Get started

Candlestickpattern

No trades on EURUSD Yesterday, we talked about potentially selling from the 1,0050 level. However, we then had an impulse move to the upside which doesn't allow us to enter short. That's why this setup isn't valid anymore and we will be looking to sell another time. Also, current price level aren't suitable for long positions either and that's due to lack of decent risk to reward ratio. We are now expecting a continuation of this move after a pullback. Right now, we will focus on other instruments to trade.
by ForexTrendline
3
QQQ: Breaking some Key Resistances. Could it recover from here?• QQQ is in a key resistance area, under the 61.8% retracement (previous support, now resistance); • Since QQQ is trying to break this key point, it seems it will trigger the Hammer candlestick pattern from last Friday; • This bullish reversal sign could take QQQ to higher levels, at least to its 21 ema again, in the short-term; • If this will turn out to be a mid-term reversal structure, it is too soon to tell, as we must pay attention on how it’ll react near its next resistances; • The 38.2% retracement along with the 21 ema is a key resistance to pay attention in the next few days, if QQQ gets there; Remember to follow me to keep in touch with my analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
SPX: Hit our TARGET! What's next?• We nailed another target on SPX, as it did exactly what it had to do, and it hit its 21 ema yesterday, just after I posted my daily analysis; • Today, it is under the 21 ema, indicating that the sell-off was intense, but we see some reaction; • While I’m writing this, SPX is trying to do a Hammer/Doji candlestick pattern in the daily chart. The pattern is still forming, and there’s a good chance it won’t close like this, but if it confirms a bullish reaction, it might bounce to its 21 ema again (daily chart); • The index is trying to stabilize just above the 50% retracement, as seen in the daily chart, and this point might work as a support level for us; • However, SPX has yet to show more bullish signs in order to truly reverse. For now, I won't set any public target on it, but I’ll keep you guys posted, as usual. Soon we'll have more definition. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
EURUSD before FED Today, we have news that will determine the next move on the dollar. There is a higher probability for a strong USD but the market could also surprise us and that's why it will be probably best to trade after the news. The main sell scenario would be to wait for price to reach the parity level and leave a rejection wick there. However, if it reaches the parity level with a bullish impulse and it doesn't show rejection, we won't be looking to sell! We may see tricky moves in both directions and that's why we need patience!
by ForexTrendline
2
UBER: A top signal under a resistance? Post-Earnings analysis.• UBER is doing some interesting technical movements, even with the increased volatility after earnings; • UBER went up just to hit the previous resistance at $30.24, a previous support from Oct 06; • While I’m writing this, UBER is trying to do a Shooting Star candlestick pattern, a top sign; • If UBER confirms a top sign, just under a resistance area, then we might expect a correction; • Therefore, if UBER corrects to its 21 ema around $27 - $28, it won’t be a huge surprise; • In order to avoid this, UBER has to react as soon as possible and break the $30.24; • If UBER breaks its resistance, the next target would be at $33.38 (green line). Remember to follow me to keep in touch with my analyses!
NYSE:UBER
by Nathan_The_Finance_Hydra
3
Important week for EURUSD This week, we have FED Interest Rates. This is the most important event for the market right now! We're probably going to see big fluctuations in price and the best opportunities will be after the news on Wednesday. One option is to wait for EURUSD to go near 1,0090 and see if there will be a rejection during the news. If price action confirms the entry, then that will be a great setup. We're not sure if price will rise and reach that level so we don't recommend looking to buy immediately!
by ForexTrendline
5