EURAUD: The price is Confirming the DOUBLE BOTTOM PatternHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/AUD
⚪ Technical Analysis :
Since the 2nd of February, the price has been following a strong downtrend, breaking through two S/R zones at about 1.57700 and 1.57000.
Few days ago, on the 8th of February, the price reached the main support at about 1.56000, re-testing the same zone twice, creating a possible double bottom pattern.
It is currently moving up trying to reach its next S/R zone at about 1.57000 and a clear pinbar on the main support could be a interesting sign of strong rejection.
🔴 Conclusion :
I'm confident to see a bullish movement, considering its previous strong downtrend, I think it's time to get a correction and my target would be the S/R zone at about 1.57900, matching with the 0.61% of Fibonacci retracement.
I'll be waiting the breakout of the level 1.57000, confirming the validity of the pattern and only after this condition I'll plan my long position on this trade.
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
Chart patterns
ZEC traded to perfection. TV's most accurate analyst nails it!As per the previous analysis where my target was hit to perfection (what else is new?) and then a retrace, you can see ZEC did exactly as I said it would.
This is similar to nearly all my analysis where my target shown is reached and then a retrace, meaning that the 'meat' out of the trade is at it's highest and for those brave enough in a bull market (like me) you could short the targets and re-buy when it hits major resistance bull market indicators explained in my member's section on my website.
The next move will be to re-buy when my short from $150 hits $134.99 and wait for ZEC to move higher to $260 before the next move is made on this market. I advise not to short now if you haven't done so at the target level of $150 as the risk does not meet the value of the reward in my opinion. To short in a bull market is for experienced and knowledgeable traders only, that is a warning to novice traders!
The market could turn higher before the short closes so I need to monitor the market or have back up plans in place if not able to monitor the price action. There will be some resistance when the RSI hits 77 on the chart as shown by the red horizontal line if the market does move upwards.
Anyone is a genius in a bull market, the trick is to know what the target is to sell and then re-buy back in.
Happy trading legends!
HTBB
Take a look at my other charts and analysis below to see my unbelievable correct analysis record. If this kind of analysis interests you and you want more than just 1 or 2 correct chart analyses every month or so, check out my website and become a member.
OXTUSD - Still pumping. New target 56 cents!TLDR: Previous post showed our CUP AND HANDLE pattern with target @49 cents. However, OXT does not appear to be finished. Bull flag formation presently occurring. New target = .56 cents.
Hello traders. If you've been following my posts on this ALT and have been trading along with me, then you've done well. I congratulate you on your success.
Though I took profits at 50 cents and closed the last trade (), I have re-entered this trade at 41 cents.
Reason? You can see from the chart, OXT still appears to have momentum. The bears have not been able to reverse this down to previous levels. Resultantly, a BULL FLAG has been forming. If I take the height of the last bull move, clone it, and then estimate an exit from the flag, I come up with a 56 cent target. Not bad!
Let me know if you all are seeing similar trajectories and if you have entered this trade by commenting below.
As always, I wish you the best!
EURCHF: The price STARTED a new ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/CHF
⚪ Technical Analysis :
Since the end of December 2020, the price has been following a strong descending channel, breaking it on the 1st of February 2021.
The price re-tested few times the S/R zone at about 1.08000 before moving up, creating a higher high, then it quickly collapsed down until the same previous level.
Since the 28th of January 2021, I can see the price creating a new ascending channel and it is currently moving on its dynamic support line.
🔴 Conclusion :
That could be the beginning of a new trend if the price will properly pullback on the current level.
Considering that the price is also oversold in this specific level, I'm confident to see an interesting new bullish impulse until the next resistance zone at about 1.08660.
I'll be waiting for the next h4 candlestick before planning my long trade on this position.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
$UVSE Sky High lotto playUniversal Energy Corp., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and natural gas in the United States and Canada. It has 13 oil and gas lease projects. The company was founded in 2002 and is based in Lake Mary, Florida.
$TLRYTilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products to patients, physicians, pharmacies, governments, and hospitals; and for researchers for commercial purposes, as well as compassionate access and clinical research applications. It operates in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, Israel, Ireland, New Zealand, South Africa, Switzerland, the United States, and the United Kingdom. The company was incorporated in 2018 and is headquartered in Nanaimo, Canada.
$HCDIHarbor Custom Development, Inc. engages in the real estate development business in Western Washington's Puget Sound region. The company undertakes projects, such as residential lots, home communities, and single family and multi-family properties. It is involved in the land development cycle activities, including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects. The company was formerly known as Harbor Custom Homes, Inc. and changed its name to Harbor Custom Development, Inc. in August 2019. Harbor Custom Development, Inc. was founded in 2014 and is headquartered in Gig Harbor, Washington.
