H1 looks ready to rally. Risk: Bigger picture is still bearish
With the swing low at 0.91338 violated, USDCHF may be targeting 0.90387 level (and possibly below) where we have previously witnessed series of price rejections. The pair have 2 routes to accomplish this: 1. USDCHF may directly move straight to level (3) 2. The pair pullback to (2) having rejected at level (1) N.B - Let emotions and sentiments work for...
GBPUSD now showing strength to rally up to 1.34000... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Gold daily sentiments now turning bullish with last 3 trading days ended in strong bullish candles. Coming days, gold is expected to test 1950 - 1974 levels where prices were previously rejected with either minor or medium pullback expected before a major uptrend commences for the precious metal. A minor pullback would see gold retesting the swing high violated...
With gold unable to find rejection last trading week, price continues to go high. Coming week, the precious metal requires great "bullish power" to rally above 1926 level (1). If 1926 level is violated, gold will be going for the bearish order candle (2). If gold price tested (2), sentiments likely to have changed to bullish & any pullback will be a BUY for...
EURUSD main trend remains bearish despite the inside bar candlestick observed during last trading hours. The inside bar may likely cause the pair to rally up to test 1.6638 (or above) before starting another bearish movement. If however, the pair towards 1.17000, then we might witness some range movt before the downtrend continues. N.B - Let emotions and...
S&P500 index has been in corrections and more conspicuous on H4 timeframe. The structure takes the form of a bullish wedge or ending diagonal. Price will likely breakaway from this structure to test weekly bearish order candlestick at 3400. This invariably will cause stocks to rally early next week. Month of October before the US presidential elections...
We anticipated NZDUSD will break the swing-low at 0.66016 and this occurred last Wednesday 23:09:2020, however more selling pressure will likely occur after a minor pullback to re-test the resistance (but not exact) N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With gold violating the swing low at 1903 as suggested in our last post (see below), now gold is more likely to go further down towards 1800. However a little pullback to re-test 1903 (or lower) is anticipated... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Another stock coming on my radar this week is ALE. ALE is in Utilities sector and conventional electricity industry. The price is beginning to strengthening and might be good for a swing trade provided: 1. Price violates the Swing High @ 55.48 2. Price Pullback to test 55.48 Target price will be between 57 & 61. N.B - Let emotions and sentiments work for...
In our September 13 post, we highlighted gold price could move either up or down from the symmetrical triangle. During last week trading, gold finally "escaped" the triangle through the upper trendline. However, gold still have 2 possibilities - either to close well above swing high at 1974 to continue uptrend or breakdown swing low at 1903 and attempt to re-test...
Brent Oil witnessed rejection of the downward trend with the last 2 week candlestick. This rejection potentially could cause brent to rally above 47 and subsequently, above 56 if a re-test of 47 level (after breakout) is held successfully. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With the 2 week LRCX candlestick showing bullish engulf, Lam Research Corporation may be ready to rally up to re-visit the Bearish Order Candle (BOC) at $347.19. Depending on market open on Monday, a gap-up above current price would likely be good to enter the stock at 306.22 while gap-down below current price might be good above 292. There is possibility for the...
S&P500 higher-highs and lower-highs structure on the weekly are still intact with the recent low located at 2934. This low needs to be violated or price break below it before medium term structure turns bearish, but as long as the low at 2934 is not violated, bullish trend still remains. Price potentially can reverse above 3019 to retest the bearish order candle...
USDCHF may be ready for a long trade after the corrections taking the form of an ending diagonal. A stop loss placed few pips below 31/08/2020 rejection candle with target price above 0.92000 swing high N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Last 2 week candlestick of CADCHF shows a bearish engulf indicating the pair likely to continue falling. However, this fall will be halted as price approaches 0.68500. A rejection at this level may see CADCHF testing 0.70000 level again. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
While many stocks are rapidly falling, large number of stocks in the Materials sector are not doing badly. Sherwin William (SHW) is a typical example. The stock price recently made higher-high and a pullback to value zone might worth waiting for before buying the stock... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades