Break
NZDUSD will go for 950 pips downNZDUSD will retest a previous Support level @0.6253 and yearly up tren line that was broken down recently and will continue shorting as shown in the chart above
entry will be @ 0.62140
TP(1): 0.59540
TP(2): 0.565
TP(3): 0.5283
SL: 0.64268
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Will Market Weakness hold back $TSLA?Ticker: $TSLA
Date: 2/23/2020
$TSLA is holding on extremely well amid market weakness on Thursday and Friday. Potential cup and handle pattern that could play out in these upcoming days.
We closed with an inside bar on Friday, with the HOD of 913.03 and LOD of 880.45. Those price will be crucial in making my entries for long or short, depending on how we break.
If we break bull, we need to break $944.78 to start this cup and handle pattern. If we break bear, I would just wait.
I would also watch the correlation between Tesla and the market closely. This CoronaVirus (COVID-19) is all over the headlines and is driving the market down. If that is the case in these upcoming days or even weeks, I would think that the overall market has underestimated the effect of the virus and the impact it has on businesses.
XAUUD short Big Drop (Trend Line, Supply Demand)Hello Traders !
Nice Gold Setup. We have seen Gold broken the Trend Line. Now it is at the Retest and there is also a Supply Zone.
I expect the price to drop till the next Demand/Support Level. Keep in mind to watch Price Action as always.
Confirmations:
1) Trend Line break and retest
2) Supply Zone
Let me now in the comment section below your view on XAUUSD and what you think about my Analysis.
Please leave a Like
Thank you and we will see next time
- Darius.
What I'm seeing on EURGBP!Gooday Traders! Price broke longternm downtrendline has done retest, hence im looking to buy!
USDCAD SHORT UPON BREAK OF TRENDLINETrade at own risk, I would sell as soon as the trendline shown is broken to be safer. May take time, but it is worth it with the great risk to reward ratio. Good luck and like if this helped!
S&P's Present Likeness to the Late 2018 Top.Pretty self-explanatory. Bars pattern copied has been adjusted in size. Continued likeness = potential drop to 2600 levels.
EURUSD, long after short.EURUSD is in a channel, gearing up for long, but in a short vision, i think it has to retest 1.09, target of the head and shoulders. After the big red candle, wait for a small pullback under EMA followed by red candle. or something similar. If it will show buyers' strenght, long on close above the head.
Bitcoin Analysis BTCUSD 1DBTC Daily Analysis
Important support area to confirm uptrend
with fibonacci projection zones depends of rejection point
otherwise if it is a false break we can continue bearish .
Indicators
- Simple Trend
- Ichimoku Analyzer
- Support and Resistance
- Pro Ribbon
- Premium 1
GOLD - Bull Break | EMA Support | Key .618 Fibonacci Level Hello Traders!
Today’s chart update will be on GOLD, which is testing a key Fibonacci level that must break for a bull trend continuation.
Points to consider,
- Trend bullish
- Major resistance - .618 Fibonacci
- Local support at $1367
- Stochastics projected up
- RSI hitting resistance
GOLD is in a bull market after breaking its key neckline on its long formed inverse head and shoulders. It has been putting in consecutive higher lows from lower levels when coming into the neckline.
Major resistance, the .618 Fibonacci needs to break to keep a bullish bias; historic price action tells us that this is a staunched level for Gold. Local support is around $1367; Gold can retrace back and retest this level whilst still maintaining a bullish structure.
The stochastics is currently projected up, still room for further upside momentum, no clear signs of topping out as of yet. RSI is hitting resistance, coming out of overbought territory; a retrace back to neutral levels is highly probable.
Overall, in my opinion, Gold needs to break the .618 Fibonacci level to avoid a double top formation, otherwise a retest of the neck line is highly probable.
What are your thoughts?
Please leave a like and comment,
And remember,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
4H BTC chart quite simple4H BTC chart quite simple. if break 7.2k go til 7.4 and 7.8 if not 6.9k and then again up or even more down.
CHZBTC - bullish 1.618Butterfly patternWatch for long entry after Price Action gave you buy signal. Stoploss should be below completed point D and target zones are on the chart.
Looking for Buy on NZDCADWaiting for Break on 1 hr Candle Retest on 1 hr candle then 2 consecutive 15minute green candles
Look for Sell on NZDCADLooking for Sell on NZDCAD
Waiting on Break of Support on 1 hr candle and Retest of support on 1 hr and 2 consecutive 15-minute candles in Sell Direction
20 pip SL
20pip TP
(Possible/Projected) Signal for Entry
SL .87000
EP .86800
TP1 .86583
TP2 .86277
TP3 .85926
TP4 .85350
What Im seeing on AUDSGD!Gooday Traders! From the daily Time Frame, price has been in a 12 month old descending channel. Last week price broke out upward from a descending triangle. Currently, price is making a correction of that bullish impulse wave with a flag pattern, inner descending channel or what ever your nomenclature might be.
On H4 im looking forward to pulling my trigger for a long "if" price does respects the pattern being played out.
Till then all im doing is waiting as this is what im seeing.
Remember that proper risk management is vital.
Do well to follow, like and comment.
What im seeing on AUDJPY!Gooday traders! On the weekly timeframe price has been in a descending channel on the AussieYen pair.
Lately, it has completed (or almost completed) its corrective wave of this 2 year old downtrend. Currently price is at my descending channel resistance. I'll be watching on D1 as well as H4 for a break and a retest. Already D1 is formed a bearish flag which is further confirmation for me.
Eyes on H4 to sell at a better price "if" price does sell. Lets see how it does play out as this is what im seeing.
Remember that proper risk management is crucial.
Do well to follow, like and comment.
STOP LOSS TO BREAK EVEN + SOME PROFITNo point letting this trade turn into a looser now. Two lower highs created, so some structure to help create a logical place to move the stop too. Stop will be now at 1.46825. Worry free trade now, let the market go where it wants on this pair now.
Updates to follow.
EURJPY Resistance BreakHi guys, here is my analysis about OANDA:EURJPY .
At the moment the price is building up just under the resistance.
It make price looks like ready to broke the resistance up.
But if it wont happen?
By my point of view, before the resistance break, the price can still retrace to the trendline and after go break the resistance.
To recap I have got two setup:
Long when the resistance get broken.
Wait for a confirmation candle like a powerbar or wait for a retest.
The take profit is at the resistance at 121.270 (you can use this setup also if the price retrace to the trendline before the break);
Long when the price make a trend inversion candlestick pattern (doji, bullish engulfing) near the trendline.
TP1 is at the resistance at 120.575 and TP2 is at the resistance at 121.270.
