EURUSD second buy entry I have been waiting for this level to be reached all week, and now entered my second buy position on EURUSD, with hopes of it hitting the 1.50000 range over an extended time. 1:5 risk reward ratio
Continuation
AUDUSD, triangle continuationLet's see what happen from here on after triangle broker on the downside
AUDCAD two possible scenarioson DAILY: AUDCAD is sitting midway between our blue resistance and green support so we will be looking for buy/sell opportunities.
on H4: AUDCAD is overall bullish unless price breaks below its last swing, then we will sell this one.
meanwhile, AUDCAD would be overall bullish and we will be looking for objective buy setups (trend-following) on lower timeframes.
on M30: AUDCAD is forming a red trendline (not valid yet) so we are waiting for a third swing to form around it to consider it valid and then enter on its break upward.
USDCHF two possible scenarioson DAILY: USDCHF is sitting around resistance so we will be looking for objective sell setups on lower timeframes.
on M30: we are waiting for a new swing to form around our lower red trendline to consider it objective and enter on its break downward as a trend-following setup.
or we are waiting for a new swing to form around our upper blue trendline to consider it valid and enter on its break upward.
EUR/USD - HEAD & SHOULDERS | TREND REVERSAL / DOWNTREND SETUP VERDICT: EUR/USD Head & shoulders formation in progress, indicating continuation downwards and further confirmation for the reversal.
CHFJPY two possible scenarioson H4: CHFJPY is overall bullish trading above our orange trendline, however, it is approaching a strong resistance in green.
on H1: CHFJPY is forming a channel in red, so we are waiting for a new swing to form around our upper red trendline to consider it valid and then enter on its break upward.
and we are waiting for an objective break below our lower orange trendline from H4 to sell this one long-term.
BTCUSD - BITCOIN waiting for confirmation to sellon WEEKLY: BTC is still sitting around our 10.000 round number and supply zone so we will be looking for objective sell setups on lower timeframes.
on H4: BTC is trading inside our two red trendlines (not valid yet) so we are waiting for a third swing to form around our lower red trendline to consider it valid and then enter on its break downward.
we also have a regular bearish divergence on MACD adding more confluence to our sell setup.
EURGBP two possible scenarioson DAILY: EURGBP is currently sitting inside a support zone, so let's see if it will reject it or break it downward.
on H4: EURGBP formed an objective head and shoulders pattern, so we are waiting for a momentum candle close below its neckline to sell.
meanwhile, this pair is sitting around support and trading below our red trendline (not valid yet), so we are waiting for a third dot to form around it to consider it objective and enter on its break upward.
Let's see which scenario will be activated.
Great demand for continuation tradeAs we can see on the M15 chart the price creates a new demand below.
The current momentum is bullish and therefore this new demand seems like a great continuation level for buy position.
I'll buy at this demand on the first touch of the price.
DXY 97.97 -0.34% SHORT IDEA GOOD DAY TRADERS...
HERE'S A SHORT IDEA ON THE DOLLAR INDEX WHICH STILL REMAINS UNDER PRESSURE AS THE BULLS ARE STILL IN CONTROL ON THE INDEX.
> ON THE DAILY WE ARE AT 61.8% FIBONACCI LEVEL AFTER JUST BREAKING OUT OF A SYMMETRICAL TRIANGLE POSSIBILITY OF A RISE STILL IN PLAY BUT LOOKING AT MOMENTUM TO THE DOWNSIDE AND ALL HAPPENING FUNDAMENTALLY LOOKING FOR THE INDEX TO PUSH FURTHER DOWN THIS WEEK TARGETING THAT 50% FIBONACCI ON THE DAILY...
ENTRY - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING
AMERICA RIOTS/PROTESTS TO TRIGGER NEXT MARKET CRASH?
Riots & Protests = Social Gatherings
Social Gatherings = Spreading Of Coronavirus
Spreading Of Coronavirus = Restricted Economy
Restricted Economy = Market Crash
Whilst this logic may not fully constitute to a market crash, it just needs to be a catalyst. A trigger.
Just as the virus was the catalyst for an over-valued market back at the highs, the riots & protests may also be the catalyst for the currently over-valued market and bull trap we are in right now.
VERDICT: Since we are clearly already in one of the biggest bull traps ever seen, the conflict in America may trigger the long overdue market crash.
STILL GOING!! EUR/USDWe are still climbing but be aware of the possible head and shoulders forming!!!!!
OANDA:EURUSD
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Disclaimer
The material and information contained in this analysis is for general information and educational purposes only. You should not rely upon the material or information on any of my analysis as a basis for making any business, legal, or any other decisions.
USDCAD: Diamond forming in progress (continuation). SHORTIf the price will breaks today's low 1.37342 - the continuation diamond will be confirmed.
Atm the red line is not confirmed.
Targets:
1: 1.3645
2: 1.3490
3: 1.3420 - unclosed GAP on daily chart
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This is not the financial advice.
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NAS100USD LONG IDEAGOOD DAY EVERYONE
HERE'S A LONG IDEA ON NAS100, STILL IN AN ASCENDING CHANNEL HOPING WE FINISH THAT MOVE TO THE UPSIDE A TOUCH TH RESISTANCE LEVEL.
RISK MANAGEMENT
PERIOD - DAY TRADE
xauusdGold finds sellers at 1735. Possible continuation bearish until top of bullish pennant meaning we need to sustain that 1717 break. Also, took a nice rejection candle off that bullish trend line at 1730. Can news be strong enough?
EURGBP 4 HOUR BULLISH CONTINUATION TRADEAfter breaking out of last weeks ascending triangle the EURGBP is offering a second opportunity for those looking to get long in a form of a retest of the pattern. We close with a decent candlestick combination so for an aggressive trader this could be an order that gets executed on the open.
Projections higher are based mainly on a 1 to 1 measured move (ab=cd pattern) and the use of the Fibonacci extension tool. There is a level of structure looking left but nothing too significant in my eyes.
For a video walkthrough of this setup please watch my youtube video titled "TRADING LESSON - How To Project Profit Targets" starting at the 8:20 mark
I hope you guys enjoy your weekend!
Akil
#Bitcoin - plan Bif current short for H&S is stopped will risk one more setup based on this rising wedge
BIT Symmetrical TriangleBullish continuation pattern I'll watch for clear breakout before entering, small position as it's very volatile.
Great Continuation Level for Buy PositionAs we can see in the M15 chart the price created a new demand below,
This demand seems like a great continuation level for the bullish momentum.
I'll buy on the first touch of the price and the final target for this buy position will be 1.2320 zones.
Possible long continuation aheadRetesting to the previous all time high back in 2/20. Looks like it could possibly continue the upward trend tot he all time high. There is some support between 38 and 37.
An ideal entry would be passing 39.00
I am already in the trade, I entered @ 38.89
