SHORT NZDCHFAnalysis is posted on my chart. Price action is signaling another short signal. Best of luck traders!
Candlestickpattern
A Breakout Signal!The candlestick indicates a breakout signal due to significant price movement backed by high volume with the price closed above the MA50 line.
The MACD signal is in a positive trend, hence, confirming the price uptrend toward the next price resistance.
The RSI cross-up of the indexer 70 indexer due to fresh buying interest on the stock making the candlestick in a breakout pattern.
Precaution for a price correction between 5%-10% from the recent peak before continuing with a price uptrend towards the next price resistance.
Let's save ASB in WL and watch out for significant price movement backed with volume toward the next price resistance.
R 0.195
S 0.080
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.
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!
The next sell levels on EURUSD On Friday we had a bullish impulse on EURUSD that took price to 0,9966.
This move will most likely continue towards 1,0050.
These will be the next levels where we want to see rejection i potential selling opportunities.
This week, we have important news that are going to affect the market again.
EURCAD Potential Longs to 1.37000!EURCAD potential longs are based on the overall confluence we are seeing above. Price is in an uptrend and currently respecting an area of support. If the price manages to hold above this area look for longs back up to the most recent swing high of 1.37000.
GBPNZD Potential Shorts at 1.96000!GBPNZD has created a beautiful head and shoulders formation. By looking at the chart above we can see price has cleared the neckline with a strong bearish shift. If price can pull back to 1.96000 with signs of rejection, we can look to sell this down to 1.87500. If price does not give us a rejection or if it breaks above 1.96000 we must reevaluate price action.
CADJPY - Sideway BounceA potential sideway bounce setup on CADJPY can be seen at 109.24 for a shorting opportunity. For this to be a valid sideway bounce trading setup, I've to see a 3-bar reversal at 109.24 and naturally, one of the levels for trading consideration will be at 107.46.
EURUSD-Weekly Market Analysis-Nov22,Wk2Regarding the overall trading setup, I'm waiting for a Buying opportunity on the EURUSD. EURUSD is on a sideway bounce setup, so I can wait for a buying at the blue solid line(0.9739) and shorting at the red solid line at(1.0082) for a trading opportunity.
Aggressive traders can wait for buying opportunities within the Demand Zone /Blue Box at 0.9843.
AUDUSD gains NFP momemntum.AUDUSD saw massive gains during NFP, on friday. Retailers' sentiment was mostly bearish leading up to the main event.
An opportunity awaits the bulls looking to join the trend, once price has returned to the broken structure.
We will anticipate a rejection of our POI before entering a possible contiuation to the upside.
Risk/reward matters in this game, lets keep it tight.
It's time for a pullback on EURUSD Yesterday, EURUSD reached 0,9750 where it found support that caused the beginning of a pullback.
Today we also have important news for the USD - NFP.
Right now it,s best if we wait for the end of the pullback before taking another trade.
We should look for market reaction around 0,9870!
Bull/bear idea If price breaks trough resistance at 20,384 I’ll risk 1% of my account and aim to make 3%. Next resistance can be found around 21,075.
If price breaks support at 20,026 I’ll risk 1% of my account and aim to make 3% the next support is at 18,616. These are Two possible trade ideas I’ll be watching for the next 24hrs .
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!
EURUSD after FED Yesterday, the interest rates were raised by 0.75%.
That led to move towards the parity and a big rejection wick- just as expected.
Aggressive entries could've been made right after the news.
We can now expect that this downside move will continue.
The next confirmation would be after a test of 0,9870 and another rejection.
In order for this move to continue, price shouldn't break above 0,9976.
The next target is 0,9750!
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!
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!
Going short on EURUSDPrice made a correction to that previous minor zone, looking to short after price breaks out of that minor uptrend zone. Target is at next higher timeframe trendline for 120pips.
EURUSD awaiting the news Like we already said, we have important news this week.
Before that we are probably not going to have any clear moves.
Yesterday we saw EURUSD moving to the downside and this will be the direction in which we will be trading.
We will wait for the news to pass and then for further confirmation before entry!
GBPUSD - Bullish GartleyA Bullish Gartley Pattern has standout. Usually setup like this will have a V-Bottom than a retest. I still prefer a retest before engaging on the trade.
You make your own call, don't follow blindly.
AUDCAD - Bullish BatThis Bat Pattern looks ideal but not ideal for me, but I've bigger plans for this trading setup. A candlestick confirmation on the pattern retest is required before any trade is possible.
AUDCAD - 5-0PatternThis trading setup is what matters. The 5-0Pattern setup that gives traders who are looking for a buying opportunity to engage the trade.
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!
CADJPY - Bearish BatA Bearish Bat Pattern setup could be an opportunity for counter-trend traders to latch on to the trade. The earliest I would consider engaging in this trade is 10 am (GMT +8) as I must wait for the candlestick pattern to close.
For this setup, I wouldn't mind if i touches the arrow and reverse because that could bring in the AB=CD traders to join in the fun. Furthermore, it won't invalid the Bat Pattern.
