In case the course breaks out from local levels (and preferably retests it), it can fill the gap. R/R: 2,7:1
BAC is in uptrend, coming from a wedge breakout and has just broken + retested the H4 SMA near its confluence zone. MACD is signaling a buy setup with a smooth divergence. The asset is not overbought and has a value in the longer run. Nice R/R with 2,6:1. In case of further bull mood in the markets it can reach the daily 200 SMA + strong supply zone.
Hi Traders! EURHUF is moving in a strong long channel. The price is now at an important demand area and a psychological level around 329-330. Nevertheless it seems to me that we have the the similar setup as at the previous low in the channel (bullish hidden and regular rsi divergences) .Nevertheless both fundamentals and technicals aresupporting longs. It can...
Great short possibility in the direction of the main trend at resistance area and descending trendline, with tight stop loss and nice RR: 4,5:1.
During the fear from 2. wave of the virus, WMT can be in focus again. Technically the price approached important levels. After a longer consolidation WMT is now at the 200 daily SMA, a strong confluence zone and at the bottom of the long-term long channel. Fibo 61.8 and MACD divergence is also supporting the course. Indicators can trigger buy signal soon. Lets...
USDCAD moving in a longer term short channel. The course shows a possible reversal to the previous lows supported by 200 SMA and declining counter trend volume. SL is above the previous highs with at least 3 x H4 ATR. RR 2/1.
Silver is preparing for a breakout to make a bigger move in its long channel supported by 200 SMA. The course is coming from a strong consolidation zone between 17 and 18 dollars/unc. There are several resistences above, but looking at the strong fundamental and technical picture, these levels can be conquered sooner than later. Also seasonality supports the long...
Good Morning Traders! WTI is ready to fill the gap both fundamentally and technically. +Technicals: Yesterday's close below Monday's lows RSI showed divergences at peaks Today we are under the daily pivot point Yesterday's drop was very quick with massive volume Gap is not filled +Fundamentals: Bad API report Faster than expected output recovery Slowing world...
Dear Traders! DAX has reached a massive long-term downtrend resistance and a confluence zone. The last 3 peaks were achieved with RSI divergence and the index is overbought as well. For me this is a short area in short-term. I have also drawn longer term direction possibilities. Regards, Adam
Hi Traders! Natural Gas has finally broken out from the descending channel as the year end is coming and heating season will soon begin. Factors that helped the breakout: Technically: -channel support line -yearly pivot support -RSI divergence Fundamentally: -proximity of the production costs -seasonal issues -easing geopolitical issues...
The main trend is still long. The long trendline and the yearly pivot point may support the price to long direction. Also RSI shows divergence. In case of supportive general market conditions, it could easily be a good trade. Entry: around 332. TP is the gap's upper level. Stop loss ATR x 2. R/R 4:1
Hi Traders! This is a long swing trade possibility with nice R/R. Entry from now at the support line of the rising channel. TP1 is the previous top, TP2 is the resistance level of the channel. SL below the support zone. ECB can add some spices to the trade. Regards, Adam
Hi Traders! EURUSD may offer a good long entry from the bottom of the channel to the top of it. Also yearly pivot support 1 level and a confluence zone supports a rebound. But be careful, the main trend is still short, however we should heve been somewhere at near the end of it. Strict risk management is needed to this trade. Regards, Adam
Hi Traders! I see these possible setups for WTI in the coming weeks/months. For me, fundamentals are rather bearish, however RSI shows divergence and in short term geopolitical and seasonal issues (eg. hurricanes) can boost the price easily. Let's see which way the market wants to go. These are only directions and target zones, time frame will surely...
WTI short possibility from the top of the descending price channel. RSI shows divergence of this long momentum with descending volume as well. Although possible production cuts and geopolitical issues are supporting the longs, the global economic slowdown and recession + trade-war fears could affect more powerful on the price action.