EURGBP: how much can you drop, price ?!And the price is still in a downtrend. However, now there is a chance that it will grow from its lower border. Before starting to rise, the price may drop a little more, but then return to an upward movement. In the middle of the trend, there are still two options - reversal or consolidation. I am inclined to believe that the price will gain a foothold and continue to rise. As a result, it will stop at the resistance line 0.872.
SL - 0.863.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Buysignals
AUDCAD: resumption of bullish growth after correctionAt the end of last year, the price touched the 0.975 price level, broke it and continued to rise above it. Then it came to the price level of 0.990, which is currently the annual maximum of 2021. And after touching this level, the price returned to the start again. We are now seeing a similar situation. The price started to rise from the level of 0.975. It corrected at 0.982 and continues to grow. We are waiting for it to also touch the 0.990 level.
SL - 0.982.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD: the price has moved! Bullish correctionGold finally showed character and after several days of silence fell. Now it is at the price level of 1788.16. Starting in January of this year, you can see how the price alternates between periods of decline and correction. And the last collapse fits into this sequence, so now gold has every chance of rising to the level of 1811.25 (the place of the last corrections).
SL - 1777.29.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
EURJPY: bull figure equipmentThe price showed excellent growth from the price level 126.70 and, as a result, left the Triangle pattern, breaking through the line 127.02. After a breakout and a slight increase, the price "like a textbook" worked out a pullback. So its closest action is to return to the support line and fix on it. Further, there is a high probability that the price will continue to rise after the completion of the pattern formation and come to the price level of 127.39.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
AUDCAD: break of the channel before the start of growthSo, the price movement is developing according to the first scenario I voiced yesterday. That is, the price left the descending channel, broke through its border around 0.982 and continued to grow. Now I expect the price to correct to the line, fix on it and return to the rate. It will grow to position 0.990.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
EURGBP: breaking the trend at the price levelThe price is at the price level 0.874. It has price touches throughout the entire chart. The price reached this level after a long (since December of last year) fall in the descending trend. There is a high probability of new growth and trend reversal. In this case, the price will bounce off the level, break the 0.876 trend line, fix on it and rise to the next strong level 0.882.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
EURCAD: how will the growth in the channel end?Repetitive movement in a small downward channel. At first, growth - within this channel, is sharp without pullbacks. Then the fall - a longer one with a multitude of corrections. Both movements are within the price levels 1.574 and 1.526. Now the price started to rise from the level of 1.534 and will come to the intermediate level of 1.552. He is the border of the channel.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD: half way to the channel exitWell, gold continues to rise and there is every reason to believe that it will continue to rise in the near future and be able to leave the descending channel. We are still focusing on the price levels formed by a similar channel that completed its formation in December. And now the price should break through the channel border of 1826.86 and rise to the price level of 1858.85. Wait.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
EURUSD: Long. When do the bulls enter?The price is still in a downtrend (see my previous forecast). It left the correction zone formed between two price levels, breaking through the level of 1.206. Between these levels, the price usually works out a correction, as it was, for example, in January. The price will go down to position 1.192, after which the correction will be worked out to level 1.206.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
EURGBP: completion of the reversal patternThe price moves between two crossing lines. The vibration frequency gradually decreases. This means that the price will leave the pattern in the near future. Wedge is a reversal pattern. after completion, the price should rise by the volume of the previous trend (up). We are waiting for the breakdown of the resistance line and buy to 0.891. For reassurance, you can wait for a slight correction after the breakout.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD buy! Good Luck traders Hello Traders, here is the full analysis for this pair.
Watch strong price action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD ..
I still did my best and this is the most likely count for me at the moment ..
Support the idea with like and follow my profile TO SEE MORE!
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Papa Johns $PZZA made a good rebound from key support levelIt appears that the uptrend for NASDAQ:PZZA is still strong as it rebounded form a very good support at $85. This zone converges with 4 support signals; previous high, uptrend line, 20 day MA and 50 day MA. This could be a really good buy signal also because the price made a breakout from a pennant pattern with good buying volume. I already hold some in my portfolio so now I have really good Dollar Cost Average with this stock. Now as you can see, the $100 zone is a strong resistance, so it looks like it will make a classic cup and handle patter. Lets see how it plays out.
Earnings Push With earnings coming up there's no doubt for traders to buy NFLX and expect to make some big returns based off of a solid earnings report as Netflix is most likely doing exceptionally well during these interesting times.
Aside from the fundamentals, I want to dive deep into some technical analysis.
If you have been following long enough you know I love candles and that I can find trends, highs, lows, price movements, floors, and ceilings. Of course I am not perfect and have made plenty of mistakes but over all I am still maintaining my 90% accuracy rating or $1000 lost for every $10000 I make.
It is not about my credibility though, it is about the signals and divergence that show where the price is heading and as you can see the MACD is showing a decrease in bear strength while D+ is showing an increase in bull strength.
There are also 2 buy signals for the 3x confirm that is also very accurate.
My plan is to buy a call or two Monday 1.11.21 for NFLX to hit a strike price of $525 by 1.15.21
Ultimately I do not want to hold all week, I plan on buying in Monday and selling Tuesday or Wednesday. The sooner the better!
Follow to keep tabs on this chart & see my trade activity
Comment your thoughts below and if you would like one of your stocks analyzed, shoot me a PM.
Happy Trading and lets make some big $$ this year!
EURUSD pushed from strong SUPPORT zone and GROWTHIn November 2020, the price of this currency pair started a new downward trend, receiving support from the 1.162 line. The support turned out to be "young" but very strong. And as a result, it was able to bring the price to the historically strong level of 1.221.