$NSPR InspireMD, Inc., a medical device company, focuses on the development and commercialization of proprietary MicroNet stent platform technology for the treatment of vascular and coronary diseases in Europe, Latin America, the Middle East, and Asia. The company offers CGuard carotid embolic prevention system for use in carotid artery applications; and MGuard Prime embolic protection systems for use in patients with acute coronary syndromes, notably acute myocardial infarction, and saphenous vein graft coronary interventions. It is also developing NGuard, a neurovascular flow diverter that diverts blood flow away from cerebral aneurysms and seals the aneurysms. The company sells its products through local distributors. InspireMD, Inc. is headquartered in Tel Aviv, Israel.
EURUSD: The price BROKE its FALLING WEDGE PatternHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/USD
⚪ Technical Analysis :
Since the 6th of January 2021, the price has been moving following an interesting falling wedge pattern.
On the 4th of February 2021, the price reached its dynamic trendline, getting a strong bullish rejection that moved it up with a clear uptrend (see the first three strong upbars during the rejection).
That strong impulse gave to the price strength enough to break through the S/R zone at about 1.20700 and its dynamic resistance line.
The price has currently reached the S/R zone at about 1.21500 and it is re-testing the same level.
🔴 Conclusion :
Consindering the strong impulse that the price got on the 5th of February and an interesting pin bar in the daily time frame just on the current level, I'd be confident to see a trend correction until the level at about 1.20700, and eventually it will pullback on its previous chart pattern, then I'll plan my long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDUSD (Update): An interesting TREND CORRECTIONHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/USD
⚪ Technical Analysis :
On the 5th of February 2021, the price got a strong rejection on the support level at about 0.75900, quickly moving up breaking through S/R zone at about 0.76650 and continuing the same trend until the dynamic resistance of the symmetrical triangle pattern.
Since the beginning of January 2021 the price bounced on that level many times, and it is currently re-testing the same dynamic line.
🔴 Conclusion :
The high volatility and a nice condition of overbought just around the current dynamic line, are a possible sign of inversion and I'm confident to see a bearish movement until the support zone at about 0.76500 and eventually until the secondary trendline.
I'm currently holding a short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
$FLYY Golden Cross Incoming Super bullish #Goldencross playing out on the 4 hour chart
Exciting times ahead
NZDUSD: The price BROKE the TRIANGLE PATTERN!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/USD
⚪ Technical Analysis :
Since the end of December 2020, the price has been moving following an interesting symmetrical tringle pattern, bouncing many times on its dynamic pattern's lines.
A couple of days ago, on the 8th of February 2021, the price broke through its dynamic resistance level with a clear upbar, reaching and re-testing the S/R zone at about 0.72500.
It is currently moving close to its dynamic trendline and the next price action around that level will be essential to understand the next market movement.
🔴 Conclusion :
In my previous analysis I was confident to see a short scenario, but the price broke its dynamic resistance line instead of its support, so my previous trade is not valid anymore.
The price seems is going to get a pullback on the current level but I'll be waiting for the breakout of the resistance zone at 0.72500 before planning my long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
USDJPY: The price is FOLLOWING a strong ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
USD/JPY
⚪ Technical Analysis :
On the 27th of January 2021, the price got a strong bullish impulse once it reached its dynamic support trendline, moving quickly up, breaking through an important S/R zone at about 104.500 and reaching its next resistance zone at about 105.700.
The price re-tested twice that level before collapsing down back to its previous support.
It is currently re-testing the main S/R zone and the next price action around that level will be essential to define the next market movement.
🔴 Conclusion :
Overall the price is following a strong ascending channel, it's already bounced few times on its dynamic channel's lines.
I'm confident to see a new upcoming bullish impulse and here below I'll explain that:
- The bullish impulse started on the 27th of January 2021 got a correction until its main S/R zone, matching with the 0.61% Fib Retracement;
- The price is very close to its dynamic support trendline and there is a possibility to see it bouncing on its ema 200;
I'll be waiting for a better entry point but I'd definitely get a long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
$OGI PT 8 (fm @Davinder Singh)Organigram Holdings Inc., through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada. It offers cannabis flowers, extracts, edibles and oils, beverages, and other cannabis products for adult recreational market under the Edison Reserve, Edison Cannabis Co., ANKR Organics, and Trailblazer brands; and medical cannabis products, including strains, cannabis oils, extracts, edibles, beverages, and vaporizers for the medical market. The company also engages in the wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis derivative based products to retailers and wholesalers for adult-use recreational cannabis. It sells its products through online, as well as telephone channels. Organigram Holdings Inc. was founded in 2013 and is headquartered in Moncton, Canada.
