CADCHF LONG- Strong bullish candle on the daily, with a break
of the 50MA
- Break of descending trendline on the 4HR
- Looking for pullback to 0.382, ideally further down to the 0.618, lines up nicely with the MAs on the 1HR and 4HR
50ma
AUDJPY LONG- Higher highs and higher lows
- Pullback to the ascending trendline which lines
up with the 0.382 FIB and 50MA
- Rejection of this would also line up with 1HR 200MA
USDJPY SHORT- Break of ascending trendline
- Weak dollar
- Rejection of 0.786 FIB, trendline and 50MA
AUDUSD LONG- Higher high and higher lows
- Rejection of trendline, 0.618FIB and 50MA
- AUD strength and Dollar weakness
GBPUSD - Trading the Up-Movement - Trendline BounceHi Traders!
The market is in an Uptrend.
As you can see the market is at a Daily Resistance.
That is the barrier it has to BREAK to reach the next Level.
This idea is a combination of a "Bounce and Breakout".
These Structure Levels are supporting the idea:
The (pink) Trendline which is giving Support and giving pressure to the price.
The 50 Exponential Moving Average which is highly respected by Traders and Trading Robots.
The SL is under the Trendline.
The Target is below the next Key Level, where a possible Change could come.
We recommend to close the Trade when the Price don't break out of the Resistance.
Thanks and successful Trading :)!
CADCHF SHORT- Lower lows and lower highs
- Below MA's on all timeframes
- Rejection of 0.382 FIB
- Failure to close below 50MA on the 1hour
GBPNZD BUY- Break and restest of descending trendline
- Forming new uptrend, with higher lows
- Nice wick rejection off the 0.382 FIB and 50MA
EURCHF SHORTVery bearish on higher timeframes
If we get a pullback and rejection of 50MA, 0.382 FIB
and the creation of a new lower high,
would be looking for a short entry
CHFJPY LONGFollowing the break of the previous ascending TL, we saw some short term bearish moves,
but failure to close below the 200MA
We have since had higher highs and lows created, forming a new uptrend.
Looking for a pullback and retest of trendline, 0.618 FIB and 50MA before going long
AUDUSD LONGBreak of descending TL
Wanting a new higher high and pullback and retest of the TL, 50MA and 0.382
AUDNZD SHORTBreak of ascending TL, strong wick rejection off the 50MA and 0.382 FIB
Forming lower highs
AUDJPY LONG- Higher lows
- Break and retest of descending trendline, forming a new uptrend
- Rejection of TL, 0.382 and 50MA on 4hr and 200MA on 1hr would be ideal entry for a buy.
AUDJPY LONG- Higher high and higher lows
- Break and retest of descending trendline, forming a new uptrend
- Rejection of TL, 0.618 and 50MA on 4hr and 200MA on 1hr would be ideal entry for a buy.
AUDNZD Mater Plan WednesdayWhatever happens, I am positive black rectangle will be reached and reacted to. It is 50 days average. I am looking forward to trading that most of all potential structures. There is a chance we will not reach it, but since it will be Wednesday, I don't see this particular chance very big.
SPY SPY SPY Whats up Traders,
- Red Rectangles are prior 'gaps' that may fill . .
- We hit our first target box
- Price Action shot back up to the 61.8 line of the retracement down move ..it will be important to see how we react at this level . . .
We expect:
-Price to get rejected here and continue the downward move
- Complete gap fill at the first box - Target Green Circle . . but the timing could be faster . .
- A break down below the first box (295) and we will probably fill the next gap box.
Target area is the green circle for the week of 6/15 . . . which is a confluence of the remaining gap fill and an extrapolation of the 50d MA
Best of luck .
SBSW & PLG breakout coming Two platinum/palladium miners that are set to catch up with the broader market rally.
SBSW: Above its VWAP from recent peak, VWAP from February peak and VWAP from March low. Also consolidates above 50 EMA which found support at the 200 EMA and is now pushing price higher. I have removed the 5 and 20 EMA in order to see the VWAPs but please add them to your own chart and you will see they are in a very bullish position.
PLG: Still has some work to do consolidating below the 200 EMA and VWAP from recent peak, while above the 50 EMA and VWAP from Feb peak/March low. I have picked the $1.70 level as the final resistance level. I am going to watch SBSW as it is technically closer to a breakout, and if the breakout occurs, PLG has a very high probability to move higher.
This Buds For YouI think this is in for an uptrend with most states opening back up summer around the corner.. if your gonna own a beer company might as well be the biggest. so i would enter on a pullback to the 50 ma and watch for a break of channel resistance in week or two.
EURUSD - Broke important Level - What to do now?Hi Traders!
The market is in an uptrend.
As you can see the Resistance 1.10000 was a psychological important level for many traders.
From there the market often turned back.
But just a few candles ago the market broke out of this level.
Of course there was a big fight between Bulls and Bears, but the Bulls finally won.
At this moment the market is moving in a Parallel Channel and it is at the Top.
The Stochastic is also overbought.
Because of these two confirmations we are waiting for a Pullback and Retest of the 1.10000 Level.
But there are many values wich give also Support to the market. They are:
The Channel
the 20MA
the 50MA
the strong bullish Price Action and
the trend.
We recommend to wait for another Pullback for a better entry.
Thanks and successful Trading :)!
BTCUSD Weather Forecast; a Bearish rainy Memorial Day Weekend On the 4 hr chart, BTC has printed a Bear Flag or (ascending bearish wedge ), and also about to run into the converging 50MA & 200MA. It is testing the bottom of our 2.5 month long, ascending recovery channel, the RSI is showing us Bearish Divergence since about April 30th. We could easily retest 8200 and step down to 7700 & 7300.
USDJPY - Bullish Flag - Trend-Continuation IdeaHi Traders!
The market is in a Midterm-Uptrend.
As you can see we here have some factors giving Support to the price.
But before mentioning them, let's see where the market is at the moment:
The lowest price the market reached over the last month was the Level 106.000.
Then it started to rally.
It made a straight Upmovement towards the Resistance at 107.800.
After that it retraced.
Using the Fibonacci Retracement we found out, that price reached the 50.0% Retracement Level.
Then, another upmovement occured.
This time it even made a higher high!
The Turning-Point was the important 108.000 Level.
Now it is still in a Correction Stage.
The shape of this Correction is the most intresting part:
A Parallel Channel = a Bullish Flag.
After connecting all the lows with each other, you can see an ascending Trendline.
It is now touching the Price.
In addtion the 50MA is giving Support too.
Because of these confirmation, we recommend to trade the bullish Breakout of the Parallel Channel.
Thanks and successful Trading :)!
HMMM..here is something for a few cents up to 50 EMA it might break but don't think it hold to form new support but these crazy time who knows volume looked descent today but ended in a tug of war Cross... worth a look in the am
here we go again im game Like that it held 50 At close if breaks upper resistance got a long way to 200 MA. into earning with ACB huge Move hoping for same I'm back in ././$
