Chart patterns
AUDNZD: is that the END of the TREND CORRECTION?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 :
AUD/NZD
⚪ Technical Analysis :
Since the 1st December 2020, the price has been moving with a strong bullish impulse, going up for about 420 pips, reaching the level at about 1.08500.
On that level, the price got a quick rejection, falling down breaking through the S/R zone at about 1.07000, and it is currently reaching the an interesting support zone at about 1.05700, that perfectly match with the 0.61% of Fibonacci retracement.
🔴 Conclusion :
This is absolutely a nice trend correction of its previous bullish impulse, and I'm confident to see the price bouncing on the support zone at 1.05700 before moving up again with a new bullish momevent.
I'll be waiting for the price to reach the support zone before planning my long position on this trade.
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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
AUDJPY: Be ready to SHORT this 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/JPY
⚪ Technical Analysis :
Since the 10th of January 2021, the price has been following a clear descending channel, bouncing few times on its dynamic channel's lines.
Yesterday, the 1st of February, the price reached its dynamic resistance line, getting a nice bearish rejection on that level.
It is currently re-testing the support zone at about 79.700 and the next price action will be essential to understand the next market movement.
🔴 Conclusion :
The price is just in the middle of its channel, around a support zone at about 79.700.
I'm confident to see it having a small correction before falling down through the support zone until its dynamic support line.
I'm already holding a short position but I'll be waiting for the breakout of the support zone before planning my second position around the level 79.400.
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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
AUDCHF: The price is still Growing in the 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/CHF
⚪ Technical Analysis :
Since the 27th of January 2021, the price has been moving following an interesting ascending channel, once it reached and got a quick rejection on the support zone at about 0.67500.
It bounced few times on its dynamic channel's lines, that would confirm the validity of that pattern and it's currently retesting the S/R zone at about 0.68200.
The next price action around that area will be essential to understand the next market movement.
🔴 Conclusion :
The current S/R zone rejected the price many times since December 2020 and I'm confident to see an upcoming new bullish impulse, moving the price up inside its channel, trying to reach the next resistance zone at about 0.69000.
I'll be waiting for a proper rejection on the current level before planning 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
AUDCAD: Following the DESCENDING 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/CAD
⚪ Technical Analysis :
Since the beginning of January 2021, the price has been showing few signs of weakness, it re-tested many times the support zone at about 0.97800 and few days ago it finally broke it.
Few hours ago a nice downbar closed under the support zone and there is a good possibility to see the price falling down until its next support zone at about 0.96700.
🔴 Conclusion :
Since the 27th of January, the price has been moving inside a descending channel, and I'm confident to see a new re-test of the level 0.97700 before collapsing down.
I'm already holding a short position and I'd be ready to open another position once I'll eventually confirm a pullback on the S/R zone.
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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
EURNZD: an upcoming BULLISH impulseHi 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/NZD
⚪ Technical Analysis :
Since January 2021, the price has been moving in an interesting side trend, bouncing up and down between the resistance area at about 1.69500 and the support area at about 1.68500, many rejections are a clear confirmation of the strength of these zones.
The 27th of January the price temporary broke through the support zone, quickly moving back over the support zone, failing its next attempt to create a lower low.
It is currently re-testing the support level and the next price action will be essential to understand the next market movement.
🔴 Conclusion :
The price seems to be not really strong anymore to push the price down under the level 1.68100 and the last few pinbar candles could be the first sign of an upcoming new impulse.
I'm confident to see the price moving up until its next resistance zone at 1.69700 but I'll be waiting the next few h4 sessions before entry long on this trade.
The level 1.68800 could be a potential entry point.
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
EURGBP: A possible CHANNEL BREAKOUT!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 :
EUR/GBP
⚪ Technical Analysis :
Since the beginning of January 2021, the price has been following an interesting descending channel, breaking through the S/R level at about 0.89300, getting many rejections on the support level at about 0.88100.
It is currently re-testing the same level and the next price action around that zone will be essential to understand the next market movement.
🔴 Conclusion :
The price seems to be not strong enough to break the current support zone.
I'm confident to see it getting one more rejection, moving up with a bullish impulse until the next S/R level at about 0.89200.
I'll be waiting for the breakout of its channel before planning 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
EURUSD: The price close to its WEEKLY 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 :
EUR/USD
⚪ Technical Analysis :
Since the 6th of January, the price has been moving with a strong downtrend, once it got a rejection on the level at about 1.23500, ending its movement on the support zone at about 1.20500, an interesting level that rejected the price many times in the past.
A couple of days ago, the price re-tested the same zone and it's now very close to its dynamic trendline.