The price made its first attempt to break through this level back in mid-December last year, but it collapsed almost immediately and the owl came to the support line. As a result, the price managed to break through the level only at the end of December, when the support line crossed it.
After the breakout, the price increased, rolled back and consolidated in the support zone. Such price movement on the chart often precedes an increase. Further growth is also supported by the fact that the November support line has not yet been broken. And it is a guiding trend line for growth.
Thus, now I expect the price to bounce off the 1.221 support zone to grow. It is likely that during the growth it will roll back again, but eventually it will come to the resistance line of 1.240. This is our goal.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AVGO - Broadcom Inc. buy support zonesHello traders,
Description of the analysis:
Broadcom Inc. ( AVGO ) support zones where it makes sense to time long positions. A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair prices by volume .
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
AUDCAD open BUY TRADE from support After the price came to the resistance level of 0.958 in early December, it collapsed sharply. During this collapse, the price was able to break through the resistance line, which was quite strong for this chart, and stopped only at the support line 0.946.
This line has been on the chart for a short time, only since October 2020. However, you can see that each of the price touches on this line led to the fact that the price reversed and began to rise. We observed this situation three times already, the last time - a couple of days ago.
After the price bounced off the support line, it came to the resistance line and began to fall again. Therefore, I expect further price movement in two stages:
1. First, the price will return to the support line in the area of 0.947, thereby fixing on it.
2. After that, it will rebound in the direction of the resistance level 0.958.
And this is an excellent position to open a buy trade. I will never tire of reminding you of the importance of SL. Install it below the support line around 0.943.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
EURUSD wait a little and open BUY TRADERecently, the euro-dollar market has been very unstable.
We consider the price movement taking into account the influence of the strong line, which has been forming since 2008. And for all this time, the price has never been able to break through this line, although it touched it quite regularly.
However, at the end of July, the line was broken at point 1.152. After that, the price went up, but reversed at the line and the level (at that time - support) dropped to the support line and fixed on it first once, and then after another rise and fall - a second time. Thus, creating the basis for their future growth.
During this strong growth, the price came to the strong resistance line at 1.217. Then it turned around and already shows a small downward movement. Therefore, the first thing I expect in the price action is a fall to the 1.201 support line. After that, I expect the price to bounce off the line and start growing from this line to support level/
And this is a buy signal. SL - 1.185 - along the lower resistance line.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
DXY good position to BUY TRADEIn the second half of November, the price managed to break through the strong resistance level - 92.156, along which it moved throughout the previous month.
After breaking through the level, the price, as expected, fixed on it and after the second consolidation showed a strong fall. As a result, it stopped only at the strong support line 90.441.
This line has existed since 2012 and all price touches are extremes, maximum points on the chart during strong growths or strong falls. And each time the line changed the direction of the price.
Now we see that after touching the point 90.441, the price has already gone up and this is a good reason to open a buy trade. I suppose that the price can be consolidated on the line, so we set the SL below it at about 90.067.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
EURUSD we open BUY TRADE We continue to monitor the movement of the euro-dollar price.
In early November, the price bounced off the support line at 1.160, soon worked out a small correction and since then, for almost a month, has been in an upward trend.
During a sharp jump in the price, which began quite recently, the price was able to break through the resistance-support level of 1.207 and rose minimally above it.
The current situation repeats one to one the situation before the breakdown of the level in 2017.
Strong growth from the line first
support, then touching the level and correcting and eventually breaking through the level
And the fact that the price was able to break through this level now is a signal for readiness for good growth. Moreover, now the level will provide good support to the price.
Therefore, I open a buy trade. I will never tire of reminding you of the importance of SL - this time we are looking for it below the support level of 1.201.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
USDCHF BUY SIGNAL from strong SUPPORTMy predictions for this pair continue to come true throughout the last month!
First, the price broke through two resistance lines and fell to the level.
Then broke through two resistance lines and fell to the level. Thereby fulfilling my previous forecast.
And in the end it fell from the resistance line to the support line.
And right now the price is at the strong support line at 0.893.
I want to remind you that this is a very strong support line that exists on the chart in the summer of 2019. And for all this time, the price never dropped below it.
Therefore, I expect that the price will start to rise during this growth as well, and this is an excellent reason to open a buy deal. I will never remind you of the importance of SL - set it just below the support line in case of a correction, around 0.886.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
US30 continue GROW - BUY SIGNAL The price continues to move slowly in the pattern as I said in my previous forecast, which is gradually coming true.
The price has formed the "Flag" pattern on the chart. It all started with a strong impulse that set an uptrend at the end of October 2020. And then the price hit the support and resistance lines.
The flag is a reversal pattern after it, the price will change the trend with greater intensity, that is, in our case, it will start to fall. However, right now it is already clear that the price has started an upward movement. So at the moment I expect the price to rise first. And this is a reason to open a buy trade.
I never tire of reminding you of the importance of SL - set it just below the resistance line around 29397.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
AUDCAD good point to open BUY TRADEAt the end of November, the price came to the resistance line of 0.960 and fell off strongly from this point. It stopped only at the support line in the area of 0.952, after which it worked out a small correction and again returned to this support line.
This line was formed in September 2020. During this time, the price broke it several times during strong growth spikes, but in most cases the line corrected the price movement, changing its direction.
Now, after a strong collapse and a correction to the line, I expect the price to start rising. And this is a great time to open a buy trade.
I will never tire of reminding you of the importance of SL. Set it below the support line around 0.950. The growth target is the resistance level of 0.958. Here we put TP.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