Signals 20/05/2020
Hello my friends, today we’ll be looking at my top seven ideas for the next trading session.
First off, let’s see how yesterday’s signals faired –
EURUSD - I recommended a short, and the price hit our first target around 1.0940. Right now, the price formed a false breakout, so if you’re in the position right now, I’d recommend closing it.
GBPUSD – we can see the price formed a false breakout out of our level, that was our queue to buy, the first target was around 1.2330, as you can see, the price hit our first target , and if you’re still in the position, pull the stop loss up and wait till the price hits your second target, around 1.24
USDCAD – Our entry formed and the idea still works, so buy and stay in the position for now
AUDUSD – I also recommended a short, if a false breakout did form I recommended targets at 0.6570 and 0.6520. The price did hit our first target, right now I’d pull up the stop loss so that it’s even with the second target, or even close it altogether.
XAUUSD – I told you – I’m very bullish with gold especially with long and midterm stuff, and you can see that the price broke the micro consolidation and went up, the idea is still in effect. First target is 1765
Oil – No entry did form, unfortunately, the price was supposed to break the support level. If it does happen, the idea still holds
Lastly, S&P 500 – I recommended to short it, because there was a false breakout, at 29.50, very important level – very strong bearish signal, but the price got back up after falling a bit. The idea still works, if you’re in a trade, just wait a bit, and you’ll be fine.
So that was yesterday, let’s move on to today’s signals.
We’ll open with EURUSD, like yesterday, it’s looking pretty bullish. I’m expecting the price will break out of the current consolidation with an impulse, if that does happen, enter after the pullback. If the price pulls back to the level at 1.092 and forms a fractal, enter a buy, first target will be 1.10
Next is GBPUSD, as I’ve said yesterday, It’s also looking pretty bullish, since the price broke the support level around 1.22, and formed a false breakout. I expect the price will impulse up out of the current consolidation, form a pullback and go up, with your first target being 1.2340
The second scenario is that the price pulls back to the lower level, forming a false breakout of the consolidation at the bottom, pulls back, and goes up, the target also being 1.2340
The next instrument is USDCAD. It’s looking bearish, it broke the consolidation with an impulse, formed a fractal, and that’s our entry, with our first target being around 1.3860
Now, AUDUSD. It’s also looking a bit bullish, the price stuck with the resistance level
Within a consolidation, that it’s probably going to break upward with a consolidation, for a pullback, and then a fractal will mark our entry
Our first target will be 0.6620, that’s like 80% probability. There’s a 20% chance that the price will break the consolidation with an impulse down, pullback, fractal – that’s our entry, ad my first goal will be 0.6470.
Gold! I’m still bullish in gold. Right now the price broke yesterday’s consolidation and entered a new one, I expect the price will impulse up, and pullback, so on. New entry if you want to top up your volume, and our first target will be 1764
Next up – oil. The price is still in a consolidation, I expect it will impulse down, and the subsequent pullback is our entry
With our first goal around 30, and the second around 20.
Next is S&P 500. It’s 60% bullish and 40 % bearish, you can see the price is staying in the same important level around 2950
Yesterday the price tried to go down, but that move failed. If we go to a lower timeframe, we can see a new impulsive level around 2930, which had a false breakout, and then went up again
For us that means that if the price goes up with an impulse, fractals, and holds above 2960, that’s a good opportunity for a long position, with our first goal being around 3000. And around 40% chance that the price will go and hold below the level, in that case, we can enter a sell deal with our first target being around 2890.
Well, that is it from me, I hope this will be useful for you
Best of luck in trading, and thank you for reading.
Hello my friends, today we’ll be looking at my top seven ideas for the next trading session.
First off, let’s see how yesterday’s signals faired –
EURUSD - I recommended a short, and the price hit our first target around 1.0940. Right now, the price formed a false breakout, so if you’re in the position right now, I’d recommend closing it.
GBPUSD – we can see the price formed a false breakout out of our level, that was our queue to buy, the first target was around 1.2330, as you can see, the price hit our first target , and if you’re still in the position, pull the stop loss up and wait till the price hits your second target, around 1.24
USDCAD – Our entry formed and the idea still works, so buy and stay in the position for now
AUDUSD – I also recommended a short, if a false breakout did form I recommended targets at 0.6570 and 0.6520. The price did hit our first target, right now I’d pull up the stop loss so that it’s even with the second target, or even close it altogether.
XAUUSD – I told you – I’m very bullish with gold especially with long and midterm stuff, and you can see that the price broke the micro consolidation and went up, the idea is still in effect. First target is 1765
Oil – No entry did form, unfortunately, the price was supposed to break the support level. If it does happen, the idea still holds
Lastly, S&P 500 – I recommended to short it, because there was a false breakout, at 29.50, very important level – very strong bearish signal, but the price got back up after falling a bit. The idea still works, if you’re in a trade, just wait a bit, and you’ll be fine.
So that was yesterday, let’s move on to today’s signals.
We’ll open with EURUSD, like yesterday, it’s looking pretty bullish. I’m expecting the price will break out of the current consolidation with an impulse, if that does happen, enter after the pullback. If the price pulls back to the level at 1.092 and forms a fractal, enter a buy, first target will be 1.10
Next is GBPUSD, as I’ve said yesterday, It’s also looking pretty bullish, since the price broke the support level around 1.22, and formed a false breakout. I expect the price will impulse up out of the current consolidation, form a pullback and go up, with your first target being 1.2340
The second scenario is that the price pulls back to the lower level, forming a false breakout of the consolidation at the bottom, pulls back, and goes up, the target also being 1.2340
The next instrument is USDCAD. It’s looking bearish, it broke the consolidation with an impulse, formed a fractal, and that’s our entry, with our first target being around 1.3860
Now, AUDUSD. It’s also looking a bit bullish, the price stuck with the resistance level
Within a consolidation, that it’s probably going to break upward with a consolidation, for a pullback, and then a fractal will mark our entry
Our first target will be 0.6620, that’s like 80% probability. There’s a 20% chance that the price will break the consolidation with an impulse down, pullback, fractal – that’s our entry, ad my first goal will be 0.6470.
Gold! I’m still bullish in gold. Right now the price broke yesterday’s consolidation and entered a new one, I expect the price will impulse up, and pullback, so on. New entry if you want to top up your volume, and our first target will be 1764
Next up – oil. The price is still in a consolidation, I expect it will impulse down, and the subsequent pullback is our entry
With our first goal around 30, and the second around 20.
Next is S&P 500. It’s 60% bullish and 40 % bearish, you can see the price is staying in the same important level around 2950
Yesterday the price tried to go down, but that move failed. If we go to a lower timeframe, we can see a new impulsive level around 2930, which had a false breakout, and then went up again
For us that means that if the price goes up with an impulse, fractals, and holds above 2960, that’s a good opportunity for a long position, with our first goal being around 3000. And around 40% chance that the price will go and hold below the level, in that case, we can enter a sell deal with our first target being around 2890.
Well, that is it from me, I hope this will be useful for you
Best of luck in trading, and thank you for reading.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.