PM Call ideaBroke out over the resistance and the CM guppy has recently flipped to a confirmed uptrend. Would like to buy an ATM call option in the 1-2 month range on the retest of the resistance, or the 200MA if it breaks down further.
Beginner
BTCUSD Short Good morning @everyone !
Welcome to Tuesday, during yesterday & today we've observed our plan play out, mostly looking at a retest of that trendline + the 23 Fibonacci retracement, the 23 was the one that made sense the most to me due to the liquidity we saw just to the left, which I've outlined with the white line.
What I'm seeing with this is obvious, with my next step being the move back down to our Demand Level at 11250. This has been a decent recovery so far & I think it'll be hard to push it back up to that 12.3k level for a second test ultimately.
I do believe that 12.3k was the major swing level that it was shooting for, hence why I left that level in for so long, it made sense, from a 1D S&D perspective.
We'll see if we continue down from here, need another few red candles to confirm however. For those using Ichimoku, all settings that I have observed have had a bearish Kumo twist, if you'd like to check that out for yourself.
Have a great day!
NASDAQ- Plan for Monday 24th Aug 2020I am looking out for a breakout and a retest on different zones to either go long or short. Quite a long video in comparison to others, but I trust it's worth it. Remember if you follow my advice to enter a trade, you are on your own. God bless
AUDJPYLooks like AJ is about to play out for me, as predicted price rose slightly and hopefully will now continue down..
GBP/JPY - reversal at resistance or a new support?We are awaiting for confirmation for the following scenario:
1. Price retraces to support zone (trend line and horizontal support) before reversing back up
2. If horizontal trend line and horizontal support does not hold, we could see more bearish movement in the short term.
3. Break of the resistance area, wait for retest confirmation to enter long to the next resistance area as TP.
Cheers
Can we break this resistance at 1889?Resistance line at 1889, there was price rejection a few time the candles have stopped right before that and back down to support 1883. Until that resistance is broken there will be this ranging of areas.
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OANDA:XAUUSD Gold seems to be respecting the support/resistance areas confirmed by: trendlines , support, pivot standard, and Fibonacci levels. It is a great time to be alive and see gold with a support at 1883 on the 15 min chart, make sure to go through all time frames for stronger levels.
Fundamentals are also at play here since no good news surfacing the planet yet. There is a list of good news headlines to watch out for that could make this downtrend: Covid-19 Vaccines; End of Recession; DXY uptrend; US Elections,which we will probably see August or September.
When you have two or more levels come together at a certain point on your chart that is called confluence zones, they can further validate the areas.
If you liked the chart please leave a thumbs up and check my previous analysis as it will motivate me to continue. Have a great weekend & Happy Trading!
About my style of analysis, I like a simplistic route of Naked Forex and Candlestick patterns. I do combine tools, but I don't like to base my analysis on indicators alone even though they are great help for confirmations sometimes.
While embarking on this trading journey remember to pick whatever style works for you, everyday is a learning experience. If you have any trading ideas please drop in the comments.
This chart is for educational proposes only, this is not financial advice.
KEY LEVELS
R3 1937.47
R2 1917.95
R1 1902.75
PP 1883.23
S1 1868.03
S2 1848.51
S3 1833.31
just now
Order cancelled: Resistance line at 1888, there was price rejection a few time the candles have stopped right before that and back down to support 1883. Until that resistance is broken there will be this ranging of areas.
XAUUSD in route for a nice retracement? Working the Fibonacci with Pivot Standard for gold, these are the areas of interest as you can see along the resistance and support lines. Switching between all time frames will give you a more accurate picture, currently strong support at 1861 has been shown. There was price rejection previously on 1870,1874 and now 1877(1876.74 depending on your broker).
Now patiently waiting for an ultimate entry point for this retracement, will it have enough momentum to break 1877 resistance? lets find out. Do not go full FOMO mode and impulsively enter a trade, wait for the correct entry point and remember to always follow the trend never trade against it.
Overall we are still bullish on gold with retracements being shown by Fibonnaci along the different time frames. Ultimately an entry at correct retracement will give the best result here, keep up with Fundamentals along the analysis because they have a huge impact on gold.
If you liked the chart please leave a like and and check my previous ideas for more info. We are in this journey together and everyday is a learning experience, if you have any trading ideas leave in the comments!
KEY LEVELS
R3 1914.13
R2 1893.15
R1 1882.63
PP 1861.65
S1 1851.13
S2 1830.15
S3 1819.63
This analysis is for educational purposes, this is not a financial or investment advice .