The next price action around that zone will be essential to understand the next market movement.
🔴 Conclusion :
The price is just moving close to a weekly trendline, failing many attempts to break the support level at about 1.20500.
I'm confindent to see a new re-test of the support zone before getting a new uptrend, breaking through its dynamic descending trendline.
I'll be waiting for a re-test on the support zone before planning my long position on this trade.
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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
EURCHF: The price BROKE an interesting 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 :
EUR/CHF
⚪ Technical Analysis :
Since the end of December 2020, the price has been moving creating an interesting descending triangle pattern and few rejections on the main support level at about 1.07400 and its dynamic trendile are an extra confirmation about the validity of that pattern.
Since the 15th of January 2021, the price has been consolidating for a couple of weeks, getting now strength enough to move up.
Yesterday it broke its dynamic trendline and the next price action around that level will be essential to understand the next market movement.
If you would like to have a quick look on my previous analysis, you can check the link below:
🔴 Conclusion :
In the weekly time frame, I would say that the price is moving as a trend correction of a long and strong bearish market started since April 2018 and in the daily perspective I can see the price bouncing up and down between the support zone at about 1.07500 and the resistance zone at about 1.08700.
I'm confident to see the price moving up but I'll be waiting for a re-test of its dynamic trendline before planning 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
EURCAD: An upcoming BEARISH WAVE?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 :
EUR/CAD
⚪ Technical Analysis :
Since the end of December 2020, the price has been moving with a strong downtrend, breaking through the main S/R level at about 1.54200 but quickly back above the same level.
On the 28th of January 2021, the price reached an interesting S/R zone at about 1.56000, that rejected it many times in the past.
Few re-tests on the same level and the price started falling down again, trying to reach now its previos support zone.
If you would like to have a quick look on my previous analysis, you can click the link below:
🔴 Conclusion :
In the daily perspective the price is clearly following a strong descending channel and it seems is starting a new bearish wave.
I'm confident to see the price breaking through the support zone at about 1.54100, falling down until its next support.
I'm already holding a short position on this trade and I'd add a new short position if the price will properly break the level 1.54000.
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
EURAUD: A new BULLISH Impulse? 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 :
EUR/AUD
⚪ Technical Analysis :
Since the end of December 2020, the price has been moving with a strong bearish impulse, reaching and bouncing few times on the main support level at about 1.56000.
The price created an interesting possible double bottom pattern on the level, starting a new ascending channel on the 27th of January 2021.
It is currently re-testing a S/R zone at about 1.58300, moving very close to its dynamic support line and the next price action around that zone will be essential to understand the next market movement.
If you wish to have a quick look on my previous EURAUD analysis, you could click the link below 👇
🔴 Conclusion :
The price was following a clear downtrend and a double bottom pattern in this specific circumstance could be an interesting sign of market reversal.
I can see the market moving with a nice uptrend and I'm confident to see it bouncing on the current S/R level before moving up with a new bullish impulse.
I'll definitely keep this market in my watchlist and I'll be waiting a proper rejection before entering long in 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
TOP WSB PLAYS: $GME $AMC $NOK $EXPR $PHUN $NAKDHistory in the making...
$AMC Jan 21st 2022 $40 Calls
$NOK Jan 21st 2022 $17 Calls
Returns +155,000%
Get the Dip, $75 Target for $KI will be honest, Kellogs have overall been quite bullish. Right now, I believe it is getting close to setup the next wave for a cup & handle at $75. That said, invest at your own risk. Everything I say is on an opinion based basis. Please do your own due diligence.
12 Mid-High Risk Stocks in my 2021 WatchlistThe 12 mid to high risk stocks in my 2021 watchlist include: $ATOM, $ADOM, $NNDM, $BNGO, $PUBM, $UPWK, $BLSP, $RETC, $LGVW, $PSAC, $HYLN, and $NETE. Currently, the ones that excite me the most are: $NNDM, $LGVW, $BLSP, $ATOM and $HYLN. I am also keeping a close watch on the $PSAC spac, which I believe is Faraday Futures. That said, please do your own due diligence and invest at your own risk. Everything I say is on an opinion based basis.
NZDUSD: Is the price BREAKING through it SYMMETRICAL TRIANGLE?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 creating an interesting symmetrical triangle pattern, perfectly bouncing few times on its dynamic S/R trendline.
On the 18th and 28th of January 2021, the price reached and got a strong rejection on the support area at about 0.71000.
It's currently moving inside the pattern and the next daily session will be essential to understand the next movement.
