Looking for price to make its way to 1.48000 at least where ill be securing profit and looking for a possible bounce to the upside. If your not in any trades I would wait until price gives a better move from one of these key levels.
Targeting the area of 1600 but would encourage you to take some profits if in this trade as we may see price make a push up to continue the downtrend. Also as import to exit positions as it is to enter...
EURUSD looking like we may create a move to the upside as price is struggling to push lower even off the back of this USD strength. I'm holding shorts from my sell zone but wouldn't be surprised to see price return to this area and continue moving sideways around this consolidation range. Ill be keeping an eye for a break out of this region to give us a better...
So I believe we will see two options either price is just retracing for a long term push up or we are going to see a possible reversal right shoulder for short trades. 166.100 is the area ill be waiting for shorts from otherwise I may look at possible longs if price can reject 165 once more!
We should create a move down either for just a retracement of maybe a longer term reversal. Still pushing up so I'm looking for a right shoulder move on the 4 hour to confirm price to make a push down. I will update target areas if I take a position!
Watching price intently around the current zone, a third rejection from this zone will confirm a nice short opportunity. BUT its IMPORTANT that you wait for confirmation before taking entry! trading takes a lot of patients and that's what creates a consistent trader, don't rush any trades its Monday and you have endless opportunity week in week out.
Looking for similar situation as EURUSD and price to make that next leg to the downside. We are creeping into that resistance level once more so a rejection from here I will be entering short trades.
Another rejection off that resistance of 1.002 would open perfect shorting opportunity. Ill be watching price over the next few hours as we have already rejected it a couple times. If price breaks through this idea is invalid.
Still monitoring around support but hold stops at break even now as I don't want to stay stuck in a consolidating zone. Wouldn't be surprised to see a break as you must keep in mind overall direction.
Here's my watchlist for The coming week. Some interesting Trading setups. Made with @AVENUESOFINVESTMENT . Which stocks are on your radar?
Looking at adding some more buys if given the opportunity, 0.71 is an area Im looking at for a new support to continue the uptrend. I am also looking at the potential for a long term short if we can see a reversal from a further push higher.
Looking to see if we can see a quick move up on AUDUSD out of the 0.7 support then will definitely look for a buy off a right shoulder if created. Price looking very weak still so make sure you wait for confirmation if following my trade setups.
Keeping a close eye on USDCAD around 1.3 resistance area for a possible rejection and trend reversal. Also remember the overall price direction, even though there is huge profit potential always cover your trades at break even or a capped risk amount! Trend reversal areas can be very manipulating... An even better trade would be price to show a sell off then look...
GOLD is in downtrend on the daily chart and intraday, but it's looking too extended to go short. Ideas on where to start looking for a short entry as well as short targets are presented in the video. This is not trade or investment advice, this is just me clarifying my own analysis in a video.
At the time of writing this I'm still bearish on the lower time frames but we are now seeing price push into an area of support of 0.7 and is well overdue for a correction back the the upside.
Looking for a longer term daily downside trend, so ill be looking for a better entry point to look at adding some sell positions for another continuation leg to the downside.. If price pushes up above the last high this trade idea is obviously invalid.
Here's my low-risk Infy trade idea, a very high probability short strangle.
The SPY is trading around the 2022 AVWAP and below the Fed March 15 VWAP. 5DMA trending down. Bias is short, but the market looks tricky and could be getting ready to chop up and down for a while. Long and short targets are presented.