Good morning everyone! Today we are looking at a potential buying opportunity for NZDUSD, for a possible shift in the market. I'm looking for an entry at break and re-test of current resistance at 0.6600, and my buy order will be placed at 0.66120. My first target is resistance at 0.66420. My second target is resistance at 0.66820. I will also have a trailing stop...
If your looking to go long then you will want to see a break back above the supply zone @$65. Break and re-test of that level would give us a setup to enter long. We are currently testing off the daily trendline that we have been riding on since Feb 11th. If we are unable to hold here @$61 and we break lower, then I would expect further bearish momentum until...
There was resistance found off the weekly MA and then not long after we broke through the support and we are now getting rejected off the weekly trend line that xrp has been riding since last year. If the rejection continues at the current level and its unable to break back above 0.34, then the current bearish momentum will take us lower, below 0.28 in the near term.
If your wanting to buy, look for a break and re-test of 7200 level for a long term bullish trend continuation. If your shorting btc then wait for bearish momentum to kick in and take us down below 3600 and wait to get rejected off that level and that will provide us good long term shorting opportunity.
Looking at the monthly gold chart we seem to be stalled in this range for the last 3 years. Watching closely for a breakout in either direction to give us a potential long term swing trade long or short.
Taking a look at the monthly chart for USD/TRY, Turkey looks like its currency is about to hyperinflate especially with the recent government instability in the recent elections and erdogan being stubborn to any raising of the countries interest rates. In my eyes i'm seeing a hyperinflation scenario playing out over the next few months if this does not get taken...
We are currently locked inside a triangle pattern on the H4 chart. So if your looking to go long, then you will want to see a break and re-test of the current supply zone @ 1.12300 for your entry. Watch out for a potential break below 1.11600 as that would give us bearish momentum and would most likely take us back down to the demand zone @ 1.11200.
Looking at the daily chart we can see that we're bouncing off the same trend line that we have been following for weeks since early March. We need to see a break and re-test of the current support @ .004300. A break and re-test of that level would give us bullish trend confirmation to move higher to the supply zone @ .004800. If we are unable to find support here,...
Crude oil was rejected off the monthly trend line @ $67, and was not able to recover before falling below the MA @ $64. The MA is now acting as resistance. Today we broke below support again at $62.70, and the bearish momentum brought us down to $60.70. Now i'm watching and waiting for the stabilization around the $60-$60.50 level in order to re-analyze. Follow me...
Its a good time of the year to watch the SPY as we are currently attempting to break through recent highs. The last 2 days we have had a rejection off the $294 zone, but recently found support at the MA. We want to see a break and re-test of the $295 level, in order to enter long. Watch out for the dump if we break below $289.50, as the bearish momentum will most...
Hello everyone! Today we are looking at EURUSD. Looking at the 1hr chart we can see that we are slowly transitioning back into a bullish trend. Currently we sit above both the MA and VWAP, and Ichi moku indicator is also signalling bullish. We want to see a break above 1.11744 and re-test of that level, once that happens, we will have our buy stop order ready to...
Hello everyone! Hope you are having a great day! Lets start by taking a look at XRP, and talk about why I think its going to 0.05 cent. First reason is, regulation, no government in their right mind is going to let xrp/ripple come in and disrupt their central banks entire payment processing current operation (dollars/swift), its just not going to happen in...
If your going long, look for the break and re-test of 0.80 level. I'll be watching for possible scalp trade tomorrow.
This stock has been in a world of hurt the last few weeks. Watching for possible scalp trade tomorrow.
Avinger AVGR has a 42.23M share float, and 30.42M marketcap. Today looks like sympathy momentum. Watching for a possible continuation trade tomorrow!
SNAP was the highest volume stock today. Strong uptrend for the last few weeks. I'll be watching tomorrow for a continuation.
Strong runner today off of some positive news, and the float sits just under 17M! I'll be watching this one for a possible continuation trade tomorrow!
TSLA earnings coming up Apr 24th. We are sitting on strong support right now with triple bottom formed on daily chart @255. Will we hold here and move back up to the resistance at @380, or will we break below 255 and move lower?