GBPCAD > Clearly Defined Downtrend, Looking for A SellAnalysis of #GBPCAD
The GBPCAD is still in a downtrend we can still look to sell this market, looking at the chart you see we have clearly defined trendline support and trendline resistance,
if the market comes to test trendline resistance we can look for a reversal pattern at trendline resistance near the 1.55000 critical market level to get in a sell trade
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Chartpattren
XAUUSD > Gold Might Continue Down to Test 1600Analysis of #XAUUSD
The Gold has broken its long-term support level near 1680, now we can expect this level to be a strong resistance which the market is not going to be able to close above in the short term.
as you can see the market completed 3 waves down and is now in the process of completing the last wave which might be completed near 1600.00.
I am only looking to short this market or avoid it this week, as we are going to have FED rated decision
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GBPJPY > Possible Buy Entry Ahead of BOE Rate Decision Analysis of #GBPJPY
The GBPJPY is still trading in between this support and resistance level as laid out on my chart, we can look for a conservative buy entry if the market comes down to test support zone near 160.00 sharp
keep in mind, that the BOE will deliver the official bank rate on sept-22, be careful
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SPY Analysis - Sep22 month end below 370SPY to extend downtrend and is tracking to below 370 levels by Sep22 month-end
DYOR; this is a point of view as I dislike the hedging of both bull/bear narratives -
e.g., bulls have a "chance" to hold and 75bps "may" already be priced in
AMEX:SPY Chart :
Downward channels (yellow) have rejected 410 resistance/SZ (purple)
Prediction (blue bars) mirrors Aug16th - Sep7th range into the future (post-Sep16) = prediction to sub-362 level (med to low likelihood) and at least below 370 (high likelihood)
The aforementioned prediction tracks well to yellow channel from Aug7th high and also in range to traditional Jun high yellow channel
Fear/Greed index is 36 and tracking downwards to at least early July lows
Notes:
Participation: 9/19 Low | 9/21 Moderate re: FOMC | 9/23 Moderate | 9/26 Low | 9/28 Low
Participation: 9/30 Very high ; Levels: 390 ++ / 385 +++ / 370 +++ / 350 ++
Key level on SPX: If it breaks below 3588 - it is going lower
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Action : SPY Puts @370 Sep30 expiry ( ~2X ROI ) or put spread 370/365 for more risk (4X+ ROI)
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-Welcome feedback and comments!
SYRS Squeeze $ the premarket is above our support the orang line , we should hold to confirm the price continuation till the first profit taking , then if we broke this level we going to have a test for the other 2 profit taking .
remember the profit taking area is area of possible rejection and short coming in , the only way to find out that we will continue to go up, is breaking those level and holding above it .
let's hunt for Friday .
GBPUSD > A Confirmed Head and Shoulders PatternAnalysis of #GBPUSD
The GBPUSD broke out its trendline resistance which now turned to a support level, as you can see we have also a confirmed bullish head and shoulders pattern, and now am waiting for a double bottom at 1.1500 to get in a buy entry to target the previous high
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EURUSD > Possible Breakout and Continuation to The UpsideAnalysis of #EURUSD
The EURUSD seems to have found some support near 0.9900, it is not easy to EUR, but if we get this market to close above 1.0.200, we can then look for a trend continuation entry for possible continuation to the upside.
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GBPNZD > Strong Resistance Level for A Sell EntryAnalysis of #GBPNZD
I was watching this market yesterday waiting for confirmation the market is turning bearish at this strong structure resistance, and I got it.
Now I am waiting for retest to structure resistant level, possible double top before getting in a sell trade
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