AUD/USD Is Simply SMASHING All Zones of ResistanceIn this analysis I will walk you through the major areas from a technical point of view that you should be focusing on when trading AUD/USD.
The trend is insane at the moment on AUD/USD. For a really long time we've seen nothing but an unbelievable surge in the price. It seems simple looking back at the chart, but trading with trends is actually really difficult.
The problem is that you want to buy low and sell high. But if an asset is upwards trending, it is extremely difficult to buy low. In fact, you are almost always buying too high.
I am not a big fan of buying after a bunch of green candles, with one exception: resistance breakout. That's why in this analysis I suggest a long position even though the price is already relatively high.
Another point of view here to look at it is that since the resistance is broken, the price is now trading near a newly found support. Through the concepts of S/R flip (www.100-eyes.com) we can learn that old resistance can become new support.
When the price is near a support, the price is low. When the price is near a resistance, the price is high. That's why we can still enter here even though the price is relatively upwards.
For an exit strategy, we can take a look at the older zones of resistance as in the shorter time frames we cannot see any other point of reference. I used the zone of December '18 here for logical exit.
Also, you can decide to go for another technique where you continuously increase your stop loss and try to ride the trend for as long as possible.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
America
proxima subida 8% con liberbanktras la compra de acciones por parte de bank of america y el contrato sponsor con el real madrid en la temporada 20/21 liberbank se recupera con fuerza. vemos subida 8% para los proximos dias. si supera .24 subirá con fuerza. liberbank a diferencia del santander u otros bancos ya lleva varios años reestructurando y reduciendo oficinas. a proposito. quien ha comprado acciones de bank of america ultimamente? el mismisimo warren buffett. tiene sentido? leave comments below
Tesla Earnings, where to? VOLATILITY ahead!FA:
Tesla has been parabolic the past few weeks and has formed several new highs; the release of the earnings is bound to create volatility both ways.
Option traders are using a straddle strategy where they are predicting a move of $200 in either direction with the use of the SAP volatility INDEX (VIX) which we can see sometimes does correlate with the volatility of Tesla.
Bulls expect the S&P 500 inclusion for Tesla to be confirmed as they have reported profits which may lead to high volatility.
TA:
News could already be factored into the current price and thus can expect a retracement at market open.
If Tesla breaks above the resistance for the previous high, then we can expect it to form new ATH if not then we can expect it to retrace and perhaps fill the lower gaps although unlikely.
-Megalodon Whales
(Rahim)
Enjoyed doing this chart for you, you are welcome to post your own ideas and comment below :) NASDAQ:TSLA MIL:TSLA SWB:TL0 BMV:TSLA
GD1! 29.06.2020Hello dear traders,
its been along time, next week analyses will be huge one, as we see gold all that weeks start to grow and grow, as we all now gold grows in crisis as we have one (COVID19),
AND IN Probabilities view next week gold will have a huge bullish so prepare yourself to make a good profite, but dont forget there is also probabilities of 10% that market will make a bearish trade.
make a like if you see that my analyses is useful
Tell Breaks 2 BucksTELL is a LNG company that has engaged in the largest natural contract ever done. The contract has been pushed off and redated several times due COVID and market conditions. Trump is meeting Modi, this will be apart of their discussion. Driftwood project will be redated and signed this time. As India is trying to secure a great future for their Energy production. India is now the fast economic growth sector as China slows down. TELL is currently highly sought by companies for purchase. The managers are excellent and put company first so great long term success. This will go to 3 dollars very soon. Get in now. My original post of this was broken by powell speech but now its formed double bottom and has found a price agreement.
Dow, go short. Hourly divergenceHere we now have a RSI and MACDH on the dow with a nice candle to show a potential reversal. This lines up now with the German DAX. Prices are quite overextended from a decent support box so we may see some profit thing / selling here. We have to be careful though with 5 min moving averages still not bearish and several rising trend lines.
If stops get taken out at 27428 we may see even more buying and a good opportunity to reverse and go long.
US Pushing Previous High/Safety Point Whilst Inner World CrumbleUS markets recovering from Q1 downfall. Markets must have attached themselves to the Falcon 9 and being dragged up to the International Space Station it seems considering what’s transpiring below it… (numbers V reality) Both markets flowing up the inner upward channel. The below remains the same but obviously with each positive day the market assumes a point of being stronger to tell a certain narrative. But we all know the saying ‘The bigger they are, the harder they fall’
VERY BEARISH if the following transpires before breaking the above safety points:
S&P: If P action closes below the orange line at 2723.3 attention will turn more bearish and watch for market to fall to 2460.2. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
Dow: The same flows for Dow Jones with P action closes below the orange line at 22931.5 attention will turn more bearish and watch for market to fall to 20842.4. In this instance will reassess market dynamics as it may bounce in this range or continue to fall.
If a rise to Safety Zone seems the world is running ‘normal economics’ again.
Dow Jone Index DOUBLE HEAD AND SHOULDER FORMATION (??)I am seeking alternative views and opinions on this. I see a head and shoulder formation forming right after a head and shoulder formation. Current price is positioned at the key resistance neckline of both formations.
Let me know your views on this!
Iapiew
"Cisco: down move coming soon" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Weekly Ascending Trendline and made a pullback to it.
- It is currently on an important Support Zone.
- If price has the strength to break it, there is potential to start a huge down move.
Weekly Vision:
Daily Vision:
Updates coming soon!