XAUUSD Testing 1902 can we break it?If you checked my previous ideas I have been following this closely and was breakthrough 1889-1890 resistance. Now 1902 is the next target inbound to 1918 zone. Make sure to switch between all time frames for more stronger zones, 1H-4H and Daily, Overall Gold is Bullish.
If the Fundamentals allow it, there wont be any retracement unless the good news: Covid-19 cases decreasing or vaccine, Dollar gains strength. That will cause a bearish breakout and we can test strong support 1883 again or further down.
There will be important fundamentals next week so monitor that closely for an opportunity to catch a decent retracement Opportunity
Meanwhile 1890 has shown decent support the confluence zones with: Fib,support and resistance, candlesticks.
Lets see where gold takes us this next week, 1920 is definitely soon. If there is a retracement or any more bad news as the Feds worldwide continue to Print Money this will continue to boost a bullish move.
The headlines concerning China and USA are important to follow
Gold loves tragedy...are we going to see higher highs? OANDA:XAUUSD
If you haven’t read my previous ideas, please do so it will help understand where we are with gold. As tensions rises between USA and China, gold is getting the necessary bullish boost. I'd appreciate a like and follow as it motivates me to continue to post.
DXY is taking a dive as of now due to COVID-19 and current events as mentioned above. Fundamentals are driving this bullish move by the horns.
Confluence zones are confirming Key level zones as mentioned above. We are a long way from support, so stop hunts are possible.
I will wait for further confirmation before moving up , if you’re following me we have been in this journey since 1890s zone. Safe travels and plan accordingly with fundamentals/technical. My next TP is 1988, slight price rejection on 1981 so lets see where the next candle forms!
AUDNZD - awaiting breakout Price is consolidating at resistance turned support area.
Look for breakout of trend line and enter long position upon retest.
For short position, look for confirmation at the support zone
Gold off to another take off?OANDA:XAUUSD Gold seems to be respecting the support/resistance areas confirmed by: trendlines, support, pivot standard, and Fibonacci levels. It is a great time to be alive and see gold with a support at 1883 on the 15 min chart, make sure to go through all time frames for stronger levels.
Fundamentals are also at play here since no good news surfacing the planet yet. There is a list of good news headlines to watch out for that could make this downtrend: Covid-19 Vaccines; End of Recession; DXY uptrend; US Elections,which we will probably see August or September.
When you have two or more levels come together at a certain point on your chart that is called confluence zones, they can further validate the areas.
If you liked the chart please leave a thumbs up and check my previous analysis as it will motivate me to continue. Have a great weekend & Happy Trading!
About my style of analysis, I like a simplistic route of Naked Forex and Candlestick patterns. I do combine tools, but I don't like to base my analysis on indicators alone even though they are great help for confirmations sometimes.
While embarking on this trading journey remember to pick whatever style works for you, everyday is a learning experience. If you have any trading ideas please drop in the comments.
This chart is for educational proposes only, this is not financial advice.
KEY LEVELS
R3 1937.47
R2 1917.95
R1 1902.75
PP 1883.23
S1 1868.03
S2 1848.51
S3 1833.31
NASDAQ- Having mixed feelings.Watch to see how I traded and plan to trade nasdaq with it's mixed feelings today.
NASDAQ- Plan gone rightFollow up on previous video regarding my plans for today. It all went well. I went short and caught over 100pips. Thanks for supporting and motivating me to share more videos
NASDAQ- Back to 11,000 and my Plans for todayJust as I said, 11000 is back. Want to know what I am looking at trading today ? Then watch this video
Possible drop in the market This is a possible drop in the market, and everything can go south if my prediction is wrong.
(Playing it safe with my entry)
Let's try this againWill the price fall?
originally I had thought there was a bear flag formed but it has come to my attention it is just a breakout! hehe, practice makes perfect! now we wait
Prediction: GBPJPYA small long 1.7RR (5m)...
Afterwards,
It might take another bounce or two then a good short sale will be on the cards on the larger time frame.
NASDAQ- Thursday reviewNasdaq went down by 300 points yesterday. The fundamentals gives us reason to believe there will be a fall but the technicals has not shown that yet, technicals show that we are still having a pull back but in an uptrend. I am expecting more pullbacks today, the dept at which it falls will determine if still making corrections to the downside or we have a trend change.