USDCHF: The price is BOUNCING on its main TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
USD/CHF
⚪ Technical Analysis :
On the 29th of January 2021, once the price reached its main trendline, it got a strong bullish impulse, breaking through a strong S/R level at about 0.89250, reaching in a few days an interesting zone at about 0.90400.
On that level, the price got a rejection, falling down until its previos S/R zone and it's currently moving just really close to its main trendline.
There is a nice possibility to see a new bounce on that trendline, considering that the current trend correction is overall around the 0.61% of Fib retracement of its previous bullish impulse.
🔴 Conclusion :
I'm confindent to see the price moving up again until the level at about 0.90400, and here the reasons because I believe this direction:
- The main trendline rejected the price several times since the beginning of January;
- The current zone at about 0.89300 is really a strong S/R zone, as you can see in the chart;
- The trend correction is now on the 0.61% of Fib retracement;
- The price is oversold and with high volatility;
I'll be waiting for a clear rejection on the current level before planning a long position on this trade!
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
USDCAD: Short opportunity on this PULLBACKHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
USD/CAD
⚪ Technical Analysis :
On the 26th of January, the price got a really interesting bullish impulse on the level at about 1.26900, that moved the price up until the level at about 1.28800.
Since that moment, the price has been creating a descending channel pattern, bouncing few times on its dynamic resistance line, making on every bounce a lower high.
On the 7th of February 2021, the price broke through the support level at about 1.27600, and it is currently moving with an upbar, with a possibilitity to see a nice pullback on the current level.
🔴 Conclusion :
I previously was looking for a long trade, but the price broke through its support zone instead its dynamic pattern's line, market changes every time and we need to adapt our trade style on different kind of situations.
If the price will pullback on the S/R zone at about 1.27600, I'd definitely entry short on a proper rejection.
My possible entry point could be the level 1.27300, with a first take profit on the level 1.26850 and a second take profit on the next support zone at about 1.26200
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
GBPUSD: SHORT NOW on this Pullback! Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
GBP/USD
⚪ Technical Analysis :
On the 4th of February 2021, the price got an interesting rejection on the level at about 1.35600, quickly moving up with a strong upbar, breaking through its daily S/R zone at about 1.36300 and reaching its dynamic resistance of its previous rising wedge pattern, without breaking it.
Few hours ago, the price re-tested an important resistance zone and it is currently moving down.
🔴 Conclusion :
In my previous analysis I got a bearish scenario and I'm still really confident to see the price collapsing down soon!
I've honestly got already a short position on this trade until the level at about 1.36250 and I'll eventually plan my second trade if the price will break that support zone (my first target).
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURUSD: The price is MOVING inside the FALLING WEDGEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/USD
⚪ Technical Analysis :
Since the 6th of January 2021, the price has been moving following a strong falling wedge pattern, few bounces on its dynamic lines confirm the validity of the pattern.
On the 17th of January, the price reached and got a rejection on a strong daily S/R zone at about 1.20600, breaking through it on the 2nd of February 2021.
The bearish impulse continued until the support zone at about 1.19500, level where the price got a quick rejection.
It is currently re-testing its previous S/R zone, very close to its dynamic resistance line and the next price action around that zone will be essential to understand the next market movement.
🔴 Conclusion :
The price is currently very close to its dynamic resistance of its falling wedge and in the h4 time frame we can see it moving under the ema 200.
I'm confindent to see the price falling down until the main S/R zone at about 1.19500.
I'll be waiting for a better entry point close the dynamic resistance level, before getting a short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDUSD: The price is STILL moving inside its CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/USD
⚪ Technical Analysis :
Since the beginning of January 2021, the price has been following an interesting descending channel, bouncing many times on its dynamic resistance zone, creating on every bounce a lower high.
On the 28th of January, the price broke through its daily S/R zone at about 0.76500, reaching its next support zone at about 0.75800.
After few re-tests of that zone (matching with the weekly main trendline), the price moved up and it is currently on its previous S/R zone.
The next price action around that level will be essential to define the next direction and our entry point.
🔴 Conclusion :
In my previous analysis, I expected the price falling down but unfortunately it got a strong rejection on its weekly trendline.
I'm still confident to see the price breaking through its trendline and continuing the downtrend inside its descending channel.
I would like planning two positions on this trade, the first one whenever the price will reach its dynamic channel's resistance and the second one if the price will break the support level at 0.79500.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
New IPO? $UGROThe low volume on share liquidity seems suspect, but I think as soon as this starts garnishing higher support levels, it may catch the eyes of some institutional investors. Right now, it may be a great early buy opportunity. That said, please do your own due diligence and invest at your own risk.