some PA...
NZDCAD H4 - Like I mentioned on the voicenote, big strength seen from these eastern pairs, AUD and NZD, outperforming as the week kicks off. Looking for a good H4 close, maybe another bullish H4, with a subsequent retest for long entries. at 0.85500.