🔴 Conclusion :
In the daily time frame, we can see a strong bullish impulse started in November 2020, and I'm confident to see an upcoming clear trend correction.
The price is definitely giving us few signs of weakness and I'll be waiting a proper breakout of its chart pattern before planning my short 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
$AMC PT 250-378 within 4 months$AMC PT 250-378 within 4 months
Multi-leg:
1) Mar 19th 2021 $40 Calls
2) Jan 21st 2022 $40 Calls
CHFJPY: Is the Price COLLAPSING AGAIN? (Possible Scenario)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 :
CHF/JPY
⚪ Technical Analysis :
Since December 2020, the price has been moving with a side trend, keeping the price between the resistance zone at about 118.000 and the support zone at about 116.200.
A couple of days ago it reached again the main resistance, failing the attempt to break the level and starting falling down with a strong downbar.
The price is currently showing us a possible bearish signal and the next daily session will be essential to understand properly the next market movement.
🔴 Conclusion :
The daily session closed with an interesting pinbar, the price is overbought and got a rejection on the support area.
I'm confident then, to see the price getting an upcoming bearish movement until its next support zone.
I'll be waiting the next h4 session before eventually start planning my short 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
CADJPY: The price back to its MAIN TRENDLINE?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 :
CAD/JPY
⚪ Technical Analysis :
Since January 2021, the price has been bouncing many times between two S/R level, one at about 82.100 and another one at about 81.000.
On the 28th of January, the price reached also the main trendline, getting an interesting quick rejection, pushing the price up until the resistance zone.
During the last daily session, the price attempted to break through it, failing and showing a sign of weakness and uncertainty.
🔴 Conclusion :
I'm confident to see a possibility to re-test the main trendline, few pinbars on the h4 chart could be a sign of inversion.
I'll be waiting for the next few candles to confirm my analysis and then I'll plan my short position on this trade.
I highly suggest to do not open any position right now!
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
CADCHF: You may consider this LONG opportunity! 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 :
CAD/CHF
⚪ Technical Analysis :
Since January 2021, the price has been following an interesting trendline, moving up until the main resistance zone at about 0.70500, breaking through a daily S/R level at 0.69600 and bouncing few times on its dynamic trendline.
On the 22th of January, the price broke the trendline, re-testing the same level twice before collapsing down under the support level.
It is currently re-testing the S/R level at about 0.69650 and the next price action on this level will be essential to understand the next market movement.
🔴 Conclusion :
The current weekly session closed with an interesting pin bar, showing a possible rejection on that level and an upcoming new uptrend.
Also the day session closed with a strong upbar just around the S/R zone.
I'm confident to see the price pushing up until the next resistance zone and I'll be waiting for a clear rejection before planning 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
NZDCAD short positionWaiting to recieve candle stick signal below the resistance zone to open a short position
AUDUSD: Is time to BREAK the CHANNEL? (Signal)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 :
AUD/USD
⚪ Technical Analysis :
Here below my previous analysis 👇
Since the 21th of January the price hasn't been able to reach properly the dynamic resistance line of its descending channel, re-testing few times more the support level at about 0.76450.
It is currently on its dynamic support line and the next price action will be absolutely important to understand the next market movement.
🔴 Conclusion :
The price is currently moving with high volatility and just around the EMA 200.
I'm confident to see the price breaking through the current support zone and falling down until the next support at about 0.75100.
I'll be waiting for a proper breakout before getting a short 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
USDCHF: Reverse Head and Shoulders pattern almost completed!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 :
USD/CHF
⚪ Technical Analysis :
Since December 2020, the price has been moving getting many rejections on a strong daily resistance zone at about 0.89200, creating a possible inverted head and shoulders pattern.
It is currently re-testing the same level and the next price action around that level will be essential to understand the next market movement.
🔴 Conclusion :
The head and shoulders is usually a market reversal pattern, obviously it depends on the circumstance, so I'm confident to see the price getting an upcoming uptrend, breaking through the strong daily resistance zone.
I'll be waiting for a proper breakout before planning my long position.
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
USDJPY: Breaking through the MAIN RESISTANCEHi 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 :
Since January 2021, the price has been following a clear descending channel, many bounces on its dynamic S/R line confirmed the validity of the pattern.
On the 26th of January the price got an interesting rejection on the support level at about 130.610, breaking through its descending channel and the main resistance zone at about 104.350.
A strong upbar just over the resistance zone could be a clear sign of a new upcoming uptrend.
🔴 Conclusion :
I think the price has a good chance to grow more, but I'm confident to see a pullback on the S/R zone at 104.300 before eventually going up again.
I'll be waiting for a retest on that level 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